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Maltese (MSE) Banks Industry Analysis

UpdatedJun 01, 2023
DataAggregated Company Financials
  • 7D9.6%
  • 3M19.7%
  • 1Y35.8%
  • YTD36.4%

All of the companies in the Banks industry have been up over the last week, with the industry up 6.2%. In the last 12 months, the industry was up 32%.

Industry Valuation and Performance

Has the Maltese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jun 2023€1.6b€658.9m€64.3m17.1x24.1x2.4x
Sat, 29 Apr 2023€1.4b€656.5m€62.0m14.4x22.3x2.1x
Mon, 27 Mar 2023€1.3b€563.0m€16.4m9.4x79.3x2.3x
Wed, 22 Feb 2023€1.3b€579.8m€19.6m16.5x66.3x2.2x
Fri, 20 Jan 2023€1.2b€579.8m€19.6m12.8x62.3x2.1x
Sun, 18 Dec 2022€1.2b€579.8m€19.6m11.9x59.5x2x
Tue, 15 Nov 2022€1.2b€579.8m€19.6m12x60.9x2.1x
Thu, 13 Oct 2022€1.2b€564.2m€13.0m13.1x94.4x2.2x
Sat, 10 Sep 2022€1.2b€564.2m€13.0m13.1x93.8x2.2x
Mon, 08 Aug 2022€1.2b€575.1m€25.1m12.7x47.9x2.1x
Wed, 06 Jul 2022€1.2b€558.2m€91.5m14.1x13.5x2.2x
Fri, 03 Jun 2022€986.7m€493.6m€76.9m12.1x12.8x2x
Sun, 01 May 2022€921.0m€493.6m€76.9m12.2x12x1.9x
Tue, 29 Mar 2022€975.1m€393.4m€20.8m17.2x46.8x2.5x
Thu, 24 Feb 2022€1.1b€393.4m€20.8m20.2x50.5x2.7x
Sat, 22 Jan 2022€1.0b€393.4m€20.8m18.9x49.9x2.6x
Mon, 20 Dec 2021€1.1b€393.4m€20.8m17.9x52.4x2.8x
Wed, 17 Nov 2021€1.1b€393.4m€20.8m16.4x52.1x2.8x
Fri, 15 Oct 2021€1.1b€393.4m€20.8m16.6x53.1x2.8x
Sun, 12 Sep 2021€1.1b€393.4m€20.8m16.4x53.3x2.8x
Tue, 10 Aug 2021€1.1b€389.4m€20.7m16.2x52.3x2.8x
Mon, 03 May 2021€1.1b€363.3m€903.0k22.9x1175.2x2.9x
Thu, 04 Feb 2021€1.2b€337.2m-€18,884,575.0039.5x-63.4x3.5x
Sun, 08 Nov 2020€1.0b€390.5m€5.3m20.9x189.6x2.6x
Sat, 01 Aug 2020€1.2b€443.9m€29.6m16.2x40.5x2.7x
Price to Earnings Ratio


Total Market Cap: €1.3bTotal Earnings: €63.5mTotal Revenue: €479.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Maltese Banks Industry Price to Earnings3Y Average 149.9x202120222023
Current Industry PE
  • Investors are pessimistic on the Maltese Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.7x which is lower than its 3-year average PE of 150x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Maltese Financials industry?

MT Market2.66%
Diversified Banks9.82%
Regional Banks6.32%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 24.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 11.2x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HSB HSBC Bank Malta€1.2515.7%
BOV Bank of Valletta€1.199.2%
APS APS Bank€0.625.1%
LOM Lombard Bank Malta€1.016.3%
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HSBC Bank Malta







Bank of Valletta







APS Bank