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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.6%
  • 3M-3.9%
  • 1Y-3.1%
  • YTD-4.0%

In the last week, the Utilities industry is flat overall, with YTL Corporation Berhad standing out by going down 3.5%. Unfortunately though, the industry is down 3.1% over the past 12 months. Earnings are forecast to grow by 7.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026RM 178.9bRM 142.8bRM 11.7b14.1x15.3x1.3x
Thu, 19 Feb 2026RM 187.6bRM 144.5bRM 11.9b14.3x15.7x1.3x
Sat, 17 Jan 2026RM 192.0bRM 144.4bRM 11.9b13.9x16.1x1.3x
Mon, 15 Dec 2025RM 181.2bRM 144.4bRM 11.9b13.3x15.2x1.3x
Wed, 12 Nov 2025RM 196.1bRM 145.8bRM 12.2b15.8x16x1.3x
Fri, 10 Oct 2025RM 201.4bRM 145.9bRM 12.0b16.2x16.8x1.4x
Sun, 07 Sep 2025RM 193.9bRM 145.9bRM 12.0b15.6x16.1x1.3x
Tue, 05 Aug 2025RM 193.9bRM 148.7bRM 12.8b14.1x15.1x1.3x
Thu, 03 Jul 2025RM 199.5bRM 148.7bRM 12.8b13.9x15.6x1.3x
Sat, 31 May 2025RM 180.4bRM 148.7bRM 12.8b12.7x14.1x1.2x
Mon, 28 Apr 2025RM 177.9bRM 149.2bRM 12.8b14.5x13.9x1.2x
Wed, 26 Mar 2025RM 181.4bRM 149.2bRM 12.8b14.4x14.2x1.2x
Fri, 21 Feb 2025RM 182.2bRM 147.7bRM 12.1b12x15x1.2x
Sun, 19 Jan 2025RM 187.6bRM 147.5bRM 12.1b12.4x15.5x1.3x
Tue, 17 Dec 2024RM 185.9bRM 147.5bRM 12.1b12.5x15.3x1.3x
Thu, 14 Nov 2024RM 185.5bRM 145.3bRM 11.7b12.1x15.8x1.3x
Sat, 12 Oct 2024RM 194.2bRM 145.3bRM 11.8b12.6x16.5x1.3x
Mon, 09 Sep 2024RM 195.7bRM 145.3bRM 11.8b12.8x16.6x1.3x
Wed, 07 Aug 2024RM 198.0bRM 146.0bRM 10.2b17.3x19.5x1.4x
Fri, 05 Jul 2024RM 222.0bRM 146.0bRM 10.2b19.4x21.8x1.5x
Sun, 02 Jun 2024RM 208.0bRM 146.3bRM 10.5b17.9x19.9x1.4x
Tue, 30 Apr 2024RM 195.1bRM 147.2bRM 10.0b18.4x19.5x1.3x
Thu, 28 Mar 2024RM 174.7bRM 147.2bRM 10.0b18.1x17.5x1.2x
Sat, 24 Feb 2024RM 176.4bRM 151.3bRM 10.6b14.4x16.7x1.2x
Mon, 22 Jan 2024RM 163.5bRM 150.1bRM 9.4b15.1x17.3x1.1x
Wed, 20 Dec 2023RM 148.7bRM 150.1bRM 9.4b11.1x15.8x1x
Fri, 17 Nov 2023RM 142.3bRM 153.1bRM 8.5b10.9x16.7x0.9x
Sun, 15 Oct 2023RM 137.8bRM 152.8bRM 8.5b9.4x16.3x0.9x
Tue, 12 Sep 2023RM 137.7bRM 152.8bRM 8.5b9.4x16.2x0.9x
Thu, 10 Aug 2023RM 129.6bRM 149.0bRM 8.5b9.8x15.3x0.9x
Sat, 08 Jul 2023RM 120.3bRM 149.0bRM 8.5b9.8x14.2x0.8x
Mon, 05 Jun 2023RM 120.9bRM 149.0bRM 8.5b10x14.3x0.8x
Wed, 03 May 2023RM 114.7bRM 145.7bRM 8.5b11x13.6x0.8x
Fri, 31 Mar 2023RM 113.1bRM 145.7bRM 8.5b10.4x13.4x0.8x
Price to Earnings Ratio

13.4x


Total Market Cap: RM 113.1bTotal 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 Market0.36%
Utilities-0.61%
Renewable Energy1.84%
Electric Utilities0.70%
Water Utilities-0.26%
Other Utilities-0.92%
Gas Utilities-3.34%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to 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 17.861.5%
+RM 514.5m		4.6%PE20.5x
TENAGA Tenaga Nasional BerhadRM 14.280.6%
+RM 466.3m		5.0%PE17.5x
GASMSIA Gas Malaysia BerhadRM 5.321.3%
+RM 89.9m		28.5%PE17.9x
YTLPOWR YTL Power International BerhadRM 2.870%
RM 31.3k		-16.6%PE11x

Latest News

PETGAS
RM 17.86
PETRONAS Gas Berhad
7D
1.5%
1Y
4.6%
MFCB
RM 2.84
Mega First Corporation Berhad
7D
-0.7%
1Y
-30.7%
TENAGA
RM 14.28
Tenaga Nasional Berhad
7D
0.6%
1Y
5.0%
PBA
RM 1.81
PBA Holdings Bhd
7D
-2.7%
1Y
-13.0%
SALCON
RM 0.23
Salcon Berhad
7D
-2.2%
1Y
-31.8%
RANHILL
RM 1.70
Ranhill Utilities Berhad
7D
-0.6%
1Y
39.3%
YTLPOWR
RM 2.87
YTL Power International Berhad
7D
0%
1Y
-16.6%
YTL
RM 1.67
YTL Corporation Berhad
7D
-3.5%
1Y
-20.1%
PUNCAK
RM 0.16
Puncak Niaga Holdings Berhad
7D
-8.6%
1Y
-15.8%
GASMSIA
RM 5.32
Gas Malaysia Berhad
7D
1.3%
1Y
28.5%
TALIWRK
RM 0.40
Taliworks Corporation Berhad
7D
-4.8%
1Y
-42.9%