Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Market Analysis & Valuation

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies1055
  • 7D1.6%
  • 3M2.4%
  • 1Y0.3%
  • YTD-1.6%

The market is up 1.6% over the last week, with the Financials sector leading the way, up 2.3%. The market has been flat overall in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025RM 2.0tRM 1.3tRM 118.7b13.9x17x1.5x
Sat, 22 Nov 2025RM 2.0tRM 1.3tRM 114.0b13.9x17.3x1.5x
Mon, 20 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.7x17.6x1.5x
Wed, 17 Sep 2025RM 1.9tRM 1.3tRM 112.1b14.5x17.2x1.5x
Fri, 15 Aug 2025RM 1.9tRM 1.3tRM 113.9b13.9x16.7x1.5x
Sun, 13 Jul 2025RM 1.9tRM 1.4tRM 117.0b13.9x16x1.4x
Tue, 10 Jun 2025RM 1.8tRM 1.3tRM 115.7b13.8x15.9x1.4x
Thu, 08 May 2025RM 1.9tRM 1.3tRM 118.1b13.9x15.7x1.4x
Sat, 05 Apr 2025RM 1.8tRM 1.3tRM 118.2b14x15.2x1.4x
Mon, 03 Mar 2025RM 1.9tRM 1.3tRM 118.4b14.4x15.9x1.4x
Wed, 29 Jan 2025RM 1.9tRM 1.3tRM 115.6b14.8x16.6x1.5x
Fri, 27 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.4x1.6x
Sun, 24 Nov 2024RM 1.9tRM 1.3tRM 111.7b15.7x17.5x1.5x
Tue, 22 Oct 2024RM 2.0tRM 1.3tRM 113.8b15.5x17.5x1.6x
Thu, 19 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.5x1.6x
Sat, 17 Aug 2024RM 2.0tRM 1.2tRM 106.5b17.5x18.6x1.6x
Mon, 15 Jul 2024RM 2.0tRM 1.2tRM 105.7b18x19.1x1.6x
Wed, 12 Jun 2024RM 2.0tRM 1.2tRM 104.8b17.3x19.1x1.6x
Fri, 10 May 2024RM 2.0tRM 1.2tRM 99.9b17.1x19.5x1.6x
Sun, 07 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.4x18.9x1.6x
Tue, 05 Mar 2024RM 1.8tRM 1.2tRM 99.2b15.7x18.5x1.5x
Thu, 01 Feb 2024RM 1.8tRM 1.2tRM 83.2b15.9x21.8x1.5x
Sat, 30 Dec 2023RM 1.8tRM 1.2tRM 83.1b15.6x21.2x1.4x
Mon, 27 Nov 2023RM 1.7tRM 1.2tRM 81.3b15.5x21.5x1.4x
Wed, 25 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.3x21.7x1.4x
Fri, 22 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Sun, 20 Aug 2023RM 1.7tRM 1.2tRM 81.3b14.9x21.1x1.4x
Tue, 18 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.1x20.3x1.4x
Thu, 15 Jun 2023RM 1.6tRM 1.2tRM 82.9b13.9x19.9x1.3x
Sat, 13 May 2023RM 1.7tRM 1.4tRM 125.7b13x13.3x1.2x
Mon, 10 Apr 2023RM 1.7tRM 1.2tRM 119.1b13.3x14.1x1.4x
Wed, 08 Mar 2023RM 1.7tRM 1.2tRM 118.7b13.8x14.3x1.4x
Fri, 03 Feb 2023RM 1.7tRM 1.2tRM 138.6b13.9x12.5x1.4x
Sun, 01 Jan 2023RM 1.7tRM 1.2tRM 138.6b13x12.2x1.4x
Price to Earnings Ratio

