Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Utilities Sector Analysis

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies13
  • 7D1.5%
  • 3M7.9%
  • 1Y-0.8%
  • YTD-2.6%

The Utilities industry is up 1.5% in the last week, with YTL Corporation Berhad up 4.3%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 4.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Aug 2025RM 203.1bRM 148.7bRM 12.8b14.7x15.9x1.4x
Sat, 19 Jul 2025RM 196.5bRM 148.7bRM 12.8b14.1x15.3x1.3x
Mon, 16 Jun 2025RM 190.0bRM 148.7bRM 12.8b12.9x14.8x1.3x
Wed, 14 May 2025RM 190.3bRM 149.2bRM 12.8b15.2x14.9x1.3x
Fri, 11 Apr 2025RM 170.1bRM 149.2bRM 12.8b13.9x13.3x1.1x
Sun, 09 Mar 2025RM 175.9bRM 149.2bRM 12.8b14.5x13.8x1.2x
Tue, 04 Feb 2025RM 176.8bRM 147.5bRM 12.1b12.4x14.6x1.2x
Thu, 02 Jan 2025RM 206.3bRM 147.5bRM 12.1b15.1x17x1.4x
Sat, 30 Nov 2024RM 183.6bRM 147.5bRM 12.1b12.8x15.1x1.2x
Mon, 28 Oct 2024RM 182.6bRM 145.3bRM 11.8b12.5x15.5x1.3x
Wed, 25 Sep 2024RM 203.3bRM 145.3bRM 11.8b13.8x17.2x1.4x
Fri, 23 Aug 2024RM 203.7bRM 144.3bRM 10.1b18.1x20.2x1.4x
Sun, 21 Jul 2024RM 216.7bRM 146.0bRM 10.2b18.9x21.3x1.5x
Tue, 18 Jun 2024RM 217.2bRM 146.0bRM 10.2b18.7x21.4x1.5x
Thu, 16 May 2024RM 206.0bRM 147.2bRM 10.0b19.4x20.6x1.4x
Sat, 13 Apr 2024RM 179.6bRM 147.2bRM 10.0b18x18x1.2x
Mon, 11 Mar 2024RM 172.9bRM 147.2bRM 10.0b17.8x17.3x1.2x
Wed, 07 Feb 2024RM 168.6bRM 150.1bRM 9.4b14.1x17.9x1.1x
Fri, 05 Jan 2024RM 157.2bRM 150.1bRM 9.4b14x16.7x1x
Sun, 03 Dec 2023RM 140.1bRM 150.1bRM 9.4b10.4x14.9x0.9x
Tue, 31 Oct 2023RM 135.9bRM 152.8bRM 8.5b9.8x16x0.9x
Thu, 28 Sep 2023RM 138.1bRM 152.8bRM 8.5b9.4x16.3x0.9x
Sat, 26 Aug 2023RM 135.4bRM 155.5bRM 9.4b10.2x14.4x0.9x
Mon, 24 Jul 2023RM 122.6bRM 149.0bRM 8.5b9.8x14.5x0.8x
Wed, 21 Jun 2023RM 119.0bRM 149.0bRM 8.5b9.9x14x0.8x
Fri, 19 May 2023RM 120.5bRM 145.7bRM 8.5b10.5x14.2x0.8x
Sun, 16 Apr 2023RM 115.2bRM 145.7bRM 8.5b10.6x13.6x0.8x
Tue, 14 Mar 2023RM 113.2bRM 145.7bRM 8.5b10.3x13.4x0.8x
Thu, 09 Feb 2023RM 113.8bRM 141.0bRM 8.4b12.2x13.6x0.8x
Sat, 07 Jan 2023RM 113.5bRM 141.0bRM 8.4b11.8x13.5x0.8x
Mon, 05 Dec 2022RM 113.4bRM 141.0bRM 8.4b11.6x13.5x0.8x
Wed, 02 Nov 2022RM 107.1bRM 129.8bRM 8.5b13.1x12.6x0.8x
Fri, 30 Sep 2022RM 105.0bRM 129.8bRM 8.5b12.8x12.4x0.8x
Sun, 28 Aug 2022RM 111.6bRM 123.1bRM 8.4b13.6x13.3x0.9x
Price to Earnings Ratio

13.3x


Total Market Cap: RM 111.6bTotal Earnings: RM 8.4bTotal Revenue: RM 123.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 15.7x202320242025
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 15.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 6.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

MY Market0.84%
Utilities1.46%
Other Utilities2.64%
Water Utilities1.03%
Electric Utilities1.03%
Gas Utilities0.89%
Renewable Energy-0.62%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.7x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 46.2% per year.
  • Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
YTL YTL Corporation BerhadRM 2.684.3%
+RM 1.3b		-12.4%PE16.4x
MFCB Mega First Corporation BerhadRM 3.560.6%
+RM 18.8m		-21.1%PE7.9x
PUNCAK Puncak Niaga Holdings BerhadRM 0.2011.4%
+RM 8.9m		-35.0%PS0.4x

Latest News

MFCB
RM 3.56
Mega First Corporation Berhad
7D
0.6%
1Y
-21.1%
TENAGA
RM 13.66
Tenaga Nasional Berhad
7D
-1.0%
1Y
-1.7%

Does Tenaga Nasional Berhad (KLSE:TENAGA) Deserve A Spot On Your Watchlist?

Aug 11
Does Tenaga Nasional Berhad (KLSE:TENAGA) Deserve A Spot On Your Watchlist?
RANHILL
RM 1.39
Ranhill Utilities Berhad
7D
-0.7%
1Y
1.5%
YTLPOWR
RM 4.24
YTL Power International Berhad
7D
-1.2%
1Y
13.1%
PBA
RM 1.97
PBA Holdings Bhd
7D
-0.5%
1Y
7.1%
YTL
RM 2.68
YTL Corporation Berhad
7D
4.3%
1Y
-12.4%

Market Might Still Lack Some Conviction On YTL Corporation Berhad (KLSE:YTL) Even After 25% Share Price Boost

Jun 27
Market Might Still Lack Some Conviction On YTL Corporation Berhad (KLSE:YTL) Even After 25% Share Price Boost
PETGAS
RM 18.74
PETRONAS Gas Berhad
7D
-1.0%
1Y
2.4%
PUNCAK
RM 0.20
Puncak Niaga Holdings Berhad
7D
11.4%
1Y
-35.0%

Puncak Niaga Holdings Berhad's (KLSE:PUNCAK) Returns On Capital Are Heading Higher

May 29
Puncak Niaga Holdings Berhad's (KLSE:PUNCAK) Returns On Capital Are Heading Higher
MALAKOF
RM 0.93
Malakoff Corporation Berhad
7D
-2.1%
1Y
1.1%
TALIWRK
RM 0.54
Taliworks Corporation Berhad
7D
-1.8%
1Y
-31.2%
GASMSIA
RM 4.30
Gas Malaysia Berhad
7D
-1.4%
1Y
17.5%