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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies1069
  • 7D-0.01%
  • 3M1.0%
  • 1Y11.0%
  • YTD2.6%

The market has been flat in the last week, however the Communication Services sector is down 4.7%. As for the longer term, the market has risen 11% in the past 12 months. As for the next few years, earnings are expected to grow by 9.0% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026RM 2.1tRM 1.3tRM 135.6b13.7x15.5x1.6x
Mon, 04 May 2026RM 2.1tRM 1.3tRM 123.9b14.2x17.1x1.6x
Wed, 01 Apr 2026RM 2.0tRM 1.3tRM 121.6b13.4x16.8x1.6x
Fri, 27 Feb 2026RM 2.1tRM 1.3tRM 126.7b14.3x16.6x1.6x
Sun, 25 Jan 2026RM 2.1tRM 1.3tRM 118.8b14.2x17.5x1.6x
Tue, 23 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.8x16.9x1.5x
Thu, 20 Nov 2025RM 2.0tRM 1.3tRM 113.4b14.3x17.4x1.5x
Sat, 18 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.6x17.6x1.5x
Mon, 15 Sep 2025RM 1.9tRM 1.3tRM 112.1b14.5x17.2x1.5x
Wed, 13 Aug 2025RM 1.9tRM 1.3tRM 115.8b13.8x16.4x1.5x
Fri, 11 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Sun, 08 Jun 2025RM 1.8tRM 1.3tRM 115.7b13.6x15.9x1.4x
Tue, 06 May 2025RM 1.8tRM 1.3tRM 118.3b13.9x15.6x1.4x
Thu, 03 Apr 2025RM 1.8tRM 1.3tRM 118.2b14.3x15.5x1.4x
Sat, 01 Mar 2025RM 1.9tRM 1.3tRM 117.3b13.9x16x1.5x
Mon, 27 Jan 2025RM 1.9tRM 1.3tRM 115.6b15x16.9x1.5x
Wed, 25 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.2x1.5x
Fri, 22 Nov 2024RM 1.9tRM 1.3tRM 111.3b15.6x17.5x1.5x
Sun, 20 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.6x17.5x1.6x
Tue, 17 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.4x1.6x
Thu, 15 Aug 2024RM 2.0tRM 1.2tRM 106.1b17.4x18.6x1.6x
Sat, 13 Jul 2024RM 2.0tRM 1.2tRM 105.7b18x19.1x1.6x
Mon, 10 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.2x19x1.6x
Wed, 08 May 2024RM 1.9tRM 1.2tRM 99.8b16.8x19.5x1.6x
Fri, 05 Apr 2024RM 1.9tRM 1.2tRM 99.5b16.4x18.9x1.6x
Sun, 03 Mar 2024RM 1.8tRM 1.2tRM 99.3b15.7x18.4x1.5x
Tue, 30 Jan 2024RM 1.8tRM 1.2tRM 82.9b15.9x22x1.5x
Thu, 28 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.4x21.2x1.4x
Sat, 25 Nov 2023RM 1.7tRM 1.2tRM 81.1b15.5x21.5x1.4x
Mon, 23 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.4x21.7x1.4x
Wed, 20 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.6x21.9x1.4x
Fri, 18 Aug 2023RM 1.7tRM 1.2tRM 81.3b15x21.2x1.4x
Sun, 16 Jul 2023RM 1.7tRM 1.2tRM 82.5b14x20.3x1.4x
Tue, 13 Jun 2023RM 1.6tRM 1.2tRM 82.9b13.9x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.9bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.2x202420252026
Current Market PE
  • Investors are pessimistic on the Malaysian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market-0.012%
Energy1.77%
Materials1.68%
Financials1.31%
Consumer Discretionary1.20%
Consumer Staples0.81%
Utilities-0.34%
Industrials-0.59%
Real Estate-0.93%
Healthcare-1.16%
Tech-2.48%
Telecom-4.74%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 72.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.3%, which is higher than its past year's earnings growth of 7.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
PBBANK Public Bank BerhadRM 4.873.4%
+RM 3.1b		14.3%PB1.6xFinancials
MAYBANK Malayan Banking BerhadRM 10.801.5%
+RM 1.9b		11.3%PB1.4xFinancials
PCHEM PETRONAS Chemicals Group BerhadRM 5.434.2%
+RM 1.8b		67.1%PS1.6xMaterials
PETDAG PETRONAS Dagangan BerhadRM 19.248.5%
+RM 1.5b		-8.4%PE17.6xConsumer Discretionary
RHBBANK RHB Bank BerhadRM 8.483.3%
+RM 1.2b		33.5%PB1.1xFinancials
See more

