Malaysian (KLSE) Water Industry Analysis

UpdatedDec 18, 2025

DataAggregated Company Financials

Companies5

7D-0.2%
3M-7.1%
1Y-7.3%
YTDn/a

In the last week, Water has been flat. As for the longer term, the industry has declined 7.3% in the last year. As for the next few years, earnings are expected to grow by 19% 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
Thu, 18 Dec 2025	RM 4.2b	RM 3.8b	RM 198.0m	12.8x	21.2x	1.1x
Sat, 15 Nov 2025	RM 4.4b	RM 3.8b	RM 143.6m	16.2x	30.7x	1.2x
Mon, 13 Oct 2025	RM 4.7b	RM 3.9b	RM 144.2m	16.3x	32.8x	1.2x
Wed, 10 Sep 2025	RM 4.4b	RM 3.9b	RM 144.2m	16.5x	30.5x	1.1x
Fri, 08 Aug 2025	RM 4.0b	RM 3.9b	RM 174.8m	15.3x	23x	1x
Sun, 06 Jul 2025	RM 4.0b	RM 3.9b	RM 174.8m	15.5x	22.8x	1x
Tue, 03 Jun 2025	RM 3.9b	RM 3.9b	RM 174.8m	15.8x	22.6x	1x
Thu, 01 May 2025	RM 4.0b	RM 3.8b	RM 153.0m	18.9x	26.2x	1.1x
Sat, 29 Mar 2025	RM 4.2b	RM 3.8b	RM 153.0m	20.5x	27.2x	1.1x
Mon, 24 Feb 2025	RM 4.3b	RM 3.8b	RM 185.0m	20.1x	23.1x	1.1x
Wed, 22 Jan 2025	RM 4.4b	RM 3.8b	RM 186.6m	21.2x	23.8x	1.2x
Fri, 20 Dec 2024	RM 4.6b	RM 3.8b	RM 186.6m	21.5x	24.4x	1.2x
Sun, 17 Nov 2024	RM 4.6b	RM 3.8b	RM 172.7m	32.1x	26.3x	1.2x
Tue, 15 Oct 2024	RM 4.5b	RM 3.7b	RM 182.3m	33.2x	24.7x	1.2x
Thu, 12 Sep 2024	RM 4.6b	RM 3.7b	RM 182.3m	33.3x	25.1x	1.2x
Sat, 10 Aug 2024	RM 4.6b	RM 3.6b	RM 114.0m	35.3x	40.1x	1.3x
Mon, 08 Jul 2024	RM 4.9b	RM 3.6b	RM 114.0m	37.5x	43x	1.3x
Wed, 05 Jun 2024	RM 4.5b	RM 3.6b	RM 114.0m	34.4x	39.7x	1.2x
Fri, 03 May 2024	RM 4.2b	RM 3.6b	RM 114.4m	22x	36.7x	1.2x
Sun, 31 Mar 2024	RM 4.0b	RM 3.6b	RM 114.4m	21.1x	35.3x	1.1x
Tue, 27 Feb 2024	RM 4.5b	RM 3.4b	RM 138.5m	16x	32.6x	1.3x
Thu, 25 Jan 2024	RM 4.4b	RM 3.4b	RM 138.5m	14.7x	31.8x	1.3x
Sat, 23 Dec 2023	RM 3.6b	RM 3.4b	RM 138.5m	10.9x	26x	1.1x
Mon, 20 Nov 2023	RM 3.8b	RM 3.4b	RM 136.7m	11.3x	27.9x	1.1x
Wed, 18 Oct 2023	RM 3.0b	RM 3.2b	RM 172.2m	7.6x	17.6x	1x
Fri, 15 Sep 2023	RM 3.0b	RM 3.2b	RM 172.2m	7.9x	17.5x	1x
Sun, 13 Aug 2023	RM 3.0b	RM 3.0b	RM 190.8m	7.4x	15.5x	1x
Tue, 11 Jul 2023	RM 2.9b	RM 3.0b	RM 190.8m	7.1x	15.2x	1x
Thu, 08 Jun 2023	RM 2.9b	RM 3.0b	RM 190.8m	6.8x	15.3x	1x
Sat, 06 May 2023	RM 3.0b	RM 2.8b	RM 160.1m	8x	18.9x	1.1x
Mon, 03 Apr 2023	RM 2.9b	RM 2.8b	RM 161.5m	6.5x	18.1x	1x
Wed, 01 Mar 2023	RM 2.9b	RM 2.7b	RM 214.0m	6.1x	13.8x	1.1x
Fri, 27 Jan 2023	RM 3.0b	RM 2.7b	RM 145.4m	22.1x	20.4x	1.1x
Sun, 25 Dec 2022	RM 2.9b	RM 2.7b	RM 145.4m	19.9x	19.8x	1.1x

Price to Earnings Ratio

19.8x

Sun, 25 Dec 2022

Current Industry PE

Investors are pessimistic on the Malaysian Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 21.2x which is lower than its 3-year average PE of 25.6x.

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 grown 11% per year over the last three years.
Revenues for these companies have grown 12% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.