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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies1076
  • 7D0.9%
  • 3M0.6%
  • 1Y7.0%
  • YTD1.4%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.4% in that time. Meanwhile, the market is actually up 7.0% over the past year. As for the next few years, earnings are expected to grow by 9.0% 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, 06 Jul 2026RM 2.1tRM 1.3tRM 136.2b13.6x15.3x1.6x
Wed, 03 Jun 2026RM 2.1tRM 1.3tRM 135.6b13.8x15.5x1.6x
Fri, 01 May 2026RM 2.1tRM 1.3tRM 123.9b14.2x17.1x1.6x
Sun, 29 Mar 2026RM 2.1tRM 1.3tRM 121.9b13.4x16.9x1.6x
Tue, 24 Feb 2026RM 2.1tRM 1.3tRM 119.6b14.2x17.7x1.6x
Thu, 22 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.1x17.5x1.6x
Sat, 20 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.9x16.9x1.5x
Mon, 17 Nov 2025RM 2.0tRM 1.3tRM 113.4b14.4x17.5x1.5x
Wed, 15 Oct 2025RM 2.0tRM 1.3tRM 112.0b14.6x17.7x1.5x
Fri, 12 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.4x17.1x1.5x
Sun, 10 Aug 2025RM 1.9tRM 1.3tRM 115.8b13.9x16.3x1.4x
Tue, 08 Jul 2025RM 1.9tRM 1.3tRM 115.7b13.8x16.2x1.4x
Thu, 05 Jun 2025RM 1.8tRM 1.3tRM 115.4b13.6x15.8x1.4x
Sat, 03 May 2025RM 1.8tRM 1.3tRM 118.0b14.1x15.6x1.4x
Mon, 31 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.3x15.5x1.4x
Wed, 26 Feb 2025RM 1.9tRM 1.3tRM 114.6b14.6x16.4x1.5x
Fri, 24 Jan 2025RM 2.0tRM 1.3tRM 115.3b15.2x17x1.5x
Sun, 22 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.2x17.1x1.5x
Tue, 19 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.4x17.2x1.5x
Thu, 17 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.3x17.4x1.6x
Sat, 14 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.4x1.6x
Mon, 12 Aug 2024RM 2.0tRM 1.2tRM 106.1b17.1x18.4x1.6x
Wed, 10 Jul 2024RM 2.0tRM 1.2tRM 105.7b17.8x19x1.6x
Fri, 07 Jun 2024RM 2.0tRM 1.2tRM 104.9b17.1x19x1.6x
Sun, 05 May 2024RM 1.9tRM 1.2tRM 99.8b16.7x19.3x1.6x
Tue, 02 Apr 2024RM 1.9tRM 1.2tRM 99.5b16.1x18.7x1.5x
Thu, 29 Feb 2024RM 1.8tRM 1.2tRM 87.5b15.8x21x1.5x
Sat, 27 Jan 2024RM 1.8tRM 1.2tRM 82.9b15.8x21.9x1.5x
Mon, 25 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.5x21.2x1.4x
Wed, 22 Nov 2023RM 1.8tRM 1.2tRM 80.1b15.9x21.9x1.4x
Fri, 20 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.5x21.8x1.4x
Sun, 17 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.6x21.8x1.4x
Tue, 15 Aug 2023RM 1.7tRM 1.2tRM 81.8b14.9x21.1x1.4x
Thu, 13 Jul 2023RM 1.7tRM 1.2tRM 82.5b13.8x20.1x1.3x
Price to Earnings Ratio

20.1x


Total Market Cap: RM 1.7tTotal 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 15.3x 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 2.1% 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 Market0.91%
Tech3.42%
Telecom2.14%
Materials1.73%
Utilities1.46%
Consumer Discretionary1.40%
Consumer Staples1.21%
Financials0.86%
Industrials0.61%
Energy0.40%
Real Estate-0.36%
Healthcare-2.27%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 88.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 6.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.7x.
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 6.9% 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
PCHEM PETRONAS Chemicals Group BerhadRM 4.368.5%
+RM 2.7b		24.6%PS1.3xMaterials
YTLPOWR YTL Power International BerhadRM 4.417.6%
+RM 2.7b		7.0%PE18.4xUtilities
CDB Celcomdigi BerhadRM 2.897.0%
+RM 2.2b		-25.9%PE21.9xTelecom
CIMB CIMB Group Holdings BerhadRM 7.602.6%
+RM 2.1b		12.3%PB1.2xFinancials
99SMART 99 Speed Mart Retail Holdings BerhadRM 3.704.2%
+RM 1.3b		68.2%PE47.7xConsumer Staples
See more

Market Insights

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Markets are supposed to reprice risk when it changes. This time they've repriced the promise, but left the threat largely untouched. Whether that's an oversight or a fair call is worth thinking through.
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Latest News

SUNMED
RM 1.87
Sunway Healthcare Holdings Berhad
7D
5.1%
1Y
n/a
TENAGA
RM 14.28
Tenaga Nasional Berhad
7D
-0.4%
1Y
1.6%
GAMUDA
RM 4.15
Gamuda Berhad
7D
-2.4%
1Y
-18.6%
99SMART
RM 3.70
99 Speed Mart Retail Holdings Berhad
7D
4.2%
1Y
68.2%
CIMB
RM 7.60
CIMB Group Holdings Berhad
7D
2.6%
1Y
12.3%
PCHEM
RM 4.36
PETRONAS Chemicals Group Berhad
7D
8.5%
1Y
24.6%
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.
CDB
RM 2.89
Celcomdigi Berhad
7D
7.0%
1Y
-25.9%
Narrative Update • Jun 23

CDB: Steady Outlook Where 2026 Dividend And Margins Will Shape Return Profile

Analysts have kept their MYR based fair value for Celcomdigi Berhad steady at MYR 2.80, citing only modest adjustments to revenue growth, profit margin and future P/E assumptions that did not justify a change in the overall price target. What's in the News Celcomdigi Berhad declared a first interim tax exempt, single tier dividend of 3.4 sen per ordinary share for the financial year ending 31 December 2026.
KPJ
RM 3.12
KPJ Healthcare Berhad
7D
-4.3%
1Y
16.0%
VITROX
RM 7.80
ViTrox Corporation Berhad
7D
7.4%
1Y
112.0%
YTLPOWR
RM 4.41
YTL Power International Berhad
7D
7.6%
1Y
7.0%
MISC
RM 7.75
MISC Berhad
7D
-1.8%
1Y
0%
Narrative Update • Jun 17

MISC: Long-Term LNG Contracts Will Support Future Stock Returns

Analysts have kept their fair value estimate for MISC Berhad steady at MYR8.99 while making small technical adjustments to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation model rather than a shift in the core price target view.
IHH
RM 8.15
IHH Healthcare Berhad
7D
-4.6%
1Y
20.7%
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.
NESTLE
RM 91.20
Nestlé (Malaysia) Berhad
7D
-4.8%
1Y
17.6%
PBBANK
RM 4.89
Public Bank Berhad
7D
1.2%
1Y
11.6%
IOIPG
RM 3.79
IOI Properties Group Berhad
7D
-2.3%
1Y
77.1%
DIALOG
RM 1.78
Dialog Group Berhad
7D
-3.8%
1Y
9.2%
Analysis Article • May 15

Earnings Update: Here's Why Analysts Just Lifted Their Dialog Group Berhad (KLSE:DIALOG) Price Target To RM2.43

The third-quarter results for Dialog Group Berhad ( KLSE:DIALOG ) were released last week, making it a good time to...