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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies1066
  • 7D-0.9%
  • 3M0.5%
  • 1Y10.7%
  • YTD4.1%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 11% in the past 12 months. 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
Thu, 21 May 2026RM 2.1tRM 1.3tRM 124.3b14.1x17x1.6x
Sat, 18 Apr 2026RM 2.1tRM 1.3tRM 123.3b14.1x16.9x1.6x
Mon, 16 Mar 2026RM 2.0tRM 1.3tRM 122.3b13.7x16.6x1.6x
Wed, 11 Feb 2026RM 2.1tRM 1.3tRM 119.0b14x17.6x1.6x
Fri, 09 Jan 2026RM 2.0tRM 1.3tRM 118.7b14.1x17.1x1.6x
Sun, 07 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.9x17.1x1.5x
Tue, 04 Nov 2025RM 2.0tRM 1.3tRM 112.4b14.5x17.7x1.5x
Thu, 02 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.6x1.5x
Sat, 30 Aug 2025RM 1.9tRM 1.4tRM 113.7b14.4x16.7x1.4x
Mon, 28 Jul 2025RM 1.9tRM 1.3tRM 115.8b13.8x16.2x1.4x
Wed, 25 Jun 2025RM 1.8tRM 1.3tRM 115.8b13.4x15.8x1.4x
Fri, 23 May 2025RM 1.8tRM 1.3tRM 118.3b13.9x15.6x1.4x
Sun, 20 Apr 2025RM 1.8tRM 1.3tRM 118.2b13.7x15.1x1.4x
Tue, 18 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.5x1.4x
Thu, 13 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17.1x1.5x
Sat, 11 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.5x
Mon, 09 Dec 2024RM 2.0tRM 1.3tRM 114.7b15.6x17.4x1.6x
Wed, 06 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.6x17.3x1.6x
Fri, 04 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.7x17.5x1.6x
Sun, 01 Sep 2024RM 2.0tRM 1.3tRM 112.7b16x17.6x1.6x
Tue, 30 Jul 2024RM 2.0tRM 1.2tRM 105.7b18.1x19.1x1.6x
Thu, 27 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.7x1.6x
Sat, 25 May 2024RM 2.0tRM 1.2tRM 100.9b17.8x19.8x1.6x
Mon, 22 Apr 2024RM 1.9tRM 1.2tRM 99.7b16.1x18.7x1.5x
Wed, 20 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.6x1.5x
Fri, 16 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.7x22.1x1.5x
Sun, 14 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Tue, 12 Dec 2023RM 1.7tRM 1.2tRM 82.9b15.1x20.9x1.4x
Thu, 09 Nov 2023RM 1.7tRM 1.3tRM 105.3b15.7x16.6x1.3x
Sat, 07 Oct 2023RM 1.7tRM 1.2tRM 79.4b15.6x21.5x1.4x
Mon, 04 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.9x21.9x1.4x
Wed, 02 Aug 2023RM 1.7tRM 1.2tRM 82.0b14.5x20.9x1.4x
Fri, 30 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.8x1.3x
Sun, 28 May 2023RM 1.7tRM 1.2tRM 117.7b13.7x14.1x1.4x
Price to Earnings Ratio

14.1x


Total Market Cap: RM 1.7tTotal Earnings: RM 117.7bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.3x202420252026
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 18.3x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.2% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market-1.41%
Materials-0.29%
Healthcare-0.89%
Consumer Staples-1.11%
Industrials-1.20%
Financials-1.41%
Energy-1.47%
Consumer Discretionary-1.71%
Tech-1.81%
Telecom-1.95%
Real Estate-2.19%
Utilities-2.25%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 78.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.9% which is higher than its past year's earnings decline of 0.5% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.5x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 0.5% 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
PCHEM PETRONAS Chemicals Group BerhadRM 5.704.0%
+RM 1.8b		66.7%PS1.7xMaterials
WPRTS Westports Holdings BerhadRM 6.157.0%
+RM 1.4b		32.8%PE19.2xIndustrials
MRDIY Mr D.I.Y. Group (M) BerhadRM 1.706.9%
+RM 1.0b		8.3%PE25.5xConsumer Discretionary
CDB Celcomdigi BerhadRM 3.091.6%
+RM 586.6m		-20.8%PE23.4xTelecom
SUNCON Sunway Construction Group BerhadRM 7.605.6%
+RM 530.1m		47.6%PE24.9xIndustrials
See more

Market Insights

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99SMART
RM 3.37
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7D
1.2%
1Y
56.0%
CIMB
RM 7.76
CIMB Group Holdings Berhad
7D
-2.0%
1Y
10.9%
SUNCON
RM 7.60
Sunway Construction Group Berhad
7D
5.6%
1Y
47.6%
PETGAS
RM 17.20
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7D
-4.2%
1Y
-2.6%
TENAGA
RM 14.46
Tenaga Nasional Berhad
7D
-1.8%
1Y
2.6%
PCHEM
RM 5.70
PETRONAS Chemicals Group Berhad
7D
4.0%
1Y
66.7%
PBBANK
RM 4.77
Public Bank Berhad
7D
-2.3%
1Y
7.7%
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7D
7.0%
1Y
32.8%
MKH
RM 1.66
MKH Berhad
7D
81.4%
1Y
58.1%
CDB
RM 3.09
Celcomdigi Berhad
7D
1.6%
1Y
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KGB
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Kelington Group Berhad
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6.3%
1Y
108.8%
MRDIY
RM 1.70
Mr D.I.Y. Group (M) Berhad
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6.9%
1Y
8.3%
YTL
RM 2.10
YTL Corporation Berhad
7D
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1Y
2.9%
AXIATA
RM 2.01
Axiata Group Berhad
7D
-9.0%
1Y
-2.9%
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AXIATA: New CEO Transition Will Sustain Elevated P/E Overvaluation Risk

Analysts have slightly reduced their fair value estimate for Axiata Group Berhad, from MYR 1.73 to MYR 1.70, to reflect updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, following his move from group CFO earlier in 2024 (Key Developments).
PETDAG
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PETRONAS Dagangan Berhad
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1Y
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GAMUDA
RM 4.40
Gamuda Berhad
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1Y
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