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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies1053
  • 7D2.1%
  • 3M3.5%
  • 1Y5.6%
  • YTD3.1%

The market is up 2.1% over the last week, with the Financials sector leading the way, up 3.6%. As for the past 12 months, the market is up 5.6%. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

Has the Malaysian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.2x17.5x1.6x
Sat, 13 Dec 2025RM 2.0tRM 1.3tRM 119.1b13.7x16.6x1.5x
Mon, 10 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.5x1.5x
Wed, 08 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.7x1.5x
Fri, 05 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Sun, 03 Aug 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Tue, 01 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Thu, 29 May 2025RM 1.8tRM 1.3tRM 117.5b13.9x15.7x1.4x
Sat, 26 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Mon, 24 Mar 2025RM 1.8tRM 2.3tRM 194.8b14.3x9.3x0.8x
Wed, 19 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.7x16.8x1.5x
Fri, 17 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.1x16.8x1.5x
Sun, 15 Dec 2024RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.6x
Tue, 12 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.8x17.2x1.5x
Thu, 10 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Sat, 07 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.5x17.4x1.6x
Mon, 05 Aug 2024RM 2.0tRM 1.2tRM 105.9b17.5x18.6x1.6x
Wed, 03 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.4x18.8x1.6x
Fri, 31 May 2024RM 2.0tRM 1.2tRM 102.6b17.3x19.3x1.6x
Sun, 28 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.5x19.1x1.6x
Tue, 26 Mar 2024RM 1.9tRM 1.2tRM 99.7b16x18.6x1.5x
Thu, 22 Feb 2024RM 1.8tRM 1.2tRM 82.8b15.8x22.3x1.5x
Sat, 20 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Mon, 18 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.2x21.2x1.4x
Wed, 15 Nov 2023RM 1.7tRM 1.2tRM 80.0b15.9x21.8x1.4x
Fri, 13 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.8x22x1.4x
Sun, 10 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Tue, 08 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Thu, 06 Jul 2023RM 1.6tRM 1.2tRM 82.5b13.8x20x1.3x
Sat, 03 Jun 2023RM 1.6tRM 1.2tRM 82.8b13.7x19.8x1.3x
Mon, 01 May 2023RM 1.7tRM 1.2tRM 118.6b13.3x14.1x1.4x
Wed, 29 Mar 2023RM 1.7tRM 1.2tRM 118.8b13.4x13.9x1.4x
Fri, 24 Feb 2023RM 1.7tRM 1.2tRM 105.2b13.8x16.2x1.4x
Sun, 22 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.2x12.4x1.4x
Price to Earnings Ratio

12.4x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.8bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.8x202420252026
Current Market PE
  • Investors are relatively neutral on the Malaysian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.8x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 5.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market2.05%
Financials3.60%
Real Estate3.23%
Consumer Discretionary2.73%
Energy2.47%
Utilities2.40%
Tech2.02%
Consumer Staples1.44%
Materials1.16%
Industrials1.13%
Telecom0.57%
Healthcare-0.51%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 37.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.9%, which is higher than its past year's earnings growth of 0.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 21.6x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 0.2% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
MAYBANK Malayan Banking BerhadRM 11.043.4%
+RM 4.3b		8.9%PB1.4xFinancials
CIMB CIMB Group Holdings BerhadRM 8.353.6%
+RM 3.1b		6.4%PB1.3xFinancials
PBBANK Public Bank BerhadRM 4.673.1%
+RM 2.7b		6.1%PB1.5xFinancials
IOIPG IOI Properties Group BerhadRM 3.0513.4%
+RM 2.0b		39.9%PE10.1xReal Estate
YTL YTL Corporation BerhadRM 2.197.9%
+RM 1.9b		0%PE12.9xUtilities
See more

Market Insights

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Latest News

IOIPG
RM 3.05
IOI Properties Group Berhad
7D
13.4%
1Y
39.9%
PMETAL
RM 7.30
Press Metal Aluminium Holdings Berhad
7D
2.7%
1Y
51.5%

With EPS Growth And More, Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Makes An Interesting Case

Jan 12
With EPS Growth And More, Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Makes An Interesting Case
IHH
RM 8.45
IHH Healthcare Berhad
7D
-1.5%
1Y
19.0%

