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

Malaysian (KLSE) Market Analysis & Valuation

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies1053
  • 7D-0.1%
  • 3M4.4%
  • 1Y5.4%
  • YTD3.7%

The market has been flat over the last week. Meanwhile, the market is actually up 5.4% over the past year. 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
Thu, 12 Feb 2026RM 2.1tRM 1.3tRM 119.0b14x17.6x1.6x
Sat, 10 Jan 2026RM 2.0tRM 1.3tRM 118.7b14.3x17.3x1.6x
Mon, 08 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.9x17.1x1.5x
Wed, 05 Nov 2025RM 2.0tRM 1.3tRM 112.5b14.3x17.6x1.5x
Fri, 03 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.8x1.5x
Sun, 31 Aug 2025RM 1.9tRM 1.3tRM 112.9b14.4x16.8x1.5x
Tue, 29 Jul 2025RM 1.9tRM 1.3tRM 115.8b13.8x16.2x1.4x
Thu, 26 Jun 2025RM 1.8tRM 1.3tRM 115.8b13.6x15.9x1.4x
Sat, 24 May 2025RM 1.9tRM 1.3tRM 117.9b13.9x15.7x1.4x
Mon, 21 Apr 2025RM 1.8tRM 1.3tRM 118.2b13.7x15.1x1.4x
Wed, 19 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.5x1.4x
Fri, 14 Feb 2025RM 1.9tRM 1.3tRM 114.6b15.1x16.9x1.5x
Sun, 12 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.5x
Tue, 10 Dec 2024RM 2.0tRM 1.3tRM 114.7b15.5x17.3x1.6x
Thu, 07 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.9x17.5x1.6x
Sat, 05 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.5x17.4x1.6x
Mon, 02 Sep 2024RM 2.0tRM 1.3tRM 112.8b16x17.6x1.6x
Wed, 31 Jul 2024RM 2.0tRM 1.2tRM 105.8b17.8x18.9x1.6x
Fri, 28 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.2x18.7x1.6x
Sun, 26 May 2024RM 2.0tRM 1.2tRM 101.1b17.9x19.8x1.6x
Tue, 23 Apr 2024RM 1.9tRM 1.2tRM 99.7b16.1x18.7x1.5x
Thu, 21 Mar 2024RM 1.8tRM 1.2tRM 99.4b16x18.5x1.5x
Sat, 17 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.7x22.2x1.5x
Mon, 15 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Wed, 13 Dec 2023RM 1.7tRM 1.2tRM 82.9b15.1x20.9x1.4x
Fri, 10 Nov 2023RM 1.7tRM 1.3tRM 105.2b15.9x16.6x1.3x
Sun, 08 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.6x21.6x1.4x
Tue, 05 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.9x21.9x1.4x
Thu, 03 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Sat, 01 Jul 2023RM 1.6tRM 1.2tRM 82.7b13.9x19.7x1.3x
Mon, 29 May 2023RM 1.7tRM 1.2tRM 117.7b13.7x14.1x1.4x
Wed, 26 Apr 2023RM 1.7tRM 1.2tRM 119.0b13.2x14.1x1.4x
Fri, 24 Mar 2023RM 1.6tRM 1.2tRM 117.1b13.3x13.9x1.3x
Sun, 19 Feb 2023RM 1.7tRM 1.2tRM 139.2b13.6x12.4x1.4x
Price to Earnings Ratio

12.4x


Total Market Cap: RM 1.7tTotal Earnings: RM 139.2bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18x202420252026
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 18.0x.
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 2.8% 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 Market-0.12%
Real Estate0.93%
Financials0.89%
Consumer Discretionary0.70%
Energy0.64%
Consumer Staples0.16%
Industrials-0.43%
Materials-0.63%
Healthcare-0.91%
Telecom-1.04%
Tech-2.11%
Utilities-2.15%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 38.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.9%, which is higher than its past year's earnings growth of 2.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.7x.
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 2.2% 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
PBBANK Public Bank BerhadRM 5.144.7%
+RM 4.4b		14.2%PB1.7xFinancials
MAYBANK Malayan Banking BerhadRM 12.262.7%
+RM 3.9b		15.7%PB1.6xFinancials
PCHEM PETRONAS Chemicals Group BerhadRM 3.355.0%
+RM 1.3b		-19.1%PS0.9xMaterials
SIME Sime Darby BerhadRM 2.326.9%
+RM 1.0b		3.1%PE9.8xIndustrials
IOIPG IOI Properties Group BerhadRM 3.355.7%
+RM 991.1m		55.8%PE11.1xReal Estate
See more

