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Malawian (MSE) Banks Industry Analysis

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies5
  • 7D8.3%
  • 3M58.1%
  • 1Y219.9%
  • YTD175.7%

FMBcapital Holdings is up 14%, leading the way for the Banks industry, which has gained 8.2%. In the last 12 months, the industry was up 220%.

Industry Valuation and Performance

Has the Malawian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025MK 16.6tMK 1.5tMK 530.4b34.2x31.3x10.8x
Tue, 29 Jul 2025MK 12.7tMK 1.4tMK 454.7b28.9x28x9.1x
Thu, 26 Jun 2025MK 12.4tMK 1.4tMK 454.7b28.3x27.3x8.9x
Sat, 24 May 2025MK 10.8tMK 1.3tMK 431.6b25.9x24.9x8x
Mon, 21 Apr 2025MK 11.3tMK 1.2tMK 364.5b28.3x31x9.3x
Wed, 19 Mar 2025MK 11.4tMK 1.1tMK 323.6b36.3x35.3x10.1x
Fri, 14 Feb 2025MK 9.7tMK 1.1tMK 323.6b26.5x30x8.6x
Sun, 12 Jan 2025MK 6.5tMK 1.1tMK 323.6b22.3x20.1x5.7x
Tue, 10 Dec 2024MK 5.7tMK 1.1tMK 323.6b20.2x17.5x5x
Thu, 07 Nov 2024MK 5.3tMK 1.1tMK 323.6b18.9x16.5x4.7x
Sat, 05 Oct 2024MK 5.3tMK 1.1tMK 323.6b18.4x16.4x4.7x
Mon, 02 Sep 2024MK 5.2tMK 1.1tMK 303.2b16.7x17.1x4.8x
Wed, 31 Jul 2024MK 4.5tMK 1.0tMK 281.0b17.5x16.2x4.5x
Fri, 28 Jun 2024MK 4.1tMK 1.0tMK 281.0b16.5x14.5x4x
Sun, 26 May 2024MK 3.7tMK 1.0tMK 281.0b12.6x13.1x3.7x
Tue, 23 Apr 2024MK 3.8tMK 954.8bMK 281.3b12.6x13.6x4x
Thu, 21 Mar 2024MK 3.7tMK 870.9bMK 257.2b15.4x14.3x4.2x
Sat, 17 Feb 2024MK 3.7tMK 834.8bMK 255.0b15.3x14.5x4.4x
Mon, 15 Jan 2024MK 3.6tMK 834.8bMK 255.0b15.8x14x4.3x
Wed, 13 Dec 2023MK 3.3tMK 818.6bMK 248.7b16.2x13.3x4x
Fri, 10 Nov 2023MK 3.2tMK 699.9bMK 218.6b14x14.7x4.6x
Sun, 08 Oct 2023MK 3.3tMK 681.6bMK 210.1b16.2x15.6x4.8x
Tue, 05 Sep 2023MK 3.5tMK 645.2bMK 198.2b17.4x17.4x5.4x
Thu, 03 Aug 2023MK 3.1tMK 583.9bMK 170.6b20.2x18.2x5.3x
Sat, 01 Jul 2023MK 2.9tMK 583.9bMK 170.6b19.2x17.1x5x
Mon, 29 May 2023MK 2.6tMK 578.9bMK 169.5b14.4x15.5x4.5x
Wed, 26 Apr 2023MK 2.3tMK 563.2bMK 164.7b11.7x14.3x4.2x
Fri, 24 Mar 2023MK 2.1tMK 499.2bMK 133.6b16.8x15.6x4.2x
Sun, 19 Feb 2023MK 2.0tMK 480.8bMK 123.6b15.3x16.4x4.2x
Tue, 17 Jan 2023MK 1.8tMK 480.0bMK 123.5b14.6x14.4x3.7x
Thu, 15 Dec 2022MK 1.6tMK 470.1bMK 119.3b9.8x13.7x3.5x
Sat, 12 Nov 2022MK 1.6tMK 470.9bMK 119.5b8.8x13.2x3.3x
Mon, 10 Oct 2022MK 1.4tMK 469.8bMK 119.2b8.9x11.6x3x
Wed, 07 Sep 2022MK 1.4tMK 470.7bMK 119.4b8.5x11.5x2.9x
Price to Earnings Ratio

11.5x


Total Market Cap: MK 1.4tTotal Earnings: MK 119.4bTotal Revenue: MK 470.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Banks Industry Price to Earnings3Y Average 18.2x202320242025
Current Industry PE
  • Investors are optimistic on the Malawian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.6x which is higher than its 3-year average PE of 18.1x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 64% per year over the last three years.
  • Revenues for these companies have grown 48% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Malawian Financials industry?

MW Market7.96%
Financials10.27%
Banks8.32%
Diversified Banks8.32%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 18.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.1x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FMBCH FMBcapital HoldingsMK 1.65k13.8%
+MK 492.5b		314.2%PB9.5x
NBM National Bank of MalawiMK 7.50k15.3%
+MK 464.5b		117.4%PB13x
NBS NBS BankMK 1.02k9.6%
+MK 262.4b		584.6%PB26.6x
STANDARD Standard BankMK 6.50k14.8%
+MK 195.9b		34.0%PB5.9x

Latest News

FDHB
MK 659.99
FDH Bank
7D
-3.0%
1Y
340.5%
NBS
MK 1,024.94
NBS Bank
7D
9.6%
1Y
584.6%
NBM
MK 7,501.02
National Bank of Malawi
7D
15.3%
1Y
117.4%
FMBCH
MK 1,650.40
FMBcapital Holdings
7D
13.8%
1Y
314.2%
STANDARD
MK 6,499.09
Standard Bank
7D
14.8%
1Y
34.0%