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Maltese (MSE) Market Analysis & Valuation

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies31
  • 7D-0.2%
  • 3M-0.8%
  • 1Y1.4%
  • YTD2.3%

The market has been flat over the last week. 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 Sep 2025€4.8b€2.6b€478.6m13.8x10.1x1.9x
Wed, 13 Aug 2025€4.9b€2.5b€464.6m13.9x10.5x1.9x
Fri, 11 Jul 2025€4.8b€2.5b€482.3m14.2x9.9x1.9x
Sun, 08 Jun 2025€4.8b€2.5b€480.7m13.9x10x1.9x
Tue, 06 May 2025€4.9b€2.5b€482.4m15.2x10.1x1.9x
Thu, 03 Apr 2025€5.0b€2.5b€468.2m13.7x10.7x2x
Sat, 01 Mar 2025€5.0b€2.5b€467.1m13.9x10.7x2x
Mon, 27 Jan 2025€4.8b€2.5b€465.7m14.2x10.3x2x
Wed, 25 Dec 2024€4.8b€2.5b€456.5m14.4x10.5x1.9x
Fri, 22 Nov 2024€4.8b€2.5b€456.9m14.4x10.6x1.9x
Sun, 20 Oct 2024€4.8b€2.5b€458.4m14.4x10.4x1.9x
Tue, 17 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Thu, 15 Aug 2024€4.9b€2.5b€468.7m14.8x10.6x2x
Sat, 13 Jul 2024€4.7b€2.4b€424.6m13.8x11x2x
Mon, 10 Jun 2024€4.7b€2.4b€420.7m14.8x11.1x2x
Wed, 08 May 2024€4.8b€2.4b€428.6m15.4x11.3x2x
Fri, 05 Apr 2024€4.7b€2.3b€433.1m15.4x10.9x2x
Sun, 03 Mar 2024€4.8b€2.2b€437.7m14.5x11x2.2x
Tue, 30 Jan 2024€4.8b€2.2b€426.1m15.1x11.2x2.2x
Thu, 28 Dec 2023€4.9b€2.2b€426.1m15.7x11.4x2.2x
Sat, 25 Nov 2023€4.6b€2.2b€422.6m13.2x10.9x2.1x
Mon, 23 Oct 2023€4.6b€2.1b€384.4m13x11.9x2.2x
Wed, 20 Sep 2023€4.7b€2.1b€382.7m14.5x12.3x2.2x
Fri, 18 Aug 2023€4.8b€2.1b€360.7m16.5x13.4x2.3x
Sun, 16 Jul 2023€4.8b€1.9b€194.9m17.7x24.4x2.5x
Tue, 13 Jun 2023€4.7b€1.9b€185.1m17.2x25.6x2.5x
Thu, 11 May 2023€4.6b€1.8b€175.6m19.9x26.4x2.6x
Sat, 08 Apr 2023€4.5b€1.7b€133.0m18.7x33.7x2.6x
Mon, 06 Mar 2023€4.6b€2.1b€76.2m23.9x60.3x2.2x
Wed, 01 Feb 2023€4.5b€2.1b€53.3m20.6x85.1x2.2x
Fri, 30 Dec 2022€4.5b€2.1b€53.3m21.3x84.5x2.2x
Sun, 27 Nov 2022€4.6b€2.1b€51.0m20.8x90.3x2.2x
Tue, 25 Oct 2022€4.7b€2.1b€50.3m22.5x93.2x2.3x
Thu, 22 Sep 2022€4.7b€1.6b€33.4m27.8x141.6x3.1x
Price to Earnings Ratio

141.6x


Total Market Cap: €4.7bTotal Earnings: €33.4mTotal Revenue: €1.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 27.4x202320242025
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 10.1x which is lower than its 3-year average PE of 27.4x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 143% per year over the last three years.
  • Revenues for these companies have grown 19% 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%
Tech2.26%
Real Estate1.22%
Industrials0.80%
Telecom0.75%
Energy0%0
Consumer Discretionary0%0
Consumer Staples-0.92%
Financials-1.01%
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 18.3x.
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
MIA Malta International Airport€6.000.8%
+€6.8m		0.8%PE16.7xIndustrials
RS2 RS2€0.375.7%
+€4.4m		-35.7%PE125xTech
MPC Malta Properties€0.3613.1%
+€4.3m		9.7%PE14.4xReal Estate
SFC Simonds Farsons Cisk€6.201.6%
+€3.6m		-8.1%PE13.2xConsumer Staples
TRI Trident Estates€1.065.0%
+€2.1m		-7.8%PE13.6xReal Estate
See more

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Latest News

MSC
€0.19
Main Street Complex
7D
-17.0%
1Y
n/a

Subdued Growth No Barrier To Main Street Complex p.l.c.'s (MTSE:MSC) Price

Sep 10
Subdued Growth No Barrier To Main Street Complex p.l.c.'s (MTSE:MSC) Price
TRI
€1.06
Trident Estates
7D
5.0%
1Y
-7.8%
PG
€1.83
PG
7D
-3.7%
1Y
-5.7%
SFC
€6.20
Simonds Farsons Cisk
7D
1.6%
1Y
-8.1%
MZ
€0.59
M&Z
7D
-1.7%
1Y
n/a
GO
€2.70
GO
7D
0.7%
1Y
-0.7%

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
MIA
€6.00
Malta International Airport
7D
0.8%
1Y
0.8%

Malta International Airport (MTSE:MIA) Is Due To Pay A Dividend Of €0.06

Aug 08
Malta International Airport (MTSE:MIA) Is Due To Pay A Dividend Of €0.06
HSB
€1.33
HSBC Bank Malta
7D
-2.2%
1Y
-9.5%
FIM
US$0.12
FIMBank
7D
-8.0%
1Y
-30.3%
MPC
€0.36
Malta Properties
7D
13.1%
1Y
9.7%

Malta Properties Company p.l.c.'s (MTSE:MPC) 37% Price Boost Is Out Of Tune With Earnings

Jul 12
Malta Properties Company p.l.c.'s (MTSE:MPC) 37% Price Boost Is Out Of Tune With Earnings
BOV
€1.90
Bank of Valletta
7D
-0.5%
1Y
23.7%

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
RS2
€0.37
RS2
7D
5.7%
1Y
-35.7%

RS2 (MTSE:RS2) Is Looking To Continue Growing Its Returns On Capital

May 21
RS2 (MTSE:RS2) Is Looking To Continue Growing Its Returns On Capital
LOM
€0.71
Lombard Bank Malta
7D
-0.7%
1Y
-15.9%

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