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

Malawian (MSE) Market Analysis & Valuation

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies14
  • 7D1.5%
  • 3M-9.0%
  • 1Y78.8%
  • YTD-12.9%

The market is up 1.5% over the last week, with the Consumer Staples sector leading the way, up 12%. As for the past 12 months, the market is up 79%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026MK 27.8tMK 5.0tMK 1.3t22.4x20.9x5.5x
Sat, 18 Apr 2026MK 28.2tMK 4.8tMK 1.3t23.9x22.4x5.9x
Mon, 16 Mar 2026MK 26.8tMK 4.2tMK 1.0t24.9x26x6.4x
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
Price to Earnings Ratio

18.7x


Total Market Cap: MK 5.4tTotal Earnings: MK 289.6bTotal Revenue: MK 1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 21.8x202420252026
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 21.8x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 66% 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 Market1.50%
Consumer Discretionary13.81%
Consumer Staples11.92%
Financials0.29%
Real Estate0.089%
Industrials0%0
Telecom-0.11%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 22.9x.
    • 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
ILLOVO Illovo Sugar (Malawi)MK 3.30k11.9%
+MK 250.7b		84.2%PE30.5xConsumer Staples
SUNBIRD Sunbird TourismMK 2.97k14.9%
+MK 100.6b		760.8%PE62.3xConsumer Discretionary
BHL Blantyre HotelsMK 17.506.7%
+MK 6.3b		20.3%PE85.2xConsumer Discretionary
ICON ICON PropertiesMK 16.010.1%
+MK 133.6m		-10.8%PE3.3xReal Estate
MPICO MPICOMK 19.540.05%
+MK 23.0m		2.8%PE3.3xReal Estate
See more

Market Insights

Header cover image
Many analysts thought gold's rally could see it hit $6,000/oz soon, but gold had other plans. But could the pullback be opportunity? We examine today's economy backdrop to see if gold still has what it takes to hit a new record this year.
Continue reading
Robot + AI: is it happening sooner than we thought?

Latest News

SUNBIRD
MK 2,970.00
Sunbird Tourism
7D
14.9%
1Y
760.8%
ILLOVO
MK 3,300.00
Illovo Sugar (Malawi)
7D
11.9%
1Y
84.2%
AIRTEL
MK 112.41
Airtel Malawi
7D
-0.04%
1Y
-12.2%
FMBCH
MK 1,649.95
FMBcapital Holdings
7D
-0.002%
1Y
50.7%
TNM
MK 29.84
Telekom Networks Malawi
7D
-0.2%
1Y
29.8%
NBS
MK 759.40
NBS Bank
7D
-0.4%
1Y
122.1%
ICON
MK 16.01
ICON Properties
7D
0.1%
1Y
-10.8%
BHL
MK 17.50
Blantyre Hotels
7D
6.7%
1Y
20.3%
FDHB
MK 568.27
FDH Bank
7D
-0.08%
1Y
81.0%
NBM
MK 10,864.62
National Bank of Malawi
7D
-1.2%
1Y
75.2%
NICO
MK 1,643.08
NICO Holdings
7D
-0.03%
1Y
111.6%
STANDARD
MK 4,049.73
Standard Bank
7D
-2.3%
1Y
113.1%
MPICO
MK 19.54
MPICO
7D
0.05%
1Y
2.8%