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Malaysian (KLSE) Market Analysis & Valuation

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies1062
  • 7D0.4%
  • 3M-1.3%
  • 1Y14.9%
  • YTD1.0%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 4.0%. Meanwhile, the market is actually up 15% over the past year. Looking forward, 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
Mon, 13 Apr 2026RM 2.1tRM 1.3tRM 121.6b13.7x17x1.6x
Wed, 11 Mar 2026RM 2.0tRM 1.3tRM 122.2b13.7x16.6x1.6x
Fri, 06 Feb 2026RM 2.1tRM 1.3tRM 118.9b13.7x17.5x1.6x
Sun, 04 Jan 2026RM 2.0tRM 1.3tRM 118.7b13.9x16.9x1.5x
Tue, 02 Dec 2025RM 2.0tRM 1.3tRM 114.9b13.8x17.1x1.5x
Thu, 30 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.5x17.7x1.5x
Sat, 27 Sep 2025RM 2.0tRM 1.3tRM 112.1b14.8x17.5x1.5x
Mon, 25 Aug 2025RM 1.9tRM 1.3tRM 113.1b14.7x17x1.5x
Wed, 23 Jul 2025RM 1.9tRM 1.3tRM 115.7b13.8x16.1x1.4x
Fri, 20 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.4x15.8x1.4x
Sun, 18 May 2025RM 1.9tRM 1.3tRM 118.5b14.3x15.9x1.5x
Tue, 15 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.6x15x1.4x
Thu, 13 Mar 2025RM 1.8tRM 1.3tRM 118.2b14x15x1.4x
Sat, 08 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17x1.5x
Mon, 06 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Wed, 04 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.5x17.2x1.5x
Fri, 01 Nov 2024RM 1.9tRM 1.3tRM 113.7b15.5x17.1x1.5x
Sun, 29 Sep 2024RM 2.0tRM 1.3tRM 113.3b15.7x17.6x1.6x
Tue, 27 Aug 2024RM 2.0tRM 1.2tRM 108.0b16.6x18.3x1.6x
Thu, 25 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.1x19.1x1.6x
Sat, 22 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.9x1.6x
Mon, 20 May 2024RM 2.0tRM 1.2tRM 100.2b17.6x19.9x1.7x
Wed, 17 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.1x18.8x1.6x
Fri, 15 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.5x1.5x
Sun, 11 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.5x21.9x1.5x
Tue, 09 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.9x21.9x1.5x
Thu, 07 Dec 2023RM 1.7tRM 1.2tRM 82.7b15.1x20.9x1.4x
Sat, 04 Nov 2023RM 1.7tRM 1.2tRM 79.6b15.5x21.8x1.4x
Mon, 02 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.7x21.6x1.4x
Wed, 30 Aug 2023RM 1.7tRM 1.2tRM 79.5b15.7x21.9x1.4x
Fri, 28 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.6x20.7x1.4x
Sun, 25 Jun 2023RM 1.6tRM 1.2tRM 82.8b13.7x19.8x1.3x
Tue, 23 May 2023RM 1.7tRM 1.4tRM 125.2b13.2x13.4x1.2x
Thu, 20 Apr 2023RM 1.7tRM 1.2tRM 119.1b13.2x14.1x1.4x
Price to Earnings Ratio

14.1x


Total Market Cap: RM 1.7tTotal Earnings: RM 119.1bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.1x202420252026
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 18.1x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.5% 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 Market0.42%
Tech4.00%
Industrials2.68%
Real Estate2.14%
Utilities1.62%
Consumer Discretionary0.56%
Materials-0.33%
Financials-0.33%
Consumer Staples-0.42%
Telecom-0.95%
Healthcare-1.91%
Energy-2.06%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 61.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.7% which is higher than its past year's earnings decline of 1.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.4x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 1.2% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.9% 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 6.024.7%
+RM 2.2b		89.3%PS1.8xMaterials
GAMUDA Gamuda BerhadRM 4.005.8%
+RM 1.3b		1.3%PE23.3xIndustrials
IHH IHH Healthcare BerhadRM 8.711.4%
+RM 1.1b		28.5%PE36.6xHealthcare
TENAGA Tenaga Nasional BerhadRM 14.181.3%
+RM 1.0b		6.0%PE17.3xUtilities
IOIPG IOI Properties Group BerhadRM 3.555.7%
+RM 1.0b		99.4%PE8.6xReal Estate
See more

Market Insights

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Latest News

TM
RM 7.00
Telekom Malaysia Berhad
7D
-2.8%
1Y
3.7%

TM: 5G Network Transition And Generous Dividends Will Support Future Upside

Analysts have maintained their price target for Telekom Malaysia Berhad at MYR 7.97. This reflects unchanged assumptions on discount rate, revenue growth and profit margin, along with a consistent forward P/E view.
PBBANK
RM 4.60
Public Bank Berhad
7D
-0.9%
1Y
6.7%
RHBBANK
RM 8.01
RHB Bank Berhad
7D
-1.6%
1Y
21.5%
YTL
RM 1.96
YTL Corporation Berhad
7D
3.2%
1Y
7.7%
IHH
RM 8.71
IHH Healthcare Berhad
7D
1.4%
1Y
28.5%

IHH: Updated Revenue And Margin Assumptions Will Shape Balanced Future Outlook

Analysts have adjusted their price target for IHH Healthcare Berhad slightly higher to MYR9.81 from MYR9.58, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple used in their valuation work. Valuation Changes Fair Value: Adjusted from MYR9.58 to MYR9.81, reflecting a small upward change in the modelled intrinsic value per share.
AXIATA
RM 2.19
Axiata Group Berhad
7D
-3.1%
1Y
15.9%

AXIATA: New Leadership And Higher Future P/E Will Support Re Rating

Axiata Group Berhad’s analyst price target has been adjusted from MYR3.89 to MYR3.94, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of this revision. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, replacing Vivek Sood, who has been with the group for nine years in various leadership roles including group CEO and group CFO (Key Developments).
MAYBANK
RM 10.98
Malayan Banking Berhad
7D
-2.1%
1Y
11.0%
SUNWAY
RM 5.14
Sunway Berhad
7D
3.0%
1Y
18.2%
PCHEM
RM 6.02
PETRONAS Chemicals Group Berhad
7D
4.7%
1Y
89.3%

PCHEM: Higher Future P E And Dividend Support Will Drive Re Rating

Analysts have lifted their price targets on PETRONAS Chemicals Group Berhad, citing updates to fair value assumptions, discount rate, revenue growth, profit margin and future P/E expectations, which together support a higher implied valuation in MYR terms. Analyst Commentary Recent commentary from bullish analysts on PETRONAS Chemicals Group Berhad points to a more constructive view on the company, particularly as they refine their fair value assumptions and revisit how they think about execution, growth and valuation multiples.
TENAGA
RM 14.18
Tenaga Nasional Berhad
7D
1.3%
1Y
6.0%
GAMUDA
RM 4.00
Gamuda Berhad
7D
5.8%
1Y
1.3%
IOIPG
RM 3.55
IOI Properties Group Berhad
7D
5.7%
1Y
99.4%
HLBANK
RM 21.70
Hong Leong Bank Berhad
7D
2.2%
1Y
12.1%
SDG
RM 6.02
SD Guthrie Berhad
7D
-2.9%
1Y
29.2%
AMBANK
RM 5.99
AMMB Holdings Berhad
7D
-3.2%
1Y
16.8%
UTDPLT
RM 33.00
United Plantations Berhad
7D
-3.5%
1Y
51.4%