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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies14
  • 7D2.6%
  • 3M-1.8%
  • 1Y1.3%
  • YTD-1.6%

Over the last 7 days, the Utilities industry has risen 2.6%, driven by gains from PETRONAS Gas Berhad of 9.6%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 7.7% per annum.

Sector Valuation and Performance

Has the Malaysian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026RM 183.5bRM 142.8bRM 11.7b14.3x15.7x1.3x
Mon, 23 Feb 2026RM 186.5bRM 144.5bRM 11.9b14x15.6x1.3x
Wed, 21 Jan 2026RM 190.5bRM 144.4bRM 11.9b13.9x16x1.3x
Fri, 19 Dec 2025RM 184.7bRM 144.4bRM 11.9b13.2x15.5x1.3x
Sun, 16 Nov 2025RM 194.5bRM 145.8bRM 12.2b15.4x15.9x1.3x
Tue, 14 Oct 2025RM 200.4bRM 145.9bRM 12.0b16.3x16.7x1.4x
Thu, 11 Sep 2025RM 197.9bRM 145.9bRM 12.0b16x16.5x1.4x
Sat, 09 Aug 2025RM 200.2bRM 148.7bRM 12.8b14.3x15.6x1.3x
Mon, 07 Jul 2025RM 197.5bRM 148.7bRM 12.8b13.9x15.4x1.3x
Wed, 04 Jun 2025RM 180.2bRM 148.7bRM 12.8b12.4x14.1x1.2x
Fri, 02 May 2025RM 181.9bRM 149.2bRM 12.8b14.8x14.2x1.2x
Sun, 30 Mar 2025RM 178.0bRM 149.2bRM 12.8b14.5x13.9x1.2x
Tue, 25 Feb 2025RM 178.8bRM 148.5bRM 12.5b13.7x14.3x1.2x
Thu, 23 Jan 2025RM 192.8bRM 147.5bRM 12.1b13.5x15.9x1.3x
Sat, 21 Dec 2024RM 196.4bRM 147.5bRM 12.1b14.6x16.2x1.3x
Mon, 18 Nov 2024RM 182.8bRM 145.3bRM 11.7b12.2x15.6x1.3x
Wed, 16 Oct 2024RM 191.7bRM 145.3bRM 11.8b12x16.3x1.3x
Fri, 13 Sep 2024RM 195.2bRM 145.3bRM 11.8b12.7x16.6x1.3x
Sun, 11 Aug 2024RM 205.2bRM 146.0bRM 10.2b17.9x20.2x1.4x
Tue, 09 Jul 2024RM 220.7bRM 146.0bRM 10.2b19.3x21.7x1.5x
Thu, 06 Jun 2024RM 209.7bRM 146.0bRM 10.2b18.9x20.6x1.4x
Sat, 04 May 2024RM 198.1bRM 147.2bRM 10.0b18.3x19.8x1.3x
Mon, 01 Apr 2024RM 176.7bRM 147.2bRM 10.0b18.1x17.7x1.2x
Wed, 28 Feb 2024RM 180.8bRM 150.7bRM 10.2b15.6x17.7x1.2x
Fri, 26 Jan 2024RM 169.0bRM 150.1bRM 9.4b14.7x17.9x1.1x
Sun, 24 Dec 2023RM 147.8bRM 150.1bRM 9.4b11x15.7x1x
Tue, 21 Nov 2023RM 142.6bRM 153.1bRM 8.5b11x16.8x0.9x
Thu, 19 Oct 2023RM 136.0bRM 152.8bRM 8.5b9.5x16.1x0.9x
Sat, 16 Sep 2023RM 138.2bRM 152.8bRM 8.5b9.3x16.3x0.9x
Mon, 14 Aug 2023RM 129.3bRM 149.0bRM 8.5b10x15.3x0.9x
Wed, 12 Jul 2023RM 120.7bRM 149.0bRM 8.5b10x14.2x0.8x
Fri, 09 Jun 2023RM 118.7bRM 149.0bRM 8.5b10x14x0.8x
Sun, 07 May 2023RM 115.2bRM 145.7bRM 8.5b11x13.6x0.8x
Tue, 04 Apr 2023RM 113.9bRM 145.7bRM 8.5b10.4x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: RM 113.9bTotal Earnings: RM 8.5bTotal Revenue: RM 145.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Malaysian Utilities sector?

MY Market-0.43%
Utilities2.56%
Gas Utilities9.35%
Renewable Energy2.70%
Electric Utilities0.56%
Other Utilities0.52%
Water Utilities-1.36%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 4.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PETGAS PETRONAS Gas BerhadRM 18.429.6%
+RM 3.2b		9.1%PE21.1x
GASMSIA Gas Malaysia BerhadRM 5.838.0%
+RM 552.1m		35.3%PE19.6x
TENAGA Tenaga Nasional BerhadRM 14.380.6%
+RM 466.3m		7.5%PE17.6x
YTL YTL Corporation BerhadRM 1.671.2%
+RM 232.3m		-16.5%PE10.6x
MALAKOF Malakoff Corporation BerhadRM 0.802.6%
+RM 97.7m		1.9%PE95.7x

Latest News

GASMSIA
RM 5.83
Gas Malaysia Berhad
7D
8.0%
1Y
35.3%
PETGAS
RM 18.42
PETRONAS Gas Berhad
7D
9.6%
1Y
9.1%
TENAGA
RM 14.38
Tenaga Nasional Berhad
7D
0.6%
1Y
7.5%
MFCB
RM 2.89
Mega First Corporation Berhad
7D
3.2%
1Y
-27.9%
MALAKOF
RM 0.80
Malakoff Corporation Berhad
7D
2.6%
1Y
1.9%
PBA
RM 1.83
PBA Holdings Bhd
7D
-0.5%
1Y
-13.7%
EDEN
RM 0.14
Eden Berhad
7D
-3.3%
1Y
-9.4%
RANHILL
RM 1.71
Ranhill Utilities Berhad
7D
-1.7%
1Y
37.9%
YTL
RM 1.67
YTL Corporation Berhad
7D
1.2%
1Y
-16.5%
PUNCAK
RM 0.17
Puncak Niaga Holdings Berhad
7D
-2.9%
1Y
-15.4%
TALIWRK
RM 0.40
Taliworks Corporation Berhad
7D
-1.3%
1Y
-43.6%
GENERGY
RM 0.65
Wasco Greenergy Berhad
7D
1.6%
1Y
n/a