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Malawian (MSE) Market Analysis & Valuation

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies14
  • 7D3.3%
  • 3M16.6%
  • 1Y182.5%
  • YTD100.6%

The market has climbed 3.3% in the last 7 days, lead by the Financials sector with a gain of 3.9%. The market is up 182% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Jul 2025MK 18.4tMK 3.3tMK 708.9b27.9x26x5.6x
Sun, 08 Jun 2025MK 15.0tMK 3.0tMK 635.6b19.9x23.6x4.9x
Tue, 06 May 2025MK 15.5tMK 2.8tMK 541.5b21.6x28.7x5.5x
Thu, 03 Apr 2025MK 15.7tMK 2.8tMK 512.8b22.3x30.7x5.7x
Sat, 01 Mar 2025MK 15.0tMK 2.7tMK 472.0b22.2x31.7x5.6x
Mon, 27 Jan 2025MK 11.0tMK 2.7tMK 472.0b17.8x23.3x4.1x
Wed, 25 Dec 2024MK 9.1tMK 2.7tMK 472.0b12.7x19.3x3.4x
Fri, 22 Nov 2024MK 8.3tMK 2.7tMK 494.8b9.9x16.9x3.1x
Sun, 20 Oct 2024MK 7.7tMK 2.7tMK 494.8b9.8x15.6x2.9x
Tue, 17 Sep 2024MK 7.7tMK 2.4tMK 447.1b13x17.1x3.1x
Thu, 15 Aug 2024MK 7.2tMK 2.3tMK 423.5b13x17x3.1x
Sat, 13 Jul 2024MK 6.6tMK 2.3tMK 423.5b11.3x15.6x2.8x
Mon, 10 Jun 2024MK 6.3tMK 2.3tMK 397.8b14.4x15.8x2.7x
Wed, 08 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Fri, 05 Apr 2024MK 6.1tMK 2.2tMK 440.0b12.3x13.9x2.8x
Sun, 03 Mar 2024MK 6.0tMK 2.0tMK 418.8b12.3x14.4x3x
Tue, 30 Jan 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.8x3.1x
Thu, 28 Dec 2023MK 5.8tMK 1.9tMK 381.2b16.2x15.1x3.1x
Sat, 25 Nov 2023MK 6.1tMK 1.9tMK 381.2b16.2x15.9x3.2x
Mon, 23 Oct 2023MK 6.1tMK 1.8tMK 352.9b16.2x17.2x3.4x
Wed, 20 Sep 2023MK 6.4tMK 1.7tMK 332.3b17.4x19.2x3.7x
Fri, 18 Aug 2023MK 6.2tMK 1.6tMK 290.4b19.9x21.4x3.8x
Sun, 16 Jul 2023MK 5.9tMK 1.3tMK 253.4b18x23.1x4.5x
Tue, 13 Jun 2023MK 5.5tMK 1.6tMK 287.0b13.7x19.2x3.5x
Thu, 11 May 2023MK 5.0tMK 1.5tMK 276.9b14.5x18x3.3x
Sat, 08 Apr 2023MK 4.3tMK 1.3tMK 242.6b15.1x17.9x3.3x
Mon, 06 Mar 2023MK 3.8tMK 1.3tMK 223.6b15.9x17x2.9x
Wed, 01 Feb 2023MK 3.7tMK 1.3tMK 223.8b14.6x16.3x2.8x
Fri, 30 Dec 2022MK 3.3tMK 1.2tMK 197.9b11.3x16.6x2.6x
Sun, 27 Nov 2022MK 3.2tMK 1.2tMK 193.7b10.1x16.4x2.7x
Tue, 25 Oct 2022MK 2.9tMK 1.2tMK 193.6b10.1x15.1x2.5x
Thu, 22 Sep 2022MK 2.9tMK 1.2tMK 193.5b10.1x15x2.5x
Sat, 20 Aug 2022MK 2.9tMK 1.1tMK 175.7b14.3x16.3x2.7x
Mon, 18 Jul 2022MK 2.7tMK 1.1tMK 175.8b14.1x15.2x2.5x
Price to Earnings Ratio

15.2x


Total Market Cap: MK 2.7tTotal Earnings: MK 175.8bTotal Revenue: MK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 18.5x202320242025
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 26.0x which is higher than its 3-year average PE of 18.5x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 59% 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 Market3.32%
Financials3.90%
Telecom2.77%
Real Estate0.36%
Consumer Staples0.0022%
Industrials0%0
Consumer Discretionary0%0
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 26.5x.
    • 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 12.1x.
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
FDHB FDH BankMK 408.8716.8%
+MK 405.3b		289.4%PB29xFinancials
NBM National Bank of MalawiMK 6.50k4.8%
+MK 139.9b		140.7%PB11.3xFinancials
TNM Telekom Networks MalawiMK 34.5019.0%
+MK 55.2b		109.1%PE34.5xTelecom
NBS NBS BankMK 699.990.03%
+MK 553.0m		599.2%PB18.2xFinancials
MPICO MPICOMK 19.251.2%
+MK 528.6m		28.2%PE5.2xReal Estate
See more

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ICON
MK 17.93
ICON Properties
7D
0.06%
1Y
12.8%
NBS
MK 699.99
NBS Bank
7D
0.03%
1Y
599.2%
TNM
MK 34.50
Telekom Networks Malawi
7D
19.0%
1Y
109.1%
NBM
MK 6,500.01
National Bank of Malawi
7D
4.8%
1Y
140.7%
ILLOVO
MK 1,791.29
Illovo Sugar (Malawi)
7D
0.002%
1Y
32.2%
FMBCH
MK 1,199.71
FMBcapital Holdings
7D
0.002%
1Y
217.5%
AIRTEL
MK 127.21
Airtel Malawi
7D
-0.2%
1Y
167.9%
MPICO
MK 19.25
MPICO
7D
1.2%
1Y
28.2%
FDHB
MK 408.87
FDH Bank
7D
16.8%
1Y
289.4%