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

Malaysian (KLSE) Market Analysis & Valuation

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies1074
  • 7D-0.7%
  • 3M0.02%
  • 1Y6.6%
  • YTD0.6%

The Information Technology sector gained 4.7% while the market remained flat over the last week. Meanwhile, the market is actually up 7.3% over the past year. Looking forward, earnings are forecast to grow by 8.8% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026RM 2.1tRM 1.3tRM 136.2b13.5x15.1x1.6x
Sat, 30 May 2026RM 2.1tRM 1.3tRM 135.5b13.8x15.5x1.6x
Mon, 27 Apr 2026RM 2.1tRM 1.3tRM 123.6b14.3x17.1x1.6x
Wed, 25 Mar 2026RM 2.1tRM 1.3tRM 122.1b13.6x16.8x1.6x
Fri, 20 Feb 2026RM 2.1tRM 1.3tRM 119.5b14.1x17.6x1.6x
Sun, 18 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.3x17.5x1.6x
Tue, 16 Dec 2025RM 2.0tRM 1.3tRM 118.6b13.7x16.7x1.5x
Thu, 13 Nov 2025RM 2.0tRM 1.3tRM 113.1b14.4x17.6x1.5x
Sat, 11 Oct 2025RM 2.0tRM 1.3tRM 112.0b14.8x17.8x1.5x
Mon, 08 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Wed, 06 Aug 2025RM 1.9tRM 1.3tRM 115.5b13.8x16.3x1.4x
Fri, 04 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.9x16.3x1.4x
Sun, 01 Jun 2025RM 1.8tRM 1.3tRM 115.3b13.8x15.9x1.4x
Tue, 29 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.4x1.4x
Thu, 27 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.4x1.4x
Sat, 22 Feb 2025RM 1.9tRM 1.3tRM 114.5b14.7x16.7x1.5x
Mon, 20 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.2x16.9x1.5x
Wed, 18 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.2x1.5x
Fri, 15 Nov 2024RM 2.0tRM 1.3tRM 113.9b15.6x17.2x1.5x
Sun, 13 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Tue, 10 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.3x17.3x1.6x
Thu, 08 Aug 2024RM 1.9tRM 1.2tRM 106.0b16.9x18.3x1.6x
Sat, 06 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.6x19x1.6x
Mon, 03 Jun 2024RM 2.0tRM 1.2tRM 102.7b17.1x19.2x1.6x
Wed, 01 May 2024RM 1.9tRM 1.2tRM 99.8b16.7x19.2x1.6x
Fri, 29 Mar 2024RM 1.9tRM 1.2tRM 99.6b15.9x18.6x1.5x
Sun, 25 Feb 2024RM 1.8tRM 1.2tRM 87.4b15.9x21.1x1.5x
Tue, 23 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Thu, 21 Dec 2023RM 1.8tRM 1.2tRM 82.9b15.4x21.2x1.4x
Sat, 18 Nov 2023RM 1.8tRM 1.2tRM 79.6b16x22x1.4x
Mon, 16 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.7x21.9x1.4x
Wed, 13 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.5x21.7x1.4x
Fri, 11 Aug 2023RM 1.7tRM 1.2tRM 81.8b14.9x21x1.4x
Sun, 09 Jul 2023RM 1.6tRM 1.2tRM 82.6b13.8x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.6bTotal 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 pessimistic on the Malaysian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.1x which is lower than its 3-year average PE of 18.1x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 2.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market-0.72%
Tech4.64%
Telecom1.98%
Utilities1.77%
Industrials-0.13%
Energy-0.37%
Consumer Discretionary-0.52%
Consumer Staples-1.26%
Real Estate-1.32%
Financials-1.36%
Healthcare-3.22%
Materials-4.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 84.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings growth of 7.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% 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
YTLPOWR YTL Power International BerhadRM 4.479.6%
+RM 3.4b		9.0%PE18.6xUtilities
YTL YTL Corporation BerhadRM 2.165.9%
+RM 1.4b		-11.8%PE14.6xUtilities
MAXIS Maxis BerhadRM 3.424.3%
+RM 1.1b		-6.0%PE16.7xTelecom
VITROX ViTrox Corporation BerhadRM 7.897.3%
+RM 1.0b		115.6%PE93.3xTech
AXIATA Axiata Group BerhadRM 2.064.0%
+RM 735.1m		-12.3%PE67xTelecom
See more

Market Insights

Header cover image
Yield measures a moment. A decade of raising it measures the business: durable earnings, a clean balance sheet, and management disciplined enough to keep it.
Continue reading
Watt's left in the overcrowded power trade?

