Maltese (MSE) Market Analysis & Valuation

UpdatedDec 13, 2025

DataAggregated Company Financials

Companies32

7D-0.7%
3M-2.0%
1Y-0.9%
YTD0.3%

The market has been flat in the last week, however the Real Estate sector is down 3.4%. 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?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Dec 2025	€4.8b	€2.6b	€477.8m	14.4x	10x	1.8x
Mon, 10 Nov 2025	€4.9b	€2.6b	€477.2m	14.2x	10.2x	1.9x
Wed, 08 Oct 2025	€4.7b	€2.6b	€478.5m	13.4x	9.9x	1.8x
Fri, 05 Sep 2025	€4.8b	€2.5b	€477.2m	13x	10x	1.9x
Sun, 03 Aug 2025	€4.8b	€2.5b	€461.4m	13.5x	10.5x	1.9x
Tue, 01 Jul 2025	€4.8b	€2.5b	€482.3m	14x	10x	1.9x
Thu, 29 May 2025	€4.8b	€2.5b	€478.5m	14.4x	10.1x	1.9x
Sat, 26 Apr 2025	€4.9b	€2.5b	€468.6m	14.3x	10.5x	2x
Mon, 24 Mar 2025	€5.0b	€2.5b	€474.2m	13.7x	10.5x	2x
Wed, 19 Feb 2025	€4.9b	€2.5b	€465.7m	14x	10.5x	2x
Fri, 17 Jan 2025	€4.7b	€2.5b	€465.7m	14.1x	10.2x	1.9x
Sun, 15 Dec 2024	€4.8b	€2.5b	€456.9m	14.3x	10.4x	1.9x
Tue, 12 Nov 2024	€4.9b	€2.5b	€456.4m	14.6x	10.7x	2x
Thu, 10 Oct 2024	€4.8b	€2.5b	€462.3m	14.6x	10.5x	1.9x
Sat, 07 Sep 2024	€4.9b	€2.5b	€460.3m	14.4x	10.6x	2x
Mon, 05 Aug 2024	€4.9b	€2.4b	€468.7m	14.7x	10.4x	2x
Wed, 03 Jul 2024	€4.7b	€2.4b	€421.8m	14.8x	11.2x	2x
Fri, 31 May 2024	€4.7b	€2.4b	€427.0m	15.1x	11x	2x
Sun, 28 Apr 2024	€4.8b	€2.4b	€424.4m	15.2x	11.2x	2x
Tue, 26 Mar 2024	€4.8b	€2.2b	€434.8m	15.2x	10.9x	2.1x
Thu, 22 Feb 2024	€4.7b	€2.2b	€425.8m	14.5x	11x	2.2x
Sat, 20 Jan 2024	€4.8b	€2.2b	€426.1m	15.3x	11.3x	2.2x
Mon, 18 Dec 2023	€4.7b	€2.2b	€423.6m	15.2x	11x	2.1x
Wed, 15 Nov 2023	€4.6b	€2.2b	€422.6m	13.2x	10.8x	2.1x
Fri, 13 Oct 2023	€4.6b	€2.1b	€384.4m	13x	12x	2.2x
Sun, 10 Sep 2023	€4.7b	€2.2b	€387.0m	15.2x	12.2x	2.2x
Tue, 08 Aug 2023	€4.9b	€2.1b	€358.1m	16.5x	13.7x	2.3x
Thu, 06 Jul 2023	€4.8b	€1.9b	€194.9m	17.6x	24.6x	2.5x
Sat, 03 Jun 2023	€4.8b	€1.9b	€185.1m	17x	25.8x	2.6x
Mon, 01 May 2023	€4.6b	€1.8b	€173.9m	19.3x	26.4x	2.6x
Wed, 29 Mar 2023	€4.5b	€2.1b	€85.9m	19.9x	52.4x	2.1x
Fri, 24 Feb 2023	€4.6b	€2.1b	€53.3m	21.1x	85.8x	2.2x
Sun, 22 Jan 2023	€4.5b	€2.1b	€53.3m	20.6x	84.3x	2.2x
Tue, 20 Dec 2022	€4.4b	€2.1b	€53.9m	20.9x	82.3x	2.1x

Price to Earnings Ratio

82.3x

Tue, 20 Dec 2022

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 10.0x which is lower than its 3-year average PE of 19.1x.

Past Earnings Growth

The earnings for Maltese listed companies have grown 107% per year over the last three years.
Revenues for these companies have grown 7.5% 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	-0.73%
Consumer Staples	1.11%
Energy	0%	0
Industrials	-0.12%
Financials	-0.56%
Telecom	-0.78%
Tech	-0.90%
Consumer Discretionary	-2.08%
Real Estate	-3.40%

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 13.1x.

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?

Company	Last Price	7D	1Y	Valuation	Sector
SFC Simonds Farsons Cisk	€5.20	4.4% +€7.9m	-22.4%	PE10.7x	Consumer Staples
HSB HSBC Bank Malta	€1.41	0.7% +€3.6m	0%	PB0.8x	Financials
LQS Loqus Holdings	€0.23	27.8% +€1.6m	n/a	PE62.4x	Tech
HRV Harvest Technology	€0.65	4.8% +€683.4k	-23.5%	PE33.7x	Tech