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 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	80,326	86,845	58,105	55,402	53,482	59,442	Upgrade
Market Cap Growth	1.61%	49.46%	4.88%	3.59%	-10.03%	-21.17%	Upgrade
Enterprise Value	156,953	156,613	134,369	143,001	120,015	126,241	Upgrade
PE Ratio	18.01	18.48	20.97	16.00	14.61	16.55	Upgrade
PS Ratio	1.25	1.32	0.91	0.76	1.02	1.35	Upgrade
PB Ratio	1.56	1.39	0.95	0.91	0.92	1.03	Upgrade
P/FCF Ratio	19.41	7.76	2.69	58.38	10.84	6.91	Upgrade
P/OCF Ratio	3.98	3.88	1.80	5.91	4.01	3.83	Upgrade
EV/Sales Ratio	2.44	2.38	2.11	1.95	2.28	2.87	Upgrade
EV/EBITDA Ratio	7.73	9.46	9.04	8.65	8.09	9.17	Upgrade
EV/EBIT Ratio	18.03	18.48	18.98	15.82	15.72	18.67	Upgrade
EV/FCF Ratio	37.92	13.99	6.21	150.69	24.33	14.66	Upgrade
Debt / Equity Ratio	1.71	1.38	1.52	1.59	1.39	1.36	Upgrade
Debt / EBITDA Ratio	4.32	4.37	5.05	4.75	4.42	4.51	Upgrade
Debt / FCF Ratio	21.33	7.69	4.28	102.39	16.41	9.10	Upgrade
Quick Ratio	0.78	1.07	1.12	1.09	0.90	0.86	Upgrade
Current Ratio	0.89	1.19	1.24	1.20	0.99	0.97	Upgrade
Asset Turnover	0.32	0.32	0.31	0.38	0.29	0.24	Upgrade
Return on Equity (ROE)	7.83%	7.65%	4.27%	5.96%	6.67%	6.20%	Upgrade
Return on Assets (ROA)	2.76%	2.59%	2.15%	2.91%	2.62%	2.35%	Upgrade
Return on Capital (ROIC)	3.86%	3.50%	2.84%	3.80%	3.47%	3.11%	Upgrade
Return on Capital Employed (ROCE)	5.40%	5.00%	4.10%	5.40%	4.90%	4.40%	Upgrade
Earnings Yield	5.55%	5.41%	4.77%	6.25%	6.85%	6.04%	Upgrade
FCF Yield	5.15%	12.89%	37.25%	1.71%	9.22%	14.48%	Upgrade
Dividend Yield	3.72%	3.55%	4.96%	5.42%	5.07%	4.91%	Upgrade
Payout Ratio	66.53%	65.42%	91.60%	62.98%	62.44%	66.59%	Upgrade
Buyback Yield / Dilution	0.11%	-0.29%	-0.39%	-0.49%	-0.43%	-0.61%	Upgrade
Total Shareholder Return	3.83%	3.26%	4.57%	4.93%	4.64%	4.30%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.