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

Malaysian (KLSE) Utilities Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies13
  • 7D2.8%
  • 3M3.8%
  • 1Y-0.6%
  • YTD-4.3%

The Utilities industry has gained 2.8% in the last week and Tenaga Nasional Berhad up 2.5%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 6.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025RM 199.3bRM 145.9bRM 12.0b16.1x16.6x1.4x
Wed, 13 Aug 2025RM 200.1bRM 148.7bRM 12.8b14.5x15.6x1.3x
Fri, 11 Jul 2025RM 199.1bRM 148.7bRM 12.8b14.4x15.5x1.3x
Sun, 08 Jun 2025RM 187.3bRM 148.7bRM 12.8b12.7x14.6x1.3x
Tue, 06 May 2025RM 182.9bRM 149.2bRM 12.8b14.6x14.3x1.2x
Thu, 03 Apr 2025RM 180.6bRM 149.2bRM 12.8b14.9x14.1x1.2x
Sat, 01 Mar 2025RM 178.1bRM 148.8bRM 12.4b12x14.4x1.2x
Mon, 27 Jan 2025RM 185.9bRM 147.5bRM 12.1b12.6x15.3x1.3x
Wed, 25 Dec 2024RM 197.7bRM 147.5bRM 12.1b14.7x16.3x1.3x
Fri, 22 Nov 2024RM 177.1bRM 145.3bRM 11.7b12.2x15.1x1.2x
Sun, 20 Oct 2024RM 192.8bRM 145.3bRM 11.8b12.7x16.3x1.3x
Tue, 17 Sep 2024RM 198.1bRM 145.3bRM 11.8b13.1x16.8x1.4x
Thu, 15 Aug 2024RM 208.0bRM 146.0bRM 10.2b18.3x20.5x1.4x
Sat, 13 Jul 2024RM 219.8bRM 146.0bRM 10.2b19.3x21.6x1.5x
Mon, 10 Jun 2024RM 214.9bRM 146.0bRM 10.2b19.1x21.1x1.5x
Wed, 08 May 2024RM 201.5bRM 147.2bRM 10.0b18.8x20.2x1.4x
Fri, 05 Apr 2024RM 179.8bRM 147.2bRM 10.0b18.2x18x1.2x
Sun, 03 Mar 2024RM 176.1bRM 147.2bRM 10.0b18x17.6x1.2x
Tue, 30 Jan 2024RM 169.6bRM 150.1bRM 9.4b14.6x18x1.1x
Thu, 28 Dec 2023RM 148.1bRM 150.1bRM 9.4b11.2x15.7x1x
Sat, 25 Nov 2023RM 140.6bRM 154.8bRM 9.7b10.6x14.5x0.9x
Mon, 23 Oct 2023RM 134.6bRM 152.8bRM 8.5b9.5x15.9x0.9x
Wed, 20 Sep 2023RM 140.8bRM 152.8bRM 8.5b9.5x16.6x0.9x
Fri, 18 Aug 2023RM 132.9bRM 149.1bRM 8.5b9.8x15.7x0.9x
Sun, 16 Jul 2023RM 122.2bRM 149.0bRM 8.5b10x14.4x0.8x
Tue, 13 Jun 2023RM 119.9bRM 149.0bRM 8.5b10.1x14.2x0.8x
Thu, 11 May 2023RM 115.5bRM 145.7bRM 8.5b11x13.6x0.8x
Sat, 08 Apr 2023RM 114.4bRM 145.7bRM 8.5b10.6x13.5x0.8x
Mon, 06 Mar 2023RM 113.3bRM 145.7bRM 8.5b10.6x13.4x0.8x
Wed, 01 Feb 2023RM 113.7bRM 141.0bRM 8.4b12.2x13.6x0.8x
Fri, 30 Dec 2022RM 114.0bRM 141.0bRM 8.4b11.5x13.6x0.8x
Sun, 27 Nov 2022RM 109.1bRM 139.4bRM 8.3b12.5x13.1x0.8x
Tue, 25 Oct 2022RM 106.9bRM 129.8bRM 8.5b13x12.6x0.8x
Thu, 22 Sep 2022RM 108.9bRM 129.8bRM 8.5b13.6x12.8x0.8x
Price to Earnings Ratio

