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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies1066
  • 7D0.6%
  • 3M0.6%
  • 1Y12.4%
  • YTD4.4%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 3.4%. As for the longer term, the market has risen 12% in the past 12 months. 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
Wed, 06 May 2026RM 2.1tRM 1.3tRM 123.9b14.3x17.3x1.6x
Fri, 03 Apr 2026RM 2.1tRM 1.3tRM 121.6b13.3x16.9x1.6x
Sun, 01 Mar 2026RM 2.1tRM 1.3tRM 126.6b14x16.4x1.6x
Tue, 27 Jan 2026RM 2.1tRM 1.3tRM 118.8b14.1x17.7x1.6x
Thu, 25 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.9x17x1.5x
Sat, 22 Nov 2025RM 2.0tRM 1.3tRM 114.0b13.9x17.3x1.5x
Mon, 20 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.7x17.6x1.5x
Wed, 17 Sep 2025RM 1.9tRM 1.3tRM 112.1b14.5x17.2x1.5x
Fri, 15 Aug 2025RM 1.9tRM 1.3tRM 113.9b13.9x16.7x1.5x
Sun, 13 Jul 2025RM 1.9tRM 1.4tRM 117.0b13.9x16x1.4x
Tue, 10 Jun 2025RM 1.8tRM 1.3tRM 115.7b13.8x15.9x1.4x
Thu, 08 May 2025RM 1.9tRM 1.3tRM 118.1b13.9x15.7x1.4x
Sat, 05 Apr 2025RM 1.8tRM 1.3tRM 118.2b14x15.2x1.4x
Mon, 03 Mar 2025RM 1.9tRM 1.3tRM 118.4b14.4x15.9x1.4x
Wed, 29 Jan 2025RM 1.9tRM 1.3tRM 115.6b14.8x16.6x1.5x
Fri, 27 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.4x1.6x
Sun, 24 Nov 2024RM 1.9tRM 1.3tRM 111.7b15.7x17.5x1.5x
Tue, 22 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.5x17.5x1.6x
Thu, 19 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.5x1.6x
Sat, 17 Aug 2024RM 2.0tRM 1.2tRM 106.5b17.5x18.6x1.6x
Mon, 15 Jul 2024RM 2.0tRM 1.2tRM 105.7b18x19.1x1.6x
Wed, 12 Jun 2024RM 2.0tRM 1.2tRM 104.8b17.3x19.1x1.6x
Fri, 10 May 2024RM 2.0tRM 1.2tRM 99.9b17.1x19.5x1.6x
Sun, 07 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.4x18.9x1.6x
Tue, 05 Mar 2024RM 1.8tRM 1.2tRM 99.2b15.7x18.5x1.5x
Thu, 01 Feb 2024RM 1.8tRM 1.2tRM 83.2b15.9x21.8x1.5x
Sat, 30 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.6x21.2x1.4x
Mon, 27 Nov 2023RM 1.7tRM 1.2tRM 81.3b15.5x21.5x1.4x
Wed, 25 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.3x21.7x1.4x
Fri, 22 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Sun, 20 Aug 2023RM 1.7tRM 1.2tRM 81.3b14.9x21.1x1.4x
Tue, 18 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.1x20.3x1.4x
Thu, 15 Jun 2023RM 1.6tRM 1.2tRM 82.9b13.9x19.9x1.3x
Sat, 13 May 2023RM 1.7tRM 1.4tRM 125.7b13x13.3x1.2x
Price to Earnings Ratio

13.3x


Total Market Cap: RM 1.7tTotal Earnings: RM 125.7bTotal Revenue: RM 1.4tTotal 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 declined 2.8% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market0.57%
Telecom3.40%
Materials1.50%
Real Estate1.24%
Utilities1.21%
Healthcare0.69%
Industrials0.34%
Consumer Staples0.34%
Financials-0.084%
Energy-0.38%
Tech-0.59%
Consumer Discretionary-1.12%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 72.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.8% which is higher than its past year's earnings decline of 2.5% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.9x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 2.5% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.9% 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 5.924.6%
+RM 2.1b		79.4%PS1.7xMaterials
IOIPG IOI Properties Group BerhadRM 4.338.5%
+RM 1.9b		136.6%PE10.5xReal Estate
MISC MISC BerhadRM 8.524.9%
+RM 1.8b		15.1%PE22.4xIndustrials
CDB Celcomdigi BerhadRM 3.105.1%
+RM 1.8b		-18.2%PE24xTelecom
SDG SD Guthrie BerhadRM 6.304.0%
+RM 1.7b		34.9%PE17.4xConsumer Staples
See more

Market Insights

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Latest News

SDG
RM 6.30
SD Guthrie Berhad
7D
4.0%
1Y
34.9%

Investors Shouldn't Be Too Comfortable With SD Guthrie Berhad's (KLSE:SDG) Earnings

May 05
Investors Shouldn't Be Too Comfortable With SD Guthrie Berhad's (KLSE:SDG) Earnings
F&N
RM 29.56
Fraser & Neave Holdings Bhd
7D
-5.9%
1Y
9.2%
AXIATA
RM 2.40
Axiata Group Berhad
7D
5.7%
1Y
17.6%

AXIATA: New CEO Transition Will Sustain Elevated P/E Overvaluation Risk

Analysts have slightly reduced their fair value estimate for Axiata Group Berhad, from MYR 1.73 to MYR 1.70, to reflect updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, following his move from group CFO earlier in 2024 (Key Developments).
MISC
RM 8.52
MISC Berhad
7D
4.9%
1Y
15.1%
PCHEM
RM 5.92
PETRONAS Chemicals Group Berhad
7D
4.6%
1Y
79.4%

PCHEM: Elevated P E Expectations Will Pressure Returns If Earnings Disappoint

Analysts have raised their fair value estimate for PETRONAS Chemicals Group Berhad from MYR1.82 to MYR3.18, citing updated assumptions for discount rates, revenue trends, profit margins, and a higher future P/E multiple following recent Street research. Analyst Commentary While the latest Street work includes at least one upgrade, the overall message for you as an investor still carries some caution.
MRDIY
RM 1.65
Mr D.I.Y. Group (M) Berhad
7D
-2.9%
1Y
-5.2%
INARI
RM 1.95
Inari Amertron Berhad
7D
-7.6%
1Y
2.6%
IOIPG
RM 4.33
IOI Properties Group Berhad
7D
8.5%
1Y
136.6%

Here's Why We Think IOI Properties Group Berhad (KLSE:IOIPG) Might Deserve Your Attention Today

Apr 24
Here's Why We Think IOI Properties Group Berhad (KLSE:IOIPG) Might Deserve Your Attention Today
TENAGA
RM 14.80
Tenaga Nasional Berhad
7D
1.9%
1Y
5.3%
UTDPLT
RM 30.66
United Plantations Berhad
7D
-4.2%
1Y
33.9%
CIMB
RM 7.89
CIMB Group Holdings Berhad
7D
1.4%
1Y
14.3%
CDB
RM 3.10
Celcomdigi Berhad
7D
5.1%
1Y
-18.2%

CDB: New CEO Appointment And Unified Distribution Platform Will Support Future Upside

Analysts have nudged their price target for Celcomdigi Berhad slightly higher to MYR4.92, citing updated assumptions around fair value, revenue, profit margins and future P/E multiples. What's in the News Company issued earnings guidance for fiscal 2026, indicating expectations for EBIT to show low single digit growth.
GENM
RM 1.97
Genting Malaysia Berhad
7D
-2.5%
1Y
15.9%
PBBANK
RM 4.75
Public Bank Berhad
7D
-0.6%
1Y
6.3%
MCEMENT
RM 6.71
Malayan Cement Berhad
7D
-3.7%
1Y
36.1%
HLBANK
RM 22.10
Hong Leong Bank Berhad
7D
-1.9%
1Y
10.5%