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Malaysian (KLSE) Market Analysis & Valuation

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies1055
  • 7D0.9%
  • 3M2.0%
  • 1Y-1.9%
  • YTD-3.2%

The market has been flat over the last week. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025RM 2.0tRM 1.3tRM 118.6b13.7x16.7x1.5x
Tue, 11 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.6x1.5x
Thu, 09 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.8x17.7x1.5x
Sat, 06 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Mon, 04 Aug 2025RM 1.9tRM 1.3tRM 115.5b13.8x16.3x1.4x
Wed, 02 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Fri, 30 May 2025RM 1.8tRM 1.3tRM 117.3b13.9x15.7x1.4x
Sun, 27 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Tue, 25 Mar 2025RM 1.8tRM 2.3tRM 194.8b14.2x9.3x0.8x
Thu, 20 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.7x16.8x1.5x
Sat, 18 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.2x16.9x1.5x
Mon, 16 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.3x17.3x1.6x
Wed, 13 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.8x17.2x1.5x
Fri, 11 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Sun, 08 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.5x17.4x1.6x
Tue, 06 Aug 2024RM 1.9tRM 1.2tRM 105.9b16.4x17.6x1.5x
Thu, 04 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.6x19.1x1.6x
Sat, 01 Jun 2024RM 2.0tRM 1.2tRM 102.6b17.1x19.2x1.6x
Mon, 29 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.5x19.1x1.6x
Wed, 27 Mar 2024RM 1.9tRM 1.2tRM 99.7b16x18.6x1.5x
Fri, 23 Feb 2024RM 1.8tRM 1.2tRM 82.9b16x22.2x1.5x
Sun, 21 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Tue, 19 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.2x21.2x1.4x
Thu, 16 Nov 2023RM 1.8tRM 1.2tRM 79.9b15.9x22x1.4x
Sat, 14 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.7x22x1.4x
Mon, 11 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Wed, 09 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.9x1.4x
Fri, 07 Jul 2023RM 1.6tRM 1.2tRM 82.5b13.8x19.9x1.3x
Sun, 04 Jun 2023RM 1.6tRM 1.2tRM 82.6b13.8x19.9x1.3x
Tue, 02 May 2023RM 1.7tRM 1.2tRM 118.3b13.3x14.2x1.4x
Thu, 30 Mar 2023RM 1.7tRM 1.2tRM 118.8b13.5x14x1.4x
Sat, 25 Feb 2023RM 1.7tRM 1.2tRM 98.1b13.9x17.3x1.4x
Mon, 23 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.2x12.4x1.4x
Wed, 21 Dec 2022RM 1.7tRM 1.2tRM 138.2b13.1x12.1x1.4x
Price to Earnings Ratio

12.1x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.2bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
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 2.9% 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 Market0.86%
Materials2.09%
Healthcare1.97%
Energy1.97%
Utilities1.52%
Telecom1.51%
Financials1.07%
Real Estate0.49%
Industrials0.38%
Consumer Staples0.30%
Tech0.089%
Consumer Discretionary-1.43%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 36.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.7% which is higher than its past year's earnings decline of 0.04% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 0.04% 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
TENAGA Tenaga Nasional BerhadRM 13.023.0%
+RM 2.2b		-5.1%PE17xUtilities
IHH IHH Healthcare BerhadRM 8.612.5%
+RM 1.9b		20.1%PE33xHealthcare
PCHEM PETRONAS Chemicals Group BerhadRM 3.477.1%
+RM 1.8b		-30.2%PS1xMaterials
PBBANK Public Bank BerhadRM 4.471.8%
+RM 1.5b		-2.2%PB1.5xFinancials
MAYBANK Malayan Banking BerhadRM 10.301.2%
+RM 1.4b		1.6%PB1.3xFinancials
See more

Market Insights

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