Malaysian (KLSE) Water Industry Analysis

UpdatedNov 08, 2025

DataAggregated Company Financials

Companies5

7D-3.9%
3M8.8%
1Y-2.3%
YTDn/a

Over the last 7 days, the Water industry has dropped 3.9%, driven by pullbacks from every company within the industry. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Malaysian Water Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 09 Nov 2025	RM 4.3b	RM 3.8b	RM 143.6m	15.7x	30.1x	1.1x
Tue, 07 Oct 2025	RM 4.7b	RM 3.9b	RM 144.2m	16.5x	32.8x	1.2x
Thu, 04 Sep 2025	RM 4.2b	RM 3.9b	RM 144.2m	16.8x	29.5x	1.1x
Sat, 02 Aug 2025	RM 3.9b	RM 3.9b	RM 174.8m	14.6x	22.5x	1x
Mon, 30 Jun 2025	RM 3.8b	RM 3.9b	RM 174.8m	15.3x	21.7x	1x
Wed, 28 May 2025	RM 4.0b	RM 3.8b	RM 153.3m	19.3x	26x	1x
Fri, 25 Apr 2025	RM 4.0b	RM 3.8b	RM 153.0m	19.4x	26.1x	1.1x
Sun, 23 Mar 2025	RM 4.1b	RM 3.8b	RM 153.0m	19.3x	26.5x	1.1x
Tue, 18 Feb 2025	RM 4.3b	RM 3.8b	RM 186.6m	20.2x	23.2x	1.1x
Thu, 16 Jan 2025	RM 4.5b	RM 3.8b	RM 186.6m	21.5x	23.9x	1.2x
Sat, 14 Dec 2024	RM 4.5b	RM 3.8b	RM 186.6m	21.4x	24.2x	1.2x
Mon, 11 Nov 2024	RM 4.4b	RM 3.7b	RM 182.3m	32.9x	24.1x	1.2x
Wed, 09 Oct 2024	RM 4.5b	RM 3.7b	RM 182.3m	33x	24.6x	1.2x
Fri, 06 Sep 2024	RM 4.6b	RM 3.7b	RM 182.3m	33.7x	25.2x	1.2x
Sun, 04 Aug 2024	RM 4.7b	RM 3.6b	RM 114.0m	36.3x	41.3x	1.3x
Tue, 02 Jul 2024	RM 4.6b	RM 3.6b	RM 114.0m	35.1x	40.7x	1.3x
Thu, 30 May 2024	RM 4.5b	RM 3.6b	RM 122.4m	26.1x	37.1x	1.3x
Sat, 27 Apr 2024	RM 4.1b	RM 3.6b	RM 114.4m	21.2x	36.2x	1.2x
Mon, 25 Mar 2024	RM 4.0b	RM 3.6b	RM 114.4m	21.8x	35.2x	1.1x
Wed, 21 Feb 2024	RM 4.4b	RM 3.4b	RM 138.5m	14.5x	31.5x	1.3x
Fri, 19 Jan 2024	RM 4.4b	RM 3.4b	RM 138.5m	16.3x	31.5x	1.3x
Sun, 17 Dec 2023	RM 3.7b	RM 3.4b	RM 138.5m	11.5x	26.5x	1.1x
Tue, 14 Nov 2023	RM 3.8b	RM 3.2b	RM 168.6m	11.8x	22.6x	1.2x
Thu, 12 Oct 2023	RM 3.0b	RM 3.2b	RM 172.2m	7.6x	17.6x	1x
Sat, 09 Sep 2023	RM 3.1b	RM 3.2b	RM 172.2m	8.3x	17.8x	1x
Mon, 07 Aug 2023	RM 3.0b	RM 3.0b	RM 190.8m	7.6x	15.6x	1x
Wed, 05 Jul 2023	RM 2.9b	RM 3.0b	RM 190.8m	7x	15.3x	1x
Fri, 02 Jun 2023	RM 2.9b	RM 3.0b	RM 190.8m	7x	15.4x	1x
Sun, 30 Apr 2023	RM 3.0b	RM 2.8b	RM 160.1m	8.1x	19x	1.1x
Tue, 28 Mar 2023	RM 2.9b	RM 2.8b	RM 161.5m	6.3x	17.8x	1x
Thu, 23 Feb 2023	RM 2.9b	RM 2.7b	RM 154.2m	19.3x	19x	1.1x
Sat, 21 Jan 2023	RM 2.9b	RM 2.7b	RM 145.4m	20.4x	19.7x	1.1x
Mon, 19 Dec 2022	RM 2.8b	RM 2.7b	RM 145.4m	19.3x	19.5x	1.1x
Wed, 16 Nov 2022	RM 2.8b	RM 2.7b	RM 143.7m	20.7x	19.5x	1.1x

Price to Earnings Ratio

19.5x

Wed, 16 Nov 2022

Current Industry PE

Investors are optimistic on the Malaysian Water Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 30.1x which is higher than its 3-year average PE of 25.5x.

The industry is trading close to its 3-year average PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Water Utilities industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 12% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.