Investor Optimism Abounds IHH Healthcare Berhad (KLSE:IHH) But Growth Is Lacking

Jan 12
Investor Optimism Abounds IHH Healthcare Berhad (KLSE:IHH) But Growth Is Lacking
AXIATA
RM 2.53
Axiata Group Berhad
7D
-1.2%
1Y
10.5%

AXIATA: Edotco Monetisation Will Support Higher Margins Despite Revenue Headwinds

Analysts have maintained their price target on Axiata Group Berhad at RM3.92, citing updated assumptions that combine a sharper projected revenue decline with a higher expected profit margin and a modestly lower forward P/E multiple. What's in the News Axiata has held an Analyst and Investor Day, giving the market an opportunity to hear updated views from management on the business and capital allocation priorities.
CIMB
RM 8.35
CIMB Group Holdings Berhad
7D
3.6%
1Y
6.4%
PCHEM
RM 3.27
PETRONAS Chemicals Group Berhad
7D
-2.7%
1Y
-29.7%

PCHEM: Earnings Will Reflect Softer Margins And Cautious Cycle Expectations

Analysts have slightly trimmed their fair value estimate for PETRONAS Chemicals Group Berhad to RM3.42 from RM3.43, citing updated modeling assumptions for discount rates, revenue growth, profit margins and future P/E that are intended to better reflect potential downside risks highlighted in recent sector research. Analyst Commentary Bullish Takeaways Bullish analysts view the modest trim in fair value to RM3.42 as a refinement of assumptions rather than a thesis change.
MCEMENT
RM 7.68
Malayan Cement Berhad
7D
-3.5%
1Y
61.3%

These 4 Measures Indicate That Malayan Cement Berhad (KLSE:MCEMENT) Is Using Debt Safely

Jan 07
These 4 Measures Indicate That Malayan Cement Berhad (KLSE:MCEMENT) Is Using Debt Safely
SUNCON
RM 5.87
Sunway Construction Group Berhad
7D
-2.7%
1Y
50.5%

We Think Sunway Construction Group Berhad (KLSE:SUNCON) Can Manage Its Debt With Ease

Jan 06
We Think Sunway Construction Group Berhad (KLSE:SUNCON) Can Manage Its Debt With Ease
YTL
RM 2.19
YTL Corporation Berhad
7D
7.9%
1Y
0%

The Market Doesn't Like What It Sees From YTL Corporation Berhad's (KLSE:YTL) Earnings Yet

Jan 06
The Market Doesn't Like What It Sees From YTL Corporation Berhad's (KLSE:YTL) Earnings Yet
MRDIY
RM 1.73
Mr D.I.Y. Group (M) Berhad
7D
10.9%
1Y
1.8%

Mr D.I.Y. Group (M) Berhad's (KLSE:MRDIY) Share Price Not Quite Adding Up

Jan 05
Mr D.I.Y. Group (M) Berhad's (KLSE:MRDIY) Share Price Not Quite Adding Up
GAMUDA
RM 4.81
Gamuda Berhad
7D
-1.2%
1Y
8.1%

Gamuda Berhad (KLSE:GAMUDA) Seems To Use Debt Quite Sensibly

Jan 04
Gamuda Berhad (KLSE:GAMUDA) Seems To Use Debt Quite Sensibly
MAYBANK
RM 11.04
Malayan Banking Berhad
7D
3.4%
1Y
8.9%
FAREAST
RM 4.10
Far East Holdings Berhad
7D
-6.8%
1Y
17.1%

Returns On Capital Are Showing Encouraging Signs At Far East Holdings Berhad (KLSE:FAREAST)

Dec 22
Returns On Capital Are Showing Encouraging Signs At Far East Holdings Berhad (KLSE:FAREAST)
NESTLE
RM 118.50
Nestlé (Malaysia) Berhad
7D
-2.9%
1Y
27.4%

We Think Nestlé (Malaysia) Berhad (KLSE:NESTLE) Can Stay On Top Of Its Debt

Dec 10
We Think Nestlé (Malaysia) Berhad (KLSE:NESTLE) Can Stay On Top Of Its Debt
HLFG
RM 20.42
Hong Leong Financial Group Berhad
7D
7.7%
1Y
13.7%
PBBANK
RM 4.67
Public Bank Berhad
7D
3.1%
1Y
6.1%

Here's What Analysts Are Forecasting For Public Bank Berhad (KLSE:PBBANK) After Its Third-Quarter Results

Nov 19
Here's What Analysts Are Forecasting For Public Bank Berhad (KLSE:PBBANK) After Its Third-Quarter Results