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Nov 26
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Malaysian (KLSE) Water Industry Analysis
UpdatedDec 29, 2025
DataAggregated Company Financials
Companies5
- 7D-0.2%
- 3M-7.3%
- 1Y-9.6%
- YTDn/a
Over the last 7 days, the Water industry has remained flat, although notably Salcon Berhad gained 8.5%. As for the longer term, the industry has declined 9.6% 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 |
|---|---|---|---|---|---|---|
| Mon, 29 Dec 2025 | RM 4.2b | RM 3.8b | RM 198.0m | 13.5x | 21.2x | 1.1x |
| Wed, 26 Nov 2025 | RM 4.5b | RM 3.7b | RM 178.4m | 14x | 25.1x | 1.2x |
| Fri, 24 Oct 2025 | RM 4.5b | RM 3.9b | RM 144.2m | 16.4x | 31.2x | 1.2x |
| Sun, 21 Sep 2025 | RM 4.5b | RM 3.9b | RM 144.2m | 16x | 30.9x | 1.2x |
| Tue, 19 Aug 2025 | RM 4.0b | RM 3.9b | RM 174.8m | 14.4x | 22.7x | 1x |
| Thu, 17 Jul 2025 | RM 4.0b | RM 3.9b | RM 174.8m | 15.4x | 22.9x | 1x |
| Sat, 14 Jun 2025 | RM 3.9b | RM 3.9b | RM 174.8m | 15.6x | 22x | 1x |
| Mon, 12 May 2025 | RM 4.1b | RM 3.8b | RM 152.6m | 18.9x | 26.7x | 1.1x |
| Wed, 09 Apr 2025 | RM 3.8b | RM 3.8b | RM 153.0m | 18.6x | 25.2x | 1x |
| Fri, 07 Mar 2025 | RM 4.1b | RM 3.8b | RM 153.0m | 18.7x | 26.9x | 1.1x |
| Sun, 02 Feb 2025 | RM 4.3b | RM 3.8b | RM 186.6m | 21.1x | 23.2x | 1.1x |
| Tue, 31 Dec 2024 | RM 4.7b | RM 3.8b | RM 186.6m | 21.9x | 25.3x | 1.2x |
| Thu, 28 Nov 2024 | RM 4.5b | RM 3.8b | RM 186.6m | 21.5x | 24.1x | 1.2x |
| Sat, 26 Oct 2024 | RM 4.5b | RM 3.7b | RM 182.3m | 33.1x | 24.4x | 1.2x |
| Mon, 23 Sep 2024 | RM 4.7b | RM 3.7b | RM 182.3m | 34.1x | 25.6x | 1.3x |
| Wed, 21 Aug 2024 | RM 4.5b | RM 3.6b | RM 108.5m | 36x | 41.4x | 1.2x |
| Fri, 19 Jul 2024 | RM 4.9b | RM 3.6b | RM 114.0m | 37.8x | 43x | 1.3x |
| Sun, 16 Jun 2024 | RM 4.9b | RM 3.6b | RM 114.0m | 37.1x | 42.6x | 1.3x |
| Tue, 14 May 2024 | RM 4.5b | RM 3.6b | RM 116.8m | 26.2x | 38.3x | 1.3x |
| Thu, 11 Apr 2024 | RM 4.1b | RM 3.6b | RM 114.4m | 20.7x | 35.6x | 1.1x |
| Sat, 09 Mar 2024 | RM 3.9b | RM 3.6b | RM 114.4m | 21.2x | 34.4x | 1.1x |
| Mon, 05 Feb 2024 | RM 4.3b | RM 3.4b | RM 138.5m | 14.4x | 31x | 1.3x |
| Wed, 03 Jan 2024 | RM 4.0b | RM 3.4b | RM 138.5m | 11.7x | 28.7x | 1.2x |
| Fri, 01 Dec 2023 | RM 3.6b | RM 3.4b | RM 138.5m | 10.8x | 25.8x | 1.1x |
| Sun, 29 Oct 2023 | RM 3.0b | RM 3.2b | RM 172.2m | 7.1x | 17.1x | 0.9x |
| Tue, 26 Sep 2023 | RM 3.1b | RM 3.2b | RM 172.2m | 8.4x | 18x | 1x |
| Thu, 24 Aug 2023 | RM 3.1b | RM 3.2b | RM 196.7m | 7.6x | 15.5x | 1x |
| Sat, 22 Jul 2023 | RM 2.9b | RM 3.0b | RM 190.8m | 6.9x | 15.4x | 1x |
| Mon, 19 Jun 2023 | RM 2.9b | RM 3.0b | RM 190.8m | 6.9x | 15.3x | 1x |
| Wed, 17 May 2023 | RM 3.0b | RM 2.9b | RM 187.3m | 7.9x | 16.1x | 1.1x |
| Fri, 14 Apr 2023 | RM 3.1b | RM 2.8b | RM 161.5m | 8x | 18.9x | 1.1x |
| Sun, 12 Mar 2023 | RM 2.9b | RM 2.8b | RM 161.5m | 6.7x | 18.2x | 1x |
| Tue, 07 Feb 2023 | RM 3.0b | RM 2.7b | RM 145.4m | 22.1x | 20.7x | 1.1x |
| Thu, 05 Jan 2023 | RM 2.9b | RM 2.7b | RM 145.4m | 19.9x | 19.7x | 1.1x |
Price to Earnings Ratio
19.7x
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 25.7x.
- 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 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.
Industry Comparison
How does Malaysian Water compare with similar industries?
| MY Market | 0.48% | |
| Utilities | 1.31% | |
| Water Utilities | -0.23% | |
| Water | -0.23% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SALCON Salcon Berhad | RM 0.26 | 8.5% +RM 22.7m | -7.3% | PE15.2x | |
| TALIWRK Taliworks Corporation Berhad | RM 0.51 | 1.0% +RM 10.1m | -34.8% | PE11.9x | |
| PBA PBA Holdings Bhd | RM 1.90 | 1.1% +RM 6.6m | -17.0% | PE4.4x |