12.8x


Total Market Cap: RM 108.9bTotal Earnings: RM 8.5bTotal Revenue: RM 129.8bTotal 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 12% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market1.24%
Utilities2.77%
Water Utilities11.14%
Renewable Energy5.37%
Other Utilities5.24%
Electric Utilities2.45%
Gas Utilities-1.64%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 24.9x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 24.9% 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 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 38% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.4% 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
YTL YTL Corporation BerhadRM 2.645.6%
+RM 1.6b		3.5%PE16.1x
YTLPOWR YTL Power International BerhadRM 4.242.2%
+RM 788.7m		15.8%PE15.2x
RANHILL Ranhill Utilities BerhadRM 1.9723.9%
+RM 492.5m		48.1%PE50.1x
TENAGA Tenaga Nasional BerhadRM 13.380.5%
+RM 349.7m		-9.5%PE16.4x
MALAKOF Malakoff Corporation BerhadRM 0.975.4%
+RM 244.3m		3.2%PE30.7x

Latest News

MALAKOF
RM 0.97
Malakoff Corporation Berhad
7D
5.4%
1Y
3.2%

The Returns On Capital At Malakoff Corporation Berhad (KLSE:MALAKOF) Don't Inspire Confidence

Sep 15
The Returns On Capital At Malakoff Corporation Berhad (KLSE:MALAKOF) Don't Inspire Confidence
YTLPOWR
RM 4.24
YTL Power International Berhad
7D
2.2%
1Y
15.8%

YTL Power International Berhad's (KLSE:YTLPOWR) Shares May Have Run Too Fast Too Soon

Sep 12
YTL Power International Berhad's (KLSE:YTLPOWR) Shares May Have Run Too Fast Too Soon
TENAGA
RM 13.38
Tenaga Nasional Berhad
7D
0.5%
1Y
-9.5%
GASMSIA
RM 4.31
Gas Malaysia Berhad
7D
0.2%
1Y
17.8%
YTL
RM 2.64
YTL Corporation Berhad
7D
5.6%
1Y
3.5%

Returns On Capital Are Showing Encouraging Signs At YTL Corporation Berhad (KLSE:YTL)

Sep 10
Returns On Capital Are Showing Encouraging Signs At YTL Corporation Berhad (KLSE:YTL)
RANHILL
RM 1.97
Ranhill Utilities Berhad
7D
23.9%
1Y
48.1%
TALIWRK
RM 0.53
Taliworks Corporation Berhad
7D
-2.8%
1Y
-32.5%
PETGAS
RM 18.34
PETRONAS Gas Berhad
7D
-1.9%
1Y
2.0%

AI And Infrastructure Developments Will Shape Malaysia's Energy Future

With consensus forecasts for both revenue growth (1.3% p.a.) and net profit margin (29.88%) effectively unchanged, analysts have maintained PETRONAS Gas Berhad's fair value at MYR18.75 per share. What's in the News Board to consider and approve the appointment of Izwan bin Ismail as Non-Independent Non-Executive Director.
PBA
RM 1.94
PBA Holdings Bhd
7D
-0.5%
1Y
-26.5%
MFCB
RM 3.70
Mega First Corporation Berhad
7D
5.4%
1Y
-17.8%

Don Sahong Extension And Renewable Projects Will Strengthen Long-Term Operations

The consensus price target for Mega First Corporation Berhad has been revised downward to MYR4.81, reflecting slight declines in both net profit margin and future P/E ratio. What's in the News Mega First Corporation Berhad initiates a share buyback program authorized to repurchase up to 10% of issued share capital.
PUNCAK
RM 0.21
Puncak Niaga Holdings Berhad
7D
7.7%
1Y
-23.6%

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