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Bahraini (BAX) Market Analysis & Valuation
UpdatedMay 20, 2026
DataAggregated Company Financials
Companies29
- 7D0.03%
- 3M-9.0%
- 1Y-4.4%
- YTD-7.9%
The market has been flat over the last week. Unfortunately though, the market is down 4.4% over the past year. As for the next few years, earnings are expected to grow by 5.8% per annum.
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, 20 May 2026 | ب.د6.8b | ب.د5.1b | ب.د915.0m | 11.6x | 7.4x | 1.3x |
| Fri, 17 Apr 2026 | ب.د7.3b | ب.د5.0b | ب.د891.6m | 9.7x | 8.2x | 1.4x |
| Sun, 15 Mar 2026 | ب.د7.3b | ب.د5.0b | ب.د891.9m | 9.6x | 8.2x | 1.5x |
| Tue, 10 Feb 2026 | ب.د7.8b | ب.د5.4b | ب.د844.3m | 9.9x | 9.2x | 1.4x |
| Thu, 08 Jan 2026 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 9.9x | 9.3x | 1.5x |
| Sat, 06 Dec 2025 | ب.د7.8b | ب.د5.3b | ب.د841.0m | 9.9x | 9.2x | 1.5x |
| Mon, 03 Nov 2025 | ب.د7.8b | ب.د5.3b | ب.د826.2m | 10x | 9.5x | 1.5x |
| Wed, 01 Oct 2025 | ب.د7.1b | ب.د5.4b | ب.د832.0m | 9.5x | 8.5x | 1.3x |
| Fri, 29 Aug 2025 | ب.د7.1b | ب.د5.5b | ب.د837.8m | 9.6x | 8.5x | 1.3x |
| Sun, 27 Jul 2025 | ب.د7.2b | ب.د5.3b | ب.د837.5m | 9.7x | 8.7x | 1.4x |
| Tue, 24 Jun 2025 | ب.د7.1b | ب.د5.3b | ب.د837.6m | 9.5x | 8.4x | 1.3x |
| Thu, 22 May 2025 | ب.د7.2b | ب.د5.3b | ب.د835.1m | 9.8x | 8.7x | 1.4x |
| Sat, 19 Apr 2025 | ب.د7.2b | ب.د5.1b | ب.د838.9m | 9.4x | 8.6x | 1.4x |
| Mon, 17 Mar 2025 | ب.د7.4b | ب.د5.1b | ب.د837.5m | 9.9x | 8.8x | 1.4x |
| Wed, 12 Feb 2025 | ب.د7.0b | ب.د4.5b | ب.د831.9m | 9.6x | 8.4x | 1.5x |
| Fri, 10 Jan 2025 | ب.د7.3b | ب.د4.7b | ب.د779.4m | 9.9x | 9.4x | 1.6x |
| Sun, 08 Dec 2024 | ب.د7.5b | ب.د4.9b | ب.د776.9m | 10x | 9.7x | 1.5x |
| Tue, 05 Nov 2024 | ب.د7.5b | ب.د4.9b | ب.د735.4m | 10.9x | 10.2x | 1.5x |
| Thu, 03 Oct 2024 | ب.د7.5b | ب.د4.9b | ب.د722.8m | 11.2x | 10.3x | 1.5x |
| Sat, 31 Aug 2024 | ب.د7.2b | ب.د4.9b | ب.د722.7m | 11.1x | 10x | 1.5x |
| Mon, 29 Jul 2024 | ب.د7.3b | ب.د4.8b | ب.د664.9m | 10.9x | 11x | 1.5x |
| Wed, 26 Jun 2024 | ب.د8.1b | ب.د4.8b | ب.د650.3m | 11x | 12.5x | 1.7x |
| Fri, 24 May 2024 | ب.د8.1b | ب.د4.8b | ب.د646.9m | 11.5x | 12.5x | 1.7x |
| Sun, 21 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د642.9m | 11.6x | 12.6x | 1.7x |
| Tue, 19 Mar 2024 | ب.د7.6b | ب.د4.7b | ب.د660.0m | 11x | 11.5x | 1.6x |
| Thu, 15 Feb 2024 | ب.د7.8b | ب.د4.6b | ب.د657.7m | 11.6x | 11.8x | 1.7x |
| Sat, 13 Jan 2024 | ب.د7.8b | ب.د5.4b | ب.د681.6m | 11.6x | 11.4x | 1.4x |
| Mon, 11 Dec 2023 | ب.د7.7b | ب.د5.4b | ب.د681.6m | 11.5x | 11.2x | 1.4x |
| Wed, 08 Nov 2023 | ب.د7.5b | ب.د5.4b | ب.د728.7m | 11.1x | 10.2x | 1.4x |
| Fri, 06 Oct 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.5x | 10.5x | 1.4x |
| Sun, 03 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.6x | 10.4x | 1.4x |
| Tue, 01 Aug 2023 | ب.د7.5b | ب.د5.2b | ب.د884.6m | 12.3x | 8.4x | 1.4x |
| Thu, 29 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Sat, 27 May 2023 | ب.د7.5b | ب.د5.5b | ب.د874.5m | 11.7x | 8.6x | 1.4x |
Price to Earnings Ratio
8.6x
Current Market PE
- Investors are pessimistic on the Bahraini market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 9.7x.
Past Earnings Growth
- The earnings for Bahraini listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have declined 2.5% per year.
- This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.
Sector Trends
Which sectors have driven the changes within the Bahraini Market?
| BH Market | 0.033% | |
| Industrials | 0.35% | |
| Materials | 0.13% | |
| Financials | 0.083% | |
| Consumer Staples | 0% | 0 |
| Consumer Discretionary | -0.044% | |
| Telecom | -0.23% | |
| Real Estate | -1.19% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 14.0x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Materials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 5.0% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 9.8% 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 | |
|---|---|---|---|---|---|---|
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.56 | 2.0% +ب.د19.8m | 11.0% | PB1.7x | Financials | |
| NBB National Bank of Bahrain B.S.C | ب.د0.50 | 0.2% +ب.د2.3m | -0.2% | PB2.2x | Financials | |
| NHOTEL National Hotels Company B.S.C | ب.د0.28 | 3.7% +ب.د1.2m | 21.7% | PE12.3x | Consumer Discretionary | |
| ESTERAD Esterad Investment Company BSC | ب.د0.21 | 2.4% +ب.د807.5k | -6.7% | PE5.3x | Financials | |
| CINECO Bahrain Cinema Company B.S.C | ب.د0.20 | 1.0% +ب.د152.3k | 1.0% | PE18.2x | Telecom |
