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Maltese (MSE) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies33
  • 7D1.8%
  • 3M4.1%
  • 1Y0.6%
  • YTD4.0%

Over the last 7 days, the market has risen 1.8%, driven by gains of 9.2% in the Real Estate sector. As for last year, the market performance has been flat.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026€5.1b€2.6b€462.2m15.1x11x2x
Thu, 29 Jan 2026€4.9b€2.6b€462.2m13.9x10.5x1.9x
Sat, 27 Dec 2025€4.8b€2.6b€479.5m13.6x9.9x1.8x
Mon, 24 Nov 2025€4.9b€2.6b€477.0m14.4x10.2x1.9x
Wed, 22 Oct 2025€4.8b€2.6b€477.2m13.3x10x1.8x
Fri, 19 Sep 2025€4.8b€2.6b€478.6m13.6x10.1x1.9x
Sun, 17 Aug 2025€4.9b€2.5b€464.9m13.5x10.5x1.9x
Tue, 15 Jul 2025€4.8b€2.5b€480.9m14.4x9.9x1.9x
Thu, 12 Jun 2025€4.8b€2.5b€482.0m14.2x10x1.9x
Sat, 10 May 2025€4.8b€2.5b€481.2m14.5x10.1x1.9x
Mon, 07 Apr 2025€5.0b€2.5b€468.1m13.7x10.8x2x
Wed, 05 Mar 2025€5.0b€2.5b€467.1m13.9x10.7x2x
Fri, 31 Jan 2025€4.8b€2.5b€465.7m14.1x10.3x2x
Sun, 29 Dec 2024€4.8b€2.5b€456.5m14.4x10.5x1.9x
Tue, 26 Nov 2024€4.8b€2.5b€456.9m14.3x10.5x1.9x
Thu, 24 Oct 2024€4.8b€2.5b€458.4m14.5x10.6x2x
Sat, 21 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Mon, 19 Aug 2024€5.0b€2.5b€468.7m14.8x10.6x2x
Wed, 17 Jul 2024€4.7b€2.4b€425.4m13.8x11x2x
Fri, 14 Jun 2024€4.7b€2.4b€420.5m15x11.2x2x
Sun, 12 May 2024€4.8b€2.4b€427.8m15.3x11.2x2x
Tue, 09 Apr 2024€4.7b€2.3b€433.8m15.6x10.8x2x
Thu, 07 Mar 2024€4.8b€2.2b€437.7m14.5x10.9x2.2x
Sat, 03 Feb 2024€4.8b€2.2b€426.1m14.8x11.2x2.2x
Mon, 01 Jan 2024€5.0b€2.2b€426.1m15.7x11.7x2.3x
Wed, 29 Nov 2023€4.7b€2.2b€422.6m13.2x11x2.1x
Fri, 27 Oct 2023€4.6b€2.1b€384.4m13x11.9x2.2x
Sun, 24 Sep 2023€4.7b€2.1b€382.7m14.5x12.3x2.2x
Tue, 22 Aug 2023€4.8b€2.1b€360.7m16.5x13.4x2.3x
Thu, 20 Jul 2023€4.8b€1.9b€194.9m17.9x24.6x2.5x
Sat, 17 Jun 2023€4.7b€1.9b€185.1m17.1x25.6x2.5x
Mon, 15 May 2023€4.7b€1.8b€175.6m20x26.6x2.6x
Wed, 12 Apr 2023€4.5b€1.7b€133.0m18.7x33.8x2.6x
Fri, 10 Mar 2023€4.6b€2.1b€76.2m25.2x60.6x2.2x
Price to Earnings Ratio

60.6x


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 13.6x202420252026
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 11.0x which is lower than its 3-year average PE of 13.7x.
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 Market1.83%
Real Estate9.19%
Consumer Staples4.86%
Telecom1.61%
Financials1.18%
Tech0.86%
Energy0%0
Industrials-0.57%
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 61.1x.
    • 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 9.8x.
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€0.5011.1%
+€13.7m		11.6%PE17.5xReal Estate
BOV Bank of Valletta€2.081.0%
+€12.8m		18.5%PB0.9xFinancials
MTP MaltaPost€0.465.5%
+€1.9m		11.7%PE9.2xIndustrials
BMIT BMIT Technologies€0.292.1%
+€1.3m		-15.3%PE15.8xTech
PG PG€1.650.6%
+€1.1m		-8.8%PE13.5xConsumer Staples
See more

Market Insights

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Three contrarian investing ideas for a new market
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Stella Ong
In many ways, the market is upside down. This new setting might offer some unexpected opportunities for investors.
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Alternatives part 2: 2026 and beyond 🔭

Latest News

MIA
€5.90
Malta International Airport
7D
-1.7%
1Y
-4.1%
AXR
€0.50
AX Real Estate
7D
11.1%
1Y
11.6%
TRI
€1.00
Trident Estates
7D
-3.8%
1Y
-9.9%
HSB
€1.46
HSBC Bank Malta
7D
-2.0%
1Y
-7.0%
IHI
€0.43
International Hotel Investments
7D
-1.4%
1Y
-4.4%
BMIT
€0.29
BMIT Technologies
7D
2.1%
1Y
-15.3%
GHM
€0.89
Grand Harbour Marina
7D
1.1%
1Y
-13.6%

Grand Harbour Marina (MTSE:GHM) Shareholders Will Want The ROCE Trajectory To Continue

Dec 30
Grand Harbour Marina (MTSE:GHM) Shareholders Will Want The ROCE Trajectory To Continue
MTP
€0.46
MaltaPost
7D
5.5%
1Y
11.7%

Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)

Dec 23
Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)
PG
€1.65
PG
7D
0.6%
1Y
-8.8%
MDS
€0.69
MedservRegis
7D
-1.4%
1Y
76.9%

Investors Still Aren't Entirely Convinced By MedservRegis p.l.c.'s (MTSE:MDS) Revenues Despite 38% Price Jump

Nov 04
Investors Still Aren't Entirely Convinced By MedservRegis p.l.c.'s (MTSE:MDS) Revenues Despite 38% Price Jump
HLI
€0.27
Hili Properties
7D
-0.7%
1Y
n/a
BOV
€2.08
Bank of Valletta
7D
1.0%
1Y
18.5%

Bank of Valletta p.l.c.'s (MTSE:BOV) CEO Looks Due For A Compensation Raise

May 23
Bank of Valletta p.l.c.'s (MTSE:BOV) CEO Looks Due For A Compensation Raise