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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies1081
  • 7D0.3%
  • 3M0.6%
  • 1Y10.5%
  • YTD3.3%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 5.5%. Meanwhile, the market is actually up 11% over the past year. 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
Wed, 22 Jul 2026RM 2.1tRM 1.3tRM 136.6b13.6x15.5x1.6x
Fri, 19 Jun 2026RM 2.1tRM 1.3tRM 136.3b13.6x15.4x1.6x
Sun, 17 May 2026RM 2.1tRM 1.3tRM 124.1b14.3x17.3x1.6x
Tue, 14 Apr 2026RM 2.1tRM 1.3tRM 121.6b13.6x16.9x1.6x
Thu, 12 Mar 2026RM 2.0tRM 1.3tRM 122.2b13.8x16.7x1.6x
Sat, 07 Feb 2026RM 2.1tRM 1.3tRM 118.9b13.8x17.4x1.6x
Mon, 05 Jan 2026RM 2.0tRM 1.3tRM 118.7b14.1x17x1.5x
Wed, 03 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.6x17.2x1.5x
Fri, 31 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.6x17.7x1.5x
Sun, 28 Sep 2025RM 2.0tRM 1.3tRM 112.1b14.8x17.5x1.5x
Tue, 26 Aug 2025RM 1.9tRM 1.3tRM 113.1b14.7x17x1.5x
Thu, 24 Jul 2025RM 1.9tRM 1.3tRM 115.7b13.8x16.2x1.4x
Sat, 21 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.4x15.7x1.4x
Mon, 19 May 2025RM 1.9tRM 1.3tRM 118.5b14.3x15.9x1.5x
Wed, 16 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.7x15x1.4x
Fri, 14 Mar 2025RM 1.8tRM 1.3tRM 118.2b14x15.2x1.4x
Sun, 09 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17x1.5x
Tue, 07 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Thu, 05 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.5x17.4x1.6x
Sat, 02 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.5x17.2x1.5x
Mon, 30 Sep 2024RM 2.0tRM 1.3tRM 113.3b15.7x17.6x1.6x
Wed, 28 Aug 2024RM 2.0tRM 1.2tRM 108.3b16.5x18.3x1.6x
Fri, 26 Jul 2024RM 2.0tRM 1.2tRM 105.9b18.1x19x1.6x
Sun, 23 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.9x1.6x
Tue, 21 May 2024RM 2.0tRM 1.2tRM 100.2b17.5x20x1.7x
Thu, 18 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.3x18.7x1.5x
Sat, 16 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.6x1.5x
Mon, 12 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.5x21.9x1.5x
Wed, 10 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.9x1.5x
Fri, 08 Dec 2023RM 1.7tRM 1.2tRM 82.9b15.1x20.8x1.4x
Sun, 05 Nov 2023RM 1.7tRM 1.2tRM 79.6b15.5x21.8x1.4x
Tue, 03 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.6x21.5x1.4x
Thu, 31 Aug 2023RM 1.7tRM 1.2tRM 78.5b15.7x22.1x1.4x
Sat, 29 Jul 2023RM 1.7tRM 1.2tRM 82.3b14.6x20.8x1.4x
Price to Earnings Ratio

20.8x


Total Market Cap: RM 1.7tTotal Earnings: RM 82.3bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18x202420252026
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 18.0x.
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 2.1% 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 Market0.28%
Tech5.54%
Industrials1.42%
Healthcare0.76%
Consumer Staples0.45%
Financials0.32%
Consumer Discretionary0.19%
Real Estate-0.28%
Utilities-0.49%
Energy-1.26%
Telecom-1.71%
Materials-2.11%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 110x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.8%, 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 17.3x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% 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 3.4% 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 5.152.0%
+RM 1.9b		20.0%PB1.7xFinancials
PCHEM PETRONAS Chemicals Group BerhadRM 4.723.1%
+RM 1.1b		40.1%PS1.4xMaterials
WPRTS Westports Holdings BerhadRM 6.555.1%
+RM 1.1b		15.1%PE20.4xIndustrials
MI Mi Technovation BerhadRM 5.6914.3%
+RM 629.3m		180.3%PE34.4xTech
GAMUDA Gamuda BerhadRM 4.262.4%
+RM 596.5m		-18.5%PE24.6xIndustrials
See more

Market Insights

Header cover image
A strong brand today doesn't guarantee a strong brand forever. Even the most established names can see their pricing power fade over time. In an industry landscape being reshaped by new entrants, shifting tastes and disruptive technology, it's worth understanding how to tell a temporary dip from a permanent decline.
Continue reading
What makes a lasting brand?

Latest News

MI
RM 5.92
Mi Technovation Berhad
7D
22.1%
1Y
199.0%
CIMB
RM 7.68
CIMB Group Holdings Berhad
7D
-1.2%
1Y
17.3%
VITROX
RM 7.88
ViTrox Corporation Berhad
7D
5.3%
1Y
120.1%
PCHEM
RM 4.66
PETRONAS Chemicals Group Berhad
7D
-2.7%
1Y
39.9%
Narrative Update • Jul 21

PCHEM: Higher P/E Multiple And Weaker Margins Will Limit Future Upside

Analysts have lifted their price target for PETRONAS Chemicals Group Berhad to MYR3.70 from MYR3.17, citing updated assumptions around revenue pressure, slightly lower profit margins, and a higher forward P/E multiple. What's in the News Analysts revise PETRONAS Chemicals Group Berhad price target to MYR3.70 from MYR3.17, reflecting updated assumptions on revenue pressure, profit margins, and forward P/E multiple.
CDB
RM 2.92
Celcomdigi Berhad
7D
-3.3%
1Y
-23.0%
UTDPLT
RM 33.74
United Plantations Berhad
7D
-2.3%
1Y
53.4%
KLK
RM 21.14
Kuala Lumpur Kepong Berhad
7D
-3.0%
1Y
6.4%
SUNMED
RM 1.96
Sunway Healthcare Holdings Berhad
7D
3.2%
1Y
n/a
PMETAL
RM 7.90
Press Metal Aluminium Holdings Berhad
7D
-3.5%
1Y
51.6%
TENAGA
RM 14.56
Tenaga Nasional Berhad
7D
1.1%
1Y
5.7%
AXIATA
RM 1.99
Axiata Group Berhad
7D
-5.2%
1Y
-22.3%
Narrative Update • Jun 29

AXIATA: Leadership Transition And Margin Pressure Will Sustain Elevated P/E Risk

Analysts have revised their fair value estimate for Axiata Group Berhad to MYR1.50 from MYR1.70, reflecting updated assumptions on revenue growth, profit margins, and future P/E expectations. What’s in the News for Axiata Group Berhad Cessation of office for Encik Nik Rizal Kamil Nik Ibrahim Kamil as Group Chief Financial Officer effective 1 June 2026, following his appointment as Group Chief Executive Officer and Managing Director.
SDG
RM 6.62
SD Guthrie Berhad
7D
1.8%
1Y
39.4%
PETGAS
RM 17.40
PETRONAS Gas Berhad
7D
-2.7%
1Y
-0.9%
NESTLE
RM 93.12
Nestlé (Malaysia) Berhad
7D
2.9%
1Y
22.6%
PBBANK
RM 5.20
Public Bank Berhad
7D
3.0%
1Y
20.6%
WPRTS
RM 6.50
Westports Holdings Berhad
7D
5.0%
1Y
14.4%