Analysis Article • Aug 27
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Maltese (MSE) Real Estate Sector Analysis
UpdatedSep 19, 2026
DataAggregated Company Financials
Companies8
- 7D-0.3%
- 3M-3.0%
- 1Y20.9%
- YTD18.5%
Last week, the Real Estate industry hasn't moved much but Trident Estates is up 5.9% in that time. As for the the longer term, the industry is up 21% 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 |
|---|---|---|---|---|---|---|
| Sat, 19 Sep 2026 | €435.5m | €73.7m | €570.6k | 14.8x | 763.1x | 5.9x |
| Mon, 17 Aug 2026 | €432.6m | €73.4m | €410.4k | 14.7x | 1054x | 5.9x |
| Wed, 15 Jul 2026 | €550.8m | €89.2m | €4.7m | 22x | 118.4x | 6.2x |
| Fri, 12 Jun 2026 | €524.4m | €89.2m | €4.7m | 21.8x | 112.7x | 5.9x |
| Sun, 10 May 2026 | €512.7m | €88.9m | €38.7m | 21.8x | 13.3x | 5.8x |
| Tue, 07 Apr 2026 | €525.0m | €61.3m | €17.4m | 18.6x | 30.1x | 8.6x |
| Thu, 05 Mar 2026 | €521.5m | €61.4m | €17.8m | 18.5x | 29.2x | 8.5x |
| Sat, 31 Jan 2026 | €463.7m | €61.4m | €17.8m | 18.3x | 26x | 7.6x |
| Mon, 29 Dec 2025 | €445.4m | €89.2m | €35.2m | 16.8x | 12.7x | 5x |
| Wed, 26 Nov 2025 | €460.4m | €89.2m | €35.2m | 15.7x | 13.1x | 5.2x |
| Fri, 24 Oct 2025 | €447.5m | €89.2m | €35.2m | 15.5x | 12.7x | 5x |
| Sun, 21 Sep 2025 | €457.8m | €89.3m | €35.8m | 13.6x | 12.8x | 5.1x |
| Tue, 19 Aug 2025 | €473.4m | €89.7m | €28.8m | 13.4x | 16.4x | 5.3x |
| Thu, 17 Jul 2025 | €479.3m | €89.9m | €28.7m | 14x | 16.7x | 5.3x |
| Sat, 14 Jun 2025 | €497.9m | €89.5m | €28.5m | 14.1x | 17.5x | 5.6x |
| Mon, 12 May 2025 | €504.4m | €89.0m | €29.0m | 15.2x | 17.4x | 5.7x |
| Wed, 09 Apr 2025 | €495.7m | €88.1m | €29.2m | 14.6x | 17x | 5.6x |
| Fri, 07 Mar 2025 | €507.3m | €87.9m | €29.2m | 15.4x | 17.4x | 5.8x |
| Sun, 02 Feb 2025 | €496.4m | €83.2m | €23.3m | 16.8x | 21.3x | 6x |
| Tue, 31 Dec 2024 | €518.8m | €83.2m | €23.3m | 17.4x | 22.2x | 6.2x |
| Thu, 28 Nov 2024 | €506.0m | €83.2m | €23.3m | 17.3x | 21.7x | 6.1x |
| Sat, 26 Oct 2024 | €526.0m | €83.2m | €23.3m | 18.6x | 22.5x | 6.3x |
| Mon, 23 Sep 2024 | €580.1m | €91.7m | €27.2m | 16.3x | 21.4x | 6.3x |
| Wed, 21 Aug 2024 | €545.1m | €86.0m | €41.1m | 14.7x | 13.3x | 6.3x |
| Fri, 19 Jul 2024 | €514.2m | €85.5m | €40.7m | 18.2x | 12.6x | 6x |
| Sun, 16 Jun 2024 | €545.9m | €82.6m | €39.4m | 16.7x | 13.9x | 6.6x |
| Tue, 14 May 2024 | €556.9m | €80.7m | €46.1m | 14.5x | 12.1x | 6.9x |
| Thu, 11 Apr 2024 | €539.4m | €85.9m | €74.3m | 11.4x | 7.3x | 6.3x |
| Sat, 09 Mar 2024 | €535.8m | €85.5m | €72.2m | 11.3x | 7.4x | 6.3x |
| Mon, 05 Feb 2024 | €583.0m | €85.5m | €72.2m | 11.9x | 8.1x | 6.8x |
| Wed, 03 Jan 2024 | €606.5m | €85.5m | €72.2m | 12.4x | 8.4x | 7.1x |
| Fri, 01 Dec 2023 | €584.4m | €85.5m | €72.2m | 12.4x | 8.1x | 6.8x |
| Sun, 29 Oct 2023 | €542.2m | €85.5m | €72.2m | 10.7x | 7.5x | 6.3x |
| Tue, 26 Sep 2023 | €577.4m | €85.5m | €72.2m | 12.4x | 8x | 6.8x |
Price to Earnings Ratio
8x
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 763x which is higher than its 3-year average PE of 89.3x.
- The industry is trading close to its 3-year average PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 80% per year over the last three years,
- Revenues have also declined 4.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Maltese Real Estate sector?
| MT Market | -0.50% | |
| Real Estate | -0.34% | |
| Real Estate | -0.34% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 89.3x.
- 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 89.3x.
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 | |
|---|---|---|---|---|---|
| TRI Trident Estates | €1.08 | 5.9% +€2.5m | 1.9% | PE6.1x | |
| PZC Plaza Centres | €0.83 | 2.5% +€509.8k | 31.7% | PE22.6x |