Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malawian (MSE) Market Analysis & Valuation

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies14
  • 7D6.6%
  • 3M51.1%
  • 1Y200.8%
  • YTD146.3%

Over the last 7 days, the market has risen 6.6%, driven by gains of 8.5% in the Financials sector. In the last year, the market has climbed 201%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025MK 22.7tMK 3.4tMK 784.6b25.2x28.9x6.7x
Thu, 31 Jul 2025MK 17.9tMK 3.3tMK 708.9b27.9x25.2x5.5x
Sat, 28 Jun 2025MK 17.1tMK 3.1tMK 663.9b24.6x25.8x5.5x
Mon, 26 May 2025MK 15.2tMK 3.0tMK 597.4b20.2x25.4x5.1x
Wed, 23 Apr 2025MK 15.8tMK 2.8tMK 512.8b23x30.7x5.7x
Fri, 21 Mar 2025MK 15.7tMK 2.7tMK 490.4b20.9x32.1x5.8x
Sun, 16 Feb 2025MK 13.2tMK 2.7tMK 472.0b22.2x28x4.9x
Tue, 14 Jan 2025MK 9.6tMK 2.7tMK 472.0b15.6x20.4x3.6x
Thu, 12 Dec 2024MK 8.9tMK 2.7tMK 472.0b11x18.8x3.3x
Sat, 09 Nov 2024MK 7.9tMK 2.7tMK 494.8b9.8x16x3x
Mon, 07 Oct 2024MK 7.7tMK 2.7tMK 495.4b9.8x15.5x2.9x
Wed, 04 Sep 2024MK 7.5tMK 2.4tMK 445.7b13x16.9x3.1x
Fri, 02 Aug 2024MK 7.1tMK 2.3tMK 423.5b13.1x16.7x3x
Sun, 30 Jun 2024MK 6.5tMK 2.5tMK 420.5b10.7x15.4x2.6x
Tue, 28 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Thu, 25 Apr 2024MK 6.2tMK 2.3tMK 409.4b12.6x15.1x2.7x
Sat, 23 Mar 2024MK 6.0tMK 2.2tMK 433.6b12.3x13.9x2.8x
Mon, 19 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.6x3.1x
Wed, 17 Jan 2024MK 6.0tMK 2.0tMK 418.8b12.9x14.2x3x
Fri, 15 Dec 2023MK 5.9tMK 1.9tMK 381.2b16.3x15.4x3.1x
Sun, 12 Nov 2023MK 6.1tMK 1.9tMK 380.8b16.2x15.9x3.2x
Tue, 10 Oct 2023MK 6.2tMK 1.7tMK 341.8b16.4x18x3.5x
Thu, 07 Sep 2023MK 6.4tMK 1.7tMK 327.2b17x19.6x3.8x
Sat, 05 Aug 2023MK 6.1tMK 1.6tMK 290.5b18.9x21x3.8x
Mon, 03 Jul 2023MK 5.8tMK 1.3tMK 253.6b17.4x22.9x4.4x
Wed, 31 May 2023MK 5.4tMK 1.6tMK 284.1b13.8x19.1x3.5x
Fri, 28 Apr 2023MK 4.6tMK 1.4tMK 273.5b12.5x16.8x3.3x
Sun, 26 Mar 2023MK 4.1tMK 1.3tMK 233.9b16.8x17.7x3.1x
Tue, 21 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.7x2.9x
Thu, 19 Jan 2023MK 3.4tMK 1.3tMK 223.5b14.5x15.3x2.6x
Sat, 17 Dec 2022MK 3.2tMK 1.2tMK 193.5b10.1x16.8x2.7x
Mon, 14 Nov 2022MK 3.1tMK 1.2tMK 193.7b10.1x16.2x2.7x
Wed, 12 Oct 2022MK 2.9tMK 1.2tMK 193.6b10.1x15x2.5x
Fri, 09 Sep 2022MK 2.9tMK 1.2tMK 193.6b10.1x14.9x2.5x
Price to Earnings Ratio

14.9x


Total Market Cap: MK 2.9tTotal Earnings: MK 193.6bTotal Revenue: MK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 19x202320242025
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 28.9x which is higher than its 3-year average PE of 19.0x.
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 42% 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 Market6.59%
Financials8.48%
Consumer Discretionary0.26%
Real Estate0.042%
Consumer Staples0.0022%
Industrials0%0
Telecom-2.04%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 27.3x.
    • 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 11.0x.
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
FMBCH FMBcapital HoldingsMK 1.65k13.8%
+MK 492.5b		314.2%PB9.5xFinancials
NBM National Bank of MalawiMK 7.50k15.3%
+MK 464.5b		117.4%PB13xFinancials
NICO NICO HoldingsMK 1.74k32.1%
+MK 441.2b		775.6%PE25.2xFinancials
STANDARD Standard BankMK 6.50k13.6%
+MK 182.0b		34.0%PB5.9xFinancials
BHL Blantyre HotelsMK 15.002.7%
+MK 335.9m		n/aPS2.1xConsumer Discretionary
See more

Market Insights

Header cover image
🌊 The 2025 IPO Wave: Winners, Losers, and What Investors Should Watch
Richard Bowman avatar
Richard Bowman
|
|
The number of IPOs and the capital raised this year are on track to outpace the last three years combined. And the thing is, successful IPOs attract more IPOs. Some will be genuine gems, while others, not so much. That’s why this week, we’re digging into the IPO market, and more importantly, how you can improve your odds of spotting a winner.
Continue reading
📊 Leveraged Upside and Downside With Bitcoin Treasury Companies
Last Week

📊 Leveraged Upside and Downside With Bitcoin Treasury Companies

Latest News

FDHB
MK 659.87
FDH Bank
7D
-2.9%
1Y
340.5%
NICO
MK 1,740.01
NICO Holdings
7D
32.1%
1Y
775.6%
BHL
MK 15.00
Blantyre Hotels
7D
2.7%
1Y
n/a
NBS
MK 1,024.90
NBS Bank
7D
-0.01%
1Y
584.7%
TNM
MK 35.88
Telekom Networks Malawi
7D
-8.7%
1Y
99.2%
NBM
MK 7,501.02
National Bank of Malawi
7D
15.3%
1Y
117.4%
ILLOVO
MK 1,791.40
Illovo Sugar (Malawi)
7D
0.002%
1Y
32.2%
FMBCH
MK 1,650.40
FMBcapital Holdings
7D
13.8%
1Y
314.2%
AIRTEL
MK 138.85
Airtel Malawi
7D
-0.3%
1Y
208.9%
STANDARD
MK 6,498.58
Standard Bank
7D
13.6%
1Y
34.0%
SUNBIRD
MK 460.02
Sunbird Tourism
7D
0.002%
1Y
105.3%
MPICO
MK 19.51
MPICO
7D
0.2%
1Y
30.5%