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Malaysian (KLSE) Utilities Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies14
  • 7D1.6%
  • 3M1.6%
  • 1Y9.4%
  • YTD2.9%

The Utilities industry is up 1.6% in the last week, with Tenaga Nasional Berhad up 1.3%. This means that the industry has gained 9.4% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026RM 191.9bRM 142.8bRM 11.7b14.2x16.5x1.3x
Thu, 12 Mar 2026RM 177.5bRM 142.8bRM 11.7b14x15.2x1.2x
Sat, 07 Feb 2026RM 184.2bRM 144.4bRM 11.9b13.4x15.4x1.3x
Mon, 05 Jan 2026RM 186.3bRM 144.4bRM 11.9b13.8x15.6x1.3x
Wed, 03 Dec 2025RM 179.3bRM 144.2bRM 11.9b13x15.1x1.2x
Fri, 31 Oct 2025RM 197.4bRM 145.8bRM 12.0b15.9x16.4x1.4x
Sun, 28 Sep 2025RM 199.6bRM 145.9bRM 12.0b15.9x16.6x1.4x
Tue, 26 Aug 2025RM 202.6bRM 147.2bRM 12.4b15.6x16.3x1.4x
Thu, 24 Jul 2025RM 197.2bRM 148.7bRM 12.8b14x15.4x1.3x
Sat, 21 Jun 2025RM 187.8bRM 148.7bRM 12.8b13x14.7x1.3x
Mon, 19 May 2025RM 189.3bRM 149.2bRM 12.8b14.9x14.8x1.3x
Wed, 16 Apr 2025RM 174.4bRM 149.2bRM 12.8b14.2x13.6x1.2x
Fri, 14 Mar 2025RM 172.3bRM 149.2bRM 12.8b14.3x13.5x1.2x
Sun, 09 Feb 2025RM 183.2bRM 147.5bRM 12.1b12.4x15.1x1.2x
Tue, 07 Jan 2025RM 205.3bRM 147.5bRM 12.1b15.4x16.9x1.4x
Thu, 05 Dec 2024RM 188.6bRM 147.5bRM 12.1b13.3x15.5x1.3x
Sat, 02 Nov 2024RM 180.9bRM 145.3bRM 11.7b11.9x15.4x1.2x
Mon, 30 Sep 2024RM 196.2bRM 145.3bRM 11.8b12.8x16.6x1.4x
Wed, 28 Aug 2024RM 199.2bRM 144.4bRM 10.2b17.4x19.6x1.4x
Fri, 26 Jul 2024RM 213.0bRM 146.0bRM 10.2b18.8x21x1.5x
Sun, 23 Jun 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Tue, 21 May 2024RM 213.0bRM 147.2bRM 10.0b20x21.3x1.4x
Thu, 18 Apr 2024RM 177.1bRM 147.2bRM 10.0b17.3x17.7x1.2x
Sat, 16 Mar 2024RM 176.1bRM 147.2bRM 10.0b17.8x17.6x1.2x
Mon, 12 Feb 2024RM 171.5bRM 150.1bRM 9.4b14.9x18.2x1.1x
Wed, 10 Jan 2024RM 163.5bRM 150.1bRM 9.4b13.3x17.3x1.1x
Fri, 08 Dec 2023RM 139.7bRM 150.1bRM 9.4b10.7x14.8x0.9x
Sun, 05 Nov 2023RM 141.2bRM 152.9bRM 8.5b10.5x16.5x0.9x
Tue, 03 Oct 2023RM 135.9bRM 152.8bRM 8.5b9.4x16x0.9x
Thu, 31 Aug 2023RM 138.5bRM 152.8bRM 8.5b9.4x16.3x0.9x
Sat, 29 Jul 2023RM 125.7bRM 149.0bRM 8.5b9.8x14.8x0.8x
Mon, 26 Jun 2023RM 119.2bRM 149.0bRM 8.5b9.8x14.1x0.8x
Wed, 24 May 2023RM 120.2bRM 146.6bRM 8.5b10.3x14.1x0.8x
Fri, 21 Apr 2023RM 114.9bRM 145.7bRM 8.5b10.7x13.6x0.8x
Price to Earnings Ratio

13.6x


Total Market Cap: RM 114.9bTotal 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 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.3x.
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 Market0.58%
Utilities1.56%
Water Utilities3.41%
Other Utilities2.62%
Electric Utilities1.29%
Gas Utilities0.77%
Renewable Energy0.44%
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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.6x.
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
TENAGA Tenaga Nasional BerhadRM 14.322.3%
+RM 1.9b		6.5%PE17.5x
YTLPOWR YTL Power International BerhadRM 3.724.8%
+RM 1.5b		15.2%PE14.3x
YTL YTL Corporation BerhadRM 1.995.3%
+RM 1.2b		6.4%PE12.7x
PETGAS PETRONAS Gas BerhadRM 18.261.8%
+RM 633.2m		11.9%PE20.9x
MALAKOF Malakoff Corporation BerhadRM 0.909.1%
+RM 366.5m		14.0%PE107x

Latest News

MALAKOF
RM 0.90
Malakoff Corporation Berhad
7D
9.1%
1Y
14.0%

Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings

Apr 09
Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings
YTL
RM 1.99
YTL Corporation Berhad
7D
5.3%
1Y
6.4%
YTLPOWR
RM 3.72
YTL Power International Berhad
7D
4.8%
1Y
15.2%
GASMSIA
RM 5.60
Gas Malaysia Berhad
7D
0.2%
1Y
37.3%
PETGAS
RM 18.26
PETRONAS Gas Berhad
7D
1.8%
1Y
11.9%
TENAGA
RM 14.32
Tenaga Nasional Berhad
7D
2.3%
1Y
6.5%
SALCON
RM 0.23
Salcon Berhad
7D
-2.2%
1Y
-29.7%
RANHILL
RM 1.85
Ranhill Utilities Berhad
7D
6.3%
1Y
52.9%
PUNCAK
RM 0.19
Puncak Niaga Holdings Berhad
7D
18.8%
1Y
-2.6%
GENERGY
RM 0.64
Wasco Greenergy Berhad
7D
-3.8%
1Y
n/a