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Malawian (MSE) Market Analysis & Valuation

UpdatedDec 01, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.7%
  • 3M25.9%
  • 1Y230.2%
  • YTD210.8%

Over the last 7 days, the market has dropped 2.7%, driven by a loss of 3.3% in the Financials sector. Meanwhile, the Consumer Discretionary sector has outperformed, gaining 9.6% in that time. As for the longer term, the market has actually risen by 230% in the last year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025MK 29.0tMK 3.9tMK 905.6b27.2x32x7.5x
Thu, 30 Oct 2025MK 26.9tMK 3.9tMK 905.6b28.6x29.7x7x
Sat, 27 Sep 2025MK 24.9tMK 3.9tMK 903.1b24.7x27.6x6.5x
Mon, 25 Aug 2025MK 21.0tMK 3.3tMK 741.3b29.7x28.4x6.3x
Wed, 23 Jul 2025MK 19.7tMK 3.3tMK 708.9b27.9x27.8x6x
Fri, 20 Jun 2025MK 16.1tMK 3.1tMK 663.9b21.1x24.3x5.2x
Sun, 18 May 2025MK 15.5tMK 3.0tMK 597.4b21.5x26x5.2x
Tue, 15 Apr 2025MK 15.8tMK 2.8tMK 512.8b23x30.9x5.7x
Thu, 13 Mar 2025MK 15.8tMK 2.7tMK 472.0b23.9x33.5x5.9x
Sat, 08 Feb 2025MK 12.5tMK 2.7tMK 472.0b20.3x26.5x4.6x
Mon, 06 Jan 2025MK 9.3tMK 2.7tMK 472.0b13.3x19.6x3.4x
Wed, 04 Dec 2024MK 8.8tMK 2.7tMK 494.8b10.6x17.7x3.3x
Fri, 01 Nov 2024MK 7.8tMK 2.7tMK 494.8b9.8x15.8x2.9x
Sun, 29 Sep 2024MK 7.6tMK 2.6tMK 474.9b12.8x16.1x2.9x
Tue, 27 Aug 2024MK 7.5tMK 2.4tMK 446.6b13x16.9x3.1x
Thu, 25 Jul 2024MK 6.9tMK 2.3tMK 423.5b13.1x16.3x2.9x
Sat, 22 Jun 2024MK 6.4tMK 2.5tMK 419.5b12x15.2x2.6x
Mon, 20 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.8x2.6x
Wed, 17 Apr 2024MK 6.2tMK 2.2tMK 451.6b12.3x13.7x2.8x
Fri, 15 Mar 2024MK 6.0tMK 2.1tMK 428.7b12.3x14.1x2.8x
Sun, 11 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.7x3.1x
Tue, 09 Jan 2024MK 5.8tMK 2.0tMK 418.8b12.9x14x2.9x
Thu, 07 Dec 2023MK 6.0tMK 1.9tMK 381.2b16.3x15.8x3.2x
Sat, 04 Nov 2023MK 6.1tMK 1.8tMK 351.6b16.2x17.3x3.4x
Mon, 02 Oct 2023MK 6.3tMK 1.7tMK 338.1b16.4x18.7x3.7x
Wed, 30 Aug 2023MK 6.2tMK 1.6tMK 291.7b20.1x21.4x3.8x
Fri, 28 Jul 2023MK 6.0tMK 1.6tMK 265.6b19.9x22.5x3.7x
Sun, 25 Jun 2023MK 5.7tMK 1.6tMK 287.1b15.1x20x3.7x
Tue, 23 May 2023MK 5.4tMK 1.5tMK 284.7b14.5x18.8x3.5x
Thu, 20 Apr 2023MK 4.5tMK 1.4tMK 266.3b12.8x16.9x3.3x
Sat, 18 Mar 2023MK 4.0tMK 1.3tMK 234.8b15.2x17x3x
Mon, 13 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.6x2.8x
Wed, 11 Jan 2023MK 3.3tMK 1.3tMK 223.9b14.5x15x2.6x
Fri, 09 Dec 2022MK 3.2tMK 1.2tMK 193.6b10.1x16.5x2.7x
Price to Earnings Ratio

16.5x


Total Market Cap: MK 3.2tTotal Earnings: MK 193.6bTotal Revenue: MK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.2x202320242025
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 32.9x which is higher than its 3-year average PE of 20.2x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 67% per year over the last three years.
  • Revenues for these companies have grown 48% 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-0.74%
Consumer Discretionary2.34%
Consumer Staples0.00086%
Real Estate0%0
Industrials-0.00092%
Telecom-0.092%
Financials-0.91%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 32.6x.
    • 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 9.1x.
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 750.013.4%
+MK 6.5b		n/aPE17.4xConsumer Discretionary
NICO NICO HoldingsMK 1.74k0.06%
+MK 1.2b		506.2%PE16.4xFinancials
ILLOVO Illovo Sugar (Malawi)MK 2.33k0.0009%
+MK 14.3m		71.9%PE73.5xConsumer Staples
See more

Market Insights

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NBM
MK 12,398.99
National Bank of Malawi
7D
-0.004%
1Y
259.4%
ILLOVO
MK 2,330.02
Illovo Sugar (Malawi)
7D
0.0009%
1Y
71.9%
PCL
MK 8,728.49
Press
7D
-0.0009%
1Y
249.2%
NICO
MK 1,740.00
NICO Holdings
7D
0.06%
1Y
506.2%
NBS
MK 943.88
NBS Bank
7D
-5.4%
1Y
521.1%
FDHB
MK 636.72
FDH Bank
7D
-0.06%
1Y
328.5%
TNM
MK 31.49
Telekom Networks Malawi
7D
-0.3%
1Y
21.3%
FMBCH
MK 3,382.99
FMBcapital Holdings
7D
-0.5%
1Y
651.8%
AIRTEL
MK 124.44
Airtel Malawi
7D
-0.02%
1Y
24.4%
STANDARD
MK 4,399.99
Standard Bank
7D
-2.0%
1Y
-26.7%
SUNBIRD
MK 750.01
Sunbird Tourism
7D
3.4%
1Y
n/a