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Malaysian (KLSE) Market Analysis & Valuation

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies1066
  • 7D1.6%
  • 3M-0.1%
  • 1Y14.4%
  • YTD2.5%

The market has climbed 1.6% in the last 7 days, lead by the Financials sector with a gain of 3.3%. Meanwhile, the Materials sector has underperformed, shrinking 3.8% in that time. The market is up 14% over the last 12 months. 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
Wed, 22 Apr 2026RM 2.1tRM 1.3tRM 123.6b14.1x17x1.6x
Fri, 20 Mar 2026RM 2.1tRM 1.3tRM 122.5b13.6x16.9x1.6x
Sun, 15 Feb 2026RM 2.1tRM 1.3tRM 119.5b14.1x17.5x1.6x
Tue, 13 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.1x17.4x1.6x
Thu, 11 Dec 2025RM 2.0tRM 1.3tRM 115.1b13.7x17x1.5x
Sat, 08 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.5x1.5x
Mon, 06 Oct 2025RM 2.0tRM 1.3tRM 111.9b15.1x17.8x1.5x
Wed, 03 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.4x16.9x1.5x
Fri, 01 Aug 2025RM 1.9tRM 1.3tRM 115.9b13.8x16.1x1.4x
Sun, 29 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.8x16x1.4x
Tue, 27 May 2025RM 1.9tRM 1.3tRM 117.7b14x15.7x1.4x
Thu, 24 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.6x15.2x1.4x
Sat, 22 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.4x15.3x1.4x
Mon, 17 Feb 2025RM 1.9tRM 1.3tRM 114.0b14.8x17x1.5x
Wed, 15 Jan 2025RM 2.0tRM 1.3tRM 114.8b15.2x17x1.5x
Fri, 13 Dec 2024RM 2.0tRM 1.3tRM 114.8b15.4x17.3x1.5x
Sun, 10 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.6x17.3x1.6x
Tue, 08 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.4x1.6x
Thu, 05 Sep 2024RM 2.0tRM 1.3tRM 112.8b15.7x17.5x1.6x
Sat, 03 Aug 2024RM 2.0tRM 1.2tRM 105.9b17.4x18.6x1.6x
Mon, 01 Jul 2024RM 2.0tRM 1.4tRM 115.9b17.2x17x1.5x
Wed, 29 May 2024RM 2.0tRM 1.2tRM 101.0b17.6x19.7x1.6x
Fri, 26 Apr 2024RM 1.9tRM 1.2tRM 99.7b16.5x19x1.6x
Sun, 24 Mar 2024RM 1.9tRM 1.2tRM 99.7b16.2x18.6x1.5x
Tue, 20 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.8x22.2x1.5x
Thu, 18 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.7x1.5x
Sat, 16 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.2x21.1x1.4x
Mon, 13 Nov 2023RM 1.7tRM 1.2tRM 79.9b15.9x21.7x1.4x
Wed, 11 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.6x21.8x1.4x
Fri, 08 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.8x21.8x1.4x
Sun, 06 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Tue, 04 Jul 2023RM 1.6tRM 1.2tRM 82.8b13.8x19.9x1.3x
Thu, 01 Jun 2023RM 1.6tRM 1.3tRM 46.8b13.6x35.2x1.3x
Sat, 29 Apr 2023RM 1.7tRM 1.2tRM 119.0b13.3x14.1x1.4x
Price to Earnings Ratio

14.1x


Total Market Cap: RM 1.7tTotal Earnings: RM 119.0bTotal 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 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 18.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.5% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market1.59%
Tech9.38%
Financials3.26%
Industrials3.00%
Real Estate2.00%
Consumer Discretionary1.95%
Telecom1.73%
Utilities1.10%
Consumer Staples0.40%
Healthcare-0.082%
Materials-3.84%
Energy-3.85%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 65.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.0% which is higher than its past year's earnings decline of 1.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 1.2% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.6% 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 4.763.5%
+RM 3.1b		8.2%PB1.5xFinancials
CIMB CIMB Group Holdings BerhadRM 7.743.2%
+RM 2.6b		13.0%PB1.2xFinancials
TENAGA Tenaga Nasional BerhadRM 14.522.7%
+RM 2.2b		7.6%PE17.8xUtilities
GAMUDA Gamuda BerhadRM 4.468.0%
+RM 2.0b		14.7%PE25.9xIndustrials
MAYBANK Malayan Banking BerhadRM 11.221.4%
+RM 1.9b		12.8%PB1.5xFinancials
See more

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TENAGA
RM 14.52
Tenaga Nasional Berhad
7D
2.7%
1Y
7.6%
CIMB
RM 7.74
CIMB Group Holdings Berhad
7D
3.2%
1Y
13.0%
PPB
RM 11.28
PPB Group Berhad
7D
-3.8%
1Y
-6.2%
MAXIS
RM 3.54
Maxis Berhad
7D
-1.4%
1Y
-1.1%
PCHEM
RM 5.22
PETRONAS Chemicals Group Berhad
7D
-7.3%
1Y
58.2%

PCHEM: Goldman Upgrade And Dividend Support Will Drive Future Re Rating

Analysts have lifted their price target for PETRONAS Chemicals Group Berhad from MYR 6.90 to about MYR 7.05, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent research support for the stock. Analyst Commentary Recent research points to a more constructive tone around PETRONAS Chemicals Group Berhad, with bullish analysts updating their models and lifting fair value assumptions.
TOPGLOV
RM 0.71
Top Glove Corporation Bhd
7D
-5.9%
1Y
-16.9%
PBBANK
RM 4.76
Public Bank Berhad
7D
3.5%
1Y
8.2%
MAYBANK
RM 11.22
Malayan Banking Berhad
7D
1.4%
1Y
12.8%
YTLPOWR
RM 3.85
YTL Power International Berhad
7D
4.6%
1Y
18.8%
DIALOG
RM 2.17
Dialog Group Berhad
7D
-4.4%
1Y
68.2%
YINSON
RM 2.13
Yinson Holdings Berhad
7D
-9.0%
1Y
19.0%
GAMUDA
RM 4.46
Gamuda Berhad
7D
8.0%
1Y
14.7%
PMETAL
RM 7.86
Press Metal Aluminium Holdings Berhad
7D
-1.9%
1Y
65.5%
HLBANK
RM 22.62
Hong Leong Bank Berhad
7D
2.8%
1Y
15.1%
KLK
RM 20.66
Kuala Lumpur Kepong Berhad
7D
-3.9%
1Y
4.0%
99SMART
RM 3.53
99 Speed Mart Retail Holdings Berhad
7D
3.5%
1Y
58.3%

Analyst Estimates: Here's What Brokers Think Of 99 Speed Mart Retail Holdings Berhad (KLSE:99SMART) After Its Yearly Report

Feb 16
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