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Bahraini (BAX) Market Analysis & Valuation
UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies33
- 7D-0.07%
- 3M1.2%
- 1Y4.9%
- YTD0.03%
Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 3.4% in that time. Meanwhile, the market is actually up 4.9% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 18 Feb 2026 | ب.د7.8b | ب.د5.3b | ب.د809.4m | 10.6x | 9.6x | 1.5x |
| Fri, 16 Jan 2026 | ب.د7.7b | ب.د5.4b | ب.د843.7m | 9.8x | 9.2x | 1.4x |
| Sun, 14 Dec 2025 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 9.8x | 9.3x | 1.5x |
| Tue, 11 Nov 2025 | ب.د7.8b | ب.د5.3b | ب.د823.7m | 10x | 9.5x | 1.5x |
| Thu, 09 Oct 2025 | ب.د7.1b | ب.د5.4b | ب.د831.1m | 9.7x | 8.5x | 1.3x |
| Sat, 06 Sep 2025 | ب.د7.1b | ب.د5.4b | ب.د837.7m | 9.5x | 8.5x | 1.3x |
| Mon, 04 Aug 2025 | ب.د7.3b | ب.د5.3b | ب.د834.5m | 9.9x | 8.7x | 1.4x |
| Wed, 02 Jul 2025 | ب.د7.3b | ب.د5.3b | ب.د837.6m | 9.6x | 8.7x | 1.4x |
| Fri, 30 May 2025 | ب.د7.2b | ب.د5.3b | ب.د837.6m | 10x | 8.7x | 1.4x |
| Sun, 27 Apr 2025 | ب.د7.2b | ب.د5.1b | ب.د839.4m | 9.6x | 8.5x | 1.4x |
| Tue, 25 Mar 2025 | ب.د7.3b | ب.د5.1b | ب.د837.5m | 9.8x | 8.7x | 1.4x |
| Thu, 20 Feb 2025 | ب.د7.1b | ب.د5.1b | ب.د826.6m | 9.5x | 8.6x | 1.4x |
| Sat, 18 Jan 2025 | ب.د7.0b | ب.د4.7b | ب.د779.4m | 9.7x | 9x | 1.5x |
| Mon, 16 Dec 2024 | ب.د7.4b | ب.د4.9b | ب.د776.9m | 10x | 9.6x | 1.5x |
| Wed, 13 Nov 2024 | ب.د7.5b | ب.د4.9b | ب.د732.9m | 10.9x | 10.2x | 1.5x |
| Fri, 11 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د722.8m | 11.2x | 10.3x | 1.5x |
| Sun, 08 Sep 2024 | ب.د7.2b | ب.د4.9b | ب.د722.7m | 11.2x | 10x | 1.5x |
| Tue, 06 Aug 2024 | ب.د7.2b | ب.د4.8b | ب.د666.8m | 10.5x | 10.8x | 1.5x |
| Thu, 04 Jul 2024 | ب.د7.3b | ب.د4.7b | ب.د643.8m | 11.7x | 11.4x | 1.6x |
| Sat, 01 Jun 2024 | ب.د8.1b | ب.د4.8b | ب.د650.5m | 11.6x | 12.5x | 1.7x |
| Mon, 29 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د642.8m | 11.4x | 12.5x | 1.7x |
| Wed, 27 Mar 2024 | ب.د7.7b | ب.د4.7b | ب.د661.9m | 11.4x | 11.7x | 1.7x |
| Fri, 23 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د663.7m | 11.6x | 11.5x | 1.7x |
| Sun, 21 Jan 2024 | ب.د7.8b | ب.د5.4b | ب.د682.0m | 11.4x | 11.4x | 1.4x |
| Tue, 19 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Thu, 16 Nov 2023 | ب.د7.6b | ب.د5.7b | ب.د787.1m | 11.3x | 9.6x | 1.3x |
| Sat, 14 Oct 2023 | ب.د7.6b | ب.د5.4b | ب.د718.3m | 11.3x | 10.5x | 1.4x |
| Mon, 11 Sep 2023 | ب.د7.4b | ب.د5.4b | ب.د718.3m | 11.7x | 10.4x | 1.4x |
| Wed, 09 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د884.6m | 12.2x | 8.4x | 1.4x |
| Fri, 07 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Sun, 04 Jun 2023 | ب.د7.5b | ب.د5.5b | ب.د874.5m | 11.7x | 8.6x | 1.4x |
| Tue, 02 May 2023 | ب.د7.1b | ب.د5.6b | ب.د1.0b | 10.8x | 7x | 1.3x |
| Thu, 30 Mar 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.9x | 6.9x | 1.2x |
| Sat, 25 Feb 2023 | ب.د7.5b | ب.د5.5b | ب.د1.0b | 10.9x | 7.2x | 1.3x |
Price to Earnings Ratio
7.2x
Current Market PE
- Investors are relatively neutral on the Bahraini 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 9.6x.
Past Earnings Growth
- The earnings for Bahraini listed companies have declined 7.8% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | -0.066% | |
| Real Estate | 3.45% | |
| Materials | 0.91% | |
| Consumer Discretionary | 0.26% | |
| Industrials | -0.039% | |
| Consumer Staples | -0.35% | |
| Financials | -0.39% | |
| Telecom | -0.61% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 12.4x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ALBH Aluminium Bahrain B.S.C | ب.د1.15 | 4.6% +ب.د70.8m | 4.4% | PE7.4x | Materials | |
| SALAM Al Salam Bank B.S.C | ب.د0.24 | 0.8% +ب.د5.8m | 21.8% | PB1x | Financials | |
| ARIG Arab Insurance Group (B.S.C.) | US$0.95 | 5.6% +US$9.9m | 11.8% | PE18.7x | Financials | |
| SEEF Seef Properties B.S.C | ب.د0.12 | 3.4% +ب.د1.8m | 1.7% | PE9.1x | Real Estate | |
| DUTYF Bahrain Duty Free Shop Complex BSC | ب.د0.45 | 1.1% +ب.د711.4k | 8.5% | PE11.2x | Consumer Discretionary |
