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Maltese (MSE) Market Analysis & Valuation

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies32
  • 7D-0.7%
  • 3M-1.0%
  • 1Y-0.9%
  • YTD0.4%

Over the last 7 days, the market has remained flat, although notably the Real Estate sector declined by 3.4%. 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, 15 Dec 2025€4.8b€2.6b€477.8m14.4x10x1.8x
Wed, 12 Nov 2025€4.8b€2.6b€477.2m14.2x10.1x1.9x
Fri, 10 Oct 2025€4.8b€2.6b€478.5m13.4x9.9x1.8x
Sun, 07 Sep 2025€4.8b€2.6b€478.6m13.2x10.1x1.9x
Tue, 05 Aug 2025€4.9b€2.5b€461.4m13.5x10.5x1.9x
Thu, 03 Jul 2025€4.8b€2.5b€482.3m14.2x10x1.9x
Sat, 31 May 2025€4.8b€2.5b€479.1m14.1x10.1x1.9x
Mon, 28 Apr 2025€4.9b€2.5b€469.9m14.3x10.4x2x
Wed, 26 Mar 2025€5.0b€2.5b€474.2m13.5x10.5x2x
Fri, 21 Feb 2025€4.9b€2.5b€465.7m14x10.6x2x
Sun, 19 Jan 2025€4.8b€2.5b€465.7m14.1x10.4x2x
Tue, 17 Dec 2024€4.8b€2.5b€456.9m14.3x10.5x1.9x
Thu, 14 Nov 2024€4.8b€2.5b€456.4m14.6x10.6x1.9x
Sat, 12 Oct 2024€4.8b€2.5b€458.4m14.4x10.5x1.9x
Mon, 09 Sep 2024€4.9b€2.5b€460.3m14.4x10.6x2x
Wed, 07 Aug 2024€4.9b€2.4b€468.7m14.2x10.4x2x
Fri, 05 Jul 2024€4.7b€2.4b€424.7m14.7x11.2x2x
Sun, 02 Jun 2024€4.7b€2.4b€427.0m15.2x11x2x
Tue, 30 Apr 2024€4.7b€2.4b€425.8m15.2x11.1x2x
Thu, 28 Mar 2024€4.7b€2.2b€436.9m15.4x10.8x2.1x
Sat, 24 Feb 2024€4.7b€2.2b€448.0m14.8x10.6x2.1x
Mon, 22 Jan 2024€4.8b€2.2b€426.1m15.3x11.3x2.2x
Wed, 20 Dec 2023€4.7b€2.2b€424.6m15.5x11.1x2.1x
Fri, 17 Nov 2023€4.6b€2.2b€422.6m13.2x10.8x2.1x
Sun, 15 Oct 2023€4.6b€2.1b€384.4m13x12.1x2.2x
Tue, 12 Sep 2023€4.8b€2.2b€387.0m15.4x12.3x2.2x
Thu, 10 Aug 2023€4.9b€2.1b€360.4m16.5x13.5x2.3x
Sat, 08 Jul 2023€4.8b€1.9b€194.9m17.7x24.7x2.6x
Mon, 05 Jun 2023€4.8b€1.9b€185.1m17x25.8x2.6x
Wed, 03 May 2023€4.6b€1.8b€175.6m19.5x26.3x2.6x
Fri, 31 Mar 2023€4.5b€2.1b€85.9m19.9x52.5x2.1x
Sun, 26 Feb 2023€4.7b€2.1b€53.3m21.3x87.2x2.2x
Tue, 24 Jan 2023€4.5b€2.1b€53.3m20.6x85.1x2.2x
Thu, 22 Dec 2022€4.5b€2.1b€53.3m20.9x84.8x2.2x
Price to Earnings Ratio

84.8x


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 18.9x202320242025
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 19.0x.
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 7.5% 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-0.73%
Consumer Staples1.12%
Energy0%0
Industrials-0.12%
Financials-0.56%
Telecom-0.78%
Tech-0.94%
Consumer Discretionary-2.08%
Real Estate-3.39%
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 13.1x.
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
SFC Simonds Farsons Cisk€5.204.4%
+€7.9m
-22.4%PE10.7xConsumer Staples
HSB HSBC Bank Malta€1.410.7%
+€3.6m
0%PB0.8xFinancials
LQS Loqus Holdings€0.2327.8%
+€1.6m
n/aPE62.4xTech
HRV Harvest Technology€0.654.8%
+€683.4k
-23.5%PE33.7xTech
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