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Bahraini (BAX) Market Analysis & Valuation
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies32
- 7D0.5%
- 3M6.6%
- 1Y-1.4%
- YTD0.5%
The market has stayed flat over the 7 days. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 7.1% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Mon, 23 Jan 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 11x | 6x | 1.3x |
| Wed, 21 Dec 2022 | ب.د7.0b | ب.د5.7b | ب.د1.2b | 10.9x | 5.7x | 1.2x |
Price to Earnings Ratio
5.7x
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 2.1% 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 | 0.46% | |
| Real Estate | 2.59% | |
| Materials | 1.40% | |
| Industrials | 0.81% | |
| Consumer Discretionary | 0.79% | |
| Financials | 0.15% | |
| Consumer Staples | 0% | 0 |
| Telecom | -0.0052% | |
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 11.9x.
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ALBH Aluminium Bahrain B.S.C | ب.د1.09 | 1.4% +ب.د21.2m | -19.3% | PE10.5x | Materials | |
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.52 | 0.8% +ب.د7.2m | 7.6% | PB1.5x | Financials | |
| SALAM Al Salam Bank B.S.C | ب.د0.23 | 0.4% +ب.د2.9m | 20.3% | PB1x | Financials | |
| NBB National Bank of Bahrain B.S.C | ب.د0.51 | 0.2% +ب.د2.3m | 4.1% | PB2x | Financials | |
| DUTYF Bahrain Duty Free Shop Complex BSC | ب.د0.46 | 3.4% +ب.د2.1m | 13.8% | PE12.8x | Consumer Discretionary |
