Have your own idea? Try our Stock Screener
Bahraini (BAX) Market Analysis & Valuation
UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies33
- 7D0.7%
- 3M1.6%
- 1Y2.5%
- YTD0.6%
The Real Estate sector gained 3.4% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 7.4% 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, 21 Feb 2026 | ب.د7.8b | ب.د5.5b | ب.د892.4m | 10.6x | 8.8x | 1.4x |
| Mon, 19 Jan 2026 | ب.د7.7b | ب.د5.4b | ب.د843.7m | 9.8x | 9.2x | 1.4x |
| Wed, 17 Dec 2025 | ب.د7.8b | ب.د5.4b | ب.د841.8m | 10x | 9.3x | 1.5x |
| Fri, 14 Nov 2025 | ب.د7.8b | ب.د5.3b | ب.د822.9m | 10.1x | 9.5x | 1.5x |
| Sun, 12 Oct 2025 | ب.د7.1b | ب.د5.4b | ب.د831.1m | 9.7x | 8.5x | 1.3x |
| Tue, 09 Sep 2025 | ب.د7.1b | ب.د5.4b | ب.د837.7m | 9.6x | 8.5x | 1.3x |
| Thu, 07 Aug 2025 | ب.د7.2b | ب.د5.4b | ب.د797.8m | 9.7x | 9.1x | 1.3x |
| Sat, 05 Jul 2025 | ب.د7.3b | ب.د5.3b | ب.د837.6m | 9.6x | 8.7x | 1.4x |
| Mon, 02 Jun 2025 | ب.د7.2b | ب.د5.3b | ب.د837.6m | 10x | 8.6x | 1.4x |
| Wed, 30 Apr 2025 | ب.د7.2b | ب.د5.1b | ب.د839.5m | 9.8x | 8.6x | 1.4x |
| Fri, 28 Mar 2025 | ب.د7.3b | ب.د5.1b | ب.د839.5m | 9.8x | 8.7x | 1.4x |
| Sun, 23 Feb 2025 | ب.د7.3b | ب.د5.2b | ب.د843.9m | 9.2x | 8.6x | 1.4x |
| Tue, 21 Jan 2025 | ب.د7.0b | ب.د4.7b | ب.د779.4m | 9.7x | 9x | 1.5x |
| Thu, 19 Dec 2024 | ب.د7.4b | ب.د4.9b | ب.د775.9m | 10.1x | 9.6x | 1.5x |
| Sat, 16 Nov 2024 | ب.د7.6b | ب.د4.9b | ب.د760.0m | 10.5x | 10x | 1.6x |
| Mon, 14 Oct 2024 | ب.د7.4b | ب.د4.9b | ب.د722.8m | 11.2x | 10.3x | 1.5x |
| Wed, 11 Sep 2024 | ب.د7.1b | ب.د4.8b | ب.د716.4m | 11.1x | 9.9x | 1.5x |
| Fri, 09 Aug 2024 | ب.د7.1b | ب.د4.8b | ب.د666.3m | 11.4x | 10.7x | 1.5x |
| Sun, 07 Jul 2024 | ب.د7.3b | ب.د4.7b | ب.د643.8m | 11.7x | 11.3x | 1.5x |
| Tue, 04 Jun 2024 | ب.د8.1b | ب.د4.7b | ب.د648.9m | 11.7x | 12.5x | 1.7x |
| Thu, 02 May 2024 | ب.د8.1b | ب.د4.7b | ب.د642.7m | 11.4x | 12.5x | 1.7x |
| Sat, 30 Mar 2024 | ب.د8.1b | ب.د4.7b | ب.د644.8m | 11.4x | 12.6x | 1.7x |
| Mon, 26 Feb 2024 | ب.د7.6b | ب.د4.6b | ب.د663.7m | 11.5x | 11.5x | 1.7x |
| Wed, 24 Jan 2024 | ب.د7.8b | ب.د5.4b | ب.د682.0m | 11.5x | 11.5x | 1.4x |
| Fri, 22 Dec 2023 | ب.د7.5b | ب.د5.4b | ب.د681.6m | 11.4x | 11.1x | 1.4x |
| Sun, 19 Nov 2023 | ب.د7.6b | ب.د5.5b | ب.د684.9m | 11.5x | 11.1x | 1.4x |
| Tue, 17 Oct 2023 | ب.د7.6b | ب.د5.4b | ب.د718.3m | 11.3x | 10.5x | 1.4x |
| Thu, 14 Sep 2023 | ب.د7.4b | ب.د5.4b | ب.د718.3m | 11.7x | 10.3x | 1.4x |
| Sat, 12 Aug 2023 | ب.د7.4b | ب.د5.2b | ب.د883.5m | 11.9x | 8.3x | 1.4x |
| Mon, 10 Jul 2023 | ب.د7.3b | ب.د5.2b | ب.د884.4m | 12x | 8.2x | 1.4x |
| Wed, 07 Jun 2023 | ب.د7.5b | ب.د5.5b | ب.د874.5m | 11.4x | 8.5x | 1.4x |
| Fri, 05 May 2023 | ب.د7.1b | ب.د5.6b | ب.د1.0b | 11.3x | 7x | 1.3x |
| Sun, 02 Apr 2023 | ب.د7.0b | ب.د5.6b | ب.د1.0b | 10.9x | 6.9x | 1.2x |
| Tue, 28 Feb 2023 | ب.د7.5b | ب.د5.6b | ب.د999.7m | 11x | 7.5x | 1.3x |
Price to Earnings Ratio
7.5x
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 3.7% 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 | 0.71% | |
| Real Estate | 3.45% | |
| Materials | 3.20% | |
| Consumer Discretionary | 0.26% | |
| Consumer Staples | 0% | 0 |
| Financials | -0.0069% | |
| Industrials | -0.14% | |
| Telecom | -0.19% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ALBH Aluminium Bahrain B.S.C | ب.د1.13 | 3.2% +ب.د49.8m | 0.9% | PE7.3x | Materials | |
| SALAM Al Salam Bank B.S.C | ب.د0.24 | 0.8% +ب.د5.8m | 22.9% | PB1x | Financials | |
| ARIG Arab Insurance Group (B.S.C.) | US$0.95 | 5.6% +US$9.9m | 11.8% | PE48.1x | Financials | |
| SEEF Seef Properties B.S.C | ب.د0.12 | 3.4% +ب.د1.8m | -1.6% | PE9.1x | Real Estate | |
| DUTYF Bahrain Duty Free Shop Complex BSC | ب.د0.45 | 1.1% +ب.د711.4k | 9.8% | PE11.4x | Consumer Discretionary |