Analysis Article • Jun 04
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Maltese (MSE) Real Estate Sector Analysis
UpdatedJun 08, 2026
DataAggregated Company Financials
Companies9
- 7D1.1%
- 3M2.8%
- 1Y5.5%
- YTD14.7%
Over the last 7 days, the Real Estate industry has risen 1.1%, driven by gains from VBL of 17%. In the same time, MIDI was down 12%. This means that the industry has gained 5.5% over the past year.
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, 08 Jun 2026 | €529.0m | €89.2m | €4.7m | 21.9x | 113.7x | 5.9x |
| Wed, 06 May 2026 | €513.2m | €89.0m | €38.8m | 20.7x | 13.2x | 5.8x |
| Fri, 03 Apr 2026 | €524.2m | €61.3m | €17.4m | 18.6x | 30.1x | 8.6x |
| Sun, 01 Mar 2026 | €521.5m | €61.4m | €17.8m | 18.5x | 29.2x | 8.5x |
| Tue, 27 Jan 2026 | €470.2m | €61.4m | €17.8m | 18.3x | 26.4x | 7.7x |
| Thu, 25 Dec 2025 | €445.4m | €89.2m | €35.2m | 16.8x | 12.7x | 5x |
| Sat, 22 Nov 2025 | €451.6m | €89.2m | €35.2m | 15.8x | 12.8x | 5.1x |
| Mon, 20 Oct 2025 | €403.7m | €85.8m | €38.9m | 15.5x | 10.4x | 4.7x |
| Wed, 17 Sep 2025 | €458.3m | €89.3m | €35.8m | 13.6x | 12.8x | 5.1x |
| Fri, 15 Aug 2025 | €470.1m | €89.7m | €28.8m | 13.1x | 16.3x | 5.2x |
| Sun, 13 Jul 2025 | €481.1m | €89.9m | €28.7m | 15.4x | 16.8x | 5.4x |
| Tue, 10 Jun 2025 | €494.3m | €89.5m | €28.5m | 14.2x | 17.4x | 5.5x |
| Thu, 08 May 2025 | €511.3m | €88.8m | €29.9m | 15.2x | 17.1x | 5.8x |
| Sat, 05 Apr 2025 | €496.4m | €88.1m | €29.2m | 14.7x | 17x | 5.6x |
| Mon, 03 Mar 2025 | €505.7m | €83.2m | €23.3m | 16.4x | 21.7x | 6.1x |
| Wed, 29 Jan 2025 | €503.7m | €83.2m | €23.3m | 16.4x | 21.6x | 6.1x |
| Fri, 27 Dec 2024 | €517.1m | €83.2m | €23.3m | 17.4x | 22.1x | 6.2x |
| Sun, 24 Nov 2024 | €507.2m | €83.2m | €23.3m | 17.3x | 21.7x | 6.1x |
| Tue, 22 Oct 2024 | €523.3m | €83.2m | €23.3m | 18.5x | 22.4x | 6.3x |
| Thu, 19 Sep 2024 | €580.2m | €91.7m | €27.2m | 16.3x | 21.4x | 6.3x |
| Sat, 17 Aug 2024 | €545.7m | €86.0m | €41.1m | 14.7x | 13.3x | 6.3x |
| Mon, 15 Jul 2024 | €531.2m | €85.5m | €40.7m | 18.2x | 13.1x | 6.2x |
| Wed, 12 Jun 2024 | €546.0m | €82.6m | €39.4m | 15x | 13.9x | 6.6x |
| Fri, 10 May 2024 | €556.9m | €80.7m | €46.1m | 14.5x | 12.1x | 6.9x |
| Sun, 07 Apr 2024 | €531.0m | €85.9m | €74.3m | 11.3x | 7.2x | 6.2x |
| Tue, 05 Mar 2024 | €551.8m | €85.5m | €72.2m | 11.5x | 7.6x | 6.5x |
| Thu, 01 Feb 2024 | €582.5m | €85.5m | €72.2m | 11.9x | 8.1x | 6.8x |
| Sat, 30 Dec 2023 | €606.5m | €85.5m | €72.2m | 12.4x | 8.4x | 7.1x |
| Mon, 27 Nov 2023 | €580.2m | €85.5m | €72.2m | 12.4x | 8x | 6.8x |
| Wed, 25 Oct 2023 | €539.4m | €85.5m | €72.2m | 10.7x | 7.5x | 6.3x |
| Fri, 22 Sep 2023 | €577.4m | €85.5m | €72.2m | 12.4x | 8x | 6.8x |
| Sun, 20 Aug 2023 | €585.3m | €77.7m | €33.4m | 18.1x | 17.5x | 7.5x |
| Tue, 18 Jul 2023 | €597.6m | €77.3m | €32.9m | 18.7x | 18.1x | 7.7x |
| Thu, 15 Jun 2023 | €575.5m | €77.9m | €33.3m | 17.2x | 17.3x | 7.4x |
Price to Earnings Ratio
17.3x
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 114x which is higher than its 3-year average PE of 16.2x.
- The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 48% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.6% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Maltese Real Estate sector?
| MT Market | 1.11% | |
| Real Estate | 1.10% | |
| Real Estate | 1.10% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 16.2x.
- 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 16.2x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VBL VBL | €0.23 | 20.0% +€9.5m | n/a | PE36.1x | |
| AXR AX Real Estate | €0.49 | 2.1% +€2.7m | 29.6% | PE6.2x | |
| HLI Hili Properties | €0.27 | 0.7% +€801.8k | 13.3% | PE24.4x | |
| MLT Malita Investments | €0.37 | 0.5% +€416.4k | -20.4% | PE9x | |
| MSC Main Street Complex | €0.19 | 11.8% +€387.7k | -36.7% | PE33.9x |