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Malawian (MSE) Market Analysis & Valuation

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies14
  • 7D-3.0%
  • 3M-13.7%
  • 1Y72.6%
  • YTD-16.5%

Over the last 7 days, the market has dropped 3.0%, driven by a decline of 4.1% in the Financials sector. On the other hand, the Consumer Discretionary has risen by 13%. As for the longer term, the market has actually risen by 73% in the last year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026MK 27.7tMK 5.0tMK 1.3t21.6x20.8x5.5x
Fri, 10 Apr 2026MK 30.6tMK 4.6tMK 1.2t25.7x25.4x6.6x
Sun, 08 Mar 2026MK 26.9tMK 4.1tMK 1.0t25x26.8x6.5x
Tue, 03 Feb 2026MK 27.5tMK 4.1tMK 1.0t23.8x27.4x6.7x
Thu, 01 Jan 2026MK 27.9tMK 4.0tMK 960.2b22.9x29.1x7x
Sat, 29 Nov 2025MK 29.0tMK 3.9tMK 905.6b27.2x32x7.5x
Mon, 27 Oct 2025MK 26.6tMK 3.9tMK 905.6b28.6x29.4x6.9x
Wed, 24 Sep 2025MK 24.9tMK 3.8tMK 902.0b24.9x27.6x6.5x
Fri, 22 Aug 2025MK 20.8tMK 3.3tMK 741.3b29.7x28x6.2x
Sun, 20 Jul 2025MK 19.7tMK 3.3tMK 708.9b27.9x27.8x6x
Tue, 17 Jun 2025MK 15.6tMK 3.1tMK 660.9b19.9x23.6x5x
Thu, 15 May 2025MK 15.5tMK 3.0tMK 597.4b21.6x26x5.2x
Sat, 12 Apr 2025MK 15.9tMK 2.8tMK 512.8b23x31.1x5.8x
Mon, 10 Mar 2025MK 15.6tMK 2.7tMK 472.0b23.9x33x5.8x
Wed, 05 Feb 2025MK 12.2tMK 2.7tMK 472.0b18.9x25.9x4.5x
Fri, 03 Jan 2025MK 9.2tMK 2.7tMK 472.0b12.7x19.5x3.4x
Sun, 01 Dec 2024MK 8.7tMK 2.7tMK 494.8b10.6x17.6x3.3x
Tue, 29 Oct 2024MK 7.8tMK 2.7tMK 494.8b9.8x15.7x2.9x
Thu, 26 Sep 2024MK 7.7tMK 2.6tMK 474.9b12.8x16.1x2.9x
Sat, 24 Aug 2024MK 7.5tMK 2.4tMK 446.6b13x16.9x3.1x
Mon, 22 Jul 2024MK 6.8tMK 2.3tMK 423.5b13.1x16.1x2.9x
Wed, 19 Jun 2024MK 6.3tMK 2.5tMK 419.5b12x15x2.6x
Fri, 17 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.8x2.6x
Sun, 14 Apr 2024MK 6.2tMK 2.2tMK 451.6b12.3x13.7x2.8x
Tue, 12 Mar 2024MK 6.0tMK 2.0tMK 412.3b12.3x14.6x3.1x
Thu, 08 Feb 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.7x3.1x
Sat, 06 Jan 2024MK 5.9tMK 2.0tMK 418.8b12.9x14.1x3x
Mon, 04 Dec 2023MK 6.0tMK 1.9tMK 381.2b16.3x15.8x3.2x
Wed, 01 Nov 2023MK 6.1tMK 1.8tMK 352.3b16.2x17.3x3.4x
Fri, 29 Sep 2023MK 6.3tMK 1.7tMK 338.1b16.4x18.8x3.7x
Sun, 27 Aug 2023MK 6.2tMK 1.6tMK 290.4b20.1x21.5x3.8x
Tue, 25 Jul 2023MK 6.0tMK 1.6tMK 265.6b19.9x22.5x3.7x
Thu, 22 Jun 2023MK 5.6tMK 1.6tMK 287.1b14.6x19.5x3.6x
Sat, 20 May 2023MK 5.4tMK 1.5tMK 276.8b14.5x19.4x3.6x
Price to Earnings Ratio

19.4x


Total Market Cap: MK 5.4tTotal Earnings: MK 276.8bTotal Revenue: MK 1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 21.7x202420252026
Current Market PE
  • Investors are relatively neutral on the Malawian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 21.7x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 69% per year over the last three years.
  • Revenues for these companies have grown 50% 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-3.00%
Consumer Discretionary13.08%
Real Estate0.03%
Industrials0.0029%
Consumer Staples0%0
Telecom-0.01%
Financials-4.09%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.8x.
    • 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 6.5x.
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 2.59k15.0%
+MK 88.2b		761.3%PE54.2xConsumer Discretionary
PCL PressMK 8.50k8.7%
+MK 81.7b		112.5%PE7xIndustrials
AIRTEL Airtel MalawiMK 112.490.1%
+MK 1.5b		-12.7%PE24.1xTelecom
BHL Blantyre HotelsMK 15.100.07%
+MK 57.6m		3.8%PE73.5xConsumer Discretionary
MPICO MPICOMK 19.520.1%
+MK 46.0m		2.7%PE3.3xReal Estate
See more

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Latest News

FMBCH
MK 1,621.97
FMBcapital Holdings
7D
-10.5%
1Y
44.5%
NBM
MK 10,999.35
National Bank of Malawi
7D
-0.002%
1Y
77.4%
PCL
MK 8,500.00
Press
7D
8.7%
1Y
112.5%
NICO
MK 1,643.70
NICO Holdings
7D
-0.1%
1Y
111.7%
BHL
MK 15.10
Blantyre Hotels
7D
0.07%
1Y
3.8%
NBS
MK 762.74
NBS Bank
7D
-0.2%
1Y
122.1%
FDHB
MK 568.82
FDH Bank
7D
-2.6%
1Y
81.1%
TNM
MK 29.93
Telekom Networks Malawi
7D
-0.2%
1Y
30.1%
AIRTEL
MK 112.49
Airtel Malawi
7D
0.1%
1Y
-12.7%
STANDARD
MK 4,143.34
Standard Bank
7D
-0.002%
1Y
118.0%
SUNBIRD
MK 2,585.26
Sunbird Tourism
7D
15.0%
1Y
761.3%
MPICO
MK 19.52
MPICO
7D
0.1%
1Y
2.7%