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Bahraini (BAX) Market Analysis & Valuation

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies29
  • 7D0.1%
  • 3M-6.2%
  • 1Y-1.6%
  • YTD-6.0%

The Real Estate sector gained 4.2% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 6.5% annually.

Market Valuation and Performance

Has the Bahraini Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026ب.د6.9bب.د5.0bب.د899.5m10.2x7.7x1.4x
Sat, 28 Mar 2026ب.د7.2bب.د5.1bب.د891.7m9.5x8.1x1.4x
Mon, 23 Feb 2026ب.د7.8bب.د5.5bب.د891.1m10.6x8.8x1.4x
Wed, 21 Jan 2026ب.د7.7bب.د5.4bب.د843.7m9.8x9.2x1.4x
Fri, 19 Dec 2025ب.د7.8bب.د5.4bب.د841.8m10x9.3x1.5x
Sun, 16 Nov 2025ب.د7.8bب.د5.4bب.د843.2m10x9.3x1.4x
Tue, 14 Oct 2025ب.د7.1bب.د5.4bب.د831.1m9.7x8.5x1.3x
Thu, 11 Sep 2025ب.د7.1bب.د5.4bب.د837.7m9.5x8.5x1.3x
Sat, 09 Aug 2025ب.د7.2bب.د5.4bب.د795.9m10.1x9.1x1.3x
Mon, 07 Jul 2025ب.د7.3bب.د5.3bب.د837.6m9.6x8.7x1.4x
Wed, 04 Jun 2025ب.د7.2bب.د5.3bب.د837.6m10x8.7x1.4x
Fri, 02 May 2025ب.د7.2bب.د5.1bب.د839.5m9.8x8.6x1.4x
Sun, 30 Mar 2025ب.د7.3bب.د5.1bب.د839.6m9.8x8.7x1.4x
Tue, 25 Feb 2025ب.د7.3bب.د5.2bب.د844.8m9.3x8.6x1.4x
Thu, 23 Jan 2025ب.د7.0bب.د4.7bب.د779.4m9.7x9x1.5x
Sat, 21 Dec 2024ب.د7.4bب.د4.9bب.د775.9m10.1x9.6x1.5x
Mon, 18 Nov 2024ب.د7.6bب.د4.9bب.د760.0m10.5x10x1.6x
Wed, 16 Oct 2024ب.د7.4bب.د4.9bب.د722.8m11.1x10.3x1.5x
Fri, 13 Sep 2024ب.د7.1bب.د4.8bب.د716.4m11.1x10x1.5x
Sun, 11 Aug 2024ب.د7.1bب.د4.8bب.د667.8m11.4x10.6x1.5x
Tue, 09 Jul 2024ب.د7.3bب.د4.7bب.د643.8m11.7x11.3x1.5x
Thu, 06 Jun 2024ب.د8.1bب.د4.7bب.د649.0m11.7x12.5x1.7x
Sat, 04 May 2024ب.د8.1bب.د4.7bب.د642.8m11.4x12.5x1.7x
Mon, 01 Apr 2024ب.د8.1bب.د4.7bب.د644.8m11.4x12.5x1.7x
Wed, 28 Feb 2024ب.د7.6bب.د4.6bب.د664.2m11.7x11.5x1.7x
Fri, 26 Jan 2024ب.د7.9bب.د5.4bب.د682.0m11.4x11.5x1.4x
Sun, 24 Dec 2023ب.د7.5bب.د5.4bب.د681.6m11.4x11.1x1.4x
Tue, 21 Nov 2023ب.د7.6bب.د5.4bب.د682.2m11.5x11.1x1.4x
Thu, 19 Oct 2023ب.د7.6bب.د5.4bب.د718.3m11.4x10.5x1.4x
Sat, 16 Sep 2023ب.د7.4bب.د5.4bب.د718.3m11.7x10.3x1.4x
Mon, 14 Aug 2023ب.د7.4bب.د5.2bب.د887.0m11.7x8.3x1.4x
Wed, 12 Jul 2023ب.د7.3bب.د5.2bب.د884.4m12x8.3x1.4x
Fri, 09 Jun 2023ب.د7.3bب.د5.2bب.د890.0m11.8x8.3x1.4x
Sun, 07 May 2023ب.د7.1bب.د5.6bب.د910.9m11.3x7.8x1.3x
Price to Earnings Ratio

7.8x


Total Market Cap: ب.د7.1bTotal Earnings: ب.د910.9mTotal Revenue: ب.د5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Bahraini Market Price to Earnings3Y Average 9.7x202420252026
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 7.7x 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 3.2% 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 Market0.099%
Real Estate4.21%
Financials1.33%
Consumer Discretionary0.94%
Telecom0.044%
Consumer Staples0%0
Industrials-1.46%
Materials-3.50%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 13.9x.
    • 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 10.0% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Materials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
NBB National Bank of Bahrain B.S.Cب.د0.492.7%
+ب.د29.3m		0.2%PB1.9xFinancials
SALAM Al Salam Bank B.S.Cب.د0.223.3%
+ب.د21.9m		10.6%PB1xFinancials
BBK Bank of Bahrain and Kuwait B.S.Cب.د0.540.9%
+ب.د9.0m		9.1%PB1.5xFinancials
BNH Bahrain National Holding Company B.S.Cب.د0.557.6%
+ب.د4.6m		5.6%PE2.4xFinancials
ESTERAD Esterad Investment Company BSCب.د0.217.7%
+ب.د2.4m		-12.5%PE5xFinancials
See more

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BBK
ب.د0.54
Bank of Bahrain and Kuwait B.S.C
7D
0.9%
1Y
9.1%
BCFC
ب.د0.24
Bahrain Commercial Facilities Company BSC
7D
1.7%
1Y
n/a
SALAM
ب.د0.22
Al Salam Bank B.S.C
7D
3.3%
1Y
10.6%
BKIC
ب.د0.41
Bahrain Kuwait Insurance Company B.S.C
7D
-1.7%
1Y
13.4%
BMMI
ب.د0.55
BMMI B.S.C
7D
1.9%
1Y
31.0%
BISB
ب.د0.075
Bahrain Islamic Bank B.S.C
7D
-1.3%
1Y
-5.1%
ESTERAD
ب.د0.21
Esterad Investment Company BSC
7D
7.7%
1Y
-12.5%
SOLID
ب.د0.41
Solidarity Bahrain B.S.C
7D
-4.4%
1Y
14.2%
BNH
ب.د0.55
Bahrain National Holding Company B.S.C
7D
7.6%
1Y
5.6%
GHG
ب.د0.36
Gulf Hotels Group B.S.C
7D
-0.3%
1Y
-1.6%
NBB
ب.د0.49
National Bank of Bahrain B.S.C
7D
2.7%
1Y
0.2%
SEEF
ب.د0.15
Seef Properties B.S.C
7D
-4.6%
1Y
19.7%
DUTYF
ب.د0.39
Bahrain Duty Free Shop Complex BSC
7D
2.3%
1Y
-7.3%
ALBH
ب.د0.88
Aluminium Bahrain B.S.C
7D
-2.9%
1Y
-10.7%