Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malawian (MSE) Market Analysis & Valuation

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.2%
  • 3M5.3%
  • 1Y195.5%
  • YTD-0.3%

The Consumer Discretionary sector gained 24% while the market remained flat over the last week. More promisingly, the market is up 195% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026MK 27.9tMK 4.0tMK 960.2b26.5x29.1x7x
Sat, 06 Dec 2025MK 28.9tMK 3.9tMK 905.6b27.1x31.9x7.5x
Mon, 03 Nov 2025MK 27.3tMK 3.9tMK 905.6b28.6x30.2x7.1x
Wed, 01 Oct 2025MK 25.0tMK 3.9tMK 903.1b23.4x27.6x6.5x
Fri, 29 Aug 2025MK 22.6tMK 3.4tMK 784.6b25x28.8x6.7x
Sun, 27 Jul 2025MK 17.8tMK 3.3tMK 708.9b27.9x25.1x5.5x
Tue, 24 Jun 2025MK 16.6tMK 3.1tMK 663.9b24.1x25.1x5.4x
Thu, 22 May 2025MK 15.5tMK 3.0tMK 597.4b21.3x25.9x5.2x
Sat, 19 Apr 2025MK 15.8tMK 2.8tMK 512.8b23x30.7x5.7x
Mon, 17 Mar 2025MK 15.8tMK 2.7tMK 472.0b23.9x33.4x5.8x
Wed, 12 Feb 2025MK 12.5tMK 2.7tMK 472.0b21.8x26.5x4.6x
Fri, 10 Jan 2025MK 9.4tMK 2.7tMK 472.0b15.1x19.9x3.5x
Sun, 08 Dec 2024MK 8.8tMK 2.7tMK 494.8b11x17.9x3.3x
Tue, 05 Nov 2024MK 7.9tMK 2.7tMK 494.8b9.8x15.9x2.9x
Thu, 03 Oct 2024MK 7.7tMK 2.6tMK 474.9b12.8x16.2x2.9x
Sat, 31 Aug 2024MK 7.5tMK 2.4tMK 446.6b13x16.9x3.1x
Mon, 29 Jul 2024MK 6.9tMK 2.3tMK 423.5b13.1x16.3x2.9x
Wed, 26 Jun 2024MK 6.5tMK 2.5tMK 420.5b10.7x15.4x2.6x
Fri, 24 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Sun, 21 Apr 2024MK 6.2tMK 2.2tMK 455.1b12x13.6x2.8x
Tue, 19 Mar 2024MK 6.0tMK 2.2tMK 431.0b12.3x14x2.8x
Thu, 15 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.6x3.1x
Sat, 13 Jan 2024MK 6.0tMK 2.0tMK 418.8b12.9x14.2x3x
Mon, 11 Dec 2023MK 5.9tMK 1.9tMK 381.2b16.3x15.5x3.1x
Wed, 08 Nov 2023MK 6.1tMK 1.8tMK 351.3b16.2x17.3x3.4x
Fri, 06 Oct 2023MK 6.3tMK 1.7tMK 341.9b16.7x18.5x3.6x
Sun, 03 Sep 2023MK 6.4tMK 1.7tMK 328.3b16.9x19.4x3.7x
Tue, 01 Aug 2023MK 6.0tMK 1.6tMK 288.9b18.8x20.8x3.7x
Thu, 29 Jun 2023MK 5.7tMK 1.6tMK 288.3b15x19.9x3.7x
Sat, 27 May 2023MK 5.4tMK 1.5tMK 289.6b14.4x18.8x3.5x
Mon, 24 Apr 2023MK 4.5tMK 1.4tMK 273.5b12.3x16.6x3.3x
Wed, 22 Mar 2023MK 4.0tMK 1.3tMK 234.0b16.8x17.1x3x
Fri, 17 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.7x2.9x
Sun, 15 Jan 2023MK 3.4tMK 1.3tMK 223.7b14.5x15.3x2.6x
Price to Earnings Ratio

15.3x


Total Market Cap: MK 3.4tTotal Earnings: MK 223.7bTotal Revenue: MK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.7x202420252026
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 29.1x which is higher than its 3-year average PE of 20.7x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 63% per year over the last three years.
  • Revenues for these companies have grown 45% 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-0.16%
Consumer Discretionary24.12%
Consumer Staples0.00086%
Real Estate-0.044%
Telecom-0.066%
Financials-0.083%
Industrials-10.31%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.5x.
    • 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 8.4x.
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
SUNBIRD Sunbird TourismMK 1.29k32.3%
+MK 82.5b		438.4%PE30xConsumer Discretionary
NICO NICO HoldingsMK 1.74k0.03%
+MK 500.7m		314.6%PE16.4xFinancials
BHL Blantyre HotelsMK 15.070.1%
+MK 115.2m		n/aPE73.3xConsumer Discretionary
ILLOVO Illovo Sugar (Malawi)MK 2.33k0.0009%
+MK 14.3m		72.0%PE21.5xConsumer Staples
STANDARD Standard BankMK 4.25k0.001%
+MK 14.1m		-34.5%PB3.7xFinancials
See more

Market Insights

Header cover image
Which Markets Will Sink or Swim in 2026? 🌍
Richard Bowman avatar
Richard Bowman
|
|
What research teams agree on – and where they don’t – heading into 2026.
Continue reading
Three Sectors Expected to Rally in 2026 📈
Last Week

Three Sectors Expected to Rally in 2026 📈

Latest News

NBM
MK 11,991.51
National Bank of Malawi
7D
-0.03%
1Y
246.4%
ILLOVO
MK 2,330.14
Illovo Sugar (Malawi)
7D
0.0009%
1Y
72.0%
PCL
MK 7,828.64
Press
7D
-10.3%
1Y
213.2%
NICO
MK 1,736.99
NICO Holdings
7D
0.03%
1Y
314.6%
ICON
MK 15.99
ICON Properties
7D
-0.06%
1Y
-11.4%
BHL
MK 15.07
Blantyre Hotels
7D
0.1%
1Y
n/a
NBS
MK 912.66
NBS Bank
7D
-0.1%
1Y
281.1%
TNM
MK 31.42
Telekom Networks Malawi
7D
-0.1%
1Y
30.9%
FMBCH
MK 3,191.92
FMBcapital Holdings
7D
-0.2%
1Y
475.1%
AIRTEL
MK 120.71
Airtel Malawi
7D
-0.05%
1Y
34.1%
STANDARD
MK 4,248.47
Standard Bank
7D
0.001%
1Y
-34.5%
SUNBIRD
MK 1,292.75
Sunbird Tourism
7D
32.3%
1Y
438.4%