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Malaysian (KLSE) Market Analysis & Valuation
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies1060
- 7D-1.7%
- 3M4.6%
- 1Y7.6%
- YTD2.6%
Over the last 7 days, the market has dropped 1.7%, driven by a loss of 2.4% in the Financials sector. As for the longer term, the market has actually risen by 7.6% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Malaysian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Mar 2026 | RM 2.1t | RM 1.3t | RM 123.0b | 14.4x | 16.9x | 1.6x |
| Fri, 30 Jan 2026 | RM 2.1t | RM 1.3t | RM 118.9b | 13.9x | 17.5x | 1.6x |
| Sun, 28 Dec 2025 | RM 2.0t | RM 1.3t | RM 118.7b | 13.9x | 17x | 1.5x |
| Tue, 25 Nov 2025 | RM 2.0t | RM 1.3t | RM 114.7b | 13.9x | 17.2x | 1.5x |
| Thu, 23 Oct 2025 | RM 2.0t | RM 1.3t | RM 111.9b | 14.9x | 17.6x | 1.5x |
| Sat, 20 Sep 2025 | RM 1.9t | RM 1.3t | RM 112.2b | 14.7x | 17.3x | 1.5x |
| Mon, 18 Aug 2025 | RM 1.9t | RM 1.3t | RM 114.0b | 14.1x | 16.7x | 1.5x |
| Wed, 16 Jul 2025 | RM 1.9t | RM 1.3t | RM 115.6b | 13.9x | 16.2x | 1.4x |
| Fri, 13 Jun 2025 | RM 1.9t | RM 1.3t | RM 115.7b | 13.6x | 16x | 1.4x |
| Sun, 11 May 2025 | RM 1.9t | RM 1.3t | RM 118.5b | 14x | 15.7x | 1.4x |
| Tue, 08 Apr 2025 | RM 1.7t | RM 1.3t | RM 118.2b | 13.2x | 14.5x | 1.3x |
| Thu, 06 Mar 2025 | RM 1.9t | RM 1.3t | RM 118.5b | 14.2x | 15.6x | 1.4x |
| Sat, 01 Feb 2025 | RM 1.9t | RM 1.3t | RM 115.7b | 14.9x | 16.6x | 1.5x |
| Mon, 30 Dec 2024 | RM 2.0t | RM 1.3t | RM 115.1b | 15.3x | 17.5x | 1.6x |
| Wed, 27 Nov 2024 | RM 2.0t | RM 1.3t | RM 112.1b | 15.6x | 17.5x | 1.5x |
| Fri, 25 Oct 2024 | RM 2.0t | RM 1.3t | RM 113.8b | 15.4x | 17.4x | 1.6x |
| Sun, 22 Sep 2024 | RM 2.0t | RM 1.3t | RM 113.1b | 15.8x | 17.8x | 1.6x |
| Tue, 20 Aug 2024 | RM 2.0t | RM 1.2t | RM 106.7b | 17.4x | 18.7x | 1.6x |
| Thu, 18 Jul 2024 | RM 2.0t | RM 1.2t | RM 105.8b | 18.1x | 19.3x | 1.7x |
| Sat, 15 Jun 2024 | RM 2.0t | RM 1.2t | RM 104.8b | 17.5x | 19.2x | 1.6x |
| Mon, 13 May 2024 | RM 1.9t | RM 1.2t | RM 99.9b | 16.9x | 19.5x | 1.6x |
| Wed, 10 Apr 2024 | RM 1.9t | RM 1.2t | RM 99.6b | 16.4x | 18.9x | 1.6x |
| Fri, 08 Mar 2024 | RM 1.8t | RM 1.2t | RM 99.5b | 15.9x | 18.3x | 1.5x |
| Sun, 04 Feb 2024 | RM 1.8t | RM 1.2t | RM 83.2b | 15.7x | 21.8x | 1.5x |
| Tue, 02 Jan 2024 | RM 1.8t | RM 1.2t | RM 83.1b | 15.6x | 21.2x | 1.4x |
| Thu, 30 Nov 2023 | RM 1.7t | RM 1.2t | RM 81.0b | 15.1x | 21.4x | 1.4x |
| Sat, 28 Oct 2023 | RM 1.7t | RM 1.2t | RM 79.5b | 15.3x | 21.7x | 1.4x |
| Mon, 25 Sep 2023 | RM 1.7t | RM 1.2t | RM 79.7b | 15.7x | 21.9x | 1.4x |
| Wed, 23 Aug 2023 | RM 1.7t | RM 1.2t | RM 81.2b | 14.9x | 21.3x | 1.4x |
| Fri, 21 Jul 2023 | RM 1.7t | RM 1.2t | RM 82.6b | 14.1x | 20.3x | 1.4x |
| Sun, 18 Jun 2023 | RM 1.6t | RM 1.2t | RM 82.8b | 13.7x | 19.9x | 1.3x |
| Tue, 16 May 2023 | RM 1.7t | RM 1.4t | RM 125.6b | 13x | 13.3x | 1.2x |
| Thu, 13 Apr 2023 | RM 1.7t | RM 1.2t | RM 119.2b | 13.3x | 14.2x | 1.4x |
| Sat, 11 Mar 2023 | RM 1.7t | RM 1.2t | RM 119.0b | 13.8x | 14.1x | 1.4x |
Price to Earnings Ratio
14.1x
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 18.0x.
Past Earnings Growth
- The earnings for Malaysian listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 2.4% 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 Market | -1.67% | |
| Healthcare | 2.15% | |
| Industrials | -0.14% | |
| Tech | -0.33% | |
| Consumer Discretionary | -1.05% | |
| Consumer Staples | -1.16% | |
| Energy | -1.82% | |
| Real Estate | -1.87% | |
| Utilities | -2.08% | |
| Telecom | -2.08% | |
| Financials | -2.44% | |
| Materials | -5.82% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 41.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.1% which is higher than its past year's earnings decline of 5.1% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.3x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 5.1% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 3.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| PCHEM PETRONAS Chemicals Group Berhad | RM 3.45 | 11.3% +RM 2.8b | -5.5% | PS1x | Materials | |
| TENAGA Tenaga Nasional Berhad | RM 14.38 | 2.0% +RM 1.6b | 5.7% | PE17.6x | Utilities | |
| RHBBANK RHB Bank Berhad | RM 8.60 | 3.9% +RM 1.4b | 25.4% | PB1.1x | Financials | |
| KPJ KPJ Healthcare Berhad | RM 3.20 | 10.3% +RM 1.3b | 20.3% | PE38.5x | Healthcare | |
| PETDAG PETRONAS Dagangan Berhad | RM 22.50 | 5.1% +RM 1.1b | 21.9% | PE20.3x | Consumer Discretionary |