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Malawian (MSE) Market Analysis & Valuation

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies14
  • 7D0.2%
  • 3M8.7%
  • 1Y201.6%
  • YTD203.5%

The Consumer Discretionary sector gained 10% while the market remained flat over the last week. As for the longer term, the market has risen 202% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 17 Apr 2023MK 4.4tMK 1.4tMK 253.9b12.8x17.4x3.3x
Wed, 15 Mar 2023MK 4.0tMK 1.3tMK 234.9b15.2x16.9x3x
Fri, 10 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.6x2.8x
Sun, 08 Jan 2023MK 3.3tMK 1.3tMK 223.9b14.5x14.9x2.5x
Price to Earnings Ratio

14.9x


Total Market Cap: MK 3.3tTotal Earnings: MK 223.9bTotal Revenue: MK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.6x202420252026
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 20.6x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 62% 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 Market0.19%
Consumer Discretionary10.38%
Financials0.11%
Industrials0.011%
Consumer Staples0.00043%
Real Estate0%0
Telecom-0.026%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.6x.
    • 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 8.5x.
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 977.5015.0%
+MK 33.4b		307.2%PE22.7xConsumer Discretionary
FDHB FDH BankMK 599.890.7%
+MK 29.5b		304.7%PB27xFinancials
NBS NBS BankMK 913.760.2%
+MK 4.0b		424.9%PB23.7xFinancials
PCL PressMK 8.73k0.01%
+MK 117.9m		249.2%PE11.8xIndustrials
BHL Blantyre HotelsMK 15.050.07%
+MK 57.6m		n/aPE73.2xConsumer Discretionary
See more

Market Insights

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Three Sectors Expected to Rally in 2026 📈
With the backdrop of consistently strong broad market returns over the last few years, analysts are now looking at sector-specific plays that could outperform in 2026.
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Latest News

NBM
MK 11,995.63
National Bank of Malawi
7D
-0.04%
1Y
246.5%
ILLOVO
MK 2,330.12
Illovo Sugar (Malawi)
7D
0.0004%
1Y
72.0%
PCL
MK 8,728.43
Press
7D
0.01%
1Y
249.2%
NICO
MK 1,736.51
NICO Holdings
7D
-0.09%
1Y
314.4%
BHL
MK 15.05
Blantyre Hotels
7D
0.07%
1Y
n/a
NBS
MK 913.76
NBS Bank
7D
0.2%
1Y
424.9%
FDHB
MK 599.89
FDH Bank
7D
0.7%
1Y
304.7%
TNM
MK 31.46
Telekom Networks Malawi
7D
-0.03%
1Y
25.9%
FMBCH
MK 3,197.86
FMBcapital Holdings
7D
-0.07%
1Y
476.2%
AIRTEL
MK 120.77
Airtel Malawi
7D
-0.02%
1Y
34.2%
SUNBIRD
MK 977.50
Sunbird Tourism
7D
15.0%
1Y
307.2%