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Malaysian (KLSE) Utilities Sector Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.2%
  • 3M-4.7%
  • 1Y-2.7%
  • YTD-1.3%

The Utilities industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 7.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026RM 183.9bRM 144.5bRM 11.9b14x15.4x1.3x
Wed, 14 Jan 2026RM 188.9bRM 144.4bRM 11.9b13.9x15.8x1.3x
Fri, 12 Dec 2025RM 176.7bRM 144.4bRM 11.9b13.2x14.8x1.2x
Sun, 09 Nov 2025RM 195.8bRM 145.8bRM 12.2b15.2x16x1.3x
Tue, 07 Oct 2025RM 201.8bRM 145.9bRM 12.0b16.4x16.8x1.4x
Thu, 04 Sep 2025RM 194.7bRM 145.9bRM 12.0b15.7x16.2x1.3x
Sat, 02 Aug 2025RM 193.7bRM 148.7bRM 12.8b14.2x15.1x1.3x
Mon, 30 Jun 2025RM 193.4bRM 148.7bRM 12.8b13.3x15.1x1.3x
Wed, 28 May 2025RM 180.3bRM 149.0bRM 12.5b14.7x14.5x1.2x
Fri, 25 Apr 2025RM 176.4bRM 149.2bRM 12.8b14.5x13.8x1.2x
Sun, 23 Mar 2025RM 180.7bRM 149.2bRM 12.8b14.5x14.1x1.2x
Tue, 18 Feb 2025RM 183.9bRM 147.5bRM 12.1b12.6x15.1x1.2x
Thu, 16 Jan 2025RM 187.2bRM 147.5bRM 12.1b12.6x15.4x1.3x
Sat, 14 Dec 2024RM 186.2bRM 147.5bRM 12.1b12.3x15.3x1.3x
Mon, 11 Nov 2024RM 185.1bRM 145.3bRM 11.7b12.1x15.8x1.3x
Wed, 09 Oct 2024RM 192.3bRM 145.3bRM 11.8b12.5x16.3x1.3x
Fri, 06 Sep 2024RM 200.0bRM 145.3bRM 11.8b13.9x17x1.4x
Sun, 04 Aug 2024RM 206.7bRM 146.0bRM 10.2b17.9x20.3x1.4x
Tue, 02 Jul 2024RM 214.2bRM 146.0bRM 10.2b18.8x21.1x1.5x
Thu, 30 May 2024RM 214.7bRM 146.3bRM 10.3b18.9x20.9x1.5x
Sat, 27 Apr 2024RM 190.2bRM 147.2bRM 10.0b17.5x19x1.3x
Mon, 25 Mar 2024RM 178.3bRM 147.2bRM 10.0b18.1x17.9x1.2x
Wed, 21 Feb 2024RM 173.8bRM 150.1bRM 9.4b14.5x18.4x1.2x
Fri, 19 Jan 2024RM 162.2bRM 150.1bRM 9.4b14.8x17.2x1.1x
Sun, 17 Dec 2023RM 148.1bRM 150.1bRM 9.4b11.5x15.7x1x
Tue, 14 Nov 2023RM 140.2bRM 152.9bRM 8.5b11.5x16.4x0.9x
Thu, 12 Oct 2023RM 137.6bRM 152.8bRM 8.5b9.5x16.2x0.9x
Sat, 09 Sep 2023RM 138.1bRM 152.8bRM 8.5b9.4x16.3x0.9x
Mon, 07 Aug 2023RM 127.7bRM 149.0bRM 8.5b9.8x15.1x0.9x
Wed, 05 Jul 2023RM 121.0bRM 149.0bRM 8.5b10.1x14.3x0.8x
Fri, 02 Jun 2023RM 120.8bRM 149.0bRM 8.5b10x14.3x0.8x
Sun, 30 Apr 2023RM 114.7bRM 145.7bRM 8.5b11x13.6x0.8x
Tue, 28 Mar 2023RM 113.6bRM 145.7bRM 8.5b10.5x13.4x0.8x
Thu, 23 Feb 2023RM 115.0bRM 141.5bRM 8.4b12.2x13.7x0.8x
Price to Earnings Ratio

13.7x


Total Market Cap: RM 115.0bTotal Earnings: RM 8.4bTotal Revenue: RM 141.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16.1x202420252026
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 16.1x.
  • 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 13% 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 Market0.78%
Utilities-0.17%
Water Utilities1.38%
Gas Utilities0.25%
Electric Utilities0.14%
Renewable Energy-0.41%
Other Utilities-1.11%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 14.2% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 11.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 4.2% 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
TENAGA Tenaga Nasional BerhadRM 14.422.0%
+RM 1.6b		3.6%PE18.9x
PETGAS PETRONAS Gas BerhadRM 18.600.5%
+RM 197.9m		6.7%PE20.7x
MALAKOF Malakoff Corporation BerhadRM 0.813.9%
+RM 146.6m		-5.8%PE41x
GENERGY Wasco Greenergy BerhadRM 0.689.8%
+RM 30.0m		n/aPE14.9x
TALIWRK Taliworks Corporation BerhadRM 0.472.2%
+RM 20.2m		-39.2%PE11.2x

Latest News

GENERGY
RM 0.68
Wasco Greenergy Berhad
7D
9.8%
1Y
n/a
TENAGA
RM 14.42
Tenaga Nasional Berhad
7D
2.0%
1Y
3.6%
TALIWRK
RM 0.47
Taliworks Corporation Berhad
7D
2.2%
1Y
-39.2%
MFCB
RM 3.08
Mega First Corporation Berhad
7D
-4.0%
1Y
-28.0%

MFCB: Steady Fair Value Will Balance Softer Revenue And Margin Expectations

Analysts have kept their fair value estimate for Mega First Corporation Berhad steady at RM3.42, citing only minor tweaks to the discount rate, revenue growth and profit margin assumptions as well as a slightly higher future P/E multiple in their updated model. Valuation Changes Fair Value Estimate remains unchanged at RM3.42 per share.
YTLPOWR
RM 3.05
YTL Power International Berhad
7D
-1.6%
1Y
-9.8%

YTL Power International Berhad (KLSE:YTLPOWR) Has No Shortage Of Debt

Jan 30
YTL Power International Berhad (KLSE:YTLPOWR) Has No Shortage Of Debt
PETGAS
RM 18.60
PETRONAS Gas Berhad
7D
0.5%
1Y
6.7%

The Returns On Capital At PETRONAS Gas Berhad (KLSE:PETGAS) Don't Inspire Confidence

Jan 26
The Returns On Capital At PETRONAS Gas Berhad (KLSE:PETGAS) Don't Inspire Confidence
YTL
RM 1.98
YTL Corporation Berhad
7D
-2.5%
1Y
-3.4%

YTL Corporation Berhad (KLSE:YTL) Might Have The Makings Of A Multi-Bagger

Jan 25
YTL Corporation Berhad (KLSE:YTL) Might Have The Makings Of A Multi-Bagger
PBA
RM 1.96
PBA Holdings Bhd
7D
-0.5%
1Y
-2.5%
EDEN
RM 0.16
Eden Berhad
7D
3.2%
1Y
0%
RANHILL
RM 1.70
Ranhill Utilities Berhad
7D
0.6%
1Y
25.9%
MALAKOF
RM 0.81
Malakoff Corporation Berhad
7D
3.9%
1Y
-5.8%
SALCON
RM 0.24
Salcon Berhad
7D
2.1%
1Y
-11.1%
PUNCAK
RM 0.20
Puncak Niaga Holdings Berhad
7D
-4.7%
1Y
-2.4%