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Malawian (MSE) Market Analysis & Valuation

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.3%
  • 3M-8.1%
  • 1Y108.3%
  • YTD-3.3%

Over the last 7 days, the market has dropped 1.2%, driven by a pullback of 1.4% in the Financials sector. As for the longer term, the market has actually risen by 114% in the last year.

Market Valuation and Performance

Has the Malawian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026MK 27.1tMK 4.1tMK 1.0t23.8x27.1x6.6x
Fri, 09 Jan 2026MK 27.9tMK 4.0tMK 960.2b26.5x29.1x7x
Sun, 07 Dec 2025MK 28.9tMK 3.9tMK 905.6b27.1x31.9x7.5x
Tue, 04 Nov 2025MK 27.3tMK 3.9tMK 905.6b28.6x30.2x7.1x
Thu, 02 Oct 2025MK 25.6tMK 3.9tMK 903.1b23.4x28.4x6.7x
Sat, 30 Aug 2025MK 22.8tMK 3.4tMK 784.6b25.2x29.1x6.7x
Mon, 28 Jul 2025MK 17.8tMK 3.3tMK 708.9b27.9x25.1x5.5x
Wed, 25 Jun 2025MK 16.7tMK 3.1tMK 663.9b24.6x25.2x5.4x
Fri, 23 May 2025MK 15.5tMK 3.0tMK 597.4b20.3x25.9x5.2x
Sun, 20 Apr 2025MK 15.8tMK 2.8tMK 512.8b23x30.7x5.7x
Tue, 18 Mar 2025MK 15.8tMK 2.7tMK 472.0b23.8x33.4x5.8x
Thu, 13 Feb 2025MK 12.8tMK 2.7tMK 472.0b21.8x27x4.7x
Sat, 11 Jan 2025MK 9.6tMK 2.7tMK 472.0b15.1x20.4x3.6x
Mon, 09 Dec 2024MK 8.8tMK 2.7tMK 494.8b11x17.9x3.3x
Wed, 06 Nov 2024MK 7.9tMK 2.7tMK 494.8b9.8x15.9x2.9x
Fri, 04 Oct 2024MK 7.7tMK 2.7tMK 495.4b9.8x15.5x2.9x
Sun, 01 Sep 2024MK 7.5tMK 2.4tMK 445.7b13x16.9x3.1x
Tue, 30 Jul 2024MK 6.9tMK 2.3tMK 423.5b13.1x16.3x2.9x
Thu, 27 Jun 2024MK 6.5tMK 2.5tMK 420.5b10.7x15.4x2.6x
Sat, 25 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Mon, 22 Apr 2024MK 6.2tMK 2.3tMK 409.4b12.6x15.1x2.7x
Wed, 20 Mar 2024MK 6.0tMK 2.2tMK 431.0b12.3x14x2.8x
Fri, 16 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.6x3.1x
Sun, 14 Jan 2024MK 6.0tMK 2.0tMK 418.8b12.9x14.2x3x
Tue, 12 Dec 2023MK 5.9tMK 1.9tMK 381.2b16.3x15.4x3.1x
Thu, 09 Nov 2023MK 6.1tMK 1.8tMK 350.9b16.2x17.3x3.5x
Sat, 07 Oct 2023MK 6.3tMK 1.7tMK 342.2b16.4x18.5x3.6x
Mon, 04 Sep 2023MK 6.4tMK 1.7tMK 328.3b16.9x19.4x3.7x
Wed, 02 Aug 2023MK 6.0tMK 1.6tMK 289.1b18.8x20.8x3.7x
Fri, 30 Jun 2023MK 5.8tMK 1.6tMK 288.2b15.1x20x3.7x
Sun, 28 May 2023MK 5.4tMK 1.5tMK 289.6b14.4x18.7x3.5x
Tue, 25 Apr 2023MK 4.5tMK 1.4tMK 273.5b12.3x16.6x3.3x
Thu, 23 Mar 2023MK 4.0tMK 1.3tMK 234.0b16.8x17.3x3x
Sat, 18 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.7x2.9x
Price to Earnings Ratio

16.7x


Total Market Cap: MK 3.7tTotal Earnings: MK 223.9bTotal Revenue: MK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 21.1x202420252026
Current Market PE
  • Investors are optimistic on the Malawian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 27.3x which is higher than its 3-year average PE of 21.1x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 65% per year over the last three years.
  • Revenues for these companies have grown 47% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Malawian Market?

MW Market-1.28%
Consumer Discretionary0.022%
Consumer Staples0.0041%
Real Estate0%0
Industrials-0.0011%
Telecom-0.18%
Financials-1.57%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.3x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 7.6x.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
BHL Blantyre HotelsMK 15.000.1%
+MK 115.2m		3.1%PE73xConsumer Discretionary
ILLOVO Illovo Sugar (Malawi)MK 2.68k0.004%
+MK 78.5m		97.8%PE24.8xConsumer Staples
See more

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ILLOVO
MK 2,680.12
Illovo Sugar (Malawi)
7D
0.004%
1Y
97.8%
NBM
MK 11,719.65
National Bank of Malawi
7D
-0.002%
1Y
95.3%
PCL
MK 7,827.90
Press
7D
-0.001%
1Y
213.1%
NICO
MK 1,700.43
NICO Holdings
7D
-1.1%
1Y
304.9%
BHL
MK 15.00
Blantyre Hotels
7D
0.1%
1Y
3.1%
NBS
MK 890.95
NBS Bank
7D
-0.1%
1Y
154.6%
FDHB
MK 594.41
FDH Bank
7D
-0.5%
1Y
88.7%
FMBCH
MK 2,840.88
FMBcapital Holdings
7D
-4.2%
1Y
234.3%
AIRTEL
MK 114.73
Airtel Malawi
7D
-0.2%
1Y
34.5%
STANDARD
MK 4,238.89
Standard Bank
7D
-0.2%
1Y
-38.6%