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Bulgarian (SOFIX) Financials Sector Analysis
UpdatedMar 26, 2026
DataAggregated Company Financials
Companies50
- 7D-0.1%
- 3M10.0%
- 1Y29.1%
- YTD11.3%
The Financials is pretty flat in the last 7 days, but Chernomorski Holding AD has stood out, gaining 29%. As for the the longer term, the industry is up 29% over the past 12 months.
Sector Valuation and Performance
Has the Bulgarian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | лв2.3b | лв2.5b | лв308.5m | 13.3x | 7.4x | 0.9x |
| Sat, 21 Feb 2026 | лв2.4b | лв2.3b | лв294.2m | 14.6x | 8.1x | 1x |
| Mon, 19 Jan 2026 | лв2.5b | лв2.5b | лв323.5m | 13.7x | 7.6x | 1x |
| Wed, 17 Dec 2025 | лв4.0b | лв4.8b | лв635.1m | 12.2x | 6.3x | 0.8x |
| Fri, 14 Nov 2025 | лв3.7b | лв4.8b | лв625.5m | 11.6x | 6x | 0.8x |
| Sun, 12 Oct 2025 | лв3.8b | лв4.8b | лв629.2m | 10.8x | 6.1x | 0.8x |
| Tue, 09 Sep 2025 | лв3.9b | лв4.7b | лв621.2m | 10.8x | 6.3x | 0.8x |
| Thu, 07 Aug 2025 | лв3.8b | лв4.7b | лв507.1m | 15.1x | 7.6x | 0.8x |
| Sat, 05 Jul 2025 | лв3.7b | лв4.7b | лв493.0m | 17.3x | 7.6x | 0.8x |
| Mon, 02 Jun 2025 | лв3.6b | лв4.4b | лв448.7m | 15.6x | 8.1x | 0.8x |
| Wed, 30 Apr 2025 | лв3.4b | лв4.4b | лв449.6m | 16.3x | 7.5x | 0.8x |
| Fri, 28 Mar 2025 | лв3.5b | лв4.4b | лв460.7m | 13.5x | 7.6x | 0.8x |
| Sun, 23 Feb 2025 | лв3.0b | лв1.5b | лв353.8m | 11.6x | 8.4x | 2x |
| Tue, 21 Jan 2025 | лв3.0b | лв1.5b | лв352.0m | 11.8x | 8.5x | 2x |
| Thu, 19 Dec 2024 | лв2.9b | лв1.5b | лв352.0m | 10.4x | 8.2x | 1.9x |
| Sat, 16 Nov 2024 | лв2.9b | лв1.5b | лв360.4m | 7.5x | 8x | 1.9x |
| Mon, 14 Oct 2024 | лв2.9b | лв1.5b | лв356.5m | 10.5x | 8.2x | 1.9x |
| Wed, 11 Sep 2024 | лв3.0b | лв1.5b | лв354.8m | 8.2x | 8.5x | 2x |
| Fri, 09 Aug 2024 | лв2.9b | лв1.5b | лв384.9m | 11.6x | 7.5x | 1.9x |
| Sun, 07 Jul 2024 | лв2.9b | лв1.5b | лв388.5m | 8.6x | 7.4x | 1.9x |
| Tue, 04 Jun 2024 | лв3.3b | лв5.4b | лв622.0m | 8.3x | 5.4x | 0.6x |
| Thu, 02 May 2024 | лв3.0b | лв5.3b | лв620.8m | 9x | 4.8x | 0.6x |
| Sat, 30 Mar 2024 | лв2.8b | лв5.4b | лв618.7m | 8.7x | 4.5x | 0.5x |
| Mon, 26 Feb 2024 | лв2.8b | лв5.4b | лв637.2m | 8.9x | 4.4x | 0.5x |
| Wed, 24 Jan 2024 | лв2.9b | лв5.4b | лв644.0m | 7.1x | 4.4x | 0.5x |
| Fri, 22 Dec 2023 | лв2.8b | лв5.3b | лв627.5m | 7.7x | 4.4x | 0.5x |
| Sun, 19 Nov 2023 | лв2.8b | лв5.9b | лв653.0m | 9.3x | 4.3x | 0.5x |
| Tue, 17 Oct 2023 | лв2.8b | лв5.9b | лв645.5m | 10.1x | 4.3x | 0.5x |
| Thu, 14 Sep 2023 | лв2.8b | лв5.9b | лв612.3m | 9.7x | 4.6x | 0.5x |
| Sat, 12 Aug 2023 | лв2.7b | лв3.2b | лв314.0m | 12.1x | 8.4x | 0.8x |
| Mon, 10 Jul 2023 | лв2.6b | лв6.2b | лв566.7m | 10.4x | 4.7x | 0.4x |
| Wed, 07 Jun 2023 | лв2.6b | лв7.6b | лв361.7m | 11.1x | 7.2x | 0.3x |
| Fri, 05 May 2023 | лв2.5b | лв7.5b | лв314.6m | 12.6x | 7.8x | 0.3x |
| Sun, 02 Apr 2023 | лв2.5b | лв7.5b | лв312.5m | 12.9x | 7.9x | 0.3x |
Price to Earnings Ratio
7.9x
Current Industry PE
- Investors are optimistic on the Bulgarian Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.4x which is higher than its 3-year average PE of 6.6x.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 30% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Bulgarian Financials sector?
| BG Market | 1.48% | |
| Financials | -0.13% | |
| Capital Markets | 0.67% | |
| Consumer Finance | 0.094% | |
| Mortgage REITs | 0% | 0 |
| Banks | -0.14% | |
| Diversified Financial | -0.66% | |
| Insurance | -1.81% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 47.0x.
- 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 Financial industry, which is trading below its 3-year average of 5.3x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CHL Chernomorski Holding AD | €10.50 | 28.8% +€7.7m | 19.4% | PE123.6x | |
| FIB First Investment Bank AD | €3.12 | 1.0% +€4.5m | 52.5% | PB0.5x | |
| GAMZ Severcoop Gamza Holding AD | €1.89 | 26.0% +€2.1m | -11.1% | n/a | |
| HLEV Zlaten Lev Holding | €2.50 | 13.6% +€1.9m | 22.3% | n/a | |
| MFG MFG Invest AD | €1.70 | 6.3% +€1.1m | 33.0% | PE14.4x |