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Bulgarian (SOFIX) Capital Markets Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies37
  • 7D1.6%
  • 3M3.2%
  • 1Y17.0%
  • YTD15.2%

In the last week, the Capital Markets industry is up 1.6%, with HR Capital AD leading the way with a 13% gain. Meanwhile, IPO Growth JSC actually underperformed within the industry, shrinking 20% in the last week. This means that the industry has gained 17% over the past year.

Industry Valuation and Performance

Has the Bulgarian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026лв887.7mлв81.4mлв23.1m23.4x38.5x10.9x
Tue, 07 Jul 2026лв856.6mлв80.2mлв22.6m25.6x37.9x10.7x
Thu, 04 Jun 2026лв853.8mлв80.9mлв19.7m29.5x43.3x10.6x
Sat, 02 May 2026лв861.3mлв76.8mлв19.8m37.6x43.4x11.2x
Mon, 30 Mar 2026лв846.2mлв80.2mлв21.3m36.8x39.7x10.5x
Wed, 25 Feb 2026лв745.8mлв22.7mлв17.6m42x42.3x32.9x
Fri, 23 Jan 2026лв742.7mлв76.7mлв24.0m31.6x31x9.7x
Sun, 21 Dec 2025лв1.3bлв146.8mлв44.4m31.7x30x9.1x
Tue, 18 Nov 2025лв1.4bлв144.5mлв49.0m30.9x27.8x9.4x
Thu, 16 Oct 2025лв1.5bлв146.2mлв51.4m28.7x28.9x10.2x
Sat, 13 Sep 2025лв1.5bлв136.8mлв43.2m31.7x34.4x10.9x
Mon, 11 Aug 2025лв1.5bлв133.8mлв42.5m40.4x34.3x10.9x
Wed, 09 Jul 2025лв1.4bлв117.4mлв29.3m40.5x47.6x11.9x
Fri, 06 Jun 2025лв1.3bлв115.4mлв29.0m39.6x44.4x11.2x
Sun, 04 May 2025лв1.2bлв120.7mлв27.4m34.2x42.6x9.7x
Tue, 01 Apr 2025лв1.2bлв134.3mлв37.1m28.3x32.6x9x
Thu, 27 Feb 2025лв1.2bлв135.1mлв38.2m20x31.7x9x
Sat, 25 Jan 2025лв1.1bлв132.8mлв36.1m20.6x31.8x8.6x
Mon, 23 Dec 2024лв1.2bлв132.8mлв36.1m20.1x32x8.7x
Wed, 20 Nov 2024лв1.1bлв129.6mлв29.3m12.7x38.3x8.7x
Fri, 18 Oct 2024лв1.1bлв125.7mлв24.8m12.5x46.4x9.1x
Sun, 15 Sep 2024лв1.1bлв125.8mлв23.1m12.2x46.4x8.5x
Tue, 13 Aug 2024лв1.0bлв126.1mлв25.8m19.4x39.8x8.2x
Thu, 11 Jul 2024лв997.8mлв127.1mлв26.8m19.5x37.2x7.9x
Sat, 08 Jun 2024лв1.1bлв123.9mлв29.6m19.2x36.7x8.8x
Mon, 06 May 2024лв1.1bлв111.9mлв26.4m14.2x40.9x9.6x
Wed, 03 Apr 2024лв1.1bлв112.1mлв29.3m15.6x37.1x9.7x
Fri, 01 Mar 2024лв1.0bлв112.2mлв22.5m12.7x45.9x9.2x
Sun, 28 Jan 2024лв1.1bлв112.1mлв21.9m11.2x48x9.4x
Tue, 26 Dec 2023лв1.0bлв112.2mлв21.7m8.8x48x9.3x
Thu, 23 Nov 2023лв1.0bлв112.3mлв20.1m12.4x51.9x9.3x
Sat, 21 Oct 2023лв1.0bлв112.9mлв20.8m12.4x50.1x9.2x
Mon, 18 Sep 2023лв1.0bлв109.8mлв21.2m12.7x49.3x9.5x
Wed, 16 Aug 2023лв995.4mлв109.0mлв22.3m19.4x44.6x9.1x
Price to Earnings Ratio

44.6x


Total Market Cap: лв995.4mTotal Earnings: лв22.3mTotal Revenue: лв109.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Capital Markets Industry Price to Earnings3Y Average 39.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Bulgarian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 39.5x.
  • The industry is trading close to its 3-year average PS ratio of 10.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 9.3% 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 industry?

BG Market0.82%
Financials1.24%
Capital Markets1.61%
Financial Exchanges and Data4.46%
Asset Management1.26%
Investment Banking and Brokerage0%0
Industry PE
  • Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 62.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Financial Exchanges and Data industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.4x.
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
HRC HR Capital AD€4.1013.3%
+€4.4m		149.0%PE14.4x
MFG MFG Invest AD€2.1023.5%
+€4.3m		51.0%PE17.8x
BSE Bulgarian Stock Exchange AD€7.504.5%
+€4.2m		63.0%PE13.6x
HREP Republica Holding AD€1.783.5%
+€881.4k		n/an/a
IMP ImPulse Growth AD€0.7915.3%
+€742.0k		3.7%PE7.2x

Latest News

MFG
€2.10
MFG Invest AD
7D
23.5%
1Y
51.0%
NIS
€4.70
Immovable Properties Sofia REIT Sofia
7D
2.2%
1Y
6.9%
GROW
€0.45
IPO Growth JSC
7D
-19.6%
1Y
n/a
IMP
€0.79
ImPulse Growth AD
7D
15.3%
1Y
3.7%
11C
€8.28
Eleven Capital AD
7D
0.5%
1Y
-0.6%
HRC
€4.10
HR Capital AD
7D
13.3%
1Y
149.0%
BSE
€7.50
Bulgarian Stock Exchange AD
7D
4.5%
1Y
63.0%
WIN
€0.53
Webit Investment Network AD
7D
-1.9%
1Y
-19.8%
SNRG
€0.55
Synergon Holding AD
7D
6.9%
1Y
6.6%
HREP
€1.78
Republica Holding AD
7D
3.5%
1Y
n/a
TRIV
€0.81
Transinvestment SPV
7D
-48.9%
1Y
-32.3%