Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Maltese (MSE) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies33
  • 7D-0.8%
  • 3M-2.2%
  • 1Y-1.0%
  • YTD0.8%

In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 5.2%. Similarly, the market is flat for the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025€4.8b€2.6b€477.0m14.4x10.1x1.9x
Mon, 20 Oct 2025€4.8b€2.6b€480.0m13.2x9.9x1.8x
Wed, 17 Sep 2025€4.8b€2.6b€478.6m13.6x10x1.9x
Fri, 15 Aug 2025€4.9b€2.5b€464.9m13.5x10.5x1.9x
Sun, 13 Jul 2025€4.8b€2.5b€482.3m14.7x9.9x1.9x
Tue, 10 Jun 2025€4.8b€2.5b€482.0m14.2x10x1.9x
Thu, 08 May 2025€4.8b€2.5b€482.1m14.3x10x1.9x
Sat, 05 Apr 2025€5.0b€2.5b€468.1m13.7x10.8x2x
Mon, 03 Mar 2025€5.0b€2.5b€467.1m13.9x10.7x2x
Wed, 29 Jan 2025€4.8b€2.5b€465.7m14.2x10.3x2x
Fri, 27 Dec 2024€4.8b€2.5b€456.5m14.4x10.5x1.9x
Sun, 24 Nov 2024€4.8b€2.5b€456.9m14.6x10.6x1.9x
Tue, 22 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Thu, 19 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Sat, 17 Aug 2024€5.0b€2.5b€468.7m14.8x10.6x2x
Mon, 15 Jul 2024€4.7b€2.4b€425.3m13.8x11x2x
Wed, 12 Jun 2024€4.7b€2.4b€420.5m14.7x11.1x2x
Fri, 10 May 2024€4.8b€2.4b€428.6m15.4x11.1x2x
Sun, 07 Apr 2024€4.7b€2.3b€433.2m15.2x10.9x2x
Tue, 05 Mar 2024€4.9b€2.2b€437.7m14.5x11.1x2.2x
Thu, 01 Feb 2024€4.8b€2.2b€426.1m14.8x11.2x2.2x
Sat, 30 Dec 2023€5.0b€2.2b€426.1m15.7x11.7x2.3x
Mon, 27 Nov 2023€4.6b€2.2b€422.6m13.2x10.9x2.1x
Wed, 25 Oct 2023€4.6b€2.1b€384.4m13x11.9x2.1x
Fri, 22 Sep 2023€4.7b€2.1b€382.7m14.5x12.3x2.2x
Sun, 20 Aug 2023€4.8b€2.1b€360.7m16.5x13.4x2.3x
Tue, 18 Jul 2023€4.8b€1.9b€194.9m17.6x24.6x2.5x
Thu, 15 Jun 2023€4.7b€1.9b€185.1m17.1x25.3x2.5x
Sat, 13 May 2023€4.7b€1.8b€175.6m20x26.6x2.6x
Mon, 10 Apr 2023€4.5b€1.7b€133.0m18.7x33.7x2.6x
Wed, 08 Mar 2023€4.6b€2.1b€76.2m25.2x60.8x2.2x
Fri, 03 Feb 2023€4.5b€2.1b€53.3m20.7x85.1x2.2x
Sun, 01 Jan 2023€4.5b€2.1b€53.3m21.3x84.9x2.2x
Tue, 29 Nov 2022€4.6b€2.1b€51.0m20.8x90.3x2.2x
Price to Earnings Ratio

90.3x


Total Market Cap: €4.6bTotal Earnings: €51.0mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 20.6x202320242025
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 10.1x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 111% per year over the last three years.
  • Revenues for these companies have grown 7.9% 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-0.77%
Industrials2.46%
Real Estate0.12%
Energy0%0
Consumer Discretionary0%0
Consumer Staples0%0
Telecom-0.78%
Financials-2.03%
Tech-5.16%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 14.0x.
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€0.3518.2%
+€14.8m		n/aPE12.2xReal Estate
RS2 RS2€0.3516.0%
+€10.5m		-30.4%PS2.1xTech
HLI Hili Properties€0.249.1%
+€8.0m		10.1%PE21.6xReal Estate
APS APS Bank€0.524.0%
+€7.6m		-5.5%PB0.7xFinancials
MIA Malta International Airport€5.950.8%
+€6.8m		0.8%PE16.5xIndustrials
See more

