Tenaga Nasional Berhad (KLSE:TENAGA)
Malaysia flag Malaysia · Delayed Price · Currency is MYR
12.96
+0.06 (0.47%)
At close: Oct 2, 2026

Tenaga Nasional Berhad Stock Forecast

Stock Price Forecast

According to 21 analysts polled by S&P Global, Tenaga Nasional Berhad stock has a consensus rating of "Buy" and an average price target of RM 15.88. The average 1-year stock price forecast is 22.53% higher than the current stock price, while the lowest is RM 12.50 (-3.55%) and the highest is RM 18.15 (+40.05%).

Price Target: RM 15.88 (+22.53%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
PriceRM 12.50RM 15.88RM 16.30RM 18.15
Change-3.55%+22.53%+25.77%+40.05%

Analyst Ratings

The average analyst rating for Tenaga Nasional Berhad stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy151515151512
Buy444444
Hold222225
Sell000000
Strong Sell000000
Total212121212121

Financial Forecast

Revenue This Year
68.90B
from 64.98B
Increased by 6.02%
Revenue Next Year
71.54B
from 68.90B
Increased by 3.83%
EPS This Year
0.82
from 0.82
Increased by 0.33%
EPS Next Year
0.89
from 0.82
Increased by 8.42%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
52.63B73.18B63.67B65.83B64.98B68.90B
Revenue Growth
19.68%39.05%-13.01%3.41%-1.29%6.02%
Net Income
3.66B3.46B2.77B3.98B4.77B4.70B
EPS
----0.820.82
EPS Growth
----1.29%0.33%
Forward PE
12.2811.2910.3817.1715.0015.78
Dividend / Share
0.400.460.460.510.530.53
Dividend Growth
-15.00%-10.87%3.92%0.57%
Free Cash Flow
-----675.30M-478.40M
No. Analysts
-----17
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is MYR.

Revenue Forecast

Revenue202620272028
High72.8B
Avg68.9B
Low65.0B

Revenue Growth

Revenue Growth202620272028
High
12.0%
Avg
6.0%
Low
0.1%

EPS Forecast

EPS202620272028
High0.91
Avg0.82
Low0.73

EPS Growth

EPS Growth202620272028
High
11.2%
Avg
0.3%
Low
-10.8%