Obermatt

Tenaga Nasional

KLS:TENAGA · MYL5347OO009
Electric UtilitiesX-Large

360

66
EV / EBIT54
Price / Owner Earnings92
Owner Earnings Yield1
Dividend Yield75
Price/Sales67
EV / Gross Profit72
Price/Book31
Return on Capital19
Cash Return on Capital53
Return on Equity27
EBIT Margin21
Gross Profitability55
Cash Conversion92
Accruals80
Owner Earnings Margin55
Sales growth26
Profit Growth91
Long-Term EPS Growth85
Reinvestment21
Price momentum37
Debt load20
Refinancing8
Debt Payback1
Liquidity42
Analyst ratings68
Opinion Changes50
Price Target Upside71
Market mood48
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Tenaga Nasional doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryMalaysia
IndustryElectric Utilities
SizeX-Large
TypePublic Company
ExchangeKLSE
Founded1990
Employees4,556
Websitetnb.com.my
ISINMYL5347OO009
Last UpdateApr 2, 2026
Index & Theme
Power GridUtility Scale SolarEnergy ManagementSmart EnergyOnshore and Offshore WindClean EnergyEnergy StorageBiomass EnergyEnergy EfficiencyElectrical DistributionEnergy

Description

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity. Business Segments The company operates through Generation, Transmission, Distribution, and Sales of Electricity segments. Generation This segme…

Analysis

Middle-of-the-road

Tenaga Nasional Berhad sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

Valuation data is not available for this company.

Growth is moderate; the safety picture is adequate. The company scores 6/20 on our value-creation score: not creating value. Analysts lean positive.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2023202420252026

All-time high

66

Mar 2026

All-time low

34

Jun 2026

Average rank

48

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
67
59
69
64
Price/Earnings
35
29
47
49
Price/Book
31
60
78
74
Dividend Yield
75
45
56
59
Value (overall)
57
44
67
66

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →