Malaysian (KLSE) Water Industry Analysis

UpdatedApr 03, 2026

DataAggregated Company Financials

Companies5

7D-1.3%
3M-6.9%
1Y-5.0%
YTDn/a

Over the last 7 days, the Water industry has dropped 2.0%, driven by Ranhill Utilities Berhad declining 1.7%. The industry has fallen 5.1% in the last year. Earnings are forecast to grow by 22% annually.

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
Fri, 03 Apr 2026	RM 3.9b	RM 3.8b	RM 237.2m	16.2x	16.5x	1x
Sun, 01 Mar 2026	RM 4.2b	RM 3.8b	RM 274.3m	12.3x	15.2x	1.1x
Tue, 27 Jan 2026	RM 4.3b	RM 3.8b	RM 198.0m	12.7x	21.6x	1.1x
Thu, 25 Dec 2025	RM 4.2b	RM 3.8b	RM 198.0m	13.7x	21.4x	1.1x
Sat, 22 Nov 2025	RM 4.4b	RM 3.7b	RM 178.4m	14.1x	24.6x	1.2x
Mon, 20 Oct 2025	RM 4.5b	RM 3.9b	RM 144.2m	16.6x	31.2x	1.2x
Wed, 17 Sep 2025	RM 4.6b	RM 3.9b	RM 144.2m	16.3x	32.2x	1.2x
Fri, 15 Aug 2025	RM 4.0b	RM 3.9b	RM 174.8m	14.5x	22.6x	1x
Sun, 13 Jul 2025	RM 4.1b	RM 3.9b	RM 174.8m	15.6x	23.3x	1x
Tue, 10 Jun 2025	RM 3.9b	RM 3.9b	RM 174.8m	15.4x	22.1x	1x
Thu, 08 May 2025	RM 4.1b	RM 3.8b	RM 153.0m	18.7x	26.6x	1.1x
Sat, 05 Apr 2025	RM 4.0b	RM 3.8b	RM 153.0m	19.3x	26.2x	1.1x
Mon, 03 Mar 2025	RM 4.2b	RM 3.8b	RM 153.0m	18.9x	27.4x	1.1x
Wed, 29 Jan 2025	RM 4.2b	RM 3.8b	RM 186.6m	20.7x	22.4x	1.1x
Fri, 27 Dec 2024	RM 4.6b	RM 3.8b	RM 186.6m	21.9x	24.7x	1.2x
Sun, 24 Nov 2024	RM 4.4b	RM 3.8b	RM 170.4m	31.5x	25.7x	1.2x
Tue, 22 Oct 2024	RM 4.5b	RM 3.7b	RM 182.3m	33x	24.6x	1.2x
Thu, 19 Sep 2024	RM 4.6b	RM 3.7b	RM 182.3m	33.7x	25.3x	1.2x
Sat, 17 Aug 2024	RM 4.6b	RM 3.6b	RM 108.5m	37x	42.1x	1.3x
Mon, 15 Jul 2024	RM 4.9b	RM 3.6b	RM 114.0m	37.3x	42.6x	1.3x
Wed, 12 Jun 2024	RM 5.0b	RM 3.6b	RM 114.0m	36.9x	43.7x	1.4x
Fri, 10 May 2024	RM 4.6b	RM 3.6b	RM 109.4m	27.8x	42.4x	1.3x
Sun, 07 Apr 2024	RM 4.0b	RM 3.6b	RM 114.4m	20.7x	35.1x	1.1x
Tue, 05 Mar 2024	RM 4.0b	RM 3.6b	RM 114.4m	21.8x	35.1x	1.1x
Thu, 01 Feb 2024	RM 4.4b	RM 3.4b	RM 138.5m	14.5x	31.5x	1.3x
Sat, 30 Dec 2023	RM 3.8b	RM 3.4b	RM 138.5m	11.1x	27.3x	1.1x
Mon, 27 Nov 2023	RM 3.7b	RM 3.4b	RM 138.5m	11.1x	26.7x	1.1x
Wed, 25 Oct 2023	RM 3.0b	RM 3.2b	RM 172.2m	7.3x	17.2x	0.9x
Fri, 22 Sep 2023	RM 3.1b	RM 3.2b	RM 172.2m	8.2x	17.8x	1x
Sun, 20 Aug 2023	RM 3.0b	RM 3.1b	RM 195.9m	7.7x	15.6x	1x
Tue, 18 Jul 2023	RM 2.9b	RM 3.0b	RM 190.8m	7.1x	15.5x	1x
Thu, 15 Jun 2023	RM 2.9b	RM 3.0b	RM 190.8m	6.9x	15.4x	1x
Sat, 13 May 2023	RM 3.0b	RM 2.9b	RM 187.3m	8x	16.1x	1.1x
Mon, 10 Apr 2023	RM 3.0b	RM 2.8b	RM 161.5m	7.3x	18.7x	1.1x

Price to Earnings Ratio

18.7x

Mon, 10 Apr 2023

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 16.5x which is lower than its 3-year average PE of 25.7x.

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 14% per year over the last three years.
Revenues for these companies have grown 11% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.