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Maltese (MSE) Market Analysis & Valuation

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies32
  • 7D-0.2%
  • 3M-2.3%
  • 1Y-0.8%
  • YTD0.09%

The market has been flat in the last week, however the Energy sector is down 11%. As for the longer term, the market has also been flat over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025€4.8b€2.6b€479.5m13.6x10x1.8x
Wed, 19 Nov 2025€4.8b€2.6b€477.2m14.4x10x1.8x
Fri, 17 Oct 2025€4.7b€2.6b€476.4m13.2x9.9x1.8x
Sun, 14 Sep 2025€4.8b€2.6b€478.6m13.8x10.1x1.9x
Tue, 12 Aug 2025€4.9b€2.5b€464.1m13.2x10.6x2x
Thu, 10 Jul 2025€4.8b€2.5b€482.3m14.2x9.9x1.9x
Sat, 07 Jun 2025€4.8b€2.5b€480.7m13.9x10x1.9x
Mon, 05 May 2025€4.9b€2.5b€482.4m15.2x10.1x1.9x
Wed, 02 Apr 2025€5.0b€2.5b€468.2m13.7x10.7x2x
Fri, 28 Feb 2025€5.0b€2.5b€467.1m13.9x10.7x2x
Sun, 26 Jan 2025€4.8b€2.5b€465.7m14.2x10.3x2x
Tue, 24 Dec 2024€4.8b€2.5b€456.5m14.4x10.5x1.9x
Thu, 21 Nov 2024€4.8b€2.5b€456.9m14.4x10.5x1.9x
Sat, 19 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Mon, 16 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Wed, 14 Aug 2024€4.9b€2.5b€468.7m14.8x10.5x2x
Fri, 12 Jul 2024€4.7b€2.4b€424.6m13.8x11x2x
Sun, 09 Jun 2024€4.7b€2.4b€420.7m14.8x11.1x2x
Tue, 07 May 2024€4.8b€2.4b€428.6m15.4x11.3x2x
Thu, 04 Apr 2024€4.7b€2.3b€433.1m15.4x11x2.1x
Sat, 02 Mar 2024€4.8b€2.2b€446.9m14.5x10.8x2.2x
Mon, 29 Jan 2024€4.8b€2.2b€426.1m15x11.2x2.2x
Wed, 27 Dec 2023€4.8b€2.2b€426.1m15.2x11.3x2.2x
Fri, 24 Nov 2023€4.6b€2.2b€422.6m13.2x10.8x2.1x
Sun, 22 Oct 2023€4.6b€2.1b€384.4m13x11.9x2.2x
Tue, 19 Sep 2023€4.7b€2.2b€383.2m14.4x12.2x2.1x
Thu, 17 Aug 2023€4.9b€2.1b€360.7m16.5x13.5x2.3x
Sat, 15 Jul 2023€4.8b€1.9b€194.9m17.7x24.4x2.5x
Mon, 12 Jun 2023€4.8b€1.9b€185.1m17.3x25.8x2.6x
Wed, 10 May 2023€4.6b€1.8b€175.6m20x26.4x2.6x
Fri, 07 Apr 2023€4.5b€1.7b€133.0m18.7x33.7x2.6x
Sun, 05 Mar 2023€4.6b€2.1b€76.2m23.9x60.3x2.2x
Tue, 31 Jan 2023€4.6b€2.1b€53.3m20.4x85.4x2.2x
Thu, 29 Dec 2022€4.5b€2.1b€53.3m21.3x84.7x2.2x
Price to Earnings Ratio

84.7x


Total Market Cap: €4.5bTotal Earnings: €53.3mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 18.5x202320242025
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 10.0x which is lower than its 3-year average PE of 18.5x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 108% per year over the last three years.
  • Revenues for these companies have grown 7.7% 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-0.17%
Consumer Staples1.70%
Financials0.45%
Industrials0.33%
Real Estate0.31%
Consumer Discretionary0.19%
Telecom-4.69%
Tech-5.26%
Energy-10.96%
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 12.8x.
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
BOV Bank of Valletta€1.921.1%
+€12.8m		24.2%PB0.9xFinancials
SFC Simonds Farsons Cisk€5.403.8%
+€7.2m		-18.8%PE11.1xConsumer Staples
MTP MaltaPost€0.468.0%
+€2.7m		-4.6%PE9.1xIndustrials
BMIT BMIT Technologies€0.293.6%
+€2.1m		-16.7%PE15.9xTech
PZC Plaza Centres€0.7510.3%
+€1.8m		n/aPE15.4xReal Estate
See more

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MMS
€1.39
MAPFRE Middlesea
7D
-2.1%
1Y
-0.7%
PZC
€0.75
Plaza Centres
7D
10.3%
1Y
n/a
MTP
€0.46
MaltaPost
7D
8.0%
1Y
-4.6%
MLT
€0.35
Malita Investments
7D
-0.6%
1Y
-30.0%

The Market Doesn't Like What It Sees From Malita Investments p.l.c.'s (MTSE:MLT) Earnings Yet

Dec 15
The Market Doesn't Like What It Sees From Malita Investments p.l.c.'s (MTSE:MLT) Earnings Yet
MDS
€0.65
MedservRegis
7D
-11.0%
1Y
15.0%

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
RS2
€0.29
RS2
7D
-15.7%
1Y
-42.0%

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)
GHM
€0.90
Grand Harbour Marina
7D
3.4%
1Y
-3.2%

What You Can Learn From Grand Harbour Marina p.l.c.'s (MTSE:GHM) P/S

Oct 08
What You Can Learn From Grand Harbour Marina p.l.c.'s (MTSE:GHM) P/S
BMIT
€0.29
BMIT Technologies
7D
3.6%
1Y
-16.7%

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

Sep 11
BMIT Technologies (MTSE:BMIT) Has A Somewhat Strained Balance Sheet
SFC
€5.40
Simonds Farsons Cisk
7D
3.8%
1Y
-18.8%
GO
€2.44
GO
7D
-4.7%
1Y
-9.6%

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
BOV
€1.92
Bank of Valletta
7D
1.1%
1Y
24.2%

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