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Malaysian (KLSE) Electric Utilities Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies1
  • 7D1.4%
  • 3M0.7%
  • 1Y0.3%
  • YTD3.8%

Over the last 7 days, the Electric Utilities industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 4.0% per annum.

Industry Valuation and Performance

Has the Malaysian Electric Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026RM 83.4bRM 65.4bRM 4.8b17.3x17.3x1.3x
Sun, 10 May 2026RM 86.4bRM 65.0bRM 4.8b18.1x18.1x1.3x
Tue, 07 Apr 2026RM 81.6bRM 65.0bRM 4.8b17.1x17.1x1.3x
Thu, 05 Mar 2026RM 82.5bRM 65.0bRM 4.8b17.3x17.3x1.3x
Sat, 31 Jan 2026RM 81.3bRM 64.4bRM 4.5b18.2x18.2x1.3x
Mon, 29 Dec 2025RM 79.6bRM 64.4bRM 4.5b17.9x17.9x1.2x
Wed, 26 Nov 2025RM 76.4bRM 64.8bRM 4.8b16.1x16.1x1.2x
Fri, 24 Oct 2025RM 76.5bRM 64.8bRM 4.8b16.1x16.1x1.2x
Sun, 21 Sep 2025RM 78.0bRM 64.8bRM 4.8b16.4x16.4x1.2x
Tue, 19 Aug 2025RM 79.4bRM 65.7bRM 5.0b15.7x15.7x1.2x
Thu, 17 Jul 2025RM 79.7bRM 65.7bRM 5.0b15.8x15.8x1.2x
Sat, 14 Jun 2025RM 83.4bRM 65.7bRM 5.0b16.5x16.5x1.3x
Mon, 12 May 2025RM 83.4bRM 65.8bRM 4.7b17.7x17.7x1.3x
Wed, 09 Apr 2025RM 76.8bRM 65.8bRM 4.7b16.4x16.4x1.2x
Fri, 07 Mar 2025RM 80.6bRM 65.8bRM 4.7b17.1x17.1x1.2x
Sun, 02 Feb 2025RM 79.1bRM 65.5bRM 4.3b18.3x18.3x1.2x
Tue, 31 Dec 2024RM 86.3bRM 65.5bRM 4.3b19.9x19.9x1.3x
Thu, 28 Nov 2024RM 81.3bRM 64.4bRM 3.6b22.6x22.6x1.3x
Sat, 26 Oct 2024RM 83.6bRM 64.4bRM 3.6b23.2x23.2x1.3x
Mon, 23 Sep 2024RM 85.1bRM 64.4bRM 3.6b23.6x23.6x1.3x
Wed, 21 Aug 2024RM 81.4bRM 63.4bRM 2.5b32.8x32.8x1.3x
Fri, 19 Jul 2024RM 83.9bRM 63.4bRM 2.5b33.8x33.8x1.3x
Sun, 16 Jun 2024RM 81.5bRM 63.4bRM 2.5b32.8x32.8x1.3x
Tue, 14 May 2024RM 71.8bRM 63.7bRM 2.8b25.9x25.9x1.1x
Thu, 11 Apr 2024RM 67.5bRM 63.7bRM 2.8b24.4x24.4x1.1x
Sat, 09 Mar 2024RM 65.3bRM 63.7bRM 2.8b23.6x23.6x1x
Mon, 05 Feb 2024RM 62.9bRM 67.2bRM 3.0b21x21x0.9x
Wed, 03 Jan 2024RM 57.8bRM 67.2bRM 3.0b19.3x19.3x0.9x
Fri, 01 Dec 2023RM 57.8bRM 67.2bRM 3.0b19.3x19.3x0.9x
Sun, 29 Oct 2023RM 57.1bRM 70.8bRM 3.0b18.9x18.9x0.8x
Tue, 26 Sep 2023RM 58.7bRM 70.8bRM 3.0b19.4x19.4x0.8x
Thu, 24 Aug 2023RM 57.8bRM 73.8bRM 3.6b16.2x16.2x0.8x
Sat, 22 Jul 2023RM 52.7bRM 73.8bRM 3.6b14.8x14.8x0.7x
Mon, 19 Jun 2023RM 53.2bRM 73.8bRM 3.6b14.9x14.9x0.7x
Price to Earnings Ratio

14.9x


Total Market Cap: RM 53.2bTotal Earnings: RM 3.6bTotal Revenue: RM 73.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Electric Utilities Industry Price to Earnings3Y Average 19.9x202420252026
Current Industry PE
    There is only one company in the Malaysian Electric Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 10% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

MY Market-1.06%
Utilities-0.60%
Electric Utilities1.42%
Electric Utilities1.42%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TENAGA Tenaga Nasional BerhadRM 14.422.0%
+RM 1.6b		0.8%PE17.5x

Latest News

TENAGA
RM 14.42
Tenaga Nasional Berhad
7D
2.0%
1Y
0.8%
Narrative Update • May 29

TENAGA: Revised Risk Assumptions Will Support Closing The Current Valuation Gap

Analysts have lifted their fair value estimate for Tenaga Nasional Berhad from MYR15.93 to MYR16.41, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. These assumptions align with broader Street views on undervaluation and the potential for the valuation gap to narrow.