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Bahraini (BAX) Market Analysis & Valuation

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies32
  • 7D0.3%
  • 3M7.4%
  • 1Y-2.1%
  • YTD0.3%

The market has stayed flat over the 7 days. 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 7.1% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025ب.د7.8bب.د5.4bب.د841.8m10x9.3x1.5x
Fri, 14 Nov 2025ب.د7.8bب.د5.3bب.د822.9m10.1x9.5x1.5x
Sun, 12 Oct 2025ب.د7.1bب.د5.4bب.د831.1m9.7x8.5x1.3x
Tue, 09 Sep 2025ب.د7.1bب.د5.4bب.د837.7m9.6x8.5x1.3x
Thu, 07 Aug 2025ب.د7.2bب.د5.4bب.د797.8m9.7x9.1x1.3x
Sat, 05 Jul 2025ب.د7.3bب.د5.3bب.د837.6m9.6x8.7x1.4x
Mon, 02 Jun 2025ب.د7.2bب.د5.3bب.د837.6m10x8.6x1.4x
Wed, 30 Apr 2025ب.د7.2bب.د5.1bب.د839.5m9.8x8.6x1.4x
Fri, 28 Mar 2025ب.د7.3bب.د5.1bب.د839.5m9.8x8.7x1.4x
Sun, 23 Feb 2025ب.د7.3bب.د5.2bب.د843.9m9.2x8.6x1.4x
Tue, 21 Jan 2025ب.د7.0bب.د4.7bب.د779.4m9.7x9x1.5x
Thu, 19 Dec 2024ب.د7.4bب.د4.9bب.د775.9m10.1x9.6x1.5x
Sat, 16 Nov 2024ب.د7.6bب.د4.9bب.د760.0m10.5x10x1.6x
Mon, 14 Oct 2024ب.د7.4bب.د4.9bب.د722.8m11.2x10.3x1.5x
Wed, 11 Sep 2024ب.د7.1bب.د4.8bب.د716.4m11.1x9.9x1.5x
Fri, 09 Aug 2024ب.د7.1bب.د4.8bب.د666.3m11.4x10.7x1.5x
Sun, 07 Jul 2024ب.د7.3bب.د4.7bب.د643.8m11.7x11.3x1.5x
Tue, 04 Jun 2024ب.د8.1bب.د4.7bب.د648.9m11.7x12.5x1.7x
Thu, 02 May 2024ب.د8.1bب.د4.7bب.د642.7m11.4x12.5x1.7x
Sat, 30 Mar 2024ب.د8.1bب.د4.7bب.د644.8m11.4x12.6x1.7x
Mon, 26 Feb 2024ب.د7.6bب.د4.6bب.د663.7m11.5x11.5x1.7x
Wed, 24 Jan 2024ب.د7.8bب.د5.4bب.د682.0m11.5x11.5x1.4x
Fri, 22 Dec 2023ب.د7.5bب.د5.4bب.د681.6m11.4x11.1x1.4x
Sun, 19 Nov 2023ب.د7.6bب.د5.5bب.د684.9m11.5x11.1x1.4x
Tue, 17 Oct 2023ب.د7.6bب.د5.4bب.د718.3m11.3x10.5x1.4x
Thu, 14 Sep 2023ب.د7.4bب.د5.4bب.د718.3m11.7x10.3x1.4x
Sat, 12 Aug 2023ب.د7.4bب.د5.2bب.د883.5m11.9x8.3x1.4x
Mon, 10 Jul 2023ب.د7.3bب.د5.2bب.د884.4m12x8.2x1.4x
Wed, 07 Jun 2023ب.د7.5bب.د5.5bب.د874.5m11.4x8.5x1.4x
Fri, 05 May 2023ب.د7.1bب.د5.6bب.د1.0b11.3x7x1.3x
Sun, 02 Apr 2023ب.د7.0bب.د5.6bب.د1.0b10.9x6.9x1.2x
Tue, 28 Feb 2023ب.د7.5bب.د5.6bب.د999.7m11x7.5x1.3x
Thu, 26 Jan 2023ب.د7.4bب.د5.7bب.د1.2b10.7x6x1.3x
Sat, 24 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 9.5x202320242025
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 9.5x.
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 Market0.28%
Consumer Discretionary1.53%
Financials0.55%
Industrials0.48%
Consumer Staples0%0
Telecom-0.13%
Materials-0.37%
Real Estate-0.84%
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 11.8x.
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.د0.512.0%
+ب.د22.6m		4.1%PB2xFinancials
BBK Bank of Bahrain and Kuwait B.S.Cب.د0.520.6%
+ب.د5.4m		7.6%PB1.5xFinancials
DUTYF Bahrain Duty Free Shop Complex BSCب.د0.463.9%
+ب.د2.4m		13.8%PE12.8xConsumer Discretionary
ESTERAD Esterad Investment Company BSCب.د0.206.4%
+ب.د1.9m		n/aPE5xFinancials
BMMI BMMI B.S.Cب.د0.482.6%
+ب.د1.7m		7.1%PE10xConsumer Discretionary
See more

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UGH
ب.د0.87
United Gulf Holding Company B.S.C
7D
-0.7%
1Y
n/a
BNH
ب.د0.53
Bahrain National Holding Company B.S.C
7D
1.0%
1Y
4.0%
DUTYF
ب.د0.46
Bahrain Duty Free Shop Complex BSC
7D
3.9%
1Y
13.8%
ESTERAD
ب.د0.20
Esterad Investment Company BSC
7D
6.4%
1Y
n/a
BBK
ب.د0.52
Bank of Bahrain and Kuwait B.S.C
7D
0.6%
1Y
7.6%
BASREC
ب.د1.00
Bahrain Ship Repairing and Engineering Company BSC
7D
1.1%
1Y
0.1%
BMMI
ب.د0.48
BMMI B.S.C
7D
2.6%
1Y
7.1%
SALAM
ب.د0.22
Al Salam Bank B.S.C
7D
-0.4%
1Y
17.4%
ABC
US$0.34
Arab Banking Corporation (B.S.C.)
7D
-0.6%
1Y
n/a
NBB
ب.د0.51
National Bank of Bahrain B.S.C
7D
2.0%
1Y
4.1%
SEEF
ب.د0.12
Seef Properties B.S.C
7D
-0.8%
1Y
5.4%
ALBH
ب.د1.09
Aluminium Bahrain B.S.C
7D
-0.4%
1Y
-19.6%
BCFC
ب.د0.23
Bahrain Commercial Facilities Company BSC
7D
-1.3%
1Y
n/a
ZAINBH
ب.د0.12
Zain Bahrain B.S.C
7D
-2.4%
1Y
8.9%
APMTB
ب.د1.12
APM Terminals Bahrain B.S.C
7D
0.4%
1Y
-3.8%