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Croatian (CROBEX) Market Analysis & Valuation
UpdatedApr 02, 2026
DataAggregated Company Financials
Companies60
- 7D-0.7%
- 3M-0.6%
- 1Y7.3%
- YTD-0.6%
In the last week, the market has been flat, with a notable exception in the Communication Services sector dropping 4.0%. As for the longer term, the market has risen 7.3% in the past 12 months. Looking forward, earnings are forecast to grow by 8.2% annually.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | Kn33.4b | Kn19.3b | Kn2.0b | 14.9x | 16.5x | 1.7x |
| Sun, 01 Mar 2026 | Kn34.0b | Kn18.9b | Kn2.0b | 15.5x | 17.1x | 1.8x |
| Tue, 27 Jan 2026 | Kn34.0b | Kn18.8b | Kn1.9b | 15.2x | 17.6x | 1.8x |
| Thu, 25 Dec 2025 | Kn33.5b | Kn18.9b | Kn1.9b | 15.2x | 17.3x | 1.8x |
| Sat, 22 Nov 2025 | Kn32.9b | Kn18.6b | Kn1.9b | 16.3x | 17.1x | 1.8x |
| Mon, 20 Oct 2025 | Kn33.2b | Kn18.1b | Kn2.0b | 15.6x | 16.8x | 1.8x |
| Wed, 17 Sep 2025 | Kn33.8b | Kn18.1b | Kn2.0b | 14.9x | 17.2x | 1.9x |
| Fri, 15 Aug 2025 | Kn33.2b | Kn17.9b | Kn1.9b | 15x | 17x | 1.8x |
| Sun, 13 Jul 2025 | Kn31.8b | Kn17.4b | Kn1.9b | 16.3x | 16.8x | 1.8x |
| Tue, 10 Jun 2025 | Kn30.7b | Kn17.5b | Kn1.9b | 14.9x | 16.2x | 1.8x |
| Thu, 08 May 2025 | Kn30.2b | Kn17.5b | Kn1.9b | 14.6x | 16.2x | 1.7x |
| Sat, 05 Apr 2025 | Kn29.8b | Kn17.1b | Kn1.8b | 14.7x | 16.9x | 1.7x |
| Mon, 03 Mar 2025 | Kn29.6b | Kn16.9b | Kn1.7b | 14.8x | 17.1x | 1.8x |
| Wed, 29 Jan 2025 | Kn30.8b | Kn16.6b | Kn1.8b | 15.3x | 17x | 1.8x |
| Fri, 27 Dec 2024 | Kn29.3b | Kn16.7b | Kn1.8b | 15.1x | 16.3x | 1.8x |
| Sun, 24 Nov 2024 | Kn27.6b | Kn16.6b | Kn1.8b | 15.2x | 15.4x | 1.7x |
| Tue, 22 Oct 2024 | Kn26.1b | Kn16.4b | Kn1.7b | 17.9x | 15.5x | 1.6x |
| Thu, 19 Sep 2024 | Kn25.7b | Kn16.5b | Kn1.7b | 18x | 15.3x | 1.6x |
| Sat, 17 Aug 2024 | Kn25.4b | Kn16.4b | Kn1.7b | 18.1x | 15.2x | 1.6x |
| Mon, 15 Jul 2024 | Kn24.7b | Kn16.1b | Kn1.7b | 15.5x | 14.7x | 1.5x |
| Wed, 12 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.7x | 14.8x | 1.5x |
| Fri, 10 May 2024 | Kn24.2b | Kn16.1b | Kn1.7b | 14.7x | 14.3x | 1.5x |
| Sun, 07 Apr 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15.2x | 15.3x | 1.6x |
| Tue, 05 Mar 2024 | Kn24.5b | Kn15.9b | Kn1.6b | 14.8x | 15x | 1.5x |
| Thu, 01 Feb 2024 | Kn25.8b | Kn17.9b | Kn1.4b | 16x | 18.4x | 1.4x |
| Sat, 30 Dec 2023 | Kn24.6b | Kn18.0b | Kn1.4b | 15.6x | 17.6x | 1.4x |
| Mon, 27 Nov 2023 | Kn23.2b | Kn17.9b | Kn1.4b | 16x | 16.6x | 1.3x |
| Wed, 25 Oct 2023 | Kn22.4b | Kn17.3b | Kn1.3b | 15.8x | 16.6x | 1.3x |
| Fri, 22 Sep 2023 | Kn22.8b | Kn17.3b | Kn1.3b | 16.3x | 17.1x | 1.3x |
| Sun, 20 Aug 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Tue, 18 Jul 2023 | Kn21.7b | Kn17.0b | Kn1.4b | 18.6x | 16x | 1.3x |
| Thu, 15 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18.1x | 16.2x | 1.3x |
| Sat, 13 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 18.8x | 17x | 1.3x |
| Mon, 10 Apr 2023 | Kn20.8b | Kn16.1b | Kn1.2b | 17.5x | 16.7x | 1.3x |
Price to Earnings Ratio
16.7x
Current Market PE
- Investors are relatively neutral on the Croatian 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 16.4x.
Past Earnings Growth
- The earnings for Croatian listed companies have grown 18% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Croatian Market?
| HR Market | -0.42% | |
| Tech | 0.48% | |
| Consumer Discretionary | 0.40% | |
| Industrials | 0.29% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Healthcare | 0% | 0 |
| Utilities | 0% | 0 |
| Energy | -0.088% | |
| Financials | -0.41% | |
| Consumer Staples | -1.49% | |
| Telecom | -3.25% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Healthcare sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 5.3% per year.
- In contrast, the Telecom sector is expected to see its earnings grow by 4.6% 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 | |
|---|---|---|---|---|---|---|
| CROS Croatia osiguranje d.d | €2.96k | 4.2% +€50.5m | 60.0% | PE17.2x | Financials | |
| KOEI KONCAR - Elektroindustrija d.d | €750.00 | 1.1% +€20.4m | 69.3% | PE13.1x | Industrials | |
| MAIS Maistra d.d | €66.50 | 2.3% +€16.4m | 44.6% | PE20.7x | Consumer Discretionary | |
| ADRS Adris grupa d. d | €115.00 | 0.9% +€15.9m | 35.3% | PE22.7x | Industrials | |
| DLKV Dalekovod d.d | €9.32 | 2.4% +€9.1m | 129.6% | PE33x | Industrials |