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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies1059
  • 7D-1.1%
  • 3M3.9%
  • 1Y8.7%
  • YTD1.6%

Over the last 7 days, the market has dropped 1.1%, driven by a loss of 3.0% in the Industrials sector. In contrast, the Materials sector has actually gained 10%. As for the longer term, the market has actually risen by 8.7% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026RM 2.1tRM 1.3tRM 122.2b13.8x16.8x1.6x
Mon, 02 Feb 2026RM 2.1tRM 1.3tRM 119.0b13.8x17.6x1.6x
Wed, 31 Dec 2025RM 2.0tRM 1.3tRM 118.8b13.9x17x1.5x
Fri, 28 Nov 2025RM 2.0tRM 1.3tRM 115.8b13.9x17x1.5x
Sun, 26 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.7x17.7x1.5x
Tue, 23 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.6x17.3x1.5x
Thu, 21 Aug 2025RM 1.9tRM 1.3tRM 114.1b14.3x16.7x1.5x
Sat, 19 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Mon, 16 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.7x15.9x1.4x
Wed, 14 May 2025RM 1.9tRM 1.3tRM 118.5b14.2x16x1.5x
Fri, 11 Apr 2025RM 1.7tRM 1.3tRM 118.1b13.2x14.7x1.3x
Sun, 09 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.6x1.4x
Tue, 04 Feb 2025RM 1.9tRM 1.3tRM 115.5b15x16.6x1.5x
Thu, 02 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.5x17.6x1.6x
Sat, 30 Nov 2024RM 2.0tRM 1.3tRM 113.5b15.1x17.2x1.5x
Mon, 28 Oct 2024RM 2.0tRM 1.4tRM 112.9b15.5x17.4x1.4x
Wed, 25 Sep 2024RM 2.0tRM 1.3tRM 113.1b16x17.8x1.6x
Fri, 23 Aug 2024RM 2.0tRM 1.2tRM 107.6b17x18.4x1.6x
Sun, 21 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.1x19.2x1.7x
Tue, 18 Jun 2024RM 2.0tRM 1.2tRM 104.7b17.4x19.2x1.6x
Thu, 16 May 2024RM 2.0tRM 1.2tRM 100.0b17.2x19.7x1.6x
Sat, 13 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.5x18.9x1.6x
Mon, 11 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.8x18.4x1.5x
Wed, 07 Feb 2024RM 1.8tRM 1.2tRM 82.9b15.6x21.8x1.5x
Fri, 05 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.6x1.4x
Sun, 03 Dec 2023RM 1.7tRM 1.2tRM 82.7b15x21x1.4x
Tue, 31 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.3x21.6x1.4x
Thu, 28 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.7x1.4x
Sat, 26 Aug 2023RM 1.7tRM 1.2tRM 80.9b14.9x21.3x1.4x
Mon, 24 Jul 2023RM 1.7tRM 1.2tRM 82.6b14.1x20.4x1.4x
Wed, 21 Jun 2023RM 1.6tRM 1.2tRM 82.6b13.7x19.8x1.3x
Fri, 19 May 2023RM 1.7tRM 1.4tRM 125.6b13x13.4x1.2x
Sun, 16 Apr 2023RM 1.7tRM 1.2tRM 119.1b13.3x14.2x1.4x
Tue, 14 Mar 2023RM 1.7tRM 1.2tRM 119.0b13.7x14x1.4x
Price to Earnings Ratio

14x


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 18x202420252026
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-1.06%
Materials10.08%
Energy3.99%
Telecom-0.11%
Financials-1.39%
Healthcare-1.48%
Consumer Staples-1.53%
Utilities-1.54%
Real Estate-2.96%
Industrials-2.98%
Consumer Discretionary-3.03%
Tech-6.35%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 43.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 40.8% which is higher than its past year's earnings decline of 1.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.2x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 1.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 2.9% 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
PCHEM PETRONAS Chemicals Group BerhadRM 4.2943.0%
+RM 10.3b		15.3%PS1.2xMaterials
PMETAL Press Metal Aluminium Holdings BerhadRM 7.819.5%
+RM 5.6b		54.7%PE30.6xMaterials
MISC MISC BerhadRM 8.707.8%
+RM 2.8b		23.2%PE22.8xIndustrials
KPJ KPJ Healthcare BerhadRM 3.219.6%
+RM 1.3b		16.3%PE38.7xHealthcare
DIALOG Dialog Group BerhadRM 1.918.5%
+RM 846.4m		31.7%PE19.2xEnergy
See more

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Latest News

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PCHEM: Higher Future P E Assumptions Will Support Re Rating Potential

Analysts have trimmed their MYR-based price target for PETRONAS Chemicals Group Berhad from MYR 5.13 to MYR 4.70, citing updated expectations for revenue growth, margins, and a higher future P/E assumption in their valuation work. Analyst Commentary Bullish analysts covering PETRONAS Chemicals Group Berhad are paying close attention to how valuation assumptions, including future P/E levels, line up with the company’s ability to execute on its plans and manage margin pressures.
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IHH Healthcare Berhad
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YTL
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YTL Corporation Berhad
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7D
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MISC: Long-Term Gas Projects Will Support Emissions-Led Fleet Renewal Outlook

Analysts have raised their price target for MISC Berhad from MYR8.48 to MYR8.67, citing updated assumptions that include a slightly lower discount rate, modestly revised revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News MISC received a Letter of Award from PETRONAS LNG Ltd.
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DIALOG
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