Latest News

PMETAL
RM 7.59
Press Metal Aluminium Holdings Berhad
7D
-8.4%
1Y
48.5%
TENAGA
RM 14.20
Tenaga Nasional Berhad
7D
-1.3%
1Y
-2.7%
AXIATA
RM 2.06
Axiata Group Berhad
7D
4.0%
1Y
-12.3%
Narrative Update • Jun 29

AXIATA: Leadership Transition And Margin Pressure Will Sustain Elevated P/E Risk

Analysts have revised their fair value estimate for Axiata Group Berhad to MYR1.50 from MYR1.70, reflecting updated assumptions on revenue growth, profit margins, and future P/E expectations. What’s in the News for Axiata Group Berhad Cessation of office for Encik Nik Rizal Kamil Nik Ibrahim Kamil as Group Chief Financial Officer effective 1 June 2026, following his appointment as Group Chief Executive Officer and Managing Director.
KGB
RM 8.25
Kelington Group Berhad
7D
9.4%
1Y
117.1%
CDB
RM 2.72
Celcomdigi Berhad
7D
1.5%
1Y
-30.4%
Narrative Update • Jun 23

CDB: Steady Outlook Where 2026 Dividend And Margins Will Shape Return Profile

Analysts have kept their MYR based fair value for Celcomdigi Berhad steady at MYR 2.80, citing only modest adjustments to revenue growth, profit margin and future P/E assumptions that did not justify a change in the overall price target. What's in the News Celcomdigi Berhad declared a first interim tax exempt, single tier dividend of 3.4 sen per ordinary share for the financial year ending 31 December 2026.
VITROX
RM 7.89
ViTrox Corporation Berhad
7D
7.3%
1Y
115.6%
YTLPOWR
RM 4.47
YTL Power International Berhad
7D
9.6%
1Y
9.0%
MISC
RM 7.75
MISC Berhad
7D
-4.3%
1Y
0.1%
Narrative Update • Jun 17

MISC: Long-Term LNG Contracts Will Support Future Stock Returns

Analysts have kept their fair value estimate for MISC Berhad steady at MYR8.99 while making small technical adjustments to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation model rather than a shift in the core price target view.
IHH
RM 8.30
IHH Healthcare Berhad
7D
-4.9%
1Y
21.5%
Narrative Update • Jun 16

IHH: Steady Margins And Stable Assumptions Will Support Bullish Outlook

Analysts have reaffirmed their MYR price target for IHH Healthcare Berhad at roughly MYR 10.13, citing updated assumptions around revenue growth, profit margins, and future P/E that remain broadly in line with previous forecasts. What's in the News for IHH Healthcare Berhad IHH Healthcare Berhad reported property, plant and equipment written off of MYR 1 million for the first quarter ended March 31, 2026, in line with the MYR 1 million written off in the same period a year earlier.
INARI
RM 2.32
Inari Amertron Berhad
7D
5.9%
1Y
16.0%
HLBANK
RM 21.28
Hong Leong Bank Berhad
7D
-3.0%
1Y
8.5%
MAYBANK
RM 10.66
Malayan Banking Berhad
7D
-1.5%
1Y
9.2%
Analysis Article • May 31

Revenue Miss: Malayan Banking Berhad Fell 12% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The analysts might have been a bit too bullish on Malayan Banking Berhad ( KLSE:MAYBANK ), given that the company fell...
PBBANK
RM 4.75
Public Bank Berhad
7D
-2.5%
1Y
10.0%
YTL
RM 2.16
YTL Corporation Berhad
7D
5.9%
1Y
-11.8%
IOIPG
RM 3.87
IOI Properties Group Berhad
7D
-5.6%
1Y
82.5%
MAXIS
RM 3.42
Maxis Berhad
7D
4.3%
1Y
-6.0%