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Maltese (MSE) Market Analysis & Valuation

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies33
  • 7D1.1%
  • 3M7.6%
  • 1Y2.6%
  • YTD5.7%

Over the last 7 days, the market has risen 1.1%, driven by gains of 1.8% in the Financials sector. As for last year, the market performance has been flat.

Market Valuation and Performance

Has the Maltese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026€5.2b€2.6b€445.0m15.4x11.6x2x
Tue, 17 Feb 2026€5.0b€2.6b€462.2m14.3x10.8x1.9x
Thu, 15 Jan 2026€4.9b€2.6b€462.2m14.8x10.6x1.9x
Sat, 13 Dec 2025€4.8b€2.6b€477.8m14.4x10x1.8x
Mon, 10 Nov 2025€4.9b€2.6b€477.2m14.2x10.2x1.9x
Wed, 08 Oct 2025€4.7b€2.6b€478.5m13.4x9.9x1.8x
Fri, 05 Sep 2025€4.8b€2.5b€477.2m13x10x1.9x
Sun, 03 Aug 2025€4.8b€2.5b€461.4m13.5x10.5x1.9x
Tue, 01 Jul 2025€4.8b€2.5b€482.3m14x10x1.9x
Thu, 29 May 2025€4.8b€2.5b€478.5m14.4x10.1x1.9x
Sat, 26 Apr 2025€4.9b€2.5b€468.6m14.3x10.5x2x
Mon, 24 Mar 2025€5.0b€2.5b€474.2m13.7x10.5x2x
Wed, 19 Feb 2025€4.9b€2.5b€465.7m14x10.5x2x
Fri, 17 Jan 2025€4.7b€2.5b€465.7m14.1x10.2x1.9x
Sun, 15 Dec 2024€4.8b€2.5b€456.9m14.3x10.4x1.9x
Tue, 12 Nov 2024€4.9b€2.5b€456.4m14.6x10.7x2x
Thu, 10 Oct 2024€4.8b€2.5b€462.3m14.6x10.5x1.9x
Sat, 07 Sep 2024€4.9b€2.5b€460.3m14.4x10.6x2x
Mon, 05 Aug 2024€4.9b€2.4b€468.7m14.7x10.4x2x
Wed, 03 Jul 2024€4.7b€2.4b€421.8m14.8x11.2x2x
Fri, 31 May 2024€4.7b€2.4b€427.0m15.1x11x2x
Sun, 28 Apr 2024€4.8b€2.4b€424.4m15.2x11.2x2x
Tue, 26 Mar 2024€4.8b€2.2b€434.8m15.2x10.9x2.1x
Thu, 22 Feb 2024€4.7b€2.2b€425.8m14.5x11x2.2x
Sat, 20 Jan 2024€4.8b€2.2b€426.1m15.3x11.3x2.2x
Mon, 18 Dec 2023€4.7b€2.2b€423.6m15.2x11x2.1x
Wed, 15 Nov 2023€4.6b€2.2b€422.6m13.2x10.8x2.1x
Fri, 13 Oct 2023€4.6b€2.1b€384.4m13x12x2.2x
Sun, 10 Sep 2023€4.7b€2.2b€387.0m15.2x12.2x2.2x
Tue, 08 Aug 2023€4.9b€2.1b€358.1m16.5x13.7x2.3x
Thu, 06 Jul 2023€4.8b€1.9b€194.9m17.6x24.6x2.5x
Sat, 03 Jun 2023€4.8b€1.9b€185.1m17x25.8x2.6x
Mon, 01 May 2023€4.6b€1.8b€173.9m19.3x26.4x2.6x
Wed, 29 Mar 2023€4.5b€2.1b€85.9m19.9x52.4x2.1x
Price to Earnings Ratio

52.4x


Total Market Cap: €4.5bTotal Earnings: €85.9mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Market Price to Earnings3Y Average 12.9x202420252026
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 11.6x which is lower than its 3-year average PE of 12.9x.
Past Earnings Growth
  • The earnings for Maltese listed companies have grown 73% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market1.11%
Financials1.80%
Telecom1.59%
Consumer Staples1.27%
Industrials0.89%
Consumer Discretionary0.70%
Energy0%0
Real Estate-0.42%
Tech-2.18%
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 61.2x.
    • 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 close to its 3-year average of 9.0x.
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€2.141.9%
+€25.7m		17.7%PB0.9xFinancials
MMS MAPFRE Middlesea€1.5913.6%
+€17.5m		n/aPE10.9xFinancials
MDI MIDI€0.2816.7%
+€8.6m		21.7%PS17.6xReal Estate
MIA Malta International Airport€6.100.8%
+€6.8m		0%PE16.9xIndustrials
PG PG€1.693.0%
+€5.4m		n/aPE13.8xConsumer Staples
See more

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Latest News

BMIT
€0.29
BMIT Technologies
7D
-3.3%
1Y
-17.1%
BOV
€2.14
Bank of Valletta
7D
1.9%
1Y
17.7%
MIA
€6.10
Malta International Airport
7D
0.8%
1Y
0%
AXR
€0.45
AX Real Estate
7D
-9.2%
1Y
10.7%
MMS
€1.59
MAPFRE Middlesea
7D
13.6%
1Y
n/a
GO
€2.56
GO
7D
1.6%
1Y
-4.5%
PZC
€0.88
Plaza Centres
7D
-2.2%
1Y
46.7%

Plaza Centres p.l.c.'s (MTSE:PZC) 31% Price Boost Is Out Of Tune With Earnings

Jan 08
Plaza Centres p.l.c.'s (MTSE:PZC) 31% Price Boost Is Out Of Tune With Earnings
GHM
€1.00
Grand Harbour Marina
7D
12.4%
1Y
25.0%

Grand Harbour Marina (MTSE:GHM) Shareholders Will Want The ROCE Trajectory To Continue

Dec 30
Grand Harbour Marina (MTSE:GHM) Shareholders Will Want The ROCE Trajectory To Continue
RS2
€0.31
RS2
7D
-3.1%
1Y
-20.5%

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

Dec 30
RS2's (MTSE:RS2) Returns On Capital Are Heading Higher
MLT
€0.38
Malita Investments
7D
2.7%
1Y
-28.3%

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
€1.69
PG
7D
3.0%
1Y
n/a
MDI
€0.28
MIDI
7D
16.7%
1Y
21.7%