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Malaysian (KLSE) Market Analysis & Valuation

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies1055
  • 7D1.2%
  • 3M1.6%
  • 1Y-1.3%
  • YTD-3.2%

The market has climbed 1.2% over the last week, with theFinancials and Industrials sectors leading the way. As for last year, the market performance has been flat. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025RM 2.0tRM 1.3tRM 118.6b13.7x16.7x1.5x
Sat, 15 Nov 2025RM 2.0tRM 1.3tRM 113.2b14.4x17.5x1.5x
Mon, 13 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.8x1.5x
Wed, 10 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17.1x1.5x
Fri, 08 Aug 2025RM 1.9tRM 1.3tRM 115.7b13.9x16.3x1.4x
Sun, 06 Jul 2025RM 1.9tRM 1.3tRM 115.7b14x16.3x1.4x
Tue, 03 Jun 2025RM 1.8tRM 1.3tRM 115.0b13.7x15.9x1.4x
Thu, 01 May 2025RM 1.8tRM 1.3tRM 118.1b14x15.5x1.4x
Sat, 29 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.4x1.4x
Mon, 24 Feb 2025RM 1.9tRM 1.3tRM 114.5b14.7x16.7x1.5x
Wed, 22 Jan 2025RM 2.0tRM 1.3tRM 115.2b15.2x17x1.5x
Fri, 20 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.2x17.2x1.5x
Sun, 17 Nov 2024RM 1.9tRM 1.3tRM 113.7b15.6x17.1x1.5x
Tue, 15 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Thu, 12 Sep 2024RM 1.9tRM 1.3tRM 113.2b15.2x17.2x1.5x
Sat, 10 Aug 2024RM 2.0tRM 1.2tRM 106.1b17.1x18.4x1.6x
Mon, 08 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.6x19x1.6x
Wed, 05 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.2x18.9x1.6x
Fri, 03 May 2024RM 1.9tRM 1.2tRM 82.4b16.7x23.3x1.6x
Sun, 31 Mar 2024RM 1.9tRM 1.2tRM 99.5b16.1x18.7x1.5x
Tue, 27 Feb 2024RM 1.8tRM 1.2tRM 87.4b15.9x21.1x1.5x
Thu, 25 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.9x1.5x
Sat, 23 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.5x21.2x1.4x
Mon, 20 Nov 2023RM 1.8tRM 1.2tRM 80.1b15.9x21.9x1.4x
Wed, 18 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.7x21.9x1.4x
Fri, 15 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.7x1.4x
Sun, 13 Aug 2023RM 1.7tRM 1.2tRM 81.8b14.9x21x1.4x
Tue, 11 Jul 2023RM 1.6tRM 1.2tRM 82.6b13.8x19.9x1.3x
Thu, 08 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.7x19.8x1.3x
Sat, 06 May 2023RM 1.7tRM 2.2tRM 203.1b13.2x8.3x0.8x
Mon, 03 Apr 2023RM 1.7tRM 1.2tRM 118.8b13.4x14x1.4x
Wed, 01 Mar 2023RM 1.7tRM 1.2tRM 118.6b13.6x14.2x1.4x
Fri, 27 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.5x12.5x1.4x
Sun, 25 Dec 2022RM 1.7tRM 1.2tRM 138.3b13.1x12.1x1.4x
Price to Earnings Ratio

12.1x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.3bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 5.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market1.25%
Utilities3.25%
Materials2.74%
Healthcare2.10%
Telecom1.77%
Financials1.31%
Consumer Staples1.03%
Energy0.91%
Consumer Discretionary0.58%
Real Estate0.18%
Industrials0.082%
Tech-0.43%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 36.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 36.2% which is higher than its past year's earnings decline of 1.4% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.5x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 1.4% 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
TENAGA Tenaga Nasional BerhadRM 13.304.4%
+RM 3.3b		-4.6%PE17.4xUtilities
YTLPOWR YTL Power International BerhadRM 3.478.1%
+RM 2.2b		-15.0%PE11.6xUtilities
YTL YTL Corporation BerhadRM 2.178.0%
+RM 1.9b		-14.9%PE12.8xUtilities
99SMART 99 Speed Mart Retail Holdings BerhadRM 3.735.7%
+RM 1.7b		51.6%PE53.9xConsumer Staples
PCHEM PETRONAS Chemicals Group BerhadRM 3.575.9%
+RM 1.6b		-24.0%PS1xMaterials
See more

Market Insights

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TENAGA
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7D
4.4%
1Y
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IHH
RM 8.50
IHH Healthcare Berhad
7D
1.2%
1Y
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Narrative Update on IHH Healthcare Berhad Analysts have marginally trimmed their price target on IHH Healthcare Berhad by about RM0.01, reflecting fine tuned expectations around long term revenue growth, profit margins, and valuation multiples, while maintaining an overall stable outlook on the business. What's in the News A special and extraordinary shareholders meeting is scheduled for January 20, 2026, at 14:00 Singapore Standard Time in Kuala Lumpur to consider key corporate matters and shareholder resolutions (company event notice).
CIMB
RM 7.88
CIMB Group Holdings Berhad
7D
-0.9%
1Y
-2.0%

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Analysts have modestly raised their fair value estimate for CIMB Group Holdings Berhad to RM8.46 from RM8.42, citing a slightly lower discount rate, marginally improved profit margins, and a small uplift in future P/E assumptions despite a tempered revenue growth outlook. Analyst Commentary Analyst views on CIMB Group Holdings Berhad remain largely constructive, with the modest fair value upgrade reflecting confidence in the bank's ability to execute on profitability targets despite a more muted revenue outlook.
INARI
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Inari Amertron Berhad
7D
-2.7%
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AXIATA
RM 2.58
Axiata Group Berhad
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AXIATA: Edotco Sale Plans Will Unlock Value Despite Softer Revenue Outlook

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PCHEM
RM 3.57
PETRONAS Chemicals Group Berhad
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5.9%
1Y
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Analysts have trimmed their price target for PETRONAS Chemicals Group Berhad by about 1% to roughly RM3.43. They cited slightly softer long term revenue growth and margin expectations despite improved valuation multiples, similar to how they see benefits of scale taking time to materialize in other sector consolidations.
KLCC
RM 8.77
KLCC Property Holdings Berhad
7D
-1.5%
1Y
10.2%

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SIME
RM 2.09
Sime Darby Berhad
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7.2%
1Y
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YTL Power International Berhad
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QL
RM 3.91
QL Resources Berhad
7D
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RM 2.17
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TAKAFUL
RM 3.08
Syarikat Takaful Malaysia Keluarga Berhad
7D
-7.5%
1Y
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SUNCON
RM 5.66
Sunway Construction Group Berhad
7D
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99SMART
RM 3.73
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5.7%
1Y
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PMETAL
RM 7.00
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