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Malaysian (KLSE) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies1043
  • 7D0.5%
  • 3M3.8%
  • 1Y0.3%
  • YTD-2.4%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 3.3%. Similarly, the market is flat for the past 12 months. Earnings are forecast to grow by 9.7% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.6x1.5x
Fri, 10 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.8x1.5x
Sun, 07 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Tue, 05 Aug 2025RM 1.9tRM 1.3tRM 115.5b13.9x16.2x1.4x
Thu, 03 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Sat, 31 May 2025RM 1.8tRM 1.3tRM 116.1b13.9x15.8x1.4x
Mon, 28 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Wed, 26 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.4x15.4x1.4x
Fri, 21 Feb 2025RM 1.9tRM 1.3tRM 114.4b14.5x16.6x1.5x
Sun, 19 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.2x16.9x1.5x
Tue, 17 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.3x1.5x
Thu, 14 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.7x17.3x1.5x
Sat, 12 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Mon, 09 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.4x17.4x1.6x
Wed, 07 Aug 2024RM 1.9tRM 1.2tRM 106.0b16.8x18x1.6x
Fri, 05 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.7x19.1x1.6x
Sun, 02 Jun 2024RM 2.0tRM 1.2tRM 102.7b17.1x19.2x1.6x
Tue, 30 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.6x19.2x1.6x
Thu, 28 Mar 2024RM 1.9tRM 1.2tRM 99.7b15.9x18.6x1.5x
Sat, 24 Feb 2024RM 1.8tRM 1.2tRM 87.8b16.1x21x1.5x
Mon, 22 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Wed, 20 Dec 2023RM 1.8tRM 1.2tRM 82.9b15.2x21.2x1.4x
Fri, 17 Nov 2023RM 1.8tRM 1.2tRM 79.5b15.8x22.1x1.4x
Sun, 15 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.7x21.9x1.4x
Tue, 12 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Thu, 10 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.8x21x1.4x
Sat, 08 Jul 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.8x1.3x
Mon, 05 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.9x1.3x
Wed, 03 May 2023RM 1.7tRM 1.2tRM 118.3b13.3x14.2x1.4x
Fri, 31 Mar 2023RM 1.7tRM 1.2tRM 118.8b13.5x14.1x1.4x
Sun, 26 Feb 2023RM 1.7tRM 1.2tRM 97.1b13.6x17.5x1.4x
Tue, 24 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.2x12.4x1.4x
Thu, 22 Dec 2022RM 1.7tRM 1.2tRM 138.2b13.1x12x1.4x
Sat, 19 Nov 2022RM 1.6tRM 1.1tRM 134.0b13.4x12.1x1.4x
Price to Earnings Ratio

12.1x


Total Market Cap: RM 1.6tTotal Earnings: RM 134.0bTotal Revenue: RM 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.5x202320242025
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 17.5x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 5.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market0.47%
Telecom3.31%
Tech1.80%
Consumer Staples1.73%
Industrials0.37%
Consumer Discretionary0.12%
Utilities0.049%
Financials-0.024%
Real Estate-0.10%
Healthcare-0.48%
Materials-0.80%
Energy-2.81%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 34.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.0% which is higher than its past year's earnings decline of 4.0% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 4.0% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 3.3% 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
MAXIS Maxis BerhadRM 4.156.4%
+RM 2.0b		16.6%PE21.6xTelecom
AXIATA Axiata Group BerhadRM 2.767.8%
+RM 1.8b		24.9%PE25.4xTelecom
SDG SD Guthrie BerhadRM 5.473.2%
+RM 1.2b		6.2%PE13.6xConsumer Staples
CIMB CIMB Group Holdings BerhadRM 7.651.3%
+RM 1.1b		-6.7%PB1.2xFinancials
PBBANK Public Bank BerhadRM 4.300.9%
+RM 772.5m		-3.2%PB1.4xFinancials
See more

Market Insights

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PMETAL
RM 6.38
Press Metal Aluminium Holdings Berhad
7D
2.1%
1Y
39.0%

We Think Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Can Stay On Top Of Its Debt

Nov 12
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PCHEM
RM 3.52
PETRONAS Chemicals Group Berhad
7D
-6.1%
1Y
-22.6%

An Intrinsic Calculation For PETRONAS Chemicals Group Berhad (KLSE:PCHEM) Suggests It's 31% Undervalued

Nov 10
An Intrinsic Calculation For PETRONAS Chemicals Group Berhad (KLSE:PCHEM) Suggests It's 31% Undervalued
MAXIS
RM 4.15
Maxis Berhad
7D
5.6%
1Y
14.3%

Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04

Nov 10
Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04
F&N
RM 31.04
Fraser & Neave Holdings Bhd
7D
11.7%
1Y
8.1%
SDG
RM 5.43
SD Guthrie Berhad
7D
2.8%
1Y
8.4%
IHH
RM 8.24
IHH Healthcare Berhad
7D
-0.5%
1Y
14.9%

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Analysts have raised their price target for IHH Healthcare Berhad slightly, from RM8.45 to RM8.52. This reflects modest adjustments in their fair value assessments and expectations for profitability.
CHINHIN
RM 2.08
Chin Hin Group Berhad
7D
-7.1%
1Y
-13.7%

Here's Why Chin Hin Group Berhad (KLSE:CHINHIN) Has A Meaningful Debt Burden

Oct 30
Here's Why Chin Hin Group Berhad (KLSE:CHINHIN) Has A Meaningful Debt Burden
NESTLE
RM 112.90
Nestlé (Malaysia) Berhad
7D
-2.7%
1Y
12.7%
TIMECOM
RM 4.88
TIME dotCom Berhad
7D
-3.4%
1Y
2.3%

Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?

Oct 28
Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?
AXIATA
RM 2.75
Axiata Group Berhad
7D
6.2%
1Y
24.4%
99SMART
RM 3.14
99 Speed Mart Retail Holdings Berhad
7D
3.0%
1Y
30.3%
DIALOG
RM 1.81
Dialog Group Berhad
7D
-7.7%
1Y
-9.0%
TENAGA
RM 13.40
Tenaga Nasional Berhad
7D
1.5%
1Y
-6.9%

Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E

Oct 16
Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E
SPSETIA
RM 0.77
S P Setia Berhad
7D
-7.2%
1Y
-43.4%

Is There Now An Opportunity In S P Setia Berhad (KLSE:SPSETIA)?

Oct 14
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CIMB
RM 7.59
CIMB Group Holdings Berhad
7D
1.2%
1Y
-7.4%

CIMB Group Holdings Berhad's (KLSE:CIMB) Shareholders Will Receive A Smaller Dividend Than Last Year

Sep 15
CIMB Group Holdings Berhad's (KLSE:CIMB) Shareholders Will Receive A Smaller Dividend Than Last Year
PBBANK
RM 4.27
Public Bank Berhad
7D
-1.6%
1Y
-4.5%

Analysts Have Made A Financial Statement On Public Bank Berhad's (KLSE:PBBANK) Second-Quarter Report

Aug 29
Analysts Have Made A Financial Statement On Public Bank Berhad's (KLSE:PBBANK) Second-Quarter Report