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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies1068
  • 7D-0.9%
  • 3M1.1%
  • 1Y11.5%
  • YTD2.6%

The Information Technology sector gained 5.6% while the market remained flat over the last week. More promisingly, the market is up 11% over the past year. Looking forward, earnings are forecast to grow by 9.0% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026RM 2.1tRM 1.3tRM 135.6b13.9x15.5x1.6x
Thu, 30 Apr 2026RM 2.1tRM 1.3tRM 123.9b14.2x17.1x1.6x
Sat, 28 Mar 2026RM 2.1tRM 1.3tRM 122.2b13.4x16.9x1.6x
Mon, 23 Feb 2026RM 2.1tRM 1.3tRM 119.6b14.1x17.6x1.6x
Wed, 21 Jan 2026RM 2.1tRM 1.3tRM 118.7b14x17.4x1.6x
Fri, 19 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.7x16.8x1.5x
Sun, 16 Nov 2025RM 2.0tRM 1.3tRM 113.4b14.4x17.5x1.5x
Tue, 14 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.7x17.7x1.5x
Thu, 11 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.4x17.1x1.5x
Sat, 09 Aug 2025RM 1.9tRM 1.3tRM 115.8b13.9x16.3x1.4x
Mon, 07 Jul 2025RM 1.9tRM 1.3tRM 115.7b14x16.3x1.4x
Wed, 04 Jun 2025RM 1.8tRM 1.3tRM 115.5b13.5x15.8x1.4x
Fri, 02 May 2025RM 1.8tRM 1.3tRM 118.0b14x15.5x1.4x
Sun, 30 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.4x1.4x
Tue, 25 Feb 2025RM 1.9tRM 1.3tRM 114.5b14.7x16.6x1.5x
Thu, 23 Jan 2025RM 2.0tRM 1.3tRM 115.2b15.3x17.1x1.5x
Sat, 21 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.2x17.1x1.5x
Mon, 18 Nov 2024RM 1.9tRM 1.3tRM 113.7b15.6x17.1x1.5x
Wed, 16 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.3x17.4x1.6x
Fri, 13 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.3x1.5x
Sun, 11 Aug 2024RM 2.0tRM 1.2tRM 106.1b17.1x18.4x1.6x
Tue, 09 Jul 2024RM 2.0tRM 1.2tRM 105.7b17.6x19x1.6x
Thu, 06 Jun 2024RM 2.0tRM 1.2tRM 104.9b17.1x18.9x1.6x
Sat, 04 May 2024RM 1.9tRM 1.2tRM 82.4b16.7x23.4x1.6x
Mon, 01 Apr 2024RM 1.9tRM 1.2tRM 99.5b16.1x18.7x1.5x
Wed, 28 Feb 2024RM 1.9tRM 1.2tRM 87.3b16x21.2x1.5x
Fri, 26 Jan 2024RM 1.8tRM 1.2tRM 82.9b15.8x21.9x1.5x
Sun, 24 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.5x21.2x1.4x
Tue, 21 Nov 2023RM 1.8tRM 1.2tRM 80.1b15.7x21.9x1.4x
Thu, 19 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.5x21.9x1.4x
Sat, 16 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.7x1.4x
Mon, 14 Aug 2023RM 1.7tRM 1.2tRM 81.8b14.9x21x1.4x
Wed, 12 Jul 2023RM 1.6tRM 1.2tRM 82.5b13.7x20x1.3x
Fri, 09 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.7x1.3x
Price to Earnings Ratio

19.7x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.7bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.2x202420252026
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 15.5x which is lower than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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-0.88%
Tech5.60%
Telecom1.13%
Industrials0.17%
Healthcare-0.21%
Consumer Discretionary-0.30%
Utilities-0.52%
Real Estate-0.85%
Consumer Staples-1.62%
Financials-2.32%
Energy-2.63%
Materials-2.94%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 71.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 7.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.4x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline 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 3.717.8%
+RM 2.1b		4.2%PE18.1xTelecom
SUNWAY Sunway BerhadRM 5.403.1%
+RM 1.1b		15.4%PE3.5xIndustrials
TENAGA Tenaga Nasional BerhadRM 14.280.8%
+RM 699.5m		2.3%PE17.3xUtilities
QL QL Resources BerhadRM 3.604.7%
+RM 584.2m		-18.2%PE29.2xConsumer Staples
UTDPLT United Plantations BerhadRM 31.082.9%
+RM 547.5m		37.5%PE23.5xConsumer Staples
See more

Market Insights

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Latest News

NESTLE
RM 91.00
Nestlé (Malaysia) Berhad
7D
-4.2%
1Y
15.8%
MCEMENT
RM 6.54
Malayan Cement Berhad
7D
-6.4%
1Y
32.1%
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If EPS Growth Is Important To You, Malayan Cement Berhad (KLSE:MCEMENT) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
AXIATA
RM 2.00
Axiata Group Berhad
7D
2.6%
1Y
-1.5%
Narrative Update • Jun 01

AXIATA: Leadership Transition Will Drive Higher Margins And Stronger Future Returns

Axiata Group Berhad’s updated analyst price target has shifted from MYR2.82 to MYR2.67, with analysts pointing to revised assumptions around revenue growth, profit margins and a lower projected future P/E multiple as the key drivers of this change. What's in the News Encik Nik Rizal Kamil Nik Ibrahim Kamil is set to cease his role as Group Chief Financial Officer on 1 June 2026 following his appointment as Group Chief Executive Officer and Managing Director.
MAYBANK
RM 10.64
Malayan Banking Berhad
7D
-2.7%
1Y
9.0%
Analysis Article • May 31

Revenue Miss: Malayan Banking Berhad Fell 12% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The analysts might have been a bit too bullish on Malayan Banking Berhad ( KLSE:MAYBANK ), given that the company fell...
YTLPOWR
RM 4.16
YTL Power International Berhad
7D
1.2%
1Y
30.0%
HLBANK
RM 20.88
Hong Leong Bank Berhad
7D
-4.7%
1Y
6.6%
PBBANK
RM 4.71
Public Bank Berhad
7D
-1.9%
1Y
10.0%
KLCC
RM 8.86
KLCC Property Holdings Berhad
7D
-4.0%
1Y
-0.2%
QL
RM 3.60
QL Resources Berhad
7D
4.7%
1Y
-18.2%
TENAGA
RM 14.28
Tenaga Nasional Berhad
7D
0.8%
1Y
2.3%
Narrative Update • May 29

TENAGA: Revised Risk Assumptions Will Support Closing The Current Valuation Gap

Analysts have lifted their fair value estimate for Tenaga Nasional Berhad from MYR15.93 to MYR16.41, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. These assumptions align with broader Street views on undervaluation and the potential for the valuation gap to narrow.
CIMB
RM 7.48
CIMB Group Holdings Berhad
7D
-2.6%
1Y
9.2%
SUNWAY
RM 5.40
Sunway Berhad
7D
3.1%
1Y
15.4%
PCHEM
RM 5.21
PETRONAS Chemicals Group Berhad
7D
-4.9%
1Y
58.8%
MAXIS
RM 3.71
Maxis Berhad
7D
7.8%
1Y
4.2%
INARI
RM 2.34
Inari Amertron Berhad
7D
5.4%
1Y
23.2%
UTDPLT
RM 31.08
United Plantations Berhad
7D
2.9%
1Y
37.5%