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Malaysian (KLSE) Utilities Sector Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.0%
  • 3M-7.6%
  • 1Y-11.2%
  • YTD-0.2%

The Utilities is pretty flat in the last 7 days, but Ranhill Utilities Berhad has stood out, gaining 7.3%. Unfortunately though, the industry is down 11% over the past 12 months. Earnings are forecast to grow by 7.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026RM 186.0bRM 144.4bRM 11.9b13.5x15.6x1.3x
Thu, 04 Dec 2025RM 179.3bRM 144.2bRM 11.9b13x15x1.2x
Sat, 01 Nov 2025RM 197.7bRM 145.8bRM 12.0b16x16.5x1.4x
Mon, 29 Sep 2025RM 199.6bRM 145.9bRM 12.0b15.9x16.6x1.4x
Wed, 27 Aug 2025RM 198.3bRM 147.2bRM 12.4b15.1x16x1.3x
Fri, 25 Jul 2025RM 198.2bRM 148.7bRM 12.8b14.4x15.5x1.3x
Sun, 22 Jun 2025RM 187.8bRM 148.7bRM 12.8b13x14.7x1.3x
Tue, 20 May 2025RM 186.6bRM 149.2bRM 12.8b14.8x14.6x1.3x
Thu, 17 Apr 2025RM 173.4bRM 149.2bRM 12.8b14.2x13.6x1.2x
Sat, 15 Mar 2025RM 174.9bRM 149.2bRM 12.8b14.4x13.7x1.2x
Mon, 10 Feb 2025RM 183.2bRM 147.5bRM 12.1b12.4x15.1x1.2x
Wed, 08 Jan 2025RM 204.5bRM 147.5bRM 12.1b15.4x16.8x1.4x
Fri, 06 Dec 2024RM 188.2bRM 147.5bRM 12.1b13.3x15.5x1.3x
Sun, 03 Nov 2024RM 180.9bRM 145.3bRM 11.7b11.9x15.4x1.2x
Tue, 01 Oct 2024RM 195.4bRM 145.3bRM 11.8b12.9x16.6x1.3x
Thu, 29 Aug 2024RM 197.7bRM 144.4bRM 10.2b17.2x19.5x1.4x
Sat, 27 Jul 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Mon, 24 Jun 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Wed, 22 May 2024RM 213.0bRM 147.2bRM 10.0b20.1x21.3x1.4x
Fri, 19 Apr 2024RM 179.6bRM 147.2bRM 10.0b17.3x18x1.2x
Sun, 17 Mar 2024RM 176.1bRM 147.2bRM 10.0b17.8x17.6x1.2x
Tue, 13 Feb 2024RM 171.5bRM 150.1bRM 9.4b14.9x18.2x1.1x
Thu, 11 Jan 2024RM 162.5bRM 150.1bRM 9.4b13.5x17.2x1.1x
Sat, 09 Dec 2023RM 142.6bRM 150.1bRM 9.4b10.8x15.1x1x
Mon, 06 Nov 2023RM 141.2bRM 152.9bRM 8.5b10.5x16.5x0.9x
Wed, 04 Oct 2023RM 135.9bRM 152.8bRM 8.5b9.3x16x0.9x
Fri, 01 Sep 2023RM 138.5bRM 152.8bRM 8.5b9.4x16.3x0.9x
Sun, 30 Jul 2023RM 125.7bRM 149.0bRM 8.5b9.8x14.8x0.8x
Tue, 27 Jun 2023RM 119.4bRM 149.0bRM 8.5b9.8x14.1x0.8x
Thu, 25 May 2023RM 119.8bRM 146.6bRM 8.5b10.2x14.1x0.8x
Sat, 22 Apr 2023RM 114.9bRM 145.7bRM 8.5b10.7x13.6x0.8x
Mon, 20 Mar 2023RM 113.9bRM 145.7bRM 8.5b10.2x13.5x0.8x
Wed, 15 Feb 2023RM 118.1bRM 141.0bRM 8.4b12.2x14.1x0.8x
Fri, 13 Jan 2023RM 113.5bRM 141.0bRM 8.4b12.2x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: RM 113.5bTotal Earnings: RM 8.4bTotal Revenue: RM 141.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16x202420252026
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 16.0x.
  • The 3-year average PS ratio of 1.1x 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 12% 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 Market0.42%
Utilities-0.97%
Renewable Energy2.15%
Water Utilities0.46%
Gas Utilities-0.97%
Electric Utilities-1.01%
Other Utilities-1.46%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 19.2%, which is lower than the prior year's growth of 36.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 11.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 3.9% 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
RANHILL Ranhill Utilities BerhadRM 1.777.3%
+RM 155.5m		14.9%PE45.5x
MALAKOF Malakoff Corporation BerhadRM 0.831.8%
+RM 73.3m		-4.0%PE42.6x
MFCB Mega First Corporation BerhadRM 3.380.9%
+RM 28.3m		-27.9%PE7.8x
PUNCAK Puncak Niaga Holdings BerhadRM 0.2311.9%
+RM 11.2m		0%PS0.5x
EDEN Eden BerhadRM 0.173.1%
+RM 2.5m		3.1%PE3.4x

