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Malaysian (KLSE) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies1053
  • 7D-1.3%
  • 3M5.0%
  • 1Y7.0%
  • YTD3.9%

Over the last 7 days, the market has dropped 1.3%, driven by a decline of 2.5% in the Industrials sector. As for the longer term, the market has actually risen by 7.0% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026RM 2.1tRM 1.3tRM 119.0b13.9x17.6x1.6x
Fri, 02 Jan 2026RM 2.0tRM 1.3tRM 118.7b13.9x17x1.5x
Sun, 30 Nov 2025RM 2.0tRM 1.3tRM 114.8b13.6x17x1.5x
Tue, 28 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.6x17.8x1.5x
Thu, 25 Sep 2025RM 2.0tRM 1.3tRM 112.3b14.7x17.4x1.5x
Sat, 23 Aug 2025RM 1.9tRM 1.3tRM 113.2b14.6x17x1.5x
Mon, 21 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Wed, 18 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.6x15.9x1.4x
Fri, 16 May 2025RM 1.9tRM 1.3tRM 118.5b14.3x16x1.5x
Sun, 13 Apr 2025RM 1.7tRM 1.3tRM 118.1b13.2x14.7x1.3x
Tue, 11 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.4x1.4x
Thu, 06 Feb 2025RM 1.9tRM 1.3tRM 115.7b15x16.8x1.5x
Sat, 04 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Mon, 02 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.2x17.1x1.5x
Wed, 30 Oct 2024RM 2.0tRM 1.3tRM 113.6b15.6x17.3x1.6x
Fri, 27 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.9x17.7x1.6x
Sun, 25 Aug 2024RM 2.0tRM 1.2tRM 108.1b16.6x18.2x1.6x
Tue, 23 Jul 2024RM 2.0tRM 1.2tRM 105.8b18x19.1x1.6x
Thu, 20 Jun 2024RM 2.0tRM 1.2tRM 104.8b17.1x19x1.6x
Sat, 18 May 2024RM 2.0tRM 1.2tRM 100.0b17.5x19.9x1.7x
Mon, 15 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.5x18.9x1.6x
Wed, 13 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.8x18.5x1.5x
Fri, 09 Feb 2024RM 1.8tRM 1.2tRM 83.0b15.6x21.8x1.5x
Sun, 07 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Tue, 05 Dec 2023RM 1.7tRM 1.2tRM 82.7b15x20.9x1.4x
Thu, 02 Nov 2023RM 1.7tRM 1.2tRM 79.5b15.2x21.6x1.4x
Sat, 30 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.6x21.6x1.4x
Mon, 28 Aug 2023RM 1.7tRM 1.2tRM 80.5b15.2x21.4x1.4x
Wed, 26 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.3x20.6x1.4x
Fri, 23 Jun 2023RM 1.6tRM 1.2tRM 82.6b13.7x19.9x1.3x
Sun, 21 May 2023RM 1.7tRM 1.4tRM 125.2b13.3x13.4x1.2x
Tue, 18 Apr 2023RM 1.7tRM 1.2tRM 119.0b13.5x14.3x1.4x
Thu, 16 Mar 2023RM 1.6tRM 1.2tRM 119.0b13.5x13.8x1.4x
Sat, 11 Feb 2023RM 1.7tRM 1.2tRM 138.6b13.6x12.4x1.4x
Price to Earnings Ratio

12.4x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.6bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.9x202420252026
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 17.9x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 5.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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 Market-1.26%
Healthcare1.50%
Telecom0.056%
Energy-0.57%
Financials-0.86%
Real Estate-0.87%
Utilities-1.23%
Materials-1.50%
Consumer Staples-1.71%
Consumer Discretionary-2.21%
Industrials-2.46%
Tech-3.25%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 38.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.7%, which is higher than its past year's earnings growth of 2.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 21.0x.
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 growth rate of 2.2% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MAYBANK Malayan Banking BerhadRM 11.941.2%
+RM 1.7b		15.5%PB1.6xFinancials
AXIATA Axiata Group BerhadRM 2.445.2%
+RM 1.1b		10.4%PE221.5xTelecom
HLFG Hong Leong Financial Group BerhadRM 22.763.5%
+RM 862.0m		25.7%PB0.8xFinancials
MISC MISC BerhadRM 8.152.0%
+RM 714.2m		8.7%PE28.7xIndustrials
MCEMENT Malayan Cement BerhadRM 8.283.5%
+RM 394.0m		74.3%PE15.7xMaterials
See more

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