Have your own idea? Try our Stock Screener
Bahraini (BAX) Market Analysis & Valuation
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies32
- 7D-0.2%
- 3M1.2%
- 1Y1.5%
- YTD0.4%
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. As for the next few years, earnings are expected to grow by 6.0% per annum.
Market Valuation and Performance
Has the Bahraini Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | ب.د7.8b | ب.د5.5b | ب.د894.1m | 10.1x | 8.7x | 1.4x |
| Mon, 26 Jan 2026 | ب.د7.8b | ب.د5.4b | ب.د843.7m | 9.8x | 9.2x | 1.4x |
| Wed, 24 Dec 2025 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 9.9x | 9.3x | 1.5x |
| Fri, 21 Nov 2025 | ب.د7.7b | ب.د5.3b | ب.د839.0m | 9.6x | 9.1x | 1.4x |
| Sun, 19 Oct 2025 | ب.د7.1b | ب.د5.2b | ب.د834.9m | 9.7x | 8.5x | 1.4x |
| Tue, 16 Sep 2025 | ب.د7.1b | ب.د5.4b | ب.د837.7m | 9.5x | 8.4x | 1.3x |
| Thu, 14 Aug 2025 | ب.د7.2b | ب.د5.5b | ب.د806.2m | 10.4x | 9x | 1.3x |
| Sat, 12 Jul 2025 | ب.د7.3b | ب.د5.3b | ب.د837.9m | 9.6x | 8.7x | 1.4x |
| Mon, 09 Jun 2025 | ب.د7.3b | ب.د5.3b | ب.د837.6m | 10.1x | 8.7x | 1.4x |
| Wed, 07 May 2025 | ب.د7.2b | ب.د5.2b | ب.د839.6m | 9.6x | 8.6x | 1.4x |
| Fri, 04 Apr 2025 | ب.د7.3b | ب.د5.1b | ب.د839.6m | 9.7x | 8.7x | 1.4x |
| Sun, 02 Mar 2025 | ب.د7.4b | ب.د5.1b | ب.د836.3m | 9.8x | 8.8x | 1.4x |
| Tue, 28 Jan 2025 | ب.د6.9b | ب.د4.7b | ب.د778.2m | 9.7x | 8.9x | 1.5x |
| Thu, 26 Dec 2024 | ب.د7.4b | ب.د4.7b | ب.د779.4m | 9.9x | 9.4x | 1.6x |
| Sat, 23 Nov 2024 | ب.د7.5b | ب.د4.8b | ب.د759.2m | 10.1x | 9.9x | 1.6x |
| Mon, 21 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د721.8m | 11x | 10.2x | 1.5x |
| Wed, 18 Sep 2024 | ب.د7.4b | ب.د4.8b | ب.د716.4m | 11.1x | 10.3x | 1.6x |
| Fri, 16 Aug 2024 | ب.د7.2b | ب.د4.9b | ب.د716.6m | 11.2x | 10.1x | 1.5x |
| Sun, 14 Jul 2024 | ب.د7.3b | ب.د4.7b | ب.د643.8m | 11.7x | 11.3x | 1.5x |
| Tue, 11 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د648.9m | 11.7x | 12.5x | 1.7x |
| Thu, 09 May 2024 | ب.د8.1b | ب.د4.7b | ب.د642.3m | 11.7x | 12.6x | 1.7x |
| Sat, 06 Apr 2024 | ب.د8.0b | ب.د4.7b | ب.د644.8m | 11.4x | 12.4x | 1.7x |
| Mon, 04 Mar 2024 | ب.د7.5b | ب.د4.7b | ب.د658.5m | 11.4x | 11.4x | 1.6x |
| Wed, 31 Jan 2024 | ب.د8.1b | ب.د5.6b | ب.د762.0m | 11.4x | 10.6x | 1.4x |
| Fri, 29 Dec 2023 | ب.د7.7b | ب.د5.4b | ب.د681.6m | 11.6x | 11.3x | 1.4x |
| Sun, 26 Nov 2023 | ب.د7.6b | ب.د5.4b | ب.د681.6m | 11.6x | 11.2x | 1.4x |
| Tue, 24 Oct 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.4x | 10.5x | 1.4x |
| Thu, 21 Sep 2023 | ب.د7.5b | ب.د5.4b | ب.د718.3m | 11.6x | 10.4x | 1.4x |
| Sat, 19 Aug 2023 | ب.د7.5b | ب.د5.6b | ب.د875.8m | 11.5x | 8.6x | 1.3x |
| Mon, 17 Jul 2023 | ب.د7.4b | ب.د5.2b | ب.د884.4m | 12.1x | 8.3x | 1.4x |
| Wed, 14 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د884.7m | 11.9x | 8.3x | 1.4x |
| Fri, 12 May 2023 | ب.د7.3b | ب.د5.6b | ب.د917.4m | 11.9x | 8x | 1.3x |
| Sun, 09 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.7x | 6.9x | 1.2x |
| Tue, 07 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د1.0b | 11x | 7.4x | 1.3x |
Price to Earnings Ratio
7.4x
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 9.7x.
Past Earnings Growth
- The earnings for Bahraini listed companies have declined 3.9% 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 | -0.23% | |
| Consumer Discretionary | 2.96% | |
| Financials | 0.58% | |
| Industrials | 0.035% | |
| Telecom | -0.21% | |
| Consumer Staples | -0.21% | |
| Real Estate | -0.83% | |
| Materials | -2.83% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading close to its 3-year average PE ratio of 12.4x.
- 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 10.2x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings growth rate of 3.9% per year.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.53 | 2.3% +ب.د21.7m | 7.6% | PB1.4x | Financials | |
| ABC Arab Banking Corporation (B.S.C.) | US$0.32 | 1.6% +US$15.5m | -14.7% | PB0.2x | Financials | |
| BMMI BMMI B.S.C | ب.د0.59 | 5.4% +ب.د4.3m | n/a | PE11.2x | Consumer Discretionary | |
| GHG Gulf Hotels Group B.S.C | ب.د0.40 | 2.6% +ب.د2.3m | 33.3% | PE9.2x | Consumer Discretionary | |
| BISB Bahrain Islamic Bank B.S.C | ب.د0.082 | 2.5% +ب.د2.1m | n/a | PB0.5x | Financials |
