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Malaysian (KLSE) Utilities Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies14
  • 7D1.1%
  • 3M-1.0%
  • 1Y-0.01%
  • YTD-1.4%

Last week, the Utilities industry hasn't moved much but YTL Power International Berhad is up 5.8% in that time. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 7.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026RM 183.7bRM 142.8bRM 11.7b14.4x15.8x1.3x
Sat, 28 Feb 2026RM 182.7bRM 143.2bRM 11.8b13.7x15.5x1.3x
Mon, 26 Jan 2026RM 191.2bRM 144.4bRM 11.9b14x16x1.3x
Wed, 24 Dec 2025RM 185.9bRM 144.4bRM 11.9b13.3x15.6x1.3x
Fri, 21 Nov 2025RM 192.2bRM 145.7bRM 12.3b13.9x15.7x1.3x
Sun, 19 Oct 2025RM 195.9bRM 145.9bRM 12.0b15.8x16.3x1.3x
Tue, 16 Sep 2025RM 199.3bRM 145.9bRM 12.0b16.1x16.6x1.4x
Thu, 14 Aug 2025RM 201.8bRM 148.7bRM 12.8b14.6x15.8x1.4x
Sat, 12 Jul 2025RM 199.1bRM 148.7bRM 12.8b14.4x15.5x1.3x
Mon, 09 Jun 2025RM 187.3bRM 148.7bRM 12.8b12.7x14.6x1.3x
Wed, 07 May 2025RM 183.7bRM 149.2bRM 12.8b14.7x14.4x1.2x
Fri, 04 Apr 2025RM 178.6bRM 149.2bRM 12.8b14.6x14x1.2x
Sun, 02 Mar 2025RM 178.1bRM 149.1bRM 12.7b12x14x1.2x
Tue, 28 Jan 2025RM 178.1bRM 147.5bRM 12.1b12.4x14.7x1.2x
Thu, 26 Dec 2024RM 197.7bRM 147.5bRM 12.1b14.7x16.3x1.3x
Sat, 23 Nov 2024RM 176.9bRM 145.4bRM 11.7b12.1x15.1x1.2x
Mon, 21 Oct 2024RM 192.8bRM 145.3bRM 11.8b12.7x16.3x1.3x
Wed, 18 Sep 2024RM 198.0bRM 145.3bRM 11.8b13.2x16.8x1.4x
Fri, 16 Aug 2024RM 208.2bRM 146.0bRM 10.2b18.5x20.5x1.4x
Sun, 14 Jul 2024RM 219.8bRM 146.0bRM 10.2b19.3x21.6x1.5x
Tue, 11 Jun 2024RM 214.9bRM 146.0bRM 10.2b19x21.1x1.5x
Thu, 09 May 2024RM 202.3bRM 147.2bRM 10.0b18.9x20.3x1.4x
Sat, 06 Apr 2024RM 179.4bRM 147.2bRM 10.0b18x18x1.2x
Mon, 04 Mar 2024RM 176.1bRM 147.2bRM 10.0b18x17.6x1.2x
Wed, 31 Jan 2024RM 171.6bRM 150.1bRM 9.4b14.7x18.2x1.1x
Fri, 29 Dec 2023RM 148.2bRM 150.1bRM 9.4b11.1x15.7x1x
Sun, 26 Nov 2023RM 140.6bRM 150.2bRM 9.5b10.6x14.8x0.9x
Tue, 24 Oct 2023RM 133.8bRM 152.8bRM 8.5b9.6x15.8x0.9x
Thu, 21 Sep 2023RM 140.0bRM 152.8bRM 8.5b9.4x16.5x0.9x
Sat, 19 Aug 2023RM 133.1bRM 149.1bRM 8.5b9.8x15.7x0.9x
Mon, 17 Jul 2023RM 122.2bRM 149.0bRM 8.5b10x14.4x0.8x
Wed, 14 Jun 2023RM 119.9bRM 149.0bRM 8.5b10x14.2x0.8x
Fri, 12 May 2023RM 115.8bRM 145.7bRM 8.5b11x13.7x0.8x
Sun, 09 Apr 2023RM 114.4bRM 145.7bRM 8.5b10.6x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: RM 114.4bTotal 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 Market0.13%
Utilities1.13%
Other Utilities5.11%
Renewable Energy4.87%
Gas Utilities3.56%
Water Utilities-1.97%
Electric Utilities-2.36%
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
YTLPOWR YTL Power International BerhadRM 3.085.8%
+RM 1.5b		-8.6%PE11.9x
PETGAS PETRONAS Gas BerhadRM 18.262.6%
+RM 910.2m		8.2%PE20.9x
YTL YTL Corporation BerhadRM 1.754.2%
+RM 813.0m		-12.1%PE11.1x
GASMSIA Gas Malaysia BerhadRM 5.908.5%
+RM 590.6m		35.3%PE19.8x
MALAKOF Malakoff Corporation BerhadRM 0.817.2%
+RM 268.8m		1.2%PE97.5x

Latest News

MFCB
RM 2.89
Mega First Corporation Berhad
7D
2.1%
1Y
-29.5%
GENERGY
RM 0.66
Wasco Greenergy Berhad
7D
2.3%
1Y
n/a
GASMSIA
RM 5.90
Gas Malaysia Berhad
7D
8.5%
1Y
35.3%
EDEN
RM 0.14
Eden Berhad
7D
-3.3%
1Y
-9.4%
RANHILL
RM 1.70
Ranhill Utilities Berhad
7D
-2.3%
1Y
40.5%
PUNCAK
RM 0.16
Puncak Niaga Holdings Berhad
7D
-3.0%
1Y
-17.9%
YTL
RM 1.75
YTL Corporation Berhad
7D
4.2%
1Y
-12.1%
TENAGA
RM 14.08
Tenaga Nasional Berhad
7D
-2.4%
1Y
2.3%

Is Tenaga Nasional Berhad (KLSE:TENAGA) Worth RM10.0 Based On Its Intrinsic Value?

Oct 10
Is Tenaga Nasional Berhad (KLSE:TENAGA) Worth RM10.0 Based On Its Intrinsic Value?
PETGAS
RM 18.26
PETRONAS Gas Berhad
7D
2.6%
1Y
8.2%
MALAKOF
RM 0.81
Malakoff Corporation Berhad
7D
7.2%
1Y
1.2%
YTLPOWR
RM 3.08
YTL Power International Berhad
7D
5.8%
1Y
-8.6%
TALIWRK
RM 0.39
Taliworks Corporation Berhad
7D
-3.8%
1Y
-44.6%
SALCON
RM 0.23
Salcon Berhad
7D
2.2%
1Y
-30.3%