Narrative Update • Jul 23
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Egyptian (CASE/EGX) Market Analysis & Valuation
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies216
- 7D1.6%
- 3M7.0%
- 1Y53.3%
- YTD29.7%
The market is up 1.6% over the last week, with the Financials sector leading the way, up 2.8%. In the last year, the market has climbed 53%. As for the next few years, earnings are expected to grow by 18% per annum.
Market Valuation and Performance
Has the Egyptian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | ج.م3.6t | ج.م2.0t | ج.م361.7b | 14.9x | 10x | 1.8x |
| Mon, 22 Jun 2026 | ج.م3.5t | ج.م2.0t | ج.م356.7b | 13.5x | 9.7x | 1.7x |
| Wed, 20 May 2026 | ج.م3.5t | ج.م2.0t | ج.م348.1b | 13.9x | 9.9x | 1.7x |
| Fri, 17 Apr 2026 | ج.م3.3t | ج.م2.0t | ج.م345.3b | 12.9x | 9.5x | 1.7x |
| Sun, 15 Mar 2026 | ج.م3.0t | ج.م1.9t | ج.م341.8b | 12x | 8.9x | 1.6x |
| Tue, 10 Feb 2026 | ج.م3.1t | ج.م1.9t | ج.م346.4b | 12.2x | 8.9x | 1.6x |
| Thu, 08 Jan 2026 | ج.م2.8t | ج.م1.9t | ج.م344.1b | 12x | 8.1x | 1.5x |
| Sat, 06 Dec 2025 | ج.م2.7t | ج.م1.9t | ج.م349.0b | 11.5x | 7.8x | 1.4x |
| Mon, 03 Nov 2025 | ج.م2.5t | ج.م1.8t | ج.م316.9b | 12x | 8x | 1.4x |
| Wed, 01 Oct 2025 | ج.م2.3t | ج.م1.8t | ج.م319.9b | 11x | 7.3x | 1.3x |
| Fri, 29 Aug 2025 | ج.م2.2t | ج.م1.8t | ج.م328.6b | 10.4x | 6.8x | 1.3x |
| Sun, 27 Jul 2025 | ج.م2.2t | ج.م1.7t | ج.م317.1b | 9.9x | 6.9x | 1.3x |
| Tue, 24 Jun 2025 | ج.م2.0t | ج.م1.7t | ج.م316.7b | 9.1x | 6.3x | 1.2x |
| Thu, 22 May 2025 | ج.م2.0t | ج.م1.6t | ج.م316.7b | 8.5x | 6.4x | 1.3x |
| Sat, 19 Apr 2025 | ج.م2.0t | ج.م1.6t | ج.م304.7b | 8.6x | 6.5x | 1.3x |
| Mon, 17 Mar 2025 | ج.م2.0t | ج.م1.6t | ج.م308.4b | 8.9x | 6.6x | 1.3x |
| Wed, 12 Feb 2025 | ج.م1.9t | ج.م1.4t | ج.م284.0b | 8.9x | 6.7x | 1.3x |
| Fri, 10 Jan 2025 | ج.م1.9t | ج.م1.4t | ج.م280.0b | 8.7x | 6.8x | 1.3x |
| Sun, 08 Dec 2024 | ج.م2.0t | ج.م1.4t | ج.م278.3b | 9.2x | 7.2x | 1.4x |
| Tue, 05 Nov 2024 | ج.م2.0t | ج.م1.3t | ج.م259.5b | 9x | 7.5x | 1.5x |
| Thu, 03 Oct 2024 | ج.م1.9t | ج.م1.3t | ج.م244.1b | 9.2x | 7.9x | 1.5x |
| Sat, 31 Aug 2024 | ج.م1.8t | ج.م1.3t | ج.م244.2b | 8.7x | 7.5x | 1.4x |
| Mon, 29 Jul 2024 | ج.م1.7t | ج.م1.2t | ج.م222.7b | 8.8x | 7.8x | 1.5x |
| Wed, 26 Jun 2024 | ج.م1.6t | ج.م1.3t | ج.م216.4b | 8.5x | 7.5x | 1.3x |
| Fri, 24 May 2024 | ج.م1.6t | ج.م1.2t | ج.م199.1b | 9.2x | 8.1x | 1.4x |
| Sun, 21 Apr 2024 | ج.م1.7t | ج.م1.2t | ج.م185.4b | 9.6x | 9.1x | 1.4x |
| Tue, 19 Mar 2024 | ج.م1.8t | ج.م1.1t | ج.م175.1b | 10x | 10.3x | 1.6x |
| Thu, 15 Feb 2024 | ج.م1.8t | ج.م1.1t | ج.م172.1b | 12.7x | 10.7x | 1.7x |
| Sat, 13 Jan 2024 | ج.م1.6t | ج.م1.1t | ج.م161.6b | 11.8x | 9.8x | 1.5x |
| Mon, 11 Dec 2023 | ج.م1.5t | ج.م1.0t | ج.م157.2b | 11.6x | 9.4x | 1.4x |
| Wed, 08 Nov 2023 | ج.م1.4t | ج.م984.7b | ج.م150.2b | 10.9x | 9.4x | 1.4x |
| Fri, 06 Oct 2023 | ج.م1.2t | ج.م965.7b | ج.م144.6b | 9.6x | 8.1x | 1.2x |
| Sun, 03 Sep 2023 | ج.م1.1t | ج.م962.4b | ج.م144.2b | 9.8x | 7.7x | 1.2x |
| Tue, 01 Aug 2023 | ج.م1.0t | ج.م909.8b | ج.م145.3b | 10.2x | 7x | 1.1x |
Price to Earnings Ratio
7x
Current Market PE
- Investors are optimistic on the Egyptian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 10.0x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
- The earnings for Egyptian listed companies have grown 36% per year over the last three years.
- Revenues for these companies have grown 31% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Egyptian Market?
| EG Market | 1.64% | |
| Energy | 6.67% | |
| Healthcare | 4.42% | |
| Telecom | 4.36% | |
| Financials | 2.82% | |
| Industrials | 1.36% | |
| Consumer Staples | 0.81% | |
| Materials | 0.33% | |
| Consumer Discretionary | 0.17% | |
| Utilities | 0.074% | |
| Tech | 0% | 0 |
| Real Estate | -0.27% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 14.3x.
- Analysts are expecting annual earnings growth of 29.1%, which is lower than the prior year's growth of 40.5% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|---|
| COMI Commercial International Bank Egypt (CIB)E | ج.م140.00 | 3.1% +ج.م14.3b | 67.4% | PB2x | Financials | |
| ETEL Telecom Egypt | ج.م103.28 | 5.1% +ج.م8.5b | 165.3% | PE9.3x | Telecom | |
| HDBK Housing and Development Bank- Egypt (S.A.E) | ج.م83.00 | 6.7% +ج.م5.5b | 170.9% | PB2.1x | Financials | |
| SWDY El Sewedy Electric | ج.م93.60 | 2.4% +ج.م4.7b | 22.1% | PE12.7x | Industrials | |
| QNBE Qatar National Bank | ج.م56.71 | 3.5% +ج.م4.1b | 92.0% | PB1x | Financials |