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Maltese (MSE) Market Analysis & Valuation

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies33
  • 7D2.0%
  • 3M4.3%
  • 1Y0.3%
  • YTD3.7%

The market has climbed 2.0% in the last 7 days, lead by the Real Estate sector with a gain of 10%. The market has been flat overall in the last year.

Market Valuation and Performance

Has the Maltese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026€5.1b€2.6b€462.2m15.1x10.9x2x
Sun, 25 Jan 2026€4.8b€2.6b€462.2m14.8x10.5x1.9x
Tue, 23 Dec 2025€4.8b€2.6b€479.5m13.6x9.9x1.8x
Thu, 20 Nov 2025€4.8b€2.6b€477.0m14.4x10.1x1.9x
Sat, 18 Oct 2025€4.8b€2.6b€476.4m13.2x10x1.8x
Mon, 15 Sep 2025€4.8b€2.6b€478.6m13.8x10.1x1.9x
Wed, 13 Aug 2025€4.9b€2.5b€464.6m13.9x10.5x1.9x
Fri, 11 Jul 2025€4.8b€2.5b€482.3m14.2x9.9x1.9x
Sun, 08 Jun 2025€4.8b€2.5b€480.7m13.9x10x1.9x
Tue, 06 May 2025€4.9b€2.5b€482.4m15.2x10.1x1.9x
Thu, 03 Apr 2025€5.0b€2.5b€468.2m13.7x10.7x2x
Sat, 01 Mar 2025€5.0b€2.5b€467.1m13.9x10.7x2x
Mon, 27 Jan 2025€4.8b€2.5b€465.7m14.2x10.3x2x
Wed, 25 Dec 2024€4.8b€2.5b€456.5m14.4x10.5x1.9x
Fri, 22 Nov 2024€4.8b€2.5b€456.9m14.4x10.6x1.9x
Sun, 20 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Tue, 17 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Thu, 15 Aug 2024€4.9b€2.5b€468.7m14.8x10.6x2x
Sat, 13 Jul 2024€4.7b€2.4b€424.6m13.8x11x2x
Mon, 10 Jun 2024€4.7b€2.4b€420.7m14.8x11.1x2x
Wed, 08 May 2024€4.8b€2.4b€428.6m15.4x11.3x2x
Fri, 05 Apr 2024€4.7b€2.3b€433.1m15.4x10.9x2x
Sun, 03 Mar 2024€4.8b€2.2b€437.7m14.5x11x2.2x
Tue, 30 Jan 2024€4.8b€2.2b€426.1m15.1x11.2x2.2x
Thu, 28 Dec 2023€4.9b€2.2b€426.1m15.7x11.4x2.2x
Sat, 25 Nov 2023€4.6b€2.2b€422.6m13.2x10.9x2.1x
Mon, 23 Oct 2023€4.6b€2.1b€384.4m13x11.9x2.2x
Wed, 20 Sep 2023€4.7b€2.1b€382.7m14.5x12.3x2.2x
Fri, 18 Aug 2023€4.8b€2.1b€360.7m16.5x13.4x2.3x
Sun, 16 Jul 2023€4.8b€1.9b€194.9m17.7x24.4x2.5x
Tue, 13 Jun 2023€4.7b€1.9b€185.1m17.2x25.6x2.5x
Thu, 11 May 2023€4.6b€1.8b€175.6m19.9x26.4x2.6x
Sat, 08 Apr 2023€4.5b€1.7b€133.0m18.7x33.7x2.6x
Mon, 06 Mar 2023€4.6b€2.1b€76.2m23.9x60.3x2.2x
Price to Earnings Ratio

60.3x


Total Market Cap: €4.6bTotal Earnings: €76.2mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 13.9x202420252026
Current Market PE
  • Investors are pessimistic on the Maltese market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 10.9x which is lower than its 3-year average PE of 13.9x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 82% per year over the last three years.
  • Revenues for these companies have grown 7.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Maltese Market?

MT Market2.03%
Real Estate10.79%
Consumer Staples4.86%
Industrials1.80%
Telecom1.61%
Tech0.49%
Financials0.48%
Energy0%0
Consumer Discretionary-0.59%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 61.0x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.9x.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
AXR AX Real Estate€0.5051.5%
+€46.6m
11.6%PE17.5xReal Estate
BOV Bank of Valletta€2.082.0%
+€25.7m
18.5%PB0.9xFinancials
SFC Simonds Farsons Cisk€5.4511.2%
+€19.8m
-16.2%PE11.2xConsumer Staples
MIA Malta International Airport€5.951.7%
+€13.5m
-3.3%PE16.5xIndustrials
APS APS Bank€0.512.8%
+€5.3m
-19.0%PB0.7xFinancials
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