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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies1072
  • 7D-2.3%
  • 3M0.7%
  • 1Y8.1%
  • YTD0.5%

Over the last 7 days, the market has dropped 2.3%, driven by losses in the Financials and Materials sectors of 2.7% and 7.2%, respectively. As for the longer term, the market has actually risen by 8.1% in the last year. As for the next few years, earnings are expected to grow by 8.7% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026RM 2.1tRM 1.3tRM 136.2b13.5x15.1x1.6x
Wed, 27 May 2026RM 2.1tRM 1.3tRM 126.0b13.7x16.7x1.6x
Fri, 24 Apr 2026RM 2.1tRM 1.3tRM 123.7b14.1x17.1x1.6x
Sun, 22 Mar 2026RM 2.1tRM 1.3tRM 122.4b13.6x16.9x1.6x
Tue, 17 Feb 2026RM 2.1tRM 1.3tRM 119.5b14.1x17.5x1.6x
Thu, 15 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.2x17.5x1.6x
Sat, 13 Dec 2025RM 2.0tRM 1.3tRM 119.1b13.7x16.6x1.5x
Mon, 10 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.5x1.5x
Wed, 08 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.7x1.5x
Fri, 05 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Sun, 03 Aug 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Tue, 01 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Thu, 29 May 2025RM 1.8tRM 1.3tRM 117.5b13.9x15.7x1.4x
Sat, 26 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Mon, 24 Mar 2025RM 1.8tRM 2.3tRM 194.8b14.3x9.3x0.8x
Wed, 19 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.7x16.8x1.5x
Fri, 17 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.1x16.8x1.5x
Sun, 15 Dec 2024RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.6x
Tue, 12 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.8x17.2x1.5x
Thu, 10 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Sat, 07 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.5x17.4x1.6x
Mon, 05 Aug 2024RM 2.0tRM 1.2tRM 105.9b17.5x18.6x1.6x
Wed, 03 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.4x18.8x1.6x
Fri, 31 May 2024RM 2.0tRM 1.2tRM 102.6b17.3x19.3x1.6x
Sun, 28 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.5x19.1x1.6x
Tue, 26 Mar 2024RM 1.9tRM 1.2tRM 99.7b16x18.6x1.5x
Thu, 22 Feb 2024RM 1.8tRM 1.2tRM 82.8b15.8x22.3x1.5x
Sat, 20 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Mon, 18 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.2x21.2x1.4x
Wed, 15 Nov 2023RM 1.7tRM 1.2tRM 80.0b15.9x21.8x1.4x
Fri, 13 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.8x22x1.4x
Sun, 10 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Tue, 08 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Thu, 06 Jul 2023RM 1.6tRM 1.2tRM 82.5b13.8x20x1.3x
Price to Earnings Ratio

20x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.5bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.1x202420252026
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 15.1x which is lower than its 3-year average PE of 18.1x.
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-2.28%
Telecom0.12%
Utilities-0.68%
Consumer Staples-0.70%
Consumer Discretionary-1.47%
Healthcare-2.23%
Real Estate-2.28%
Industrials-2.29%
Financials-2.66%
Energy-3.29%
Tech-3.65%
Materials-7.23%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 83.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 7.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 7.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.4% 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
AXIATA Axiata Group BerhadRM 2.114.5%
+RM 826.9m		-8.7%PE68.7xTelecom
UTDPLT United Plantations BerhadRM 32.662.2%
+RM 435.5m		48.3%PE24.7xConsumer Staples
MAXIS Maxis BerhadRM 3.431.5%
+RM 391.8m		-5.0%PE16.7xTelecom
TIMECOM TIME dotCom BerhadRM 6.182.5%
+RM 277.3m		17.7%PE26.3xTelecom
NATGATE NationGate Holdings BerhadRM 0.8614.6%
+RM 248.9m		-47.3%PE27.3xTech
See more

Market Insights

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Latest News

KGB
RM 7.93
Kelington Group Berhad
7D
2.7%
1Y
113.7%
AJI
RM 18.80
Ajinomoto (Malaysia) Berhad
7D
23.7%
1Y
46.4%
CIMB
RM 7.45
CIMB Group Holdings Berhad
7D
-2.4%
1Y
9.7%
PCHEM
RM 4.05
PETRONAS Chemicals Group Berhad
7D
-5.2%
1Y
16.0%
Narrative Update • Jun 23

PCHEM: Softer Margins But Upgraded Cycle Outlook Supports Re-Rating Potential

Analysts have lifted their price target on PETRONAS Chemicals Group Berhad to MYR 5.81 from MYR 3.42, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E after recent research updates. What's in the News for PETRONAS Chemicals Group Berhad No recent news stories for PETRONAS Chemicals Group Berhad were provided in the available sources.
IHH
RM 8.40
IHH Healthcare Berhad
7D
-3.6%
1Y
23.2%
Narrative Update • Jun 16

IHH: Steady Margins And Stable Assumptions Will Support Bullish Outlook

Analysts have reaffirmed their MYR price target for IHH Healthcare Berhad at roughly MYR 10.13, citing updated assumptions around revenue growth, profit margins, and future P/E that remain broadly in line with previous forecasts. What's in the News for IHH Healthcare Berhad IHH Healthcare Berhad reported property, plant and equipment written off of MYR 1 million for the first quarter ended March 31, 2026, in line with the MYR 1 million written off in the same period a year earlier.
AXIATA
RM 2.11
Axiata Group Berhad
7D
4.5%
1Y
-8.7%
Narrative Update • Jun 15

AXIATA: Leadership Changes Will Support Stable Margins And Future Upside Potential

Analysts have maintained their MYR-based price target for Axiata Group Berhad at MYR 2.67, citing largely unchanged assumptions around the discount rate, revenue growth and profit margins that keep their fair value view steady. What's in the News Axiata Group Berhad announced that Encik Nik Rizal Kamil Nik Ibrahim Kamil will cease to serve as Group Chief Financial Officer on 1 June 2026 following his appointment as Group Chief Executive Officer and Managing Director.
PMETAL
RM 7.78
Press Metal Aluminium Holdings Berhad
7D
-8.1%
1Y
50.2%
Analysis Article • Jun 15

With EPS Growth And More, Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
TENAGA
RM 14.26
Tenaga Nasional Berhad
7D
-1.7%
1Y
-0.8%
Narrative Update • Jun 12

TENAGA: Renewable Project Execution And Lower Risk Assumptions Will Support Rerating

Analysts have made only a marginal adjustment to Tenaga Nasional Berhad's fair value estimate, moving it from MYR16.41 to MYR16.42. This reflects updated assumptions around the discount rate and long term earnings metrics rather than any major shift in outlook.
HLBANK
RM 21.40
Hong Leong Bank Berhad
7D
-3.3%
1Y
9.2%
NATGATE
RM 0.86
NationGate Holdings Berhad
7D
14.6%
1Y
-47.3%
MAYBANK
RM 10.80
Malayan Banking Berhad
7D
-1.5%
1Y
11.3%
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...
BKAWAN
RM 21.44
Batu Kawan Berhad
7D
3.1%
1Y
12.3%
PBBANK
RM 4.79
Public Bank Berhad
7D
-2.2%
1Y
11.1%
TIMECOM
RM 6.18
TIME dotCom Berhad
7D
2.5%
1Y
17.7%
MAXIS
RM 3.43
Maxis Berhad
7D
1.5%
1Y
-5.0%
UTDPLT
RM 32.66
United Plantations Berhad
7D
2.2%
1Y
48.3%