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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies1071
  • 7D1.4%
  • 3M1.3%
  • 1Y12.3%
  • YTD2.9%

The market is up 1.3% over the last week, with the Financials sector leading the way, up 3.9%. In contrast, the Materials sector is lagging, dropping 7.4%. In the last year, the market has climbed 12%. Earnings are forecast to grow by 8.7% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026RM 2.1tRM 1.3tRM 136.3b13.7x15.5x1.6x
Mon, 18 May 2026RM 2.1tRM 1.3tRM 124.1b14.2x17.3x1.6x
Wed, 15 Apr 2026RM 2.1tRM 1.3tRM 123.2b13.8x16.7x1.6x
Fri, 13 Mar 2026RM 2.0tRM 1.3tRM 122.2b13.7x16.7x1.6x
Sun, 08 Feb 2026RM 2.1tRM 1.3tRM 118.9b13.8x17.4x1.6x
Tue, 06 Jan 2026RM 2.0tRM 1.3tRM 118.7b14.1x17.1x1.5x
Thu, 04 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.8x17.1x1.5x
Sat, 01 Nov 2025RM 2.0tRM 1.3tRM 112.1b14.7x17.6x1.5x
Mon, 29 Sep 2025RM 2.0tRM 1.3tRM 112.1b14.8x17.5x1.5x
Wed, 27 Aug 2025RM 1.9tRM 1.3tRM 113.0b14.6x16.9x1.5x
Fri, 25 Jul 2025RM 1.9tRM 1.3tRM 115.7b13.9x16.2x1.4x
Sun, 22 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.4x15.7x1.4x
Tue, 20 May 2025RM 1.9tRM 1.3tRM 118.5b13.9x15.7x1.4x
Thu, 17 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.6x14.9x1.4x
Sat, 15 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.3x1.4x
Mon, 10 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17x1.5x
Wed, 08 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Fri, 06 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.5x17.4x1.6x
Sun, 03 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.6x17.2x1.5x
Tue, 01 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.6x17.5x1.6x
Thu, 29 Aug 2024RM 2.0tRM 1.2tRM 107.8b16.3x18.4x1.6x
Sat, 27 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.1x19x1.6x
Mon, 24 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.9x1.6x
Wed, 22 May 2024RM 2.0tRM 1.2tRM 100.1b17.8x20x1.7x
Fri, 19 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.2x18.7x1.6x
Sun, 17 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.6x1.5x
Tue, 13 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.5x21.9x1.5x
Thu, 11 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Sat, 09 Dec 2023RM 1.7tRM 1.2tRM 82.9b15.1x20.8x1.4x
Mon, 06 Nov 2023RM 1.7tRM 1.2tRM 79.6b15.5x21.8x1.4x
Wed, 04 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.5x21.5x1.4x
Fri, 01 Sep 2023RM 1.7tRM 1.2tRM 79.1b15.8x22x1.4x
Sun, 30 Jul 2023RM 1.7tRM 1.2tRM 82.2b14.6x20.8x1.4x
Tue, 27 Jun 2023RM 1.6tRM 1.2tRM 82.8b13.7x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.8bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.2x202420252026
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 15.4x which is lower than its 3-year average PE of 18.2x.
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 Market1.42%
Telecom4.52%
Tech3.86%
Financials2.83%
Consumer Staples2.42%
Industrials2.37%
Real Estate1.44%
Consumer Discretionary1.13%
Utilities0.70%
Healthcare-0.96%
Energy-1.29%
Materials-5.67%
Sector PE
  • Investors favour the Tech 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 27.4%, 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 18.0x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 27% 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 3.7% 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
MAYBANK Malayan Banking BerhadRM 11.184.3%
+RM 5.6b		15.7%PB1.5xFinancials
CIMB CIMB Group Holdings BerhadRM 7.653.5%
+RM 2.8b		15.0%PB1.2xFinancials
PBBANK Public Bank BerhadRM 4.952.5%
+RM 2.3b		17.6%PB1.6xFinancials
99SMART 99 Speed Mart Retail Holdings BerhadRM 3.586.5%
+RM 1.8b		72.9%PE46.2xConsumer Staples
HLBANK Hong Leong Bank BerhadRM 22.163.8%
+RM 1.7b		13.8%PB1.1xFinancials
See more

Market Insights

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Latest News

TOPGLOV
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Top Glove Corporation Bhd
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1Y
0.7%
HARTA
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7D
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KOSSAN
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Kossan Rubber Industries Bhd
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CIMB
RM 7.65
CIMB Group Holdings Berhad
7D
3.5%
1Y
15.0%
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CIMB: Future Returns Will Rely On Dividend Support And Indonesia Asset Upside

Analysts have slightly reduced their price target for CIMB Group Holdings Berhad to MYR9.03 from MYR9.05, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior estimates. What's in the News CIMB launched CIMB Alumni, a purpose driven platform to reconnect past and present CIMB community members and support mentorship, philanthropy, volunteerism, knowledge sharing and collaboration.
AXIATA
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Axiata Group Berhad
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7.5%
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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
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Press Metal Aluminium Holdings Berhad
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PETRONAS Chemicals Group Berhad
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HLBANK
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Hong Leong Bank Berhad
7D
3.8%
1Y
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CDB
RM 2.79
Celcomdigi Berhad
7D
4.5%
1Y
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Analysts have maintained their MYR fair value estimate for Celcomdigi Berhad at MYR2.80, citing largely unchanged assumptions for the discount rate, revenue growth, profit margins and future P/E expectations. 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.
MAYBANK
RM 11.18
Malayan Banking Berhad
7D
4.3%
1Y
15.7%
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PBBANK
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Public Bank Berhad
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2.5%
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17.6%
ZETRIX
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Zetrix AI Berhad
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99SMART
RM 3.58
99 Speed Mart Retail Holdings Berhad
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MAXIS
RM 3.42
Maxis Berhad
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DIALOG
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Dialog Group Berhad
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26.0%
Analysis Article • May 15

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