Market Insights

Header cover image
🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
Richard Bowman avatar
Richard Bowman
|
|
This week, we will unpack the FTSE 100 vs FTSE 250 divide, the industries driving returns, and why the UK is increasingly a stock-picker’s market heading into 2026.
Continue reading
💸 The Return of Share Buybacks in Tech
Last Week

💸 The Return of Share Buybacks in Tech

Latest News

MTP
€0.44
MaltaPost
7D
-0.5%
1Y
-14.1%

Many Still Looking Away From MaltaPost p.l.c. (MTSE:MTP)

Nov 17
Many Still Looking Away From MaltaPost p.l.c. (MTSE:MTP)
AXR
€0.35
AX Real Estate
7D
18.2%
1Y
n/a

AX Real Estate p.l.c.'s (MTSE:AXR) Shares Climb 27% But Its Business Is Yet to Catch Up

Nov 07
AX Real Estate p.l.c.'s (MTSE:AXR) Shares Climb 27% But Its Business Is Yet to Catch Up
CPT
€0.44
Computime Holdings
7D
-0.5%
1Y
n/a

A Look At The Fair Value Of Computime Holdings p.l.c. (MTSE:CPT)

Oct 28
A Look At The Fair Value Of Computime Holdings p.l.c. (MTSE:CPT)
MMS
€1.35
MAPFRE Middlesea
7D
-9.4%
1Y
-1.5%
RS2
€0.35
RS2
7D
16.0%
1Y
-30.4%

Risks To Shareholder Returns Are Elevated At These Prices For RS2 p.l.c. (MTSE:RS2)

Oct 17
Risks To Shareholder Returns Are Elevated At These Prices For RS2 p.l.c. (MTSE:RS2)
APS
€0.52
APS Bank
7D
4.0%
1Y
-5.5%
BMIT
€0.29
BMIT Technologies
7D
3.6%
1Y
-12.7%

BMIT Technologies (MTSE:BMIT) Has A Somewhat Strained Balance Sheet

Sep 11
BMIT Technologies (MTSE:BMIT) Has A Somewhat Strained Balance Sheet
MLT
€0.42
Malita Investments
7D
-1.0%
1Y
-17.6%
HLI
€0.24
Hili Properties
7D
9.1%
1Y
10.1%
GO
€2.56
GO
7D
-0.8%
1Y
-7.9%

GO (MTSE:GO) Is Due To Pay A Dividend Of €0.07

Aug 10
GO (MTSE:GO) Is Due To Pay A Dividend Of €0.07
VBL
€0.18
VBL
7D
0.6%
1Y
n/a
MIA
€5.95
Malta International Airport
7D
0.8%
1Y
0.8%

Malta International Airport (MTSE:MIA) Is Due To Pay A Dividend Of €0.06

Aug 08
Malta International Airport (MTSE:MIA) Is Due To Pay A Dividend Of €0.06
FIM
US$0.18
FIMBank
7D
-28.0%
1Y
n/a
MPC
€0.33
Malta Properties
7D
-5.7%
1Y
-9.8%

Malta Properties Company p.l.c.'s (MTSE:MPC) 37% Price Boost Is Out Of Tune With Earnings

Jul 12
Malta Properties Company p.l.c.'s (MTSE:MPC) 37% Price Boost Is Out Of Tune With Earnings
LOM
€0.67
Lombard Bank Malta
7D
3.1%
1Y
-18.3%

Lombard Bank Malta (MTSE:LOM) Is Increasing Its Dividend To €0.034

May 10
Lombard Bank Malta (MTSE:LOM) Is Increasing Its Dividend To €0.034