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Bahraini (BAX) Market Analysis & Valuation
UpdatedJan 20, 2026
DataAggregated Company Financials
Companies32
- 7D-0.05%
- 3M3.5%
- 1Y4.0%
- YTD-0.4%
In the last week, the market has been flat. More promisingly, the market is up 4.0% over the past year. As for the next few years, earnings are expected to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | ب.د7.7b | ب.د5.4b | ب.د843.7m | 9.8x | 9.2x | 1.4x |
| Fri, 19 Dec 2025 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 10x | 9.3x | 1.5x |
| Sun, 16 Nov 2025 | ب.د7.8b | ب.د5.4b | ب.د843.2m | 10x | 9.3x | 1.4x |
| Tue, 14 Oct 2025 | ب.د7.1b | ب.د5.4b | ب.د831.1m | 9.7x | 8.5x | 1.3x |
| Thu, 11 Sep 2025 | ب.د7.1b | ب.د5.4b | ب.د837.7m | 9.5x | 8.5x | 1.3x |
| Sat, 09 Aug 2025 | ب.د7.2b | ب.د5.4b | ب.د795.9m | 10.1x | 9.1x | 1.3x |
| Mon, 07 Jul 2025 | ب.د7.3b | ب.د5.3b | ب.د837.6m | 9.6x | 8.7x | 1.4x |
| Wed, 04 Jun 2025 | ب.د7.2b | ب.د5.3b | ب.د837.6m | 10x | 8.7x | 1.4x |
| Fri, 02 May 2025 | ب.د7.2b | ب.د5.1b | ب.د839.5m | 9.8x | 8.6x | 1.4x |
| Sun, 30 Mar 2025 | ب.د7.3b | ب.د5.1b | ب.د839.6m | 9.8x | 8.7x | 1.4x |
| Tue, 25 Feb 2025 | ب.د7.3b | ب.د5.2b | ب.د844.8m | 9.3x | 8.6x | 1.4x |
| Thu, 23 Jan 2025 | ب.د7.0b | ب.د4.7b | ب.د779.4m | 9.7x | 9x | 1.5x |
| Sat, 21 Dec 2024 | ب.د7.4b | ب.د4.9b | ب.د775.9m | 10.1x | 9.6x | 1.5x |
| Mon, 18 Nov 2024 | ب.د7.6b | ب.د4.9b | ب.د760.0m | 10.5x | 10x | 1.6x |
| Wed, 16 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د722.8m | 11.1x | 10.3x | 1.5x |
| Fri, 13 Sep 2024 | ب.د7.1b | ب.د4.8b | ب.د716.4m | 11.1x | 10x | 1.5x |
| Sun, 11 Aug 2024 | ب.د7.1b | ب.د4.8b | ب.د667.8m | 11.4x | 10.6x | 1.5x |
| Tue, 09 Jul 2024 | ب.د7.3b | ب.د4.7b | ب.د643.8m | 11.7x | 11.3x | 1.5x |
| Thu, 06 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د649.0m | 11.7x | 12.5x | 1.7x |
| Sat, 04 May 2024 | ب.د8.1b | ب.د4.7b | ب.د642.8m | 11.4x | 12.5x | 1.7x |
| Mon, 01 Apr 2024 | ب.د8.1b | ب.د4.7b | ب.د644.8m | 11.4x | 12.5x | 1.7x |
| Wed, 28 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د664.2m | 11.7x | 11.5x | 1.7x |
| Fri, 26 Jan 2024 | ب.د7.9b | ب.د5.4b | ب.د682.0m | 11.4x | 11.5x | 1.4x |
| Sun, 24 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Tue, 21 Nov 2023 | ب.د7.6b | ب.د5.4b | ب.د682.2m | 11.5x | 11.1x | 1.4x |
| Thu, 19 Oct 2023 | ب.د7.6b | ب.د5.4b | ب.د718.3m | 11.4x | 10.5x | 1.4x |
| Sat, 16 Sep 2023 | ب.د7.4b | ب.د5.4b | ب.د718.3m | 11.7x | 10.3x | 1.4x |
| Mon, 14 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د887.0m | 11.7x | 8.3x | 1.4x |
| Wed, 12 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.3x | 1.4x |
| Fri, 09 Jun 2023 | ب.د7.3b | ب.د5.2b | ب.د890.0m | 11.8x | 8.3x | 1.4x |
| Sun, 07 May 2023 | ب.د7.1b | ب.د5.6b | ب.د910.9m | 11.3x | 7.8x | 1.3x |
| Tue, 04 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.9x | 6.9x | 1.2x |
| Thu, 02 Mar 2023 | ب.د7.4b | ب.د5.6b | ب.د999.7m | 11x | 7.4x | 1.3x |
| Sat, 28 Jan 2023 | ب.د7.4b | ب.د5.7b | ب.د1.2b | 10.9x | 6x | 1.3x |
Price to Earnings Ratio
6x
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 9.6x.
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 | -0.053% | |
| Real Estate | 0.87% | |
| Consumer Discretionary | 0.14% | |
| Industrials | 0% | 0 |
| Consumer Staples | 0% | 0 |
| Financials | -0.033% | |
| Telecom | -0.042% | |
| Materials | -0.18% | |
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 11.6x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|---|
| SALAM Al Salam Bank B.S.C | ب.د0.23 | 3.2% +ب.د20.0m | 24.4% | PB1x | Financials | |
| BBK Bank of Bahrain and Kuwait B.S.C | ب.د0.53 | 1.5% +ب.د14.4m | 9.8% | PB1.5x | Financials | |
| KHALEEJI Khaleeji Bank B.S.C | ب.د0.084 | 1.2% +ب.د1.1m | n/a | PB0.7x | Financials | |
| GHG Gulf Hotels Group B.S.C | ب.د0.39 | 1.0% +ب.د903.0k | 21.2% | PE9.4x | Consumer Discretionary | |
| BMMI BMMI B.S.C | ب.د0.55 | 0.9% +ب.د711.8k | 23.6% | PE11.4x | Consumer Discretionary |
