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Bahraini (BAX) Market Analysis & Valuation
UpdatedDec 31, 2025
DataAggregated Company Financials
Companies32
- 7D0.6%
- 3M6.6%
- 1Y-0.4%
- YTD1.0%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 6.9% 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, 31 Dec 2025 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 9.9x | 9.3x | 1.5x |
| Fri, 28 Nov 2025 | ب.د7.8b | ب.د5.3b | ب.د841.0m | 9.8x | 9.2x | 1.5x |
| Sun, 26 Oct 2025 | ب.د7.6b | ب.د5.2b | ب.د825.1m | 9.9x | 9.2x | 1.5x |
| Tue, 23 Sep 2025 | ب.د7.1b | ب.د5.4b | ب.د832.0m | 9.4x | 8.5x | 1.3x |
| Thu, 21 Aug 2025 | ب.د7.2b | ب.د5.5b | ب.د837.8m | 9.6x | 8.6x | 1.3x |
| Sat, 19 Jul 2025 | ب.د7.3b | ب.د5.3b | ب.د837.9m | 9.6x | 8.7x | 1.4x |
| Mon, 16 Jun 2025 | ب.د7.0b | ب.د5.3b | ب.د817.8m | 9.7x | 8.5x | 1.3x |
| Wed, 14 May 2025 | ب.د7.2b | ب.د5.2b | ب.د849.2m | 10x | 8.5x | 1.4x |
| Fri, 11 Apr 2025 | ب.د7.2b | ب.د5.1b | ب.د839.3m | 9.4x | 8.6x | 1.4x |
| Sun, 09 Mar 2025 | ب.د7.4b | ب.د5.1b | ب.د837.5m | 10x | 8.9x | 1.5x |
| Tue, 04 Feb 2025 | ب.د6.8b | ب.د4.3b | ب.د789.5m | 9.8x | 8.6x | 1.6x |
| Thu, 02 Jan 2025 | ب.د7.4b | ب.د4.7b | ب.د779.4m | 10x | 9.4x | 1.6x |
| Sat, 30 Nov 2024 | ب.د7.5b | ب.د4.9b | ب.د776.8m | 10.1x | 9.7x | 1.5x |
| Mon, 28 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د721.8m | 11x | 10.3x | 1.5x |
| Wed, 25 Sep 2024 | ب.د7.5b | ب.د4.8b | ب.د716.4m | 11.1x | 10.4x | 1.6x |
| Fri, 23 Aug 2024 | ب.د7.2b | ب.د4.9b | ب.د722.7m | 11x | 9.9x | 1.5x |
| Sun, 21 Jul 2024 | ب.د7.2b | ب.د4.7b | ب.د643.8m | 11.7x | 11.2x | 1.5x |
| Tue, 18 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د649.0m | 11.7x | 12.5x | 1.7x |
| Thu, 16 May 2024 | ب.د8.0b | ب.د4.8b | ب.د669.4m | 11.4x | 12x | 1.7x |
| Sat, 13 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د642.9m | 11.4x | 12.6x | 1.7x |
| Mon, 11 Mar 2024 | ب.د7.5b | ب.د4.7b | ب.د660.0m | 11.4x | 11.4x | 1.6x |
| Wed, 07 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د652.2m | 11.4x | 11.7x | 1.7x |
| Fri, 05 Jan 2024 | ب.د7.7b | ب.د5.4b | ب.د681.6m | 11.6x | 11.4x | 1.4x |
| Sun, 03 Dec 2023 | ب.د7.6b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Tue, 31 Oct 2023 | ب.د7.5b | ب.د5.4b | ب.د723.9m | 11.3x | 10.4x | 1.4x |
| Thu, 28 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.6x | 10.5x | 1.4x |
| Sat, 26 Aug 2023 | ب.د7.5b | ب.د5.4b | ب.د718.8m | 11.6x | 10.4x | 1.4x |
| Mon, 24 Jul 2023 | ب.د7.4b | ب.د5.2b | ب.د884.4m | 12x | 8.4x | 1.4x |
| Wed, 21 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د884.5m | 12x | 8.3x | 1.4x |
| Fri, 19 May 2023 | ب.د7.4b | ب.د5.6b | ب.د941.6m | 11.2x | 7.9x | 1.3x |
| Sun, 16 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.7x | 6.9x | 1.2x |
| Tue, 14 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د1.0b | 10.8x | 7.3x | 1.3x |
| Thu, 09 Feb 2023 | ب.د7.5b | ب.د5.6b | ب.د1.1b | 10.9x | 6.9x | 1.3x |
| Sat, 07 Jan 2023 | ب.د7.2b | ب.د5.7b | ب.د1.2b | 11.1x | 5.9x | 1.3x |
Price to Earnings Ratio
5.9x
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 9.5x.
Past Earnings Growth
- The earnings for companies in the Bahraini industry have declined 12% per year over the last three years.
- Revenues have also declined 2.1% 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 Bahraini Market?
| BH Market | 0.61% | |
| Consumer Discretionary | 2.07% | |
| Materials | 1.00% | |
| Telecom | 0.95% | |
| Financials | 0.36% | |
| Industrials | 0% | 0 |
| Consumer Staples | 0% | 0 |
| Real Estate | -2.54% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 12.3x.
- 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 11.7x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 9.6% over the next 5 years.
- This is better than its past earnings growth rate of 6.3% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 2.2% 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.د1.11 | 0.5% +ب.د7.1m | -15.0% | PE10.6x | Materials | |
| BMMI BMMI B.S.C | ب.د0.53 | 9.5% +ب.د6.5m | 17.8% | PE11x | Consumer Discretionary | |
| NBB National Bank of Bahrain B.S.C | ب.د0.51 | 0.4% +ب.د4.5m | 3.3% | PB2x | Financials | |
| BEYON Beyon B.S.C | ب.د0.48 | 0.4% +ب.د3.3m | -3.0% | PE11.6x | Telecom | |
| ZAINBH Zain Bahrain B.S.C | ب.د0.12 | 2.5% +ب.د1.1m | 7.9% | PE7.4x | Telecom |
