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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies1053
  • 7D2.3%
  • 3M4.3%
  • 1Y6.1%
  • YTD3.3%

Over the last 7 days, the market has risen 2.3%, driven by gains of 4.8% in the Financials sector. The market is up 6.1% over the last 12 months. 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
Fri, 16 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.2x17.5x1.6x
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
Price to Earnings Ratio

12.4x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.8bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.8x202420252026
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 17.8x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 5.1% 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 Market2.26%
Financials4.84%
Utilities3.64%
Tech3.29%
Consumer Discretionary2.44%
Real Estate2.35%
Energy1.88%
Materials1.64%
Industrials1.20%
Consumer Staples0.50%
Telecom-0.18%
Healthcare-0.59%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 37.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings growth of 0.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 21.6x.
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 0.2% 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 11.162.8%
+RM 3.6b		10.1%PB1.5xFinancials
PBBANK Public Bank BerhadRM 4.733.3%
+RM 2.9b		6.5%PB1.6xFinancials
CIMB CIMB Group Holdings BerhadRM 8.413.2%
+RM 2.8b		5.4%PB1.3xFinancials
YTL YTL Corporation BerhadRM 2.2610.2%
+RM 2.4b		3.2%PE13.3xUtilities
YTLPOWR YTL Power International BerhadRM 3.556.3%
+RM 1.8b		-9.0%PE11.9xUtilities
See more

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Johor Plantations Group Berhad
7D
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1Y
25.6%

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7D
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SDG
RM 5.60
SD Guthrie Berhad
7D
-1.4%
1Y
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IHH
RM 8.43
IHH Healthcare Berhad
7D
-1.3%
1Y
18.6%

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Jan 12
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CIMB
RM 8.45
CIMB Group Holdings Berhad
7D
4.8%
1Y
5.8%
TENAGA
RM 13.92
Tenaga Nasional Berhad
7D
2.7%
1Y
6.1%

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MCEMENT
RM 7.83
Malayan Cement Berhad
7D
-3.3%
1Y
63.5%

These 4 Measures Indicate That Malayan Cement Berhad (KLSE:MCEMENT) Is Using Debt Safely

Jan 07
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SUNCON
RM 5.96
Sunway Construction Group Berhad
7D
-4.5%
1Y
66.5%

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Jan 06
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YTL
RM 2.24
YTL Corporation Berhad
7D
9.8%
1Y
2.8%

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Jan 06
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MRDIY
RM 1.72
Mr D.I.Y. Group (M) Berhad
7D
11.7%
1Y
0.6%

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Jan 05
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GAMUDA
RM 4.66
Gamuda Berhad
7D
-4.1%
1Y
9.4%

Gamuda Berhad (KLSE:GAMUDA) Seems To Use Debt Quite Sensibly

Jan 04
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MAYBANK
RM 11.10
Malayan Banking Berhad
7D
4.3%
1Y
9.5%
NESTLE
RM 116.00
Nestlé (Malaysia) Berhad
7D
-4.1%
1Y
25.4%

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HLBANK
RM 24.00
Hong Leong Bank Berhad
7D
6.0%
1Y
19.5%
HLFG
RM 20.82
Hong Leong Financial Group Berhad
7D
7.5%
1Y
15.9%
PBBANK
RM 4.75
Public Bank Berhad
7D
5.8%
1Y
8.2%

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