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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies1065
  • 7D-0.05%
  • 3M1.5%
  • 1Y9.7%
  • YTD5.0%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 4.4% in that time. As for the longer term, the market has risen 9.1% in the past 12 months. 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
Fri, 15 May 2026RM 2.2tRM 1.3tRM 124.1b14.4x17.3x1.6x
Sun, 12 Apr 2026RM 2.1tRM 1.3tRM 121.6b13.7x17x1.6x
Tue, 10 Mar 2026RM 2.0tRM 1.3tRM 122.2b13.4x16.4x1.5x
Thu, 05 Feb 2026RM 2.1tRM 1.3tRM 118.9b13.9x17.6x1.6x
Sat, 03 Jan 2026RM 2.0tRM 1.3tRM 118.7b13.9x16.9x1.5x
Mon, 01 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.6x17x1.5x
Wed, 29 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.5x17.7x1.5x
Fri, 26 Sep 2025RM 2.0tRM 1.3tRM 112.3b14.9x17.4x1.5x
Sun, 24 Aug 2025RM 1.9tRM 1.3tRM 113.1b14.7x17x1.5x
Tue, 22 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.1x1.4x
Thu, 19 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.6x15.8x1.4x
Sat, 17 May 2025RM 1.9tRM 1.3tRM 118.5b14.3x15.9x1.5x
Mon, 14 Apr 2025RM 1.7tRM 1.3tRM 118.1b13.2x14.7x1.3x
Wed, 12 Mar 2025RM 1.8tRM 1.3tRM 118.2b13.9x15.2x1.4x
Fri, 07 Feb 2025RM 2.0tRM 1.3tRM 115.7b15x16.9x1.5x
Sun, 05 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Tue, 03 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.2x17.1x1.5x
Thu, 31 Oct 2024RM 1.9tRM 1.3tRM 113.7b15.5x17.1x1.5x
Sat, 28 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.7x17.6x1.6x
Mon, 26 Aug 2024RM 2.0tRM 1.2tRM 108.1b16.6x18.2x1.6x
Wed, 24 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.3x19.2x1.7x
Fri, 21 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.2x18.9x1.6x
Sun, 19 May 2024RM 2.0tRM 1.2tRM 100.2b17.6x19.9x1.7x
Tue, 16 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.4x18.8x1.6x
Thu, 14 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.7x18.4x1.5x
Sat, 10 Feb 2024RM 1.8tRM 1.2tRM 82.4b15.6x21.9x1.5x
Mon, 08 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Wed, 06 Dec 2023RM 1.7tRM 1.2tRM 82.7b15.1x20.9x1.4x
Fri, 03 Nov 2023RM 1.7tRM 1.2tRM 79.5b15.5x21.7x1.4x
Sun, 01 Oct 2023RM 1.7tRM 1.2tRM 79.9b15.7x21.5x1.4x
Tue, 29 Aug 2023RM 1.7tRM 1.2tRM 80.5b15.4x21.5x1.4x
Thu, 27 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.5x20.7x1.4x
Sat, 24 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.8x1.3x
Mon, 22 May 2023RM 1.7tRM 1.4tRM 125.2b13.3x13.4x1.2x
Price to Earnings Ratio

13.4x


Total Market Cap: RM 1.7tTotal Earnings: RM 125.2bTotal Revenue: RM 1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.2x202420252026
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 18.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.8% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market-0.054%
Tech5.34%
Materials3.02%
Healthcare2.38%
Real Estate1.18%
Industrials0.80%
Consumer Discretionary0.64%
Telecom-0.24%
Financials-1.09%
Consumer Staples-2.17%
Energy-2.57%
Utilities-2.61%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 76.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.3% which is higher than its past year's earnings decline of 0.5% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.5% 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
PMETAL Press Metal Aluminium Holdings BerhadRM 9.054.0%
+RM 2.9b		78.9%PE35.5xMaterials
PCHEM PETRONAS Chemicals Group BerhadRM 5.534.7%
+RM 2.0b		42.9%PS1.6xMaterials
CDB Celcomdigi BerhadRM 3.194.9%
+RM 1.8b		-19.8%PE24.2xTelecom
IOIPG IOI Properties Group BerhadRM 4.416.3%
+RM 1.4b		119.4%PE10.7xReal Estate
IHH IHH Healthcare BerhadRM 9.021.6%
+RM 1.2b		28.3%PE37.9xHealthcare
See more

