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Maltese (MSE) Market Analysis & Valuation

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies33
  • 7D0.4%
  • 3M5.2%
  • 1Y0.08%
  • YTD4.1%

In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 3.9%. 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
Fri, 06 Mar 2026€5.1b€2.6b€446.1m15.1x11.4x2x
Sun, 01 Feb 2026€4.8b€2.6b€462.2m13.9x10.5x1.9x
Tue, 30 Dec 2025€4.8b€2.6b€479.5m14.3x10x1.8x
Thu, 27 Nov 2025€4.9b€2.6b€477.8m14.4x10.2x1.9x
Sat, 25 Oct 2025€4.8b€2.6b€477.2m14.2x10x1.8x
Mon, 22 Sep 2025€4.8b€2.6b€478.6m13.6x10x1.9x
Wed, 20 Aug 2025€4.8b€2.5b€464.9m13.7x10.4x1.9x
Fri, 18 Jul 2025€4.8b€2.5b€480.9m14.4x9.9x1.9x
Sun, 15 Jun 2025€4.8b€2.5b€482.0m14.1x10x1.9x
Tue, 13 May 2025€4.9b€2.5b€480.5m14.5x10.1x1.9x
Thu, 10 Apr 2025€5.0b€2.5b€468.1m13.7x10.7x2x
Sat, 08 Mar 2025€5.0b€2.5b€473.0m13.8x10.6x2x
Mon, 03 Feb 2025€4.8b€2.5b€465.7m14.1x10.3x2x
Wed, 01 Jan 2025€4.8b€2.4b€453.1m14.3x10.6x2x
Fri, 29 Nov 2024€4.8b€2.5b€456.9m14.4x10.4x1.9x
Sun, 27 Oct 2024€4.8b€2.5b€458.4m14.5x10.6x2x
Tue, 24 Sep 2024€4.9b€2.5b€461.0m14.8x10.6x2x
Thu, 22 Aug 2024€4.9b€2.5b€468.7m14.8x10.5x2x
Sat, 20 Jul 2024€4.7b€2.4b€426.0m14.5x11.1x2x
Mon, 17 Jun 2024€4.7b€2.4b€420.5m15.1x11.1x2x
Wed, 15 May 2024€4.8b€2.4b€427.8m15.1x11.1x2x
Fri, 12 Apr 2024€4.7b€2.3b€431.0m15.2x10.9x2x
Sun, 10 Mar 2024€4.8b€2.2b€437.7m14.5x10.9x2.2x
Tue, 06 Feb 2024€4.7b€2.2b€425.8m14.8x11.1x2.2x
Thu, 04 Jan 2024€4.9b€2.2b€426.1m15.6x11.6x2.2x
Sat, 02 Dec 2023€4.7b€2.2b€425.9m13.6x11.1x2.2x
Mon, 30 Oct 2023€4.6b€2.1b€386.7m13x11.8x2.1x
Wed, 27 Sep 2023€4.7b€2.1b€383.4m14.5x12.2x2.2x
Fri, 25 Aug 2023€4.8b€2.1b€398.4m16.5x12x2.2x
Sun, 23 Jul 2023€4.8b€1.9b€194.9m17.9x24.7x2.6x
Tue, 20 Jun 2023€4.7b€1.9b€185.1m17.3x25.6x2.5x
Thu, 18 May 2023€4.6b€1.8b€176.8m18.3x26.3x2.6x
Sat, 15 Apr 2023€4.5b€1.7b€133.0m18.7x33.9x2.6x
Mon, 13 Mar 2023€4.6b€2.1b€90.1m20.2x51.5x2.2x
Price to Earnings Ratio

51.5x


Total Market Cap: €4.6bTotal Earnings: €90.1mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 13.4x202420252026
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 11.4x which is lower than its 3-year average PE of 13.4x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 70% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market0.35%
Financials0.92%
Industrials0.69%
Real Estate0.55%
Telecom0%0
Consumer Staples-0.51%
Consumer Discretionary-0.59%
Energy-1.43%
Tech-3.88%
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 61.1x.
    • 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 9.6x.
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
BOV Bank of Valletta€2.121.9%
+€25.7m		18.4%PB0.9xFinancials
MIA Malta International Airport€6.000.8%
+€6.8m		-2.4%PE16.7xIndustrials
MPC Malta Properties€0.4512.5%
+€5.1m		24.3%PE24.1xReal Estate
VBL VBL€0.193.9%
+€1.7m		13.9%PE18.5xReal Estate
LQS Loqus Holdings€0.3214.3%
+€1.3m		n/aPE86.8xTech
See more

Market Insights

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Latest News

BOV
€2.12
Bank of Valletta
7D
1.9%
1Y
18.4%
MIA
€6.00
Malta International Airport
7D
0.8%
1Y
-2.4%
QNC
€0.90
Quinco Holdings
7D
-5.3%
1Y
n/a
TRI
€1.01
Trident Estates
7D
1.0%
1Y
n/a
HSB
€1.46
HSBC Bank Malta
7D
-0.7%
1Y
-5.8%
HRV
€1.00
Harvest Technology
7D
-15.3%
1Y
11.1%

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
MPC
€0.45
Malta Properties
7D
12.5%
1Y
24.3%
RS2
€0.32
RS2
7D
-5.9%
1Y
-31.9%

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

Dec 30
RS2's (MTSE:RS2) Returns On Capital Are Heading Higher
MTP
€0.42
MaltaPost
7D
-2.8%
1Y
3.4%

Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)

Dec 23
Returns Are Gaining Momentum At MaltaPost (MTSE:MTP)
MLT
€0.37
Malita Investments
7D
-5.1%
1Y
-29.5%

The Market Doesn't Like What It Sees From Malita Investments p.l.c.'s (MTSE:MLT) Earnings Yet

Dec 15
The Market Doesn't Like What It Sees From Malita Investments p.l.c.'s (MTSE:MLT) Earnings Yet
PG
€1.63
PG
7D
-1.2%
1Y
-10.4%
LQS
€0.32
Loqus Holdings
7D
14.3%
1Y
n/a
MDS
€0.69
MedservRegis
7D
-1.4%
1Y
72.5%

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
VBL
€0.19
VBL
7D
3.9%
1Y
13.9%