Analysis Article • Jun 04
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Maltese (MSE) Real Estate Sector Analysis
UpdatedJul 27, 2026
DataAggregated Company Financials
Companies8
- 7D0.2%
- 3M4.7%
- 1Y19.7%
- YTD21.8%
The Real Estate is pretty flat in the last 7 days, but Trident Estates has stood out, gaining 3.7%. As for the the longer term, the industry is up 20% over the past 12 months.
Sector Valuation and Performance
Has the Maltese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | €447.7m | €73.0m | €189.9k | 19.2x | 2357.1x | 6.1x |
| Wed, 24 Jun 2026 | €556.0m | €89.2m | €4.7m | 22x | 119.5x | 6.2x |
| Fri, 22 May 2026 | €533.2m | €88.9m | €38.7m | 22x | 13.8x | 6x |
| Sun, 19 Apr 2026 | €534.2m | €63.2m | €31.3m | 18.6x | 17x | 8.5x |
| Tue, 17 Mar 2026 | €537.0m | €61.3m | €17.4m | 18.5x | 30.8x | 8.8x |
| Thu, 12 Feb 2026 | €450.3m | €61.4m | €17.8m | 17.7x | 25.3x | 7.3x |
| Sat, 10 Jan 2026 | €469.1m | €61.4m | €17.8m | 18.3x | 26.3x | 7.6x |
| Mon, 08 Dec 2025 | €459.6m | €89.2m | €35.2m | 16.1x | 13.1x | 5.2x |
| Wed, 05 Nov 2025 | €445.0m | €89.2m | €35.2m | 15.6x | 12.6x | 5x |
| Fri, 03 Oct 2025 | €454.3m | €89.6m | €35.9m | 13.5x | 12.7x | 5.1x |
| Sun, 31 Aug 2025 | €471.2m | €90.4m | €28.9m | 13.1x | 16.3x | 5.2x |
| Tue, 29 Jul 2025 | €472.0m | €89.9m | €28.7m | 14.2x | 16.4x | 5.3x |
| Thu, 26 Jun 2025 | €486.1m | €89.9m | €28.7m | 13.6x | 16.9x | 5.4x |
| Sat, 24 May 2025 | €503.2m | €88.9m | €26.9m | 15.1x | 18.7x | 5.7x |
| Mon, 21 Apr 2025 | €502.6m | €88.1m | €29.2m | 15.2x | 17.2x | 5.7x |
| Wed, 19 Mar 2025 | €491.1m | €87.9m | €29.2m | 14.7x | 16.8x | 5.6x |
| Fri, 14 Feb 2025 | €492.9m | €83.2m | €23.3m | 16.4x | 21.1x | 5.9x |
| Sun, 12 Jan 2025 | €505.6m | €83.2m | €23.3m | 17x | 21.7x | 6.1x |
| Tue, 10 Dec 2024 | €510.9m | €83.2m | €23.3m | 16.3x | 21.9x | 6.1x |
| Thu, 07 Nov 2024 | €510.5m | €83.2m | €23.3m | 18.4x | 21.9x | 6.1x |
| Sat, 05 Oct 2024 | €579.9m | €91.7m | €27.2m | 17.3x | 21.3x | 6.3x |
| Mon, 02 Sep 2024 | €532.5m | €91.0m | €26.5m | 14.8x | 20.1x | 5.9x |
| Wed, 31 Jul 2024 | €542.2m | €85.5m | €40.7m | 18.2x | 13.3x | 6.3x |
| Fri, 28 Jun 2024 | €544.8m | €82.6m | €39.4m | 15.7x | 13.8x | 6.6x |
| Sun, 26 May 2024 | €546.3m | €80.7m | €46.1m | 14.5x | 11.9x | 6.8x |
| Tue, 23 Apr 2024 | €470.7m | €84.5m | €49.7m | 11.4x | 9.5x | 5.6x |
| Thu, 21 Mar 2024 | €531.3m | €85.5m | €72.2m | 11.2x | 7.4x | 6.2x |
| Sat, 17 Feb 2024 | €563.7m | €85.5m | €72.2m | 11.8x | 7.8x | 6.6x |
| Mon, 15 Jan 2024 | €578.4m | €85.5m | €72.2m | 11.9x | 8x | 6.8x |
| Wed, 13 Dec 2023 | €588.1m | €85.5m | €72.2m | 11.9x | 8.1x | 6.9x |
| Fri, 10 Nov 2023 | €573.1m | €85.5m | €72.2m | 12.5x | 7.9x | 6.7x |
| Sun, 08 Oct 2023 | €569.6m | €85.5m | €72.2m | 12.4x | 7.9x | 6.7x |
| Tue, 05 Sep 2023 | €572.5m | €84.6m | €72.2m | 12.4x | 7.9x | 6.8x |
| Thu, 03 Aug 2023 | €589.5m | €77.3m | €32.9m | 18.1x | 17.9x | 7.6x |
Price to Earnings Ratio
17.9x
Current Industry PE
- Investors are optimistic on the Maltese Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 2kx which is higher than its 3-year average PE of 38.9x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 82% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Maltese Real Estate sector?
| MT Market | 0.24% | |
| Real Estate | 0.21% | |
| Real Estate | 0.21% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 38.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 38.9x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TRI Trident Estates | €1.13 | 3.7% +€1.7m | 18.9% | PE6.4x | |
| MPC Malta Properties | €0.41 | 0.5% +€202.6k | 17.1% | PE28x |