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Maltese (MSE) Market Analysis & Valuation

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies33
  • 7D0.5%
  • 3M0.9%
  • 1Y-1.0%
  • YTD1.2%

The Information Technology sector gained 7.6% while the market remained flat over the last week. In line with that, 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
Fri, 20 Feb 2026€5.0b€2.6b€462.2m14.3x10.8x1.9x
Sun, 18 Jan 2026€4.9b€2.6b€462.2m14.8x10.5x1.9x
Tue, 16 Dec 2025€4.8b€2.6b€477.8m14.4x10x1.8x
Thu, 13 Nov 2025€4.9b€2.6b€477.2m14.4x10.2x1.9x
Sat, 11 Oct 2025€4.8b€2.6b€478.5m13.4x10x1.8x
Mon, 08 Sep 2025€4.8b€2.6b€478.6m13.2x10.1x1.9x
Wed, 06 Aug 2025€4.9b€2.5b€461.1m13.3x10.7x2x
Fri, 04 Jul 2025€4.8b€2.5b€482.3m14.2x10x1.9x
Sun, 01 Jun 2025€4.8b€2.5b€480.7m14.1x10x1.9x
Tue, 29 Apr 2025€4.9b€2.5b€469.6m14.3x10.4x1.9x
Thu, 27 Mar 2025€5.0b€2.5b€474.2m13.5x10.5x2x
Sat, 22 Feb 2025€4.9b€2.5b€466.8m14x10.6x2x
Mon, 20 Jan 2025€4.8b€2.5b€465.7m14.1x10.4x2x
Wed, 18 Dec 2024€4.8b€2.5b€456.9m14.3x10.5x1.9x
Fri, 15 Nov 2024€4.8b€2.5b€456.4m14.6x10.6x1.9x
Sun, 13 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Tue, 10 Sep 2024€4.9b€2.5b€460.3m14.4x10.6x2x
Thu, 08 Aug 2024€4.9b€2.5b€468.3m14.6x10.4x2x
Sat, 06 Jul 2024€4.7b€2.4b€424.7m14.5x11.1x2x
Mon, 03 Jun 2024€4.7b€2.4b€427.0m15.2x11x2x
Wed, 01 May 2024€4.7b€2.4b€425.7m15.3x11.2x2x
Fri, 29 Mar 2024€4.7b€2.2b€436.9m15.4x10.8x2.1x
Sun, 25 Feb 2024€4.7b€2.2b€448.0m14.8x10.6x2.1x
Tue, 23 Jan 2024€4.8b€2.2b€426.1m15.3x11.2x2.2x
Thu, 21 Dec 2023€4.7b€2.2b€424.6m15.4x11.1x2.1x
Sat, 18 Nov 2023€4.6b€2.2b€422.6m13.2x10.8x2.1x
Mon, 16 Oct 2023€4.6b€2.1b€384.4m13x12.1x2.2x
Wed, 13 Sep 2023€4.8b€2.2b€387.0m15.6x12.3x2.2x
Fri, 11 Aug 2023€4.9b€2.1b€360.4m16.5x13.5x2.3x
Sun, 09 Jul 2023€4.8b€1.9b€194.9m17.7x24.7x2.6x
Tue, 06 Jun 2023€4.8b€1.9b€185.1m17x25.8x2.6x
Thu, 04 May 2023€4.6b€1.8b€175.6m19.6x26.4x2.6x
Sat, 01 Apr 2023€4.5b€2.2b€131.5m19.8x34.3x2.1x
Mon, 27 Feb 2023€4.7b€2.1b€53.3m21.3x87.2x2.2x
Price to Earnings Ratio

87.2x


Total Market Cap: €4.7bTotal Earnings: €53.3mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 14.3x202420252026
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 10.8x which is lower than its 3-year average PE of 14.3x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 105% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market0.47%
Tech7.60%
Energy4.48%
Real Estate4.33%
Industrials0.83%
Financials-0.18%
Consumer Discretionary-1.43%
Telecom-1.59%
Consumer Staples-1.64%
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 10.2x.
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
HSB HSBC Bank Malta€1.494.2%
+€21.6m		-3.2%PB0.9xFinancials
HLI Hili Properties€0.2712.5%
+€12.0m		39.9%PE24.3xReal Estate
HRV Harvest Technology€1.1868.6%
+€10.9m		31.1%PE61.2xTech
MIA Malta International Airport€5.850.9%
+€6.8m		-4.1%PE16.2xIndustrials
RS2 RS2€0.348.3%
+€5.7m		-28.9%PS2.1xTech
See more

Market Insights

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QNC
€0.90
Quinco Holdings
7D
-6.3%
1Y
n/a
MIA
€5.85
Malta International Airport
7D
0.9%
1Y
-4.1%
CPT
€0.45
Computime Holdings
7D
-6.3%
1Y
0%
SFC
€4.90
Simonds Farsons Cisk
7D
-3.9%
1Y
-25.2%
HSB
€1.49
HSBC Bank Malta
7D
4.2%
1Y
-3.2%
HRV
€1.18
Harvest Technology
7D
68.6%
1Y
31.1%

Returns On Capital At Harvest Technology (MTSE:HRV) Paint A Concerning Picture

Jan 22
Returns On Capital At Harvest Technology (MTSE:HRV) Paint A Concerning Picture
IHI
€0.44
International Hotel Investments
7D
-0.9%
1Y
-2.7%
MPC
€0.35
Malta Properties
7D
2.3%
1Y
1.2%
GO
€2.48
GO
7D
-1.6%
1Y
-7.5%
RS2
€0.34
RS2
7D
8.3%
1Y
-28.9%

RS2's (MTSE:RS2) Returns On Capital Are Heading Higher

Dec 30
RS2's (MTSE:RS2) Returns On Capital Are Heading Higher
AXR
€0.33
AX Real Estate
7D
-5.2%
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
MDS
€0.70
MedservRegis
7D
4.5%
1Y
n/a

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
12.5%
1Y
39.9%
FIM
US$0.17
FIMBank
7D
-13.3%
1Y
13.3%
BOV
€2.04
Bank of Valletta
7D
-1.0%
1Y
18.1%

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