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Bahraini (BAX) Market Analysis & Valuation

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies30
  • 7D0.4%
  • 3M4.5%
  • 1Y-3.4%
  • YTD0.07%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 3.8% in that time. The past year hasn't been profitable, with the market dropping 3.4%. Looking forward, earnings are forecast to grow by 7.1% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025ب.د7.8bب.د5.3bب.د841.0m9.9x9.2x1.5x
Mon, 03 Nov 2025ب.د7.8bب.د5.3bب.د826.2m10x9.5x1.5x
Wed, 01 Oct 2025ب.د7.1bب.د5.4bب.د832.0m9.5x8.5x1.3x
Fri, 29 Aug 2025ب.د7.1bب.د5.5bب.د837.8m9.6x8.5x1.3x
Sun, 27 Jul 2025ب.د7.2bب.د5.3bب.د837.5m9.7x8.7x1.4x
Tue, 24 Jun 2025ب.د7.1bب.د5.3bب.د837.6m9.5x8.4x1.3x
Thu, 22 May 2025ب.د7.2bب.د5.3bب.د835.1m9.8x8.7x1.4x
Sat, 19 Apr 2025ب.د7.2bب.د5.1bب.د838.9m9.4x8.6x1.4x
Mon, 17 Mar 2025ب.د7.4bب.د5.1bب.د837.5m9.9x8.8x1.4x
Wed, 12 Feb 2025ب.د7.0bب.د4.5bب.د831.9m9.6x8.4x1.5x
Fri, 10 Jan 2025ب.د7.3bب.د4.7bب.د779.4m9.9x9.4x1.6x
Sun, 08 Dec 2024ب.د7.5bب.د4.9bب.د776.9m10x9.7x1.5x
Tue, 05 Nov 2024ب.د7.5bب.د4.9bب.د735.4m10.9x10.2x1.5x
Thu, 03 Oct 2024ب.د7.5bب.د4.9bب.د722.8m11.2x10.3x1.5x
Sat, 31 Aug 2024ب.د7.2bب.د4.9bب.د722.7m11.1x10x1.5x
Mon, 29 Jul 2024ب.د7.3bب.د4.8bب.د664.9m10.9x11x1.5x
Wed, 26 Jun 2024ب.د8.1bب.د4.8bب.د650.3m11x12.5x1.7x
Fri, 24 May 2024ب.د8.1bب.د4.8bب.د646.9m11.5x12.5x1.7x
Sun, 21 Apr 2024ب.د8.1bب.د4.7bب.د642.9m11.6x12.6x1.7x
Tue, 19 Mar 2024ب.د7.6bب.د4.7bب.د660.0m11x11.5x1.6x
Thu, 15 Feb 2024ب.د7.8bب.د4.6bب.د657.7m11.6x11.8x1.7x
Sat, 13 Jan 2024ب.د7.8bب.د5.4bب.د681.6m11.6x11.4x1.4x
Mon, 11 Dec 2023ب.د7.7bب.د5.4bب.د681.6m11.5x11.2x1.4x
Wed, 08 Nov 2023ب.د7.5bب.د5.4bب.د728.7m11.1x10.2x1.4x
Fri, 06 Oct 2023ب.د7.5bب.د5.4bب.د718.3m11.5x10.5x1.4x
Sun, 03 Sep 2023ب.د7.5bب.د5.4bب.د718.3m11.6x10.4x1.4x
Tue, 01 Aug 2023ب.د7.5bب.د5.2bب.د884.6m12.3x8.4x1.4x
Thu, 29 Jun 2023ب.د7.3bب.د5.2bب.د884.4m12x8.3x1.4x
Sat, 27 May 2023ب.د7.5bب.د5.5bب.د874.5m11.7x8.6x1.4x
Mon, 24 Apr 2023ب.د7.0bب.د5.6bب.د1.0b10.8x6.9x1.2x
Wed, 22 Mar 2023ب.د7.3bب.د5.6bب.د1.0b10.8x7.2x1.3x
Fri, 17 Feb 2023ب.د7.5bب.د5.7bب.د1.1b10.9x6.7x1.3x
Sun, 15 Jan 2023ب.د7.2bب.د5.7bب.د1.2b11.1x5.9x1.3x
Tue, 13 Dec 2022ب.د6.9bب.د5.7bب.د1.2b10.9x5.6x1.2x
Price to Earnings Ratio

5.6x


Total Market Cap: ب.د6.9bTotal Earnings: ب.د1.2bTotal Revenue: ب.د5.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Bahraini Market Price to Earnings3Y Average 9.4x202320242025
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 9.4x.
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 2.2% 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 Market0.38%
Consumer Staples3.79%
Real Estate2.65%
Consumer Discretionary1.97%
Industrials1.33%
Telecom0.58%
Materials0.47%
Financials0.12%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 12.2x.
    • 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 11.9x.
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 2.6% per year 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.د0.510.8%
+ب.د9.0m		2.8%PB2xFinancials
ALBH Aluminium Bahrain B.S.Cب.د1.080.5%
+ب.د7.1m		-23.5%PE10.4xMaterials
SALAM Al Salam Bank B.S.Cب.د0.220.9%
+ب.د5.7m		18.6%PB1xFinancials
BEYON Beyon B.S.Cب.د0.480.6%
+ب.د5.0m		-3.6%PE11.6xTelecom
DUTYF Bahrain Duty Free Shop Complex BSCب.د0.446.0%
+ب.د3.6m		7.8%PE12.4xConsumer Discretionary
See more

Market Insights

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Richard Bowman
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KHALEEJI
ب.د0.083
Khaleeji Bank B.S.C
7D
2.5%
1Y
5.1%
ESTERAD
ب.د0.19
Esterad Investment Company BSC
7D
-3.6%
1Y
-10.3%
BBK
ب.د0.52
Bank of Bahrain and Kuwait B.S.C
7D
-0.8%
1Y
5.7%
BFM
ب.د0.37
Bahrain Flour Mills Company B.S.C
7D
-2.6%
1Y
n/a
DUTYF
ب.د0.44
Bahrain Duty Free Shop Complex BSC
7D
6.0%
1Y
7.8%
SOLID
ب.د0.42
Solidarity Bahrain B.S.C
7D
2.4%
1Y
48.8%
UGH
ب.د0.88
United Gulf Holding Company B.S.C
7D
-0.2%
1Y
n/a
SALAM
ب.د0.22
Al Salam Bank B.S.C
7D
0.9%
1Y
18.6%
ABC
US$0.34
Arab Banking Corporation (B.S.C.)
7D
-0.9%
1Y
1.5%
NBB
ب.د0.51
National Bank of Bahrain B.S.C
7D
0.8%
1Y
2.8%
ALBH
ب.د1.08
Aluminium Bahrain B.S.C
7D
0.5%
1Y
-23.5%
BISB
ب.د0.08
Bahrain Islamic Bank B.S.C
7D
-1.2%
1Y
35.6%
BEYON
ب.د0.48
Beyon B.S.C
7D
0.6%
1Y
-3.6%
APMTB
ب.د1.11
APM Terminals Bahrain B.S.C
7D
1.8%
1Y
-4.7%