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Maltese (MSE) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies33
  • 7D-0.1%
  • 3M-3.9%
  • 1Y-1.0%
  • YTD1.5%

The Communication Services sector gained 4.0% 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
Sat, 15 Nov 2025€4.9b€2.6b€477.2m14.4x10.2x1.9x
Mon, 13 Oct 2025€4.8b€2.6b€476.4m13.4x10x1.8x
Wed, 10 Sep 2025€4.8b€2.6b€478.6m13.5x10x1.9x
Fri, 08 Aug 2025€4.9b€2.5b€461.0m13.2x10.6x2x
Sun, 06 Jul 2025€4.8b€2.5b€482.3m14.2x10x1.9x
Tue, 03 Jun 2025€4.8b€2.5b€480.7m14.1x10x1.9x
Thu, 01 May 2025€4.8b€2.5b€469.6m14.3x10.3x1.9x
Sat, 29 Mar 2025€5.0b€2.5b€475.1m13.7x10.5x2x
Mon, 24 Feb 2025€4.9b€2.5b€466.8m14x10.6x2x
Wed, 22 Jan 2025€4.8b€2.5b€465.7m14.2x10.4x2x
Fri, 20 Dec 2024€4.7b€2.5b€456.9m14.2x10.3x1.9x
Sun, 17 Nov 2024€4.8b€2.5b€456.9m14.4x10.6x1.9x
Tue, 15 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Thu, 12 Sep 2024€4.8b€2.5b€460.3m14.4x10.4x1.9x
Sat, 10 Aug 2024€4.9b€2.5b€468.5m14.8x10.4x2x
Mon, 08 Jul 2024€4.7b€2.4b€424.7m14.5x11.1x2x
Wed, 05 Jun 2024€4.7b€2.4b€426.2m15x11x2x
Fri, 03 May 2024€4.8b€2.4b€422.1m15.4x11.4x2x
Sun, 31 Mar 2024€4.7b€2.2b€436.9m15.4x10.8x2.1x
Tue, 27 Feb 2024€4.7b€2.2b€448.0m14.5x10.6x2.1x
Thu, 25 Jan 2024€4.8b€2.2b€426.1m15.3x11.2x2.2x
Sat, 23 Dec 2023€4.8b€2.2b€426.1m15.2x11.3x2.2x
Mon, 20 Nov 2023€4.6b€2.2b€422.6m13.2x10.8x2.1x
Wed, 18 Oct 2023€4.6b€2.1b€384.4m13x12x2.2x
Fri, 15 Sep 2023€4.7b€2.2b€386.9m15.2x12.2x2.2x
Sun, 13 Aug 2023€4.9b€2.1b€360.7m16.5x13.5x2.3x
Tue, 11 Jul 2023€4.8b€1.9b€194.9m17.7x24.7x2.6x
Thu, 08 Jun 2023€4.8b€1.9b€185.1m17.2x25.9x2.6x
Sat, 06 May 2023€4.7b€1.8b€175.6m20.5x26.8x2.6x
Mon, 03 Apr 2023€4.5b€2.2b€131.9m19.8x34.2x2.1x
Wed, 01 Mar 2023€4.6b€2.1b€53.3m21.2x87.1x2.2x
Fri, 27 Jan 2023€4.5b€2.1b€53.3m20.6x84.8x2.2x
Sun, 25 Dec 2022€4.5b€2.1b€53.3m21.3x85x2.2x
Tue, 22 Nov 2022€4.6b€2.1b€51.0m20.8x90.4x2.2x
Price to Earnings Ratio

90.4x


Total Market Cap: €4.6bTotal Earnings: €51.0mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 21.1x202320242025
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 10.2x which is lower than its 3-year average PE of 21.1x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 111% per year over the last three years.
  • Revenues for these companies have grown 7.8% 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-0.13%
Telecom4.03%
Consumer Discretionary1.61%
Industrials0.29%
Energy0%0
Consumer Staples-0.0013%
Financials-0.033%
Tech-1.21%
Real Estate-4.41%
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 14.3x.
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
APS APS Bank€0.508.7%
+€15.3m
-11.5%PB0.6xFinancials
IHI International Hotel Investments€0.444.8%
+€12.3m
n/aPE34.4xConsumer Discretionary
GO GO€2.584.0%
+€10.1m
-7.2%PE15.5xTelecom
CVS Convenience Shop (Holding)€1.0026.6%
+€6.5m
n/aPE22.6xConsumer Staples
PZC Plaza Centres€0.6820.5%
+€2.9m
n/aPE13.9xReal Estate
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