Market Insights

Header cover image
Why alternative investments are making a splash 🖼️
Richard Bowman avatar
Richard Bowman
|
|
Is it the time to invest in alternatives? Here's how you can get exposure.
Continue reading
Why longer lifespans could reshape portfolios 🧓
Last Week

Why longer lifespans could reshape portfolios 🧓

Latest News

SUNWAY
RM 5.73
Sunway Berhad
7D
-1.5%
1Y
26.5%
AXIATA
RM 2.33
Axiata Group Berhad
7D
-4.5%
1Y
4.5%
TENAGA
RM 14.00
Tenaga Nasional Berhad
7D
-0.7%
1Y
0.4%

TENAGA: Cross-Border Wheeling Agreement Will Support Future Upside

Analysts have nudged their fair value estimate for Tenaga Nasional Berhad higher from RM15.72 to about RM15.89, reflecting slightly adjusted assumptions around the discount rate, long term revenue growth, profit margins and future P/E multiples. What's in the News Tenaga Nasional Berhad signed an Energy Wheeling Agreement Phase 2 under the Lao PDR Thailand Malaysia Singapore Power Integration Project Phase 2 framework, enabling energy transfers of 30MW to 100MW from Lao PDR to Singapore through Thailand and Malaysia using existing interconnections (company announcement).
IHH
RM 8.75
IHH Healthcare Berhad
7D
-2.3%
1Y
20.2%

IHH: Incentive Plan And Modest Assumption Tweaks Will Support Balanced Outlook

Analysts have nudged their fair value estimate for IHH Healthcare Berhad slightly higher to RM8.89 from RM8.87, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E. What's in the News IHH Healthcare Berhad has scheduled a Special or Extraordinary Shareholders Meeting for Jan 20, 2026, at 14:00 Singapore Standard Time in Kuala Lumpur, Malaysia (Key Developments).
F&N
RM 32.30
Fraser & Neave Holdings Bhd
7D
-8.7%
1Y
21.9%
PCHEM
RM 3.35
PETRONAS Chemicals Group Berhad
7D
5.0%
1Y
-19.1%

PCHEM: Refined Discount Rate And P E Framework Will Support Re Rating Potential

Analysts have trimmed their price targets on PETRONAS Chemicals Group Berhad, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E. These revisions slightly adjust their valuation framework without changing the underlying fair value estimate in currency terms.
CIMB
RM 8.59
CIMB Group Holdings Berhad
7D
1.1%
1Y
2.3%

CIMB: Future Returns Will Reflect Margin Discipline And Special Dividend Execution

Analysts have nudged their fair value estimate for CIMB Group Holdings Berhad higher from RM8.57 to about RM8.71, citing a slightly lower discount rate and updated assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Analysts adjusting their fair value estimate for CIMB Group Holdings Berhad to about RM8.71 are broadly fine tuning their view on how the bank might balance growth, profitability and valuation multiples over time.
CHINHIN
RM 2.10
Chin Hin Group Berhad
7D
-7.9%
1Y
0%

Returns Are Gaining Momentum At Chin Hin Group Berhad (KLSE:CHINHIN)

Feb 03
Returns Are Gaining Momentum At Chin Hin Group Berhad (KLSE:CHINHIN)
SIME
RM 2.32
Sime Darby Berhad
7D
6.9%
1Y
3.1%

Sime Darby Berhad (KLSE:SIME) Shares Could Be 32% Below Their Intrinsic Value Estimate

Feb 03
Sime Darby Berhad (KLSE:SIME) Shares Could Be 32% Below Their Intrinsic Value Estimate
WPRTS
RM 6.11
Westports Holdings Berhad
7D
2.7%
1Y
35.5%
MAYBANK
RM 12.26
Malayan Banking Berhad
7D
2.7%
1Y
15.7%
YTLPOWR
RM 3.07
YTL Power International Berhad
7D
-4.1%
1Y
-11.0%

YTL Power International Berhad (KLSE:YTLPOWR) Has No Shortage Of Debt

Jan 30
YTL Power International Berhad (KLSE:YTLPOWR) Has No Shortage Of Debt
IOIPG
RM 3.35
IOI Properties Group Berhad
7D
5.7%
1Y
55.8%
PMETAL
RM 7.75
Press Metal Aluminium Holdings Berhad
7D
1.2%
1Y
55.0%

Returns On Capital Are Showing Encouraging Signs At Press Metal Aluminium Holdings Berhad (KLSE:PMETAL)

Jan 27
Returns On Capital Are Showing Encouraging Signs At Press Metal Aluminium Holdings Berhad (KLSE:PMETAL)
MISC
RM 8.03
MISC Berhad
7D
-1.5%
1Y
10.9%
PBBANK
RM 5.14
Public Bank Berhad
7D
4.7%
1Y
14.2%

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