Tenaga Nasional Berhad Ratios and Metrics

Market cap in millions MYR. Fiscal year is January - December.

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	84,056	79,976	86,845	58,105	55,402	53,482
Market Cap Growth	2.27%	-7.91%	49.46%	4.88%	3.59%	-10.03%
Enterprise Value	163,192	156,604	156,613	134,369	143,001	120,015
PE Ratio	17.48	16.77	21.83	20.97	16.00	14.61
PS Ratio	1.29	1.23	1.32	0.91	0.76	1.02
PB Ratio	1.60	1.51	1.67	0.95	0.91	0.92
P/FCF Ratio	-	-	7.76	2.69	58.38	10.84
P/OCF Ratio	5.42	5.05	3.88	1.80	5.91	4.01
EV/Sales Ratio	2.50	2.41	2.38	2.11	1.95	2.28
EV/EBITDA Ratio	7.99	9.37	9.31	9.04	8.65	8.09
EV/EBIT Ratio	19.82	19.56	17.91	18.98	15.82	15.72
EV/FCF Ratio	-	-	13.99	6.21	150.69	24.33
Debt / Equity Ratio	1.75	1.69	1.66	1.52	1.59	1.39
Debt / EBITDA Ratio	4.53	4.48	4.31	5.05	4.75	4.42
Debt / FCF Ratio	-	-	7.69	4.28	102.39	16.41
Net Debt / Equity Ratio	1.47	1.45	1.28	1.18	1.37	1.22
Net Debt / EBITDA Ratio	4.53	4.60	3.95	4.84	5.06	4.81
Net Debt / FCF Ratio	-97.51	-174.85	5.93	3.33	88.16	14.47
Quick Ratio	0.71	0.66	0.89	1.12	1.09	0.90
Current Ratio	0.81	0.78	0.98	1.24	1.20	0.99
Asset Turnover	0.32	0.33	0.33	0.31	0.38	0.29
Return on Equity (ROE)	8.41%	9.09%	7.09%	4.27%	5.96%	6.67%
Return on Assets (ROA)	2.48%	2.51%	2.70%	2.15%	2.91%	2.62%
Return on Capital Employed (ROCE)	5.00%	4.90%	5.40%	4.10%	5.40%	4.90%
Earnings Yield	5.72%	5.96%	4.58%	4.77%	6.25%	6.85%
FCF Yield	-0.94%	-0.55%	12.89%	37.25%	1.71%	9.22%
Dividend Yield	3.68%	3.94%	3.62%	5.06%	5.53%	5.17%
Payout Ratio	61.75%	62.26%	77.26%	91.60%	62.98%	62.44%
Buyback Yield / Dilution	-0.18%	-0.18%	-0.29%	-0.39%	-0.49%	-0.43%
Total Shareholder Return	3.49%	3.76%	3.33%	4.67%	5.04%	4.74%