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Malaysian (KLSE) Market Analysis & Valuation

UpdatedSep 19, 2026
DataAggregated Company Financials
Companies1083
  • 7D-0.8%
  • 3M-1.4%
  • 1Y3.7%
  • YTD1.4%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 3.7% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026RM 2.1tRM 1.3tRM 139.7b13x14.9x1.5x
Tue, 18 Aug 2026RM 2.1tRM 1.3tRM 137.5b13.7x15.5x1.6x
Thu, 16 Jul 2026RM 2.1tRM 1.3tRM 136.6b13.6x15.4x1.6x
Sat, 13 Jun 2026RM 2.1tRM 1.3tRM 135.6b13.4x15.3x1.6x
Mon, 11 May 2026RM 2.1tRM 1.3tRM 124.1b14.2x17.3x1.6x
Wed, 08 Apr 2026RM 2.0tRM 1.3tRM 121.6b13.6x16.8x1.6x
Fri, 06 Mar 2026RM 2.1tRM 1.3tRM 122.2b13.8x16.8x1.6x
Sun, 01 Feb 2026RM 2.1tRM 1.3tRM 119.1b13.8x17.6x1.6x
Tue, 30 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.9x17x1.5x
Thu, 27 Nov 2025RM 2.0tRM 1.3tRM 115.8b14x17.1x1.5x
Sat, 25 Oct 2025RM 2.0tRM 1.3tRM 112.0b14.7x17.7x1.5x
Mon, 22 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.7x17.3x1.5x
Wed, 20 Aug 2025RM 1.9tRM 1.3tRM 114.1b14.2x16.8x1.5x
Fri, 18 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Sun, 15 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.7x15.9x1.4x
Tue, 13 May 2025RM 1.9tRM 1.3tRM 118.5b14x15.7x1.4x
Thu, 10 Apr 2025RM 1.7tRM 1.3tRM 118.1b12.8x14.1x1.3x
Sat, 08 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.6x1.4x
Mon, 03 Feb 2025RM 1.9tRM 1.3tRM 115.5b14.9x16.7x1.5x
Wed, 01 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.5x17.6x1.6x
Fri, 29 Nov 2024RM 2.0tRM 1.3tRM 111.6b15.1x17.5x1.5x
Sun, 27 Oct 2024RM 2.0tRM 1.4tRM 112.9b15.5x17.4x1.4x
Tue, 24 Sep 2024RM 2.0tRM 1.3tRM 113.1b15.8x17.8x1.6x
Thu, 22 Aug 2024RM 2.0tRM 1.2tRM 107.3b17.3x18.4x1.6x
Sat, 20 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.1x19.3x1.7x
Mon, 17 Jun 2024RM 2.0tRM 1.2tRM 104.7b17.4x19.2x1.6x
Wed, 15 May 2024RM 2.0tRM 1.2tRM 100.0b17.2x19.6x1.6x
Fri, 12 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.4x18.9x1.6x
Sun, 10 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.8x18.4x1.5x
Tue, 06 Feb 2024RM 1.8tRM 1.2tRM 82.9b15.5x21.7x1.5x
Thu, 04 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.6x21.4x1.4x
Sat, 02 Dec 2023RM 1.7tRM 1.2tRM 82.8b15x21x1.4x
Mon, 30 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.3x21.7x1.4x
Wed, 27 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Price to Earnings Ratio

21.8x


Total Market Cap: RM 1.7tTotal Earnings: RM 79.7bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.7x202420252026
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 14.9x which is lower than its 3-year average PE of 17.7x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have grown 21% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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 Market-0.78%
Energy2.57%
Tech1.48%
Healthcare0.78%
Telecom-0.19%
Consumer Staples-0.36%
Industrials-0.83%
Financials-1.05%
Consumer Discretionary-1.16%
Real Estate-1.38%
Materials-1.90%
Utilities-2.18%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 134x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.1%, which is higher than its past year's earnings growth of 13.4% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 4.4% 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
SUNMED Sunway Healthcare Holdings BerhadRM 2.266.1%
+RM 1.5b		n/aPE91.7xHealthcare
VITROX ViTrox Corporation BerhadRM 9.807.1%
+RM 1.2b		153.9%PE85.5xTech
QL QL Resources BerhadRM 4.198.3%
+RM 1.2b		-4.6%PE33.9xConsumer Staples
TIMECOM TIME dotCom BerhadRM 6.4110.1%
+RM 1.1b		24.5%PE25.5xTelecom
MISC MISC BerhadRM 7.972.3%
+RM 803.5m		6.0%PE14.7xIndustrials
See more

