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Malawian (MSE) Market Analysis & Valuation

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.1%
  • 3M12.1%
  • 1Y206.2%
  • YTD199.3%

Over the last 7 days, the market has dropped 2.1%, driven by a pullback of 2.5% in the Financials sector. Meanwhile, the Consumer Discretionary sector has outperformed, gaining 9.2% in that time. In the last year, the market is actually up 206%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025MK 27.9tMK 4.0tMK 960.2b22.3x29.1x6.9x
Mon, 24 Nov 2025MK 29.8tMK 3.9tMK 905.6b27.2x32.9x7.7x
Wed, 22 Oct 2025MK 26.5tMK 3.9tMK 905.6b28.6x29.3x6.9x
Fri, 19 Sep 2025MK 24.8tMK 3.7tMK 874.8b25.5x28.3x6.7x
Sun, 17 Aug 2025MK 20.1tMK 3.3tMK 741.3b29.7x27.2x6.1x
Tue, 15 Jul 2025MK 19.1tMK 3.3tMK 708.9b27.9x26.9x5.8x
Thu, 12 Jun 2025MK 15.3tMK 3.1tMK 658.8b19.1x23.2x4.9x
Sat, 10 May 2025MK 15.5tMK 3.0tMK 597.4b21.6x26x5.2x
Mon, 07 Apr 2025MK 15.7tMK 2.8tMK 512.8b22.3x30.6x5.7x
Wed, 05 Mar 2025MK 15.3tMK 2.7tMK 472.0b22.2x32.3x5.7x
Fri, 31 Jan 2025MK 11.5tMK 2.7tMK 472.0b17.8x24.3x4.3x
Sun, 29 Dec 2024MK 9.1tMK 2.7tMK 472.0b12.7x19.2x3.4x
Tue, 26 Nov 2024MK 8.4tMK 2.7tMK 494.8b10.3x16.9x3.1x
Thu, 24 Oct 2024MK 7.8tMK 2.7tMK 494.8b9.8x15.7x2.9x
Sat, 21 Sep 2024MK 7.7tMK 2.5tMK 457.2b12.8x16.8x3x
Mon, 19 Aug 2024MK 7.4tMK 2.4tMK 446.6b13x16.7x3.1x
Wed, 17 Jul 2024MK 6.7tMK 2.3tMK 423.5b12.1x15.7x2.8x
Fri, 14 Jun 2024MK 6.3tMK 2.3tMK 397.8b14.4x15.8x2.7x
Sun, 12 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.8x2.6x
Tue, 09 Apr 2024MK 6.1tMK 2.2tMK 451.6b12.3x13.5x2.7x
Thu, 07 Mar 2024MK 6.0tMK 2.0tMK 412.3b12.3x14.7x3.1x
Sat, 03 Feb 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.8x3.1x
Mon, 01 Jan 2024MK 5.9tMK 2.0tMK 418.8b14x14.1x3x
Wed, 29 Nov 2023MK 6.0tMK 1.9tMK 381.2b16.2x15.8x3.2x
Fri, 27 Oct 2023MK 6.1tMK 1.8tMK 352.9b16.2x17.2x3.4x
Sun, 24 Sep 2023MK 6.4tMK 1.7tMK 331.1b16.9x19.2x3.7x
Tue, 22 Aug 2023MK 6.2tMK 1.6tMK 290.6b19.8x21.4x3.8x
Thu, 20 Jul 2023MK 5.9tMK 1.6tMK 265.5b19.5x22.3x3.7x
Sat, 17 Jun 2023MK 5.6tMK 1.6tMK 287.3b14.6x19.3x3.6x
Mon, 15 May 2023MK 5.2tMK 1.5tMK 276.8b14.5x18.8x3.5x
Wed, 12 Apr 2023MK 4.4tMK 1.3tMK 242.2b15.1x18x3.3x
Fri, 10 Mar 2023MK 3.9tMK 1.3tMK 223.6b17x17.3x3x
Sun, 05 Feb 2023MK 3.7tMK 1.3tMK 223.9b14.6x16.4x2.8x
Tue, 03 Jan 2023MK 3.3tMK 1.2tMK 189.8b11.6x17.5x2.9x
Price to Earnings Ratio

17.5x


Total Market Cap: MK 3.3tTotal Earnings: MK 189.8bTotal Revenue: MK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 20.5x20242025
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 20.5x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 72% per year over the last three years.
  • Revenues for these companies have grown 51% 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-2.09%
Consumer Discretionary9.23%
Consumer Staples0.00043%
Industrials0%0
Telecom-1.41%
Financials-2.47%
Real Estate-7.71%
Sector PE
  • Investors favour the Financials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.5x.
    • 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 8.6x.
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 850.0013.3%
+MK 26.2b		254.0%PE19.7xConsumer Discretionary
MPICO MPICOMK 19.510.05%
+MK 23.0m		5.3%PE5.2xReal Estate
ILLOVO Illovo Sugar (Malawi)MK 2.33k0.0004%
+MK 7.1m		72.0%PE21.5xConsumer Staples
See more

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NBM
MK 12,000.00
National Bank of Malawi
7D
-1.6%
1Y
246.6%
ILLOVO
MK 2,330.11
Illovo Sugar (Malawi)
7D
0.0004%
1Y
72.0%
NICO
MK 1,738.00
NICO Holdings
7D
-0.1%
1Y
314.8%
ICON
MK 16.00
ICON Properties
7D
-10.6%
1Y
-11.4%
BHL
MK 15.04
Blantyre Hotels
7D
-0.07%
1Y
n/a
NBS
MK 912.39
NBS Bank
7D
-0.2%
1Y
478.9%
FDHB
MK 595.61
FDH Bank
7D
-2.0%
1Y
301.8%
FMBCH
MK 3,200.00
FMBcapital Holdings
7D
-4.9%
1Y
476.6%
AIRTEL
MK 120.80
Airtel Malawi
7D
-1.8%
1Y
34.2%
SUNBIRD
MK 850.00
Sunbird Tourism
7D
13.3%
1Y
254.0%
MPICO
MK 19.51
MPICO
7D
0.05%
1Y
5.3%