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Malaysian (KLSE) Market Analysis & Valuation

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies1039
  • 7D1.2%
  • 3M4.5%
  • 1Y-3.2%
  • YTD-5.2%

In the last week, the market is up 1.2% led by Utilities sector. Over the past year the market is down 3.2%. Looking forward, earnings are forecast to grow by 10.0% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025RM 1.9tRM 1.3tRM 112.1b14.5x17.2x1.5x
Thu, 14 Aug 2025RM 1.9tRM 1.3tRM 115.8b13.9x16.5x1.5x
Sat, 12 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Mon, 09 Jun 2025RM 1.8tRM 1.3tRM 115.7b13.6x15.9x1.4x
Wed, 07 May 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.6x1.4x
Fri, 04 Apr 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.4x1.4x
Sun, 02 Mar 2025RM 1.9tRM 1.3tRM 117.3b14.3x16x1.4x
Tue, 28 Jan 2025RM 1.9tRM 1.3tRM 115.6b14.9x16.7x1.5x
Thu, 26 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.3x17.2x1.5x
Sat, 23 Nov 2024RM 1.9tRM 1.3tRM 111.6b15.7x17.5x1.5x
Mon, 21 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.6x17.5x1.6x
Wed, 18 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.5x17.6x1.6x
Fri, 16 Aug 2024RM 2.0tRM 1.2tRM 106.3b17.3x18.4x1.6x
Sun, 14 Jul 2024RM 2.0tRM 1.2tRM 105.7b18x19.1x1.6x
Tue, 11 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x19x1.6x
Thu, 09 May 2024RM 2.0tRM 1.2tRM 99.9b16.8x19.5x1.6x
Sat, 06 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.4x18.9x1.6x
Mon, 04 Mar 2024RM 1.8tRM 1.2tRM 99.3b15.7x18.4x1.5x
Wed, 31 Jan 2024RM 1.8tRM 1.2tRM 83.1b15.9x21.9x1.5x
Fri, 29 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.4x21.2x1.4x
Sun, 26 Nov 2023RM 1.7tRM 1.2tRM 81.2b15.5x21.5x1.4x
Tue, 24 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.3x21.6x1.4x
Thu, 21 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.9x1.4x
Sat, 19 Aug 2023RM 1.7tRM 1.2tRM 81.3b15x21.1x1.4x
Mon, 17 Jul 2023RM 1.7tRM 1.2tRM 82.5b14x20.3x1.4x
Wed, 14 Jun 2023RM 1.6tRM 1.2tRM 82.9b13.9x19.8x1.3x
Fri, 12 May 2023RM 1.7tRM 1.2tRM 117.9b13.1x14.2x1.4x
Sun, 09 Apr 2023RM 1.7tRM 1.2tRM 119.1b13.3x14.1x1.4x
Tue, 07 Mar 2023RM 1.7tRM 1.2tRM 118.7b13.8x14.3x1.4x
Thu, 02 Feb 2023RM 1.7tRM 1.2tRM 138.6b13.6x12.5x1.4x
Sat, 31 Dec 2022RM 1.7tRM 1.2tRM 138.6b13.1x12.2x1.4x
Mon, 28 Nov 2022RM 1.7tRM 1.2tRM 136.0b12.9x12.2x1.4x
Wed, 26 Oct 2022RM 1.6tRM 1.1tRM 135.5b13.3x11.8x1.4x
Fri, 23 Sep 2022RM 1.6tRM 1.1tRM 136.1b13.7x11.8x1.4x
Price to Earnings Ratio

11.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 136.1bTotal Revenue: RM 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.2x202320242025
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 17.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 6.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market1.24%
Telecom3.61%
Healthcare3.60%
Utilities2.77%
Materials1.92%
Consumer Staples1.60%
Industrials1.15%
Consumer Discretionary0.71%
Real Estate0.55%
Tech0.46%
Financials-0.26%
Energy-0.88%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 28.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.1% which is higher than its past year's earnings decline of 9.7% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 9.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 3.1% 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
IHH IHH Healthcare BerhadRM 7.254.9%
+RM 3.0b		6.9%PE28.8xHealthcare
TM Telekom Malaysia BerhadRM 7.7310.3%
+RM 2.8b		15.4%PE14.8xTelecom
AXIATA Axiata Group BerhadRM 2.669.5%
+RM 2.1b		6.4%PE24.4xTelecom
YTL YTL Corporation BerhadRM 2.645.6%
+RM 1.6b		3.5%PE16.1xUtilities
PCHEM PETRONAS Chemicals Group BerhadRM 4.343.3%
+RM 1.1b		-21.1%PS1.2xMaterials
See more

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7D
5.6%
1Y
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TM
RM 7.73
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7D
10.3%
1Y
15.4%
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1Y
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RM 7.25
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7D
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RM 7.37
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7D
1.0%
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RM 9.87
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RM 4.25
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1Y
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RM 18.34
PETRONAS Gas Berhad
7D
-1.9%
1Y
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MISC
RM 7.40
MISC Berhad
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1Y
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NESTLE
RM 97.90
Nestlé (Malaysia) Berhad
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5.0%
1Y
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PCHEM
RM 4.34
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3.3%
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