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Malawian (MSE) Market Analysis & Valuation

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.4%
  • 3M-2.5%
  • 1Y-5.1%
  • YTD-16.6%

In the last week, the market has been flat. The past year hasn't been profitable, with the market dropping 5.1%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026MK 27.2tMK 5.3tMK 1.4t21.9x19.1x5.2x
Sat, 25 Jul 2026MK 27.1tMK 5.1tMK 1.4t22.6x19.9x5.3x
Mon, 22 Jun 2026MK 27.2tMK 5.1tMK 1.4t21.8x20x5.3x
Wed, 20 May 2026MK 27.8tMK 5.0tMK 1.3t22.4x20.9x5.5x
Fri, 17 Apr 2026MK 28.2tMK 4.8tMK 1.3t23.9x22.4x5.9x
Sun, 15 Mar 2026MK 26.8tMK 4.2tMK 1.0t24.9x26x6.4x
Tue, 10 Feb 2026MK 27.3tMK 4.1tMK 1.0t23.8x27.3x6.6x
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
Price to Earnings Ratio

19.4x


Total Market Cap: MK 6.4tTotal Earnings: MK 328.3bTotal Revenue: MK 1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 21.7x202420252026
Current Market PE
  • Investors are pessimistic on the Malawian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 19.1x which is lower than its 3-year average PE of 21.7x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 65% per year over the last three years.
  • Revenues for these companies have grown 46% 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-0.40%
Consumer Discretionary0.0058%
Consumer Staples0.0011%
Real Estate0%0
Industrials-0.00011%
Financials-0.39%
Telecom-1.91%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 24.7x.
    • 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 5.4x.
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
CHL Continental HoldingsMK 204.983.1%
+MK 18.3b		n/aPE15.3xFinancials
BHL Blantyre HotelsMK 17.520.06%
+MK 57.6m		16.8%PE85.3xConsumer Discretionary
SUNBIRD Sunbird TourismMK 3.55k0.0003%
+MK 2.6m		671.7%PE74.4xConsumer Discretionary
See more

Market Insights

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BHL
MK 17.52
Blantyre Hotels
7D
0.06%
1Y
16.8%
NICO
MK 1,342.42
NICO Holdings
7D
-0.07%
1Y
-11.3%
TNM
MK 26.99
Telekom Networks Malawi
7D
-5.4%
1Y
-31.0%
NBS
MK 639.81
NBS Bank
7D
-1.6%
1Y
-37.6%
SUNBIRD
MK 3,550.02
Sunbird Tourism
7D
0.0003%
1Y
671.7%
STANDARD
MK 3,892.70
Standard Bank
7D
-2.4%
1Y
-40.1%
AIRTEL
MK 101.91
Airtel Malawi
7D
-0.9%
1Y
-26.8%
FMBCH
MK 1,894.46
FMBcapital Holdings
7D
-0.03%
1Y
14.8%
FDHB
MK 491.71
FDH Bank
7D
-0.05%
1Y
-27.6%
NBM
MK 9,399.52
National Bank of Malawi
7D
-0.002%
1Y
36.5%