Stocktoria

Tenaga Nasional Berhad 5347.KL

MY · Bursa Malaysia · XKLS · stock · Utilities · website

Tenaga Nasional Berhad statistics & valuation

Market capRM 84.4B
P / E17.7×
P / S1.2×
P / B1.7×
Net margin7.0%
FCF margin-0.6%
Net debtRM 77.5B
Enterprise value USD$39.6B
Earnings yield EBIT/EV4.9%
Return on capital4.9%
Graham number -12.5%RM 12.67

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (RM 12.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.80% 5.20% 7.00% 7.00% 2022202320242025
Gross margin (%)
-16.10% 3.90% 7.20% 24.00% 2022202320242025
Operating margin (%)
17.50% 12.60% 13.10% 11.70% 2022202320242025
Return on equity (%)
5.90% 5.70% 8.00% 9.40% 2022202320242025
Shares outstanding
5.83B 5.83B 5.83B 5.83B 2022202320242025
Net debt (RM )
RM 92.69B RM 73.24B RM 67.25B RM 77.50B 2022202320242025
Share buybacks (RM )
RM 73.5M 2022202320242025
Return on assets (%)
1.70% 1.40% 2.00% 2.40% 2022202320242025
Free cash flow margin (%)
1.60% 40.80% 19.70% -0.60% 2022202320242025
Debt / equity (×)
1.66× 1.89× 1.73× 1.76× 2022202320242025
EPS (RM )
RM 0.60 RM 0.48 RM 0.68 RM 0.82 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Tenaga Nasional Berhad trades at about 17.7× earnings — below its 10-year norm (10-year range 15.7×–22.4×, median 19.9×).

15.7× 22.4×

Shaded band = 10-year range (15.7×–22.4×); dot = today's 17.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin24.0%7.2%3.9%-16.1%
Operating margin11.7%13.1%12.6%17.5%
Net margin7.0%7.0%5.2%6.8%
FCF margin-0.6%19.7%40.8%1.6%
Return on assets2.4%2.0%1.4%1.7%
Return on equity9.4%8.0%5.7%5.9%
Debt / equity0.93×1.03×1.11×0.87×
Current ratio0.780.981.041.20

Computed from company filings · MY · as of 2025-12-31. Figures in MYR. Facts plus Stocktoria's own computed scores — not investment advice.