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Bahraini (BAX) Market Analysis & Valuation

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies32
  • 7D0.7%
  • 3M1.6%
  • 1Y2.1%
  • YTD0.5%

The Real Estate sector gained 3.4% while the market remained flat over the last week. Similarly, the market is flat for the past 12 months. Earnings are forecast to grow by 6.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026ب.د7.8bب.د5.5bب.د891.1m10.6x8.8x1.4x
Thu, 22 Jan 2026ب.د7.7bب.د5.4bب.د843.7m9.8x9.2x1.4x
Sat, 20 Dec 2025ب.د7.8bب.د5.4bب.د841.8m10x9.3x1.5x
Mon, 17 Nov 2025ب.د7.8bب.د5.4bب.د843.2m10x9.3x1.4x
Wed, 15 Oct 2025ب.د7.1bب.د5.2bب.د834.9m9.7x8.5x1.4x
Fri, 12 Sep 2025ب.د7.1bب.د5.4bب.د837.7m9.5x8.5x1.3x
Sun, 10 Aug 2025ب.د7.2bب.د5.4bب.د795.9m10.1x9.1x1.3x
Tue, 08 Jul 2025ب.د7.3bب.د5.3bب.د837.9m9.6x8.7x1.4x
Thu, 05 Jun 2025ب.د7.3bب.د5.3bب.د837.6m10.1x8.7x1.4x
Sat, 03 May 2025ب.د7.2bب.د5.2bب.د839.6m9.8x8.6x1.4x
Mon, 31 Mar 2025ب.د7.3bب.د5.1bب.د839.6m9.8x8.7x1.4x
Wed, 26 Feb 2025ب.د7.3bب.د5.2bب.د832.2m9.3x8.8x1.4x
Fri, 24 Jan 2025ب.د7.0bب.د4.7bب.د779.4m9.7x9x1.5x
Sun, 22 Dec 2024ب.د7.4bب.د4.7bب.د779.4m10.1x9.5x1.6x
Tue, 19 Nov 2024ب.د7.6bب.د4.9bب.د760.0m10.1x10x1.6x
Thu, 17 Oct 2024ب.د7.4bب.د4.9bب.د722.8m11.1x10.3x1.5x
Sat, 14 Sep 2024ب.د7.1bب.د4.8bب.د716.4m11.1x10x1.5x
Mon, 12 Aug 2024ب.د7.2bب.د4.8bب.د669.4m10.9x10.7x1.5x
Wed, 10 Jul 2024ب.د7.3bب.د4.7bب.د643.8m11.8x11.3x1.5x
Fri, 07 Jun 2024ب.د8.1bب.د4.7bب.د649.0m11.7x12.5x1.7x
Sun, 05 May 2024ب.د8.1bب.د4.7bب.د642.8m11.4x12.5x1.7x
Tue, 02 Apr 2024ب.د8.0bب.د4.7bب.د644.8m11.4x12.4x1.7x
Thu, 29 Feb 2024ب.د7.5bب.د4.7bب.د673.5m11.7x11.2x1.6x
Sat, 27 Jan 2024ب.د7.9bب.د5.4bب.د682.0m11.4x11.5x1.4x
Mon, 25 Dec 2023ب.د7.6bب.د5.4bب.د681.6m11.4x11.1x1.4x
Wed, 22 Nov 2023ب.د7.6bب.د5.4bب.د681.6m11.5x11.1x1.4x
Fri, 20 Oct 2023ب.د7.5bب.د5.4bب.د718.3m11.4x10.5x1.4x
Sun, 17 Sep 2023ب.د7.4bب.د5.4bب.د718.3m11.7x10.3x1.4x
Tue, 15 Aug 2023ب.د7.3bب.د5.4bب.د964.1m11.4x7.6x1.4x
Thu, 13 Jul 2023ب.د7.3bب.د5.2bب.د884.4m12.1x8.3x1.4x
Sat, 10 Jun 2023ب.د7.3bب.د5.2bب.د890.0m11.8x8.3x1.4x
Mon, 08 May 2023ب.د7.1bب.د5.6bب.د910.9m11.3x7.8x1.3x
Wed, 05 Apr 2023ب.د7.0bب.د5.6bب.د1.0b10.7x6.9x1.2x
Fri, 03 Mar 2023ب.د7.6bب.د5.6bب.د1.0b11x7.5x1.3x
Price to Earnings Ratio

7.5x


Total Market Cap: ب.د7.6bTotal Earnings: ب.د1.0bTotal Revenue: ب.د5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Bahraini Market Price to Earnings3Y Average 9.7x202420252026
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 3.8% 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 Market0.72%
Real Estate3.45%
Consumer Discretionary1.91%
Materials1.82%
Financials0.35%
Telecom0.19%
Consumer Staples-0.21%
Industrials-0.29%
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 11% over the next 5 years.
  • This is better than its past earnings growth rate of 5.1% 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?

CompanyLast Price7D1YValuationSector
ALBH Aluminium Bahrain B.S.Cب.د1.110.5%
+ب.د7.3m		-1.8%PE7.2xMaterials
NBB National Bank of Bahrain B.S.Cب.د0.500.6%
+ب.د6.8m		1.4%PB1.9xFinancials
BMMI BMMI B.S.Cب.د0.595.4%
+ب.د4.3m		n/aPE11.2xConsumer Discretionary
BBK Bank of Bahrain and Kuwait B.S.Cب.د0.520.4%
+ب.د3.6m		4.4%PB1.5xFinancials
ESTERAD Esterad Investment Company BSCب.د0.219.8%
+ب.د3.1m		-2.8%PE5.3xFinancials
See more

Market Insights

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BMMI
ب.د0.59
BMMI B.S.C
7D
5.4%
1Y
n/a
ALBH
ب.د1.11
Aluminium Bahrain B.S.C
7D
0.5%
1Y
-1.8%
NBB
ب.د0.50
National Bank of Bahrain B.S.C
7D
0.6%
1Y
1.4%
BKIC
ب.د0.42
Bahrain Kuwait Insurance Company B.S.C
7D
0%
1Y
25.4%
SILAH
ب.د0.18
Silah Gulf B.S.C.(c)
7D
-2.2%
1Y
n/a
SEEF
ب.د0.12
Seef Properties B.S.C
7D
3.4%
1Y
1.7%
DUTYF
ب.د0.45
Bahrain Duty Free Shop Complex BSC
7D
1.1%
1Y
n/a
BISB
ب.د0.08
Bahrain Islamic Bank B.S.C
7D
-4.8%
1Y
n/a
BEYON
ب.د0.48
Beyon B.S.C
7D
0.2%
1Y
-3.0%
ESTERAD
ب.د0.21
Esterad Investment Company BSC
7D
9.8%
1Y
-2.8%
BBK
ب.د0.52
Bank of Bahrain and Kuwait B.S.C
7D
0.4%
1Y
4.4%
TRAFCO
ب.د0.27
Trafco Group B.S.C
7D
-0.4%
1Y
n/a