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Bahraini (BAX) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies29
  • 7D-2.2%
  • 3M2.7%
  • 1Y-5.1%
  • YTD-1.2%

Over the last 7 days, the market has dropped 2.2%, driven by a decline of 5.4% in the Materials sector. The market has dropped 5.1% in the last year. As for the next few years, earnings are expected to grow by 6.7% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025ب.د7.7bب.د5.4bب.د838.9m9.9x9.2x1.4x
Mon, 20 Oct 2025ب.د7.1bب.د5.2bب.د834.9m9.8x8.5x1.4x
Wed, 17 Sep 2025ب.د7.1bب.د5.4bب.د832.0m9.5x8.5x1.3x
Fri, 15 Aug 2025ب.د7.2bب.د5.5bب.د803.2m10.1x9x1.3x
Sun, 13 Jul 2025ب.د7.3bب.د5.3bب.د837.9m9.6x8.7x1.4x
Tue, 10 Jun 2025ب.د7.3bب.د5.3bب.د837.6m10.1x8.7x1.4x
Thu, 08 May 2025ب.د7.2bب.د5.2bب.د839.6m9.8x8.6x1.4x
Sat, 05 Apr 2025ب.د7.3bب.د5.1bب.د839.6m9.7x8.7x1.4x
Mon, 03 Mar 2025ب.د7.4bب.د5.1bب.د836.3m9.8x8.9x1.4x
Wed, 29 Jan 2025ب.د7.0bب.د4.7bب.د778.2m9.7x8.9x1.5x
Fri, 27 Dec 2024ب.د7.4bب.د4.7bب.د779.4m9.9x9.4x1.6x
Sun, 24 Nov 2024ب.د7.5bب.د4.8bب.د766.1m10x9.8x1.6x
Tue, 22 Oct 2024ب.د7.4bب.د4.9bب.د721.8m11x10.3x1.5x
Thu, 19 Sep 2024ب.د7.5bب.د4.8bب.د716.4m11x10.4x1.6x
Sat, 17 Aug 2024ب.د7.2bب.د4.9bب.د717.1m11.2x10.1x1.5x
Mon, 15 Jul 2024ب.د7.2bب.د4.7bب.د643.8m11.7x11.2x1.5x
Wed, 12 Jun 2024ب.د8.1bب.د4.7bب.د649.0m11.7x12.5x1.7x
Fri, 10 May 2024ب.د8.1bب.د4.7bب.د640.6m11.7x12.6x1.7x
Sun, 07 Apr 2024ب.د8.0bب.د4.7bب.د644.8m11.4x12.4x1.7x
Tue, 05 Mar 2024ب.د7.4bب.د4.7bب.د658.5m11.4x11.3x1.6x
Thu, 01 Feb 2024ب.د8.1bب.د5.6bب.د762.0m11.4x10.6x1.4x
Sat, 30 Dec 2023ب.د7.7bب.د5.4bب.د681.6m11.6x11.3x1.4x
Mon, 27 Nov 2023ب.د7.6bب.د5.4bب.د681.6m11.6x11.2x1.4x
Wed, 25 Oct 2023ب.د7.5bب.د5.4bب.د718.3m11.4x10.5x1.4x
Fri, 22 Sep 2023ب.د7.5bب.د5.4bب.د718.3m11.6x10.4x1.4x
Sun, 20 Aug 2023ب.د7.5bب.د5.6bب.د875.8m11.5x8.6x1.3x
Tue, 18 Jul 2023ب.د7.4bب.د5.2bب.د884.4m12x8.3x1.4x
Thu, 15 Jun 2023ب.د7.3bب.د5.2bب.د884.7m11.9x8.3x1.4x
Sat, 13 May 2023ب.د7.3bب.د5.6bب.د914.0m11.9x8x1.3x
Mon, 10 Apr 2023ب.د7.0bب.د5.6bب.د1.0b10.7x6.9x1.2x
Wed, 08 Mar 2023ب.د7.4bب.د5.6bب.د1.0b11x7.4x1.3x
Fri, 03 Feb 2023ب.د7.4bب.د5.7bب.د1.2b10.9x6x1.3x
Sun, 01 Jan 2023ب.د7.2bب.د5.7bب.د1.2b11.2x5.9x1.3x
Tue, 29 Nov 2022ب.د7.0bب.د5.7bب.د1.2b11x5.7x1.2x
Price to Earnings Ratio

5.7x


Total Market Cap: ب.د7.0bTotal 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 Bahraini listed companies have declined 12% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Bahraini Market?

BH Market-2.18%
Consumer Staples0%0
Industrials-0.066%
Telecom-0.76%
Consumer Discretionary-1.17%
Financials-1.37%
Materials-5.36%
Real Estate-5.93%
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 Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 11% 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
ITHMR Ithmaar Holding B.S.CUS$0.03620.0%
+US$17.5m		n/aPB7xFinancials
SOLID Solidarity Bahrain B.S.Cب.د0.457.1%
+ب.د5.1m		59.4%PE7.5xFinancials
KHALEEJI Khaleeji Bank B.S.Cب.د0.0813.8%
+ب.د3.2m		n/aPB0.7xFinancials
BNH Bahrain National Holding Company B.S.Cب.د0.512.0%
+ب.د1.2m		0.8%PE2.1xFinancials
ESTERAD Esterad Investment Company BSCب.د0.203.2%
+ب.د969.2k		-14.2%PE4.9xFinancials
See more

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BNH
ب.د0.51
Bahrain National Holding Company B.S.C
7D
2.0%
1Y
0.8%
SOLID
ب.د0.45
Solidarity Bahrain B.S.C
7D
7.1%
1Y
59.4%
KHALEEJI
ب.د0.081
Khaleeji Bank B.S.C
7D
3.8%
1Y
n/a
ESTERAD
ب.د0.20
Esterad Investment Company BSC
7D
3.2%
1Y
-14.2%
SALAM
ب.د0.22
Al Salam Bank B.S.C
7D
-4.4%
1Y
14.8%
NBB
ب.د0.51
National Bank of Bahrain B.S.C
7D
-0.8%
1Y
2.2%
SEEF
ب.د0.11
Seef Properties B.S.C
7D
-5.9%
1Y
0.9%
ALBH
ب.د1.04
Aluminium Bahrain B.S.C
7D
-5.4%
1Y
-24.6%
BISB
ب.د0.08
Bahrain Islamic Bank B.S.C
7D
-3.6%
1Y
37.9%
BEYON
ب.د0.48
Beyon B.S.C
7D
-0.8%
1Y
-3.0%
BBK
ب.د0.51
Bank of Bahrain and Kuwait B.S.C
7D
-2.9%
1Y
2.0%
DUTYF
ب.د0.41
Bahrain Duty Free Shop Complex BSC
7D
-4.7%
1Y
n/a
ITHMR
US$0.036
Ithmaar Holding B.S.C
7D
20.0%
1Y
n/a