12.2x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.6bTotal 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 Market1.61%
Materials2.79%
Financials2.34%
Industrials2.01%
Consumer Staples1.93%
Utilities1.62%
Real Estate1.00%
Healthcare0.97%
Consumer Discretionary0.61%
Telecom-0.12%
Energy-0.44%
Tech-0.64%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 36.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 36.0%, 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 22.3x.
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 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
PMETAL Press Metal Aluminium Holdings BerhadRM 7.194.4%
+RM 2.5b		53.6%PE30.3xMaterials
MAYBANK Malayan Banking BerhadRM 10.481.7%
+RM 2.2b		4.0%PB1.4xFinancials
PBBANK Public Bank BerhadRM 4.522.5%
+RM 2.1b		-0.7%PB1.5xFinancials
TENAGA Tenaga Nasional BerhadRM 13.602.7%
+RM 2.1b		-3.4%PE17.8xUtilities
CIMB CIMB Group Holdings BerhadRM 8.112.4%
+RM 2.0b		1.8%PB1.2xFinancials
See more

Market Insights

Header cover image
Three Sectors Expected to Rally in 2026 📈
With the backdrop of consistently strong broad market returns over the last few years, analysts are now looking at sector-specific plays that could outperform in 2026.
Continue reading
🤖 AI Companies Hit The Bond Market
Last Week

🤖 AI Companies Hit The Bond Market

Latest News

FAREAST
RM 4.03
Far East Holdings Berhad
7D
-9.4%
1Y
12.9%

Returns On Capital Are Showing Encouraging Signs At Far East Holdings Berhad (KLSE:FAREAST)

Dec 22
Returns On Capital Are Showing Encouraging Signs At Far East Holdings Berhad (KLSE:FAREAST)
IOICORP
RM 4.05
IOI Corporation Berhad
7D
-1.2%
1Y
5.5%

Is IOI Corporation Berhad (KLSE:IOICORP) A Risky Investment?

Dec 20
Is IOI Corporation Berhad (KLSE:IOICORP) A Risky Investment?
TANCO
RM 1.11
Tanco Holdings Berhad
7D
-3.5%
1Y
39.5%

Returns Are Gaining Momentum At Tanco Holdings Berhad (KLSE:TANCO)

Dec 19
Returns Are Gaining Momentum At Tanco Holdings Berhad (KLSE:TANCO)
TENAGA
RM 13.60
Tenaga Nasional Berhad
7D
2.7%
1Y
-3.4%

Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden

Dec 17
Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden
GAMUDA
RM 5.10
Gamuda Berhad
7D
4.7%
1Y
10.4%

Gamuda Berhad (KLSE:GAMUDA) Not Lagging Market On Growth Or Pricing

Dec 16
Gamuda Berhad (KLSE:GAMUDA) Not Lagging Market On Growth Or Pricing
CIMB
RM 8.11
CIMB Group Holdings Berhad
7D
2.4%
1Y
1.8%

CIMB: Earnings Outlook Will Rely On Margin Resilience Amid Muted Revenue Prospects

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.
MAXIS
RM 3.85
Maxis Berhad
7D
-1.5%
1Y
6.9%

Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price

Dec 12
Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price
UNISEM
RM 3.10
Unisem (M) Berhad
7D
-5.5%
1Y
3.7%
VITROX
RM 4.14
ViTrox Corporation Berhad
7D
-3.9%
1Y
4.3%
HLBANK
RM 22.24
Hong Leong Bank Berhad
7D
2.9%
1Y
10.1%
PPB
RM 11.00
PPB Group Berhad
7D
9.3%
1Y
-9.7%
QL
RM 3.90
QL Resources Berhad
7D
-1.5%
1Y
-17.7%
YTL
RM 2.08
YTL Corporation Berhad
7D
-1.4%
1Y
-20.0%

This Is The Reason Why We Think YTL Corporation Berhad's (KLSE:YTL) CEO Might Be Underpaid

Nov 27
This Is The Reason Why We Think YTL Corporation Berhad's (KLSE:YTL) CEO Might Be Underpaid
MAYBANK
RM 10.48
Malayan Banking Berhad
7D
1.7%
1Y
4.0%
PMETAL
RM 7.19
Press Metal Aluminium Holdings Berhad
7D
4.4%
1Y
53.6%
PBBANK
RM 4.52
Public Bank Berhad
7D
2.5%
1Y
-0.7%

Here's What Analysts Are Forecasting For Public Bank Berhad (KLSE:PBBANK) After Its Third-Quarter Results

Nov 19
Here's What Analysts Are Forecasting For Public Bank Berhad (KLSE:PBBANK) After Its Third-Quarter Results