Latest News

GASMSIA
RM 4.33
Gas Malaysia Berhad
7D
-0.9%
1Y
-1.4%
EDEN
RM 0.17
Eden Berhad
7D
3.1%
1Y
3.1%
RANHILL
RM 1.77
Ranhill Utilities Berhad
7D
7.3%
1Y
14.9%
TENAGA
RM 13.58
Tenaga Nasional Berhad
7D
-1.5%
1Y
-5.2%

Is Tenaga Nasional Berhad (KLSE:TENAGA) Trading At A 29% Discount?

Dec 31
Is Tenaga Nasional Berhad (KLSE:TENAGA) Trading At A 29% Discount?
PETGAS
RM 18.18
PETRONAS Gas Berhad
7D
-1.2%
1Y
2.4%

Estimating The Fair Value Of PETRONAS Gas Berhad (KLSE:PETGAS)

Dec 19
Estimating The Fair Value Of PETRONAS Gas Berhad (KLSE:PETGAS)
MFCB
RM 3.38
Mega First Corporation Berhad
7D
0.9%
1Y
-27.9%

MFCB: Dividend Payout Will Offset Softer Earnings Outlook Ahead

Analysts have trimmed their price target on Mega First Corporation Berhad from RM3.68 to RM3.42, citing slightly higher perceived risk, softer revenue growth expectations, and modestly lower profit margin forecasts, partially offset by a higher anticipated future P/E multiple. What's in the News Board declares an interim single tier dividend of 4.75 sen per ordinary share for the financial year ending 31 December 2025, which signals confidence in cash flow and earnings sustainability (Key Developments).
GENERGY
RM 0.77
Wasco Greenergy Berhad
7D
0.7%
1Y
n/a
YTLPOWR
RM 3.29
YTL Power International Berhad
7D
-3.2%
1Y
-26.9%

YTL Power International Berhad's (KLSE:YTLPOWR) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Dec 04
YTL Power International Berhad's (KLSE:YTLPOWR) Sluggish Earnings Might Be Just The Beginning Of Its Problems
MALAKOF
RM 0.83
Malakoff Corporation Berhad
7D
1.8%
1Y
-4.0%
SALCON
RM 0.24
Salcon Berhad
7D
-2.0%
1Y
-10.9%
YTL
RM 2.03
YTL Corporation Berhad
7D
-1.9%
1Y
-25.6%

This Is The Reason Why We Think YTL Corporation Berhad's (KLSE:YTL) CEO Might Be Underpaid

Nov 27
This Is The Reason Why We Think YTL Corporation Berhad's (KLSE:YTL) CEO Might Be Underpaid
PUNCAK
RM 0.23
Puncak Niaga Holdings Berhad
7D
11.9%
1Y
0%
PBA
RM 1.86
PBA Holdings Bhd
7D
-1.6%
1Y
-14.7%

Investors Shouldn't Be Too Comfortable With PBA Holdings Bhd's (KLSE:PBA) Earnings

Nov 26
Investors Shouldn't Be Too Comfortable With PBA Holdings Bhd's (KLSE:PBA) Earnings
TALIWRK
RM 0.50
Taliworks Corporation Berhad
7D
-1.0%
1Y
-35.9%

We Like The Quality Of Taliworks Corporation Berhad's (KLSE:TALIWRK) Earnings

Nov 26
We Like The Quality Of Taliworks Corporation Berhad's (KLSE:TALIWRK) Earnings