Market Insights

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Latest News

TIMECOM
RM 6.41
TIME dotCom Berhad
7D
10.1%
1Y
24.5%
PCHEM
RM 4.71
PETRONAS Chemicals Group Berhad
7D
-7.5%
1Y
7.0%
Narrative Update • Sep 11

PCHEM: Lower Assumed P/E Multiple Will Constrain Future Share Upside

Analysts have trimmed their fair value estimate for PETRONAS Chemicals Group Berhad from MYR3.70 to MYR3.60, citing updated expectations for softer revenue, slightly stronger profit margins, and a lower assumed future P/E multiple. What’s in the News for PETRONAS Chemicals Group Berhad PETRONAS Chemicals Group Berhad declared a first interim single tier dividend of 6 sen per ordinary share for the financial year ending 31 December 2026.
CIMB
RM 7.63
CIMB Group Holdings Berhad
7D
-2.1%
1Y
5.5%
TENAGA
RM 13.04
Tenaga Nasional Berhad
7D
-4.1%
1Y
-2.5%
SUNWAY
RM 4.41
Sunway Berhad
7D
-5.4%
1Y
-18.0%
SUNCON
RM 7.88
Sunway Construction Group Berhad
7D
5.9%
1Y
28.5%
MISC
RM 7.97
MISC Berhad
7D
2.3%
1Y
6.0%
QL
RM 4.19
QL Resources Berhad
7D
8.3%
1Y
-4.6%
CDB
RM 2.60
Celcomdigi Berhad
7D
-4.4%
1Y
-31.4%
Narrative Update • Sep 03

CDB: Share Buybacks And 2026 Margins Will Shape Future Return Profile

Analysts have reduced their price target for Celcomdigi Berhad from MYR2.80 to MYR2.64, reflecting updated models that incorporate revised assumptions on revenue growth, profit margins and future P/E multiples. What’s in the News for Celcomdigi Berhad Celcomdigi Berhad has commenced a share repurchase program on July 14, 2026, following approval at the Annual General Meeting held on May 14, 2026.
IOIPG
RM 3.53
IOI Properties Group Berhad
7D
-7.1%
1Y
71.4%
HLBANK
RM 22.54
Hong Leong Bank Berhad
7D
-2.3%
1Y
11.8%
Analysis Article • Aug 30

The Hong Leong Bank Berhad (KLSE:HLBANK) Yearly Results Are Out And Analysts Have Published New Forecasts

It's been a good week for Hong Leong Bank Berhad ( KLSE:HLBANK ) shareholders, because the company has just released...
SDG
RM 6.30
SD Guthrie Berhad
7D
1.3%
1Y
20.0%
DIALOG
RM 2.09
Dialog Group Berhad
7D
7.2%
1Y
11.2%
Analysis Article • Aug 23

Dialog Group Berhad (KLSE:DIALOG) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Investors in Dialog Group Berhad ( KLSE:DIALOG ) had a good week, as its shares rose 4.2% to close at RM1.99 following...
SUNMED
RM 2.26
Sunway Healthcare Holdings Berhad
7D
6.1%
1Y
n/a
99SMART
RM 3.19
99 Speed Mart Retail Holdings Berhad
7D
-5.6%
1Y
21.3%
Analysis Article • Aug 19

99 Speed Mart Retail Holdings Berhad Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models

99 Speed Mart Retail Holdings Berhad ( KLSE:99SMART ) shareholders are probably feeling a little disappointed, since...
VITROX
RM 9.80
ViTrox Corporation Berhad
7D
7.1%
1Y
153.9%
Analysis Article • Aug 10

New Forecasts: Here's What Analysts Think The Future Holds For ViTrox Corporation Berhad (KLSE:VITROX)

ViTrox Corporation Berhad ( KLSE:VITROX ) shareholders will have a reason to smile today, with the analysts making...