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Bulgarian (SOFIX) Market Analysis & Valuation

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies167
  • 7D0.9%
  • 3M-5.6%
  • 1Y20.3%
  • YTD16.0%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.9% in that time. Meanwhile, the market is actually up 20% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026лв10.4bлв9.2bлв661.1m20x15.7x1.1x
Fri, 10 Apr 2026лв10.2bлв9.2bлв656.8m20x15.6x1.1x
Sun, 08 Mar 2026лв10.1bлв9.1bлв656.0m19.4x15.4x1.1x
Tue, 03 Feb 2026лв10.5bлв8.8bлв649.4m19.7x16.2x1.2x
Thu, 01 Jan 2026лв17.7bлв17.2bлв1.2b20.7x14.2x1x
Sat, 29 Nov 2025лв17.0bлв16.9bлв1.2b19.9x13.8x1x
Mon, 27 Oct 2025лв16.9bлв17.0bлв1.2b18.8x13.7x1x
Wed, 24 Sep 2025лв17.1bлв16.8bлв1.2b17.4x13.9x1x
Fri, 22 Aug 2025лв16.9bлв16.5bлв1.1b20x15x1x
Sun, 20 Jul 2025лв16.8bлв16.4bлв1.1b20.4x15.2x1x
Tue, 17 Jun 2025лв16.3bлв16.5bлв1.1b21.8x14.8x1x
Thu, 15 May 2025лв15.6bлв15.8bлв1.0b19.4x15.3x1x
Sat, 12 Apr 2025лв15.4bлв16.3bлв1.0b18.8x14.7x0.9x
Mon, 10 Mar 2025лв14.9bлв16.3bлв1.1b17.3x13.8x0.9x
Wed, 05 Feb 2025лв14.9bлв12.6bлв877.0m17.4x17x1.2x
Fri, 03 Jan 2025лв14.8bлв12.5bлв882.6m17.4x16.8x1.2x
Sun, 01 Dec 2024лв14.5bлв12.3bлв857.5m17.6x16.9x1.2x
Tue, 29 Oct 2024лв14.9bлв12.1bлв830.0m17.5x17.9x1.2x
Thu, 26 Sep 2024лв14.8bлв12.1bлв849.6m17.1x17.5x1.2x
Sat, 24 Aug 2024лв15.6bлв14.6bлв871.1m15.7x17.9x1.1x
Mon, 22 Jul 2024лв15.1bлв12.0bлв857.8m15.3x17.6x1.3x
Wed, 19 Jun 2024лв15.0bлв12.3bлв909.4m13.8x16.4x1.2x
Fri, 17 May 2024лв15.7bлв16.6bлв1.1b13x14.1x0.9x
Sun, 14 Apr 2024лв14.8bлв16.7bлв1.2b13.6x12.7x0.9x
Tue, 12 Mar 2024лв15.2bлв16.8bлв1.2b14.1x12.8x0.9x
Thu, 08 Feb 2024лв14.9bлв16.1bлв1.1b13.7x13.7x0.9x
Sat, 06 Jan 2024лв15.7bлв17.8bлв1.3b11.5x12.1x0.9x
Mon, 04 Dec 2023лв15.6bлв18.1bлв1.3b11.9x12x0.9x
Wed, 01 Nov 2023лв15.6bлв18.8bлв1.4b12.9x11.2x0.8x
Fri, 29 Sep 2023лв15.3bлв18.8bлв1.4b12.6x10.9x0.8x
Sun, 27 Aug 2023лв14.9bлв15.9bлв1.1b12.1x13.6x0.9x
Tue, 25 Jul 2023лв14.5bлв19.2bлв1.3b13.5x10.8x0.8x
Thu, 22 Jun 2023лв14.3bлв19.2bлв1.3b13.5x11.2x0.7x
Sat, 20 May 2023лв14.0bлв20.3bлв1.1b13.1x12.5x0.7x
Price to Earnings Ratio

12.5x


Total Market Cap: лв14.0bTotal Earnings: лв1.1bTotal Revenue: лв20.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Market Price to Earnings3Y Average 14.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Bulgarian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.5x.
Past Earnings Growth
  • The earnings for companies in the Bulgarian industry have declined 16% per year over the last three years.
  • Revenues have also declined 23% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Bulgarian Market?

BG Market0.87%
Healthcare3.92%
Tech2.08%
Consumer Staples1.00%
Real Estate0.73%
Financials0.37%
Energy0%0
Telecom0%0
Utilities0%0
Industrials-1.46%
Materials-1.83%
Consumer Discretionary-3.40%
Sector PE
  • Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 26.0x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 33% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Tech sector is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
SLYG Shelly Group€63.809.2%
+€98.1m		66.6%PE46.2xTech
SFA Sopharma AD€1.907.0%
+€65.7m		74.2%PE14.6xHealthcare
SPDY Speedy AD€89.504.7%
+€21.5m		-8.8%PE17.8xIndustrials
VINA RES Invest Holding AD€1.99112.8%
+€10.6m		159.3%n/aConsumer Staples
SFB Sopharma Buildings REIT-Sofia€9.7537.3%
+€10.3m		27.2%n/aReal Estate
See more

Market Insights

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