Market Insights

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Latest News

CDB
RM 3.19
Celcomdigi Berhad
7D
4.9%
1Y
-19.8%
KGB
RM 7.30
Kelington Group Berhad
7D
16.2%
1Y
108.0%
PBBANK
RM 4.83
Public Bank Berhad
7D
-1.2%
1Y
7.1%
IOIPG
RM 4.41
IOI Properties Group Berhad
7D
6.3%
1Y
119.4%
CIMB
RM 7.90
CIMB Group Holdings Berhad
7D
-1.7%
1Y
10.3%
Narrative Update • May 09

CIMB: Future Returns Will Reflect Dividend Support And Indonesia Asset Upside

Analysts have nudged their price target for CIMB Group Holdings Berhad slightly higher to around MYR9.18, reflecting small adjustments to fair value estimates, discount rate assumptions, revenue growth expectations and profit margin forecasts, alongside a marginally lower future P/E input. What's in the News CIMB has scheduled a special or extraordinary shareholders meeting on 29 April 2026 at 12:00 Singapore Standard Time at the Sime Darby Convention Centre in Kuala Lumpur, which may be relevant if you track corporate actions or governance events (company announcement).
YTL
RM 2.17
YTL Corporation Berhad
7D
-8.1%
1Y
-1.4%
SDG
RM 5.98
SD Guthrie Berhad
7D
-3.5%
1Y
28.9%
Analysis Article • May 05

Investors Shouldn't Be Too Comfortable With SD Guthrie Berhad's (KLSE:SDG) Earnings

SD Guthrie Berhad's ( KLSE:SDG ) robust earnings report didn't manage to move the market for its stock. Our analysis...
PMETAL
RM 9.05
Press Metal Aluminium Holdings Berhad
7D
4.0%
1Y
78.9%
AXIATA
RM 2.25
Axiata Group Berhad
7D
-7.0%
1Y
1.8%
Narrative Update • May 05

AXIATA: New CEO Transition Will Sustain Elevated P/E Overvaluation Risk

Analysts have slightly reduced their fair value estimate for Axiata Group Berhad, from MYR 1.73 to MYR 1.70, to reflect updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, following his move from group CFO earlier in 2024 (Key Developments).
PCHEM
RM 5.53
PETRONAS Chemicals Group Berhad
7D
4.7%
1Y
42.9%
Narrative Update • May 01

PCHEM: Elevated P E Expectations Will Pressure Returns If Earnings Disappoint

Analysts have raised their fair value estimate for PETRONAS Chemicals Group Berhad from MYR1.82 to MYR3.18, citing updated assumptions for discount rates, revenue trends, profit margins, and a higher future P/E multiple following recent Street research. Analyst Commentary While the latest Street work includes at least one upgrade, the overall message for you as an investor still carries some caution.
IHH
RM 9.02
IHH Healthcare Berhad
7D
1.6%
1Y
28.3%
TENAGA
RM 14.48
Tenaga Nasional Berhad
7D
-2.2%
1Y
2.0%
TOPGLOV
RM 0.83
Top Glove Corporation Bhd
7D
15.3%
1Y
-3.5%
PETDAG
RM 21.38
PETRONAS Dagangan Berhad
7D
4.0%
1Y
7.0%
YTLPOWR
RM 4.05
YTL Power International Berhad
7D
-4.7%
1Y
8.6%
IOICORP
RM 4.11
IOI Corporation Berhad
7D
-5.5%
1Y
9.6%