Analysis Article • Jun 04
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Maltese (MSE) Market Analysis & Valuation
UpdatedJun 26, 2026
DataAggregated Company Financials
Companies34
- 7D0.9%
- 3M4.1%
- 1Y8.4%
- YTD9.3%
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 3.0%. More promisingly, the market is up 8.4% over the past year.
Market Valuation and Performance
Has the Maltese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | €5.4b | €2.6b | €438.1m | 13.4x | 12.3x | 2x |
| Sun, 24 May 2026 | €5.1b | €2.6b | €473.1m | 13.3x | 10.9x | 2x |
| Tue, 21 Apr 2026 | €5.2b | €2.5b | €445.8m | 13.7x | 11.6x | 2x |
| Thu, 19 Mar 2026 | €5.1b | €2.6b | €445.0m | 15.4x | 11.5x | 2x |
| Sat, 14 Feb 2026 | €4.9b | €2.6b | €462.2m | 13.7x | 10.7x | 1.9x |
| Mon, 12 Jan 2026 | €4.9b | €2.6b | €462.2m | 14.8x | 10.6x | 1.9x |
| Wed, 10 Dec 2025 | €4.8b | €2.6b | €477.8m | 14.4x | 10x | 1.8x |
| Fri, 07 Nov 2025 | €4.9b | €2.6b | €477.2m | 14.2x | 10.2x | 1.9x |
| Sun, 05 Oct 2025 | €4.7b | €2.6b | €479.2m | 13.5x | 9.8x | 1.8x |
| Tue, 02 Sep 2025 | €4.8b | €2.5b | €472.6m | 13.8x | 10.2x | 1.9x |
| Thu, 31 Jul 2025 | €4.8b | €2.5b | €481.9m | 14.2x | 10x | 1.9x |
| Sat, 28 Jun 2025 | €4.8b | €2.5b | €482.3m | 14x | 10x | 1.9x |
| Mon, 26 May 2025 | €4.8b | €2.5b | €478.5m | 14.4x | 10.1x | 1.9x |
| Wed, 23 Apr 2025 | €4.9b | €2.5b | €469.0m | 14x | 10.4x | 2x |
| Fri, 21 Mar 2025 | €5.0b | €2.5b | €474.2m | 13.7x | 10.5x | 2x |
| Sun, 16 Feb 2025 | €4.8b | €2.5b | €465.7m | 13.8x | 10.4x | 2x |
| Tue, 14 Jan 2025 | €4.8b | €2.5b | €465.7m | 14x | 10.3x | 1.9x |
| Thu, 12 Dec 2024 | €4.8b | €2.5b | €456.9m | 14.3x | 10.4x | 1.9x |
| Sat, 09 Nov 2024 | €4.9b | €2.5b | €456.4m | 14.6x | 10.7x | 2x |
| Mon, 07 Oct 2024 | €4.8b | €2.5b | €462.3m | 14.5x | 10.5x | 1.9x |
| Wed, 04 Sep 2024 | €4.9b | €2.5b | €461.6m | 14.8x | 10.6x | 2x |
| Fri, 02 Aug 2024 | €4.9b | €2.4b | €468.2m | 14.2x | 10.4x | 2x |
| Sun, 30 Jun 2024 | €4.7b | €2.4b | €421.8m | 14.9x | 11.2x | 2x |
| Tue, 28 May 2024 | €4.7b | €2.4b | €427.8m | 15.2x | 11x | 2x |
| Thu, 25 Apr 2024 | €4.7b | €2.3b | €409.2m | 15.3x | 11.6x | 2x |
| Sat, 23 Mar 2024 | €4.7b | €2.2b | €434.8m | 15.2x | 10.8x | 2.1x |
| Mon, 19 Feb 2024 | €4.7b | €2.2b | €425.8m | 14.8x | 11x | 2.2x |
| Wed, 17 Jan 2024 | €4.8b | €2.2b | €426.1m | 15.3x | 11.2x | 2.2x |
| Fri, 15 Dec 2023 | €4.7b | €2.2b | €423.6m | 15.2x | 11x | 2.1x |
| Sun, 12 Nov 2023 | €4.6b | €2.2b | €422.6m | 13.2x | 10.9x | 2.1x |
| Tue, 10 Oct 2023 | €4.6b | €2.1b | €383.9m | 14.3x | 12x | 2.2x |
| Thu, 07 Sep 2023 | €4.7b | €2.2b | €387.0m | 15.4x | 12.3x | 2.2x |
| Sat, 05 Aug 2023 | €4.9b | €2.1b | €353.3m | 16.5x | 13.9x | 2.3x |
| Mon, 03 Jul 2023 | €4.8b | €1.9b | €194.9m | 17.6x | 24.6x | 2.5x |
Price to Earnings Ratio
24.6x
Current Market PE
- Investors are relatively neutral on the Maltese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 11.3x.
Past Earnings Growth
- The earnings for Maltese listed companies have grown 31% per year over the last three years.
- Revenues for these companies have grown 12% 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 Market | 0.87% | |
| Tech | 3.00% | |
| Industrials | 2.67% | |
| Telecom | 1.61% | |
| Financials | 1.03% | |
| Consumer Staples | 0.30% | |
| Real Estate | 0.30% | |
| Energy | 0% | 0 |
| Consumer Discretionary | -3.76% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 17.8x.
- 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. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.5x.
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BOV Bank of Valletta | €2.12 | 3.4% +€45.0m | 13.4% | PB0.9x | Financials | |
| MIA Malta International Airport | €6.20 | 2.5% +€20.3m | 5.1% | PE16.8x | Industrials | |
| RS2 RS2 | €0.49 | 11.4% +€10.9m | 40.0% | PS2.7x | Tech | |
| GO GO | €2.52 | 1.6% +€4.1m | -5.3% | PE12.7x | Telecom | |
| MTP MaltaPost | €0.50 | 6.8% +€2.6m | 9.2% | PE10x | Industrials |