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

Malaysian (KLSE) Market Analysis & Valuation

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies1055
  • 7D0.9%
  • 3M2.0%
  • 1Y-1.9%
  • YTD-3.2%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has also been flat 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
Sat, 13 Dec 2025RM 2.0tRM 1.3tRM 119.1b13.7x16.6x1.5x
Mon, 10 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.5x1.5x
Wed, 08 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.7x1.5x
Fri, 05 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Sun, 03 Aug 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Tue, 01 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Thu, 29 May 2025RM 1.8tRM 1.3tRM 117.5b13.9x15.7x1.4x
Sat, 26 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Mon, 24 Mar 2025RM 1.8tRM 2.3tRM 194.8b14.3x9.3x0.8x
Wed, 19 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.7x16.8x1.5x
Fri, 17 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.1x16.8x1.5x
Sun, 15 Dec 2024RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.6x
Tue, 12 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.8x17.2x1.5x
Thu, 10 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Sat, 07 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.5x17.4x1.6x
Mon, 05 Aug 2024RM 2.0tRM 1.2tRM 105.9b17.5x18.6x1.6x
Wed, 03 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.4x18.8x1.6x
Fri, 31 May 2024RM 2.0tRM 1.2tRM 102.6b17.3x19.3x1.6x
Sun, 28 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.5x19.1x1.6x
Tue, 26 Mar 2024RM 1.9tRM 1.2tRM 99.7b16x18.6x1.5x
Thu, 22 Feb 2024RM 1.8tRM 1.2tRM 82.8b15.8x22.3x1.5x
Sat, 20 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Mon, 18 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.2x21.2x1.4x
Wed, 15 Nov 2023RM 1.7tRM 1.2tRM 80.0b15.9x21.8x1.4x
Fri, 13 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.8x22x1.4x
Sun, 10 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Tue, 08 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Thu, 06 Jul 2023RM 1.6tRM 1.2tRM 82.5b13.8x20x1.3x
Sat, 03 Jun 2023RM 1.6tRM 1.2tRM 82.8b13.7x19.8x1.3x
Mon, 01 May 2023RM 1.7tRM 1.2tRM 118.6b13.3x14.1x1.4x
Wed, 29 Mar 2023RM 1.7tRM 1.2tRM 118.8b13.4x13.9x1.4x
Fri, 24 Feb 2023RM 1.7tRM 1.2tRM 105.2b13.8x16.2x1.4x
Sun, 22 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.2x12.4x1.4x
Tue, 20 Dec 2022RM 1.7tRM 1.2tRM 138.2b13.2x12.2x1.4x
Price to Earnings Ratio

12.2x


Total Market Cap: RM 1.7tTotal Earnings: RM 138.2bTotal 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 4.8% 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 Market0.86%
Materials2.09%
Healthcare1.97%
Energy1.97%
Utilities1.52%
Telecom1.51%
Financials1.07%
Real Estate0.49%
Industrials0.38%
Consumer Staples0.30%
Tech0.089%
Consumer Discretionary-1.43%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 36.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.7% which is higher than its past year's earnings decline of 0.04% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.7x.
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 0.04% 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 13.023.0%
+RM 2.2b		-5.1%PE17xUtilities
IHH IHH Healthcare BerhadRM 8.612.5%
+RM 1.9b		20.1%PE33xHealthcare
PCHEM PETRONAS Chemicals Group BerhadRM 3.477.1%
+RM 1.8b		-30.2%PS1xMaterials
PBBANK Public Bank BerhadRM 4.471.8%
+RM 1.5b		-2.2%PB1.5xFinancials
MAYBANK Malayan Banking BerhadRM 10.301.2%
+RM 1.4b		1.6%PB1.3xFinancials
See more

Market Insights

Header cover image
🤖 AI Companies Hit The Bond Market
Richard Bowman avatar
Richard Bowman
|
|
The recent dip in stock prices came on the back of stretched valuations and fears of an AI fueled bubble. This time the nervousness also spilled into the corporate bond market...
Continue reading
Market Insights: Three Reasons Why REITs Could Rally in 2026 🏘️
Last Week

Market Insights: Three Reasons Why REITs Could Rally in 2026 🏘️

Latest News

AXIATA
RM 2.62
Axiata Group Berhad
7D
4.0%
1Y
10.5%

AXIATA: Edotco Sale Plans Will Unlock Value Despite Softer Revenue Outlook

Analysts have slightly reduced their price target on Axiata Group Berhad from around RM4.04 to RM3.92, citing lower expected revenue growth even as profitability and valuation assumptions improve. What's in the News Axiata Group Berhad is hosting an Analyst and Investor Day, providing updates on strategy, operational performance, and capital allocation plans (company event).
GAMUDA
RM 4.85
Gamuda Berhad
7D
-7.4%
1Y
-0.7%
PCHEM
RM 3.47
PETRONAS Chemicals Group Berhad
7D
7.1%
1Y
-30.2%

PCHEM: Earnings Outlook Will Balance Softer Margins With Improving Cycle Leverage

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.
IOIPG
RM 2.54
IOI Properties Group Berhad
7D
-3.1%
1Y
18.1%

IOI Properties Group Berhad's (KLSE:IOIPG) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Dec 04
IOI Properties Group Berhad's (KLSE:IOIPG) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
GENM
RM 2.09
Genting Malaysia Berhad
7D
-5.0%
1Y
-1.4%
GENTING
RM 3.06
Genting Berhad
7D
-5.8%
1Y
-15.5%
TENAGA
RM 13.02
Tenaga Nasional Berhad
7D
3.0%
1Y
-5.1%

TENAGA: Resolution Of Tax Disputes Will Support Future Share Price Momentum

Analysts have revised their price target for Tenaga Nasional Berhad slightly downward from RM16.16 to RM15.95. This adjustment reflects updated estimates for profit margin and discount rates, even though there are expectations for stronger revenue growth.
IHH
RM 8.61
IHH Healthcare Berhad
7D
2.5%
1Y
20.1%

IHH: Future Margins And Payout Will Sustain A Balanced Outlook

Analysts have raised their price target for IHH Healthcare Berhad from RM8.53 to RM8.86, citing modest improvements in fair value estimates and profit margins, despite slightly lower revenue growth assumptions. Valuation Changes The Fair Value Estimate has increased slightly from MYR8.53 to MYR8.86 per share.
IJM
RM 2.18
IJM Corporation Berhad
7D
-3.1%
1Y
-24.8%

IJM Corporation Berhad (KLSE:IJM) Has Affirmed Its Dividend Of MYR0.02

Nov 30
IJM Corporation Berhad (KLSE:IJM) Has Affirmed Its Dividend Of MYR0.02
PPB
RM 9.99
PPB Group Berhad
7D
-1.7%
1Y
-20.6%
YTL
RM 2.11
YTL Corporation Berhad
7D
-0.9%
1Y
-2.8%

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
SUNWAY
RM 5.63
Sunway Berhad
7D
3.7%
1Y
20.0%
TAKAFUL
RM 3.16
Syarikat Takaful Malaysia Keluarga Berhad
7D
-6.2%
1Y
-21.0%
MAYBANK
RM 10.30
Malayan Banking Berhad
7D
1.2%
1Y
1.6%
PMETAL
RM 6.87
Press Metal Aluminium Holdings Berhad
7D
2.4%
1Y
36.0%
PBBANK
RM 4.47
Public Bank Berhad
7D
1.8%
1Y
-2.2%

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