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Latest News

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RM 19.24
PETRONAS Dagangan Berhad
7D
8.5%
1Y
-8.4%
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There May Be Some Bright Spots In PETRONAS Dagangan Berhad's (KLSE:PETDAG) Earnings

PETRONAS Dagangan Berhad's ( KLSE:PETDAG ) stock was strong despite it releasing a soft earnings report last week. Our...
PCHEM
RM 5.43
PETRONAS Chemicals Group Berhad
7D
4.2%
1Y
67.1%
Narrative Update • Jun 04

PCHEM: Goldman Upgrade And Improving Profit Outlook Will Drive Future Re Rating

Narrative Update on PETRONAS Chemicals Group Berhad The consensus analyst price target for PETRONAS Chemicals Group Berhad is MYR7.05. Analysts attribute this target to adjusted assumptions for fair value, discount rate, revenue growth, profit margins and future P/E following recent supportive research updates.
CDB
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Celcomdigi Berhad
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CIMB
RM 7.39
CIMB Group Holdings Berhad
7D
-1.2%
1Y
8.0%
Narrative Update • Jun 01

CIMB: Future Returns Will Rely On Dividend Support And Indonesia Asset Upside

Analysts have trimmed their price target for CIMB Group Holdings Berhad from MYR9.18 to MYR9.05 as updated assumptions for discount rate, revenue growth, profit margin, and future P/E are factored into their valuation models. What's in the News CIMB launched CIMB Alumni, a purpose driven platform aimed at reconnecting past and present employees to support mentorship, philanthropy, volunteerism, knowledge sharing and collaboration across its regional network.
IHH
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IHH Healthcare Berhad
7D
-1.8%
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IHH: Higher Growth And Richer P/E Assumptions Will Support Bullish Outlook

Analysts have adjusted their fair value estimate for IHH Healthcare Berhad from MYR9.86 to MYR10.13 as they recalibrate assumptions around revenue growth, profit margins, discount rate and future P/E levels, leading to a modestly higher price target. What's in the News IHH Healthcare Berhad reported property, plant and equipment written off of MYR 1 million for the first quarter ended March 31, 2026, consistent with the MYR 1 million reported a year earlier (Key Developments).
RHBBANK
RM 8.48
RHB Bank Berhad
7D
3.3%
1Y
33.5%
Analysis Article • Jun 01

Earnings Update: RHB Bank Berhad (KLSE:RHBBANK) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

RHB Bank Berhad ( KLSE:RHBBANK ) came out with its quarterly results last week, and we wanted to see how the business...
MAYBANK
RM 10.80
Malayan Banking Berhad
7D
1.5%
1Y
11.3%
Analysis Article • May 31

Revenue Miss: Malayan Banking Berhad Fell 12% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The analysts might have been a bit too bullish on Malayan Banking Berhad ( KLSE:MAYBANK ), given that the company fell...
IOICORP
RM 4.17
IOI Corporation Berhad
7D
4.5%
1Y
14.6%
HLBANK
RM 21.32
Hong Leong Bank Berhad
7D
2.1%
1Y
8.8%
PBBANK
RM 4.87
Public Bank Berhad
7D
3.4%
1Y
14.3%
IOIPG
RM 4.35
IOI Properties Group Berhad
7D
3.6%
1Y
127.7%
TENAGA
RM 14.14
Tenaga Nasional Berhad
7D
-1.0%
1Y
-0.4%
Narrative Update • May 29

TENAGA: Revised Risk Assumptions Will Support Closing The Current Valuation Gap

Analysts have lifted their fair value estimate for Tenaga Nasional Berhad from MYR15.93 to MYR16.41, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. These assumptions align with broader Street views on undervaluation and the potential for the valuation gap to narrow.
TANCO
RM 1.59
Tanco Holdings Berhad
7D
-9.1%
1Y
54.4%
Analysis Article • May 28

Earnings Troubles May Signal Larger Issues for Tanco Holdings Berhad (KLSE:TANCO) Shareholders

A lackluster earnings announcement from Tanco Holdings Berhad ( KLSE:TANCO ) last week didn't sink the stock price. Our...
SIMEPROP
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Sime Darby Property Berhad
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SUNWAY
RM 5.28
Sunway Berhad
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10.0%
MAXIS
RM 3.30
Maxis Berhad
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-11.1%
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