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Malawian (MSE) Market Analysis & Valuation

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.2%
  • 3M3.9%
  • 1Y149.3%
  • YTD-1.3%

Over the last 7 days, the market has dropped 1.2%, driven by a pullback of 1.6% in the Financials sector. In the last year, the market is actually up 149%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026MK 27.8tMK 4.1tMK 1.0t23.8x27.8x6.8x
Mon, 22 Dec 2025MK 28.5tMK 4.0tMK 960.2b22.3x29.7x7.1x
Wed, 19 Nov 2025MK 29.8tMK 3.9tMK 905.6b27.2x33x7.7x
Fri, 17 Oct 2025MK 26.5tMK 3.9tMK 905.6b28.2x29.2x6.9x
Sun, 14 Sep 2025MK 23.6tMK 3.7tMK 874.8b25.5x26.9x6.3x
Tue, 12 Aug 2025MK 19.7tMK 3.3tMK 708.9b28.9x27.8x6x
Thu, 10 Jul 2025MK 18.0tMK 3.3tMK 708.9b27.9x25.5x5.5x
Sat, 07 Jun 2025MK 15.0tMK 3.0tMK 635.6b19.9x23.6x4.9x
Mon, 05 May 2025MK 15.5tMK 2.8tMK 541.5b21.6x28.7x5.5x
Wed, 02 Apr 2025MK 15.7tMK 2.7tMK 490.4b21x32x5.8x
Fri, 28 Feb 2025MK 14.8tMK 2.7tMK 472.0b22.2x31.4x5.5x
Sun, 26 Jan 2025MK 11.0tMK 2.7tMK 472.0b17.8x23.3x4.1x
Tue, 24 Dec 2024MK 9.1tMK 2.7tMK 472.0b12.7x19.3x3.4x
Thu, 21 Nov 2024MK 8.3tMK 2.7tMK 494.8b9.9x16.9x3.1x
Sat, 19 Oct 2024MK 7.7tMK 2.7tMK 494.8b9.8x15.6x2.9x
Mon, 16 Sep 2024MK 7.7tMK 2.4tMK 447.1b13x17.1x3.1x
Wed, 14 Aug 2024MK 7.3tMK 2.3tMK 423.5b12.7x17.3x3.1x
Fri, 12 Jul 2024MK 6.6tMK 2.3tMK 423.5b10.7x15.6x2.8x
Sun, 09 Jun 2024MK 6.3tMK 2.3tMK 397.8b14.4x15.8x2.7x
Tue, 07 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Thu, 04 Apr 2024MK 6.1tMK 2.2tMK 433.6b12.3x14.1x2.8x
Sat, 02 Mar 2024MK 6.0tMK 2.0tMK 418.8b12.3x14.4x3x
Mon, 29 Jan 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.8x3.1x
Wed, 27 Dec 2023MK 5.8tMK 1.9tMK 381.2b16.2x15.1x3.1x
Fri, 24 Nov 2023MK 6.0tMK 1.9tMK 381.2b16.2x15.8x3.2x
Sun, 22 Oct 2023MK 6.1tMK 1.8tMK 352.9b16.2x17.2x3.4x
Tue, 19 Sep 2023MK 6.4tMK 1.7tMK 332.0b17.5x19.4x3.8x
Thu, 17 Aug 2023MK 6.2tMK 1.6tMK 290.6b19.8x21.4x3.8x
Sat, 15 Jul 2023MK 5.9tMK 1.3tMK 253.4b18x23.1x4.5x
Mon, 12 Jun 2023MK 5.5tMK 1.6tMK 287.3b13.7x19.2x3.5x
Wed, 10 May 2023MK 5.0tMK 1.5tMK 276.8b14.5x18x3.3x
Fri, 07 Apr 2023MK 4.3tMK 1.3tMK 242.6b15.1x17.9x3.3x
Sun, 05 Mar 2023MK 3.8tMK 1.3tMK 223.6b15.9x17x2.9x
Tue, 31 Jan 2023MK 3.7tMK 1.3tMK 223.7b14.6x16.4x2.8x
Price to Earnings Ratio

16.4x


Total Market Cap: MK 3.7tTotal Earnings: MK 223.7bTotal Revenue: MK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.9x202420252026
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 27.8x which is higher than its 3-year average PE of 20.9x.
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-1.22%
Consumer Staples2.42%
Real Estate-0.03%
Industrials-0.038%
Consumer Discretionary-0.065%
Telecom-0.89%
Financials-1.62%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.4x.
    • 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 8.0x.
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
ILLOVO Illovo Sugar (Malawi)MK 2.68k2.4%
+MK 45.1b		97.8%PE24.8xConsumer Staples
See more

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NBM
MK 11,840.00
National Bank of Malawi
7D
-1.0%
1Y
115.9%
ILLOVO
MK 2,679.86
Illovo Sugar (Malawi)
7D
2.4%
1Y
97.8%
PCL
MK 7,824.00
Press
7D
-0.04%
1Y
213.0%
NICO
MK 1,724.97
NICO Holdings
7D
-0.2%
1Y
311.7%
BHL
MK 14.98
Blantyre Hotels
7D
-0.4%
1Y
3.0%
NBS
MK 890.55
NBS Bank
7D
-0.3%
1Y
154.5%
FDHB
MK 595.86
FDH Bank
7D
-0.3%
1Y
198.6%
TNM
MK 29.99
Telekom Networks Malawi
7D
-4.1%
1Y
50.0%
FMBCH
MK 3,013.39
FMBcapital Holdings
7D
-3.7%
1Y
442.9%