Plaza Centres p.l.c.'s (MTSE:PZC) 31% Price Boost Is Out Of Tune With Earnings
Jan 08
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Maltese (MSE) Real Estate Sector Analysis
UpdatedApr 06, 2026
DataAggregated Company Financials
Companies9
- 7D-2.4%
- 3M11.7%
- 1Y-7.2%
- YTD13.8%
Over the last 7 days, the Real Estate industry has dropped 2.4%, driven by a pullback from Malita Investments of 2.6%. In contrast, Malta Properties has gained 17%. Overall the industry is down 7.2% in 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, 06 Apr 2026 | €525.0m | €61.3m | €17.4m | 18.6x | 30.1x | 8.6x |
| Wed, 04 Mar 2026 | €521.5m | €61.4m | €17.8m | 18.5x | 29.2x | 8.5x |
| Fri, 30 Jan 2026 | €463.7m | €61.4m | €17.8m | 18.3x | 26x | 7.6x |
| Sun, 28 Dec 2025 | €445.4m | €89.2m | €35.2m | 16.8x | 12.7x | 5x |
| Tue, 25 Nov 2025 | €460.4m | €89.2m | €35.2m | 15.7x | 13.1x | 5.2x |
| Thu, 23 Oct 2025 | €442.2m | €89.2m | €35.2m | 15.5x | 12.6x | 5x |
| Sat, 20 Sep 2025 | €457.8m | €89.3m | €35.8m | 13.6x | 12.8x | 5.1x |
| Mon, 18 Aug 2025 | €470.1m | €89.7m | €28.8m | 13.1x | 16.3x | 5.2x |
| Wed, 16 Jul 2025 | €485.3m | €89.9m | €28.7m | 15.4x | 16.9x | 5.4x |
| Fri, 13 Jun 2025 | €493.7m | €89.5m | €28.5m | 14x | 17.3x | 5.5x |
| Sun, 11 May 2025 | €504.4m | €89.0m | €29.0m | 15.2x | 17.4x | 5.7x |
| Tue, 08 Apr 2025 | €495.5m | €88.1m | €29.2m | 14.7x | 17x | 5.6x |
| Thu, 06 Mar 2025 | €505.9m | €87.9m | €29.2m | 15.4x | 17.3x | 5.8x |
| Sat, 01 Feb 2025 | €496.4m | €83.2m | €23.3m | 16.8x | 21.3x | 6x |
| Mon, 30 Dec 2024 | €515.1m | €83.2m | €23.3m | 17.4x | 22.1x | 6.2x |
| Wed, 27 Nov 2024 | €506.4m | €83.2m | €23.3m | 17.3x | 21.7x | 6.1x |
| Fri, 25 Oct 2024 | €532.6m | €83.2m | €23.3m | 18.5x | 22.8x | 6.4x |
| Sun, 22 Sep 2024 | €580.1m | €91.7m | €27.2m | 16.3x | 21.4x | 6.3x |
| Tue, 20 Aug 2024 | €545.1m | €86.0m | €41.1m | 14.7x | 13.3x | 6.3x |
| Thu, 18 Jul 2024 | €530.7m | €85.5m | €40.7m | 18.2x | 13x | 6.2x |
| Sat, 15 Jun 2024 | €545.9m | €82.6m | €39.4m | 16.7x | 13.9x | 6.6x |
| Mon, 13 May 2024 | €556.9m | €80.7m | €46.1m | 14.5x | 12.1x | 6.9x |
| Wed, 10 Apr 2024 | €539.4m | €85.9m | €74.3m | 11.4x | 7.3x | 6.3x |
| Fri, 08 Mar 2024 | €541.3m | €85.5m | €72.2m | 11.3x | 7.5x | 6.3x |
| Sun, 04 Feb 2024 | €583.0m | €85.5m | €72.2m | 11.9x | 8.1x | 6.8x |
| Tue, 02 Jan 2024 | €606.5m | €85.5m | €72.2m | 12.4x | 8.4x | 7.1x |
| Thu, 30 Nov 2023 | €580.2m | €85.5m | €72.2m | 12.4x | 8x | 6.8x |
| Sat, 28 Oct 2023 | €542.2m | €85.5m | €72.2m | 10.7x | 7.5x | 6.3x |
| Mon, 25 Sep 2023 | €577.4m | €85.5m | €72.2m | 12.4x | 8x | 6.8x |
| Wed, 23 Aug 2023 | €582.5m | €77.7m | €33.4m | 18.1x | 17.4x | 7.5x |
| Fri, 21 Jul 2023 | €577.6m | €77.3m | €32.9m | 18.1x | 17.5x | 7.5x |
| Sun, 18 Jun 2023 | €579.9m | €77.9m | €33.3m | 17.2x | 17.4x | 7.4x |
| Tue, 16 May 2023 | €596.2m | €77.0m | €27.0m | 24.4x | 22.1x | 7.7x |
| Thu, 13 Apr 2023 | €591.0m | €59.8m | -€15,348,380.00 | 27x | -38.5x | 9.9x |
Price to Earnings Ratio
-38.5x
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 30.1x which is higher than its 3-year average PE of 15.3x.
- The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Maltese Real Estate sector?
| MT Market | 0.37% | |
| Real Estate | -2.39% | |
| Real Estate | -2.39% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 15.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.3x.
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 | |
|---|---|---|---|---|---|
| MPC Malta Properties | €0.42 | 16.7% +€6.1m | 16.0% | PE28.7x | |
| HLI Hili Properties | €0.27 | 0.7% +€801.8k | n/a | PE24.4x | |
| PZC Plaza Centres | €0.88 | 1.1% +€254.9k | n/a | PE18.1x |
