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Maltese (MSE) Market Analysis & Valuation

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies32
  • 7D-0.2%
  • 3M-1.6%
  • 1Y-1.4%
  • YTD0.07%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 11%. 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
Thu, 25 Dec 2025€4.8b€2.6b€479.5m13.6x9.9x1.8x
Sat, 22 Nov 2025€4.9b€2.6b€477.0m14.4x10.2x1.9x
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
Price to Earnings Ratio

84.9x


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 18.2x202320242025
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 9.9x which is lower than its 3-year average PE of 18.2x.
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-0.21%
Industrials0.63%
Real Estate0.41%
Consumer Staples0%0
Telecom0%0
Consumer Discretionary-0.037%
Financials-0.19%
Tech-2.47%
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 12.6x.
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
MTP MaltaPost€0.5114.8%
+€5.2m		5.2%PE10.1xIndustrials
HSB HSBC Bank Malta€1.420.7%
+€3.6m		-1.4%PB0.8xFinancials
PZC Plaza Centres€0.7510.3%
+€1.8m		n/aPE15.4xReal Estate
GHM Grand Harbour Marina€0.903.4%
+€600.0k		-3.2%PE13.3xConsumer Discretionary
MDI MIDI€0.170.6%
+€214.2k		n/aPS10.8xReal Estate
See more

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HSB
€1.42
HSBC Bank Malta
7D
0.7%
1Y
-1.4%
MTP
€0.51
MaltaPost
7D
14.8%
1Y
5.2%

Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)

Dec 23
Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)
MMS
€1.38
MAPFRE Middlesea
7D
-0.7%
1Y
-1.4%
PZC
€0.75
Plaza Centres
7D
10.3%
1Y
n/a
MSC
€0.19
Main Street Complex
7D
-5.0%
1Y
-36.7%

A Look At The Intrinsic Value Of Main Street Complex p.l.c. (MTSE:MSC)

Nov 06
A Look At The Intrinsic Value Of Main Street Complex p.l.c. (MTSE:MSC)
MDS
€0.65
MedservRegis
7D
-11.0%
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
RS2
€0.29
RS2
7D
-3.3%
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)
APS
€0.48
APS Bank
7D
-0.4%
1Y
-14.6%
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
€0.27
BMIT Technologies
7D
-3.6%
1Y
-22.4%

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

Sep 11
BMIT Technologies (MTSE:BMIT) Has A Somewhat Strained Balance Sheet
MDI
€0.17
MIDI
7D
0.6%
1Y
n/a
LOM
€0.60
Lombard Bank Malta
7D
-6.3%
1Y
-24.1%

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