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Malawian (MSE) Market Analysis & Valuation

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies14
  • 7D0.2%
  • 3M4.4%
  • 1Y173.2%
  • YTD-0.1%

In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 12%. As for the longer term, the market has risen 173% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026MK 28.0tMK 4.0tMK 960.2b27.2x29.1x7x
Wed, 17 Dec 2025MK 28.7tMK 4.0tMK 960.2b22.3x29.9x7.1x
Fri, 14 Nov 2025MK 29.5tMK 3.9tMK 905.6b27.2x32.5x7.6x
Sun, 12 Oct 2025MK 26.5tMK 3.9tMK 905.6b28.2x29.2x6.9x
Tue, 09 Sep 2025MK 22.7tMK 3.4tMK 790.6b25.2x28.8x6.6x
Thu, 07 Aug 2025MK 18.7tMK 3.3tMK 708.9b28.2x26.4x5.7x
Sat, 05 Jul 2025MK 17.9tMK 3.3tMK 708.9b27.9x25.2x5.5x
Mon, 02 Jun 2025MK 15.2tMK 3.0tMK 635.6b20.1x23.9x5x
Wed, 30 Apr 2025MK 15.6tMK 2.8tMK 512.8b22.9x30.3x5.6x
Fri, 28 Mar 2025MK 15.7tMK 2.7tMK 490.4b21x32x5.8x
Sun, 23 Feb 2025MK 14.2tMK 2.7tMK 472.0b22.2x30.1x5.3x
Tue, 21 Jan 2025MK 10.1tMK 2.7tMK 472.0b16.8x21.5x3.8x
Thu, 19 Dec 2024MK 9.1tMK 2.7tMK 472.0b12.7x19.3x3.4x
Sat, 16 Nov 2024MK 8.1tMK 2.7tMK 494.8b9.8x16.4x3x
Mon, 14 Oct 2024MK 7.7tMK 2.7tMK 495.4b9.8x15.5x2.9x
Wed, 11 Sep 2024MK 7.7tMK 2.4tMK 445.7b13x17.2x3.2x
Fri, 09 Aug 2024MK 7.2tMK 2.3tMK 423.5b13.1x16.9x3x
Sun, 07 Jul 2024MK 6.5tMK 2.3tMK 423.5b10.7x15.4x2.8x
Tue, 04 Jun 2024MK 6.2tMK 2.3tMK 409.1b14.4x15.1x2.7x
Thu, 02 May 2024MK 6.1tMK 2.3tMK 409.4b13.8x14.9x2.7x
Sat, 30 Mar 2024MK 6.1tMK 2.2tMK 433.6b12.3x14.1x2.8x
Mon, 26 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.6x3.1x
Wed, 24 Jan 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.7x3.1x
Fri, 22 Dec 2023MK 5.8tMK 1.9tMK 381.2b16.2x15.2x3.1x
Sun, 19 Nov 2023MK 6.0tMK 1.9tMK 380.8b16.2x15.9x3.2x
Tue, 17 Oct 2023MK 6.1tMK 1.8tMK 353.0b16.2x17.4x3.5x
Thu, 14 Sep 2023MK 6.4tMK 1.7tMK 331.5b17.7x19.3x3.7x
Sat, 12 Aug 2023MK 6.2tMK 1.6tMK 290.3b19.9x21.4x3.8x
Mon, 10 Jul 2023MK 5.7tMK 1.3tMK 253.3b17.4x22.7x4.4x
Wed, 07 Jun 2023MK 5.5tMK 1.6tMK 286.9b13.7x19.2x3.5x
Fri, 05 May 2023MK 4.7tMK 1.5tMK 276.9b13.8x16.9x3.1x
Sun, 02 Apr 2023MK 4.3tMK 1.3tMK 242.3b15.1x17.7x3.2x
Tue, 28 Feb 2023MK 3.8tMK 1.3tMK 223.7b15.3x16.8x2.9x
Thu, 26 Jan 2023MK 3.6tMK 1.3tMK 223.9b14.6x16.1x2.8x
Price to Earnings Ratio

16.1x


Total Market Cap: MK 3.6tTotal Earnings: MK 223.9bTotal Revenue: MK 1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.8x202420252026
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 20.8x.
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 Market0.16%
Consumer Staples12.29%
Consumer Discretionary11.70%
Industrials-0.021%
Real Estate-0.045%
Telecom-0.57%
Financials-0.89%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.4x.
    • 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 8.1x.
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
ILLOVO Illovo Sugar (Malawi)MK 2.62k12.3%
+MK 204.3b		93.1%PE24.2xConsumer Staples
SUNBIRD Sunbird TourismMK 1.70k14.4%
+MK 55.8b		608.0%PE39.4xConsumer Discretionary
PCL PressMK 7.83k4.9%
+MK 44.0b		213.1%PE10.6xIndustrials
See more

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Latest News

NBM
MK 11,958.13
National Bank of Malawi
7D
-0.2%
1Y
161.2%
ILLOVO
MK 2,616.60
Illovo Sugar (Malawi)
7D
12.3%
1Y
93.1%
PCL
MK 7,827.00
Press
7D
4.9%
1Y
213.1%
NICO
MK 1,727.80
NICO Holdings
7D
-0.3%
1Y
312.4%
BHL
MK 15.04
Blantyre Hotels
7D
-0.2%
1Y
3.4%
NBS
MK 893.13
NBS Bank
7D
-1.5%
1Y
182.0%
FDHB
MK 597.89
FDH Bank
7D
-0.2%
1Y
303.2%
TNM
MK 31.28
Telekom Networks Malawi
7D
-0.3%
1Y
52.7%
FMBCH
MK 3,129.96
FMBcapital Holdings
7D
-0.6%
1Y
463.9%
AIRTEL
MK 120.00
Airtel Malawi
7D
-0.6%
1Y
41.2%
SUNBIRD
MK 1,700.01
Sunbird Tourism
7D
14.4%
1Y
608.0%