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Hungarian (BUX) Market Analysis & Valuation

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies51
  • 7D-1.7%
  • 3M8.5%
  • 1Y26.6%
  • YTD24.2%

Over the last 7 days, the market has dropped 1.7%, driven by a decline of 2.5% in the Financials sector. As for the longer term, the market has actually risen by 27% in the last year. Looking forward, earnings are forecast to grow by 5.7% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025Ft18.5tFt16.6tFt2.1t9.2x9x1.1x
Tue, 18 Nov 2025Ft18.8tFt16.6tFt2.0t11.1x9.3x1.1x
Thu, 16 Oct 2025Ft17.9tFt16.7tFt2.0t11.7x8.9x1.1x
Sat, 13 Sep 2025Ft17.8tFt16.8tFt2.0t10.9x8.8x1.1x
Mon, 11 Aug 2025Ft18.1tFt16.8tFt2.0t11.5x8.9x1.1x
Wed, 09 Jul 2025Ft17.0tFt16.8tFt2.1t11.2x8.1x1x
Fri, 06 Jun 2025Ft16.5tFt16.8tFt2.1t11.1x7.8x1x
Sun, 04 May 2025Ft16.7tFt16.5tFt2.1t11.2x7.9x1x
Tue, 01 Apr 2025Ft16.3tFt16.5tFt2.1t11.2x7.8x1x
Thu, 27 Feb 2025Ft16.5tFt15.9tFt1.9t10.5x8.6x1x
Sat, 25 Jan 2025Ft16.0tFt15.9tFt2.0t9.9x8x1x
Mon, 23 Dec 2024Ft14.6tFt16.0tFt2.0t9x7.3x0.9x
Wed, 20 Nov 2024Ft14.7tFt16.0tFt2.0t9x7.2x0.9x
Fri, 18 Oct 2024Ft14.1tFt16.0tFt2.1t8.9x6.9x0.9x
Sun, 15 Sep 2024Ft13.9tFt16.0tFt2.1t11.2x6.8x0.9x
Tue, 13 Aug 2024Ft13.5tFt15.9tFt2.1t11.6x6.5x0.8x
Thu, 11 Jul 2024Ft13.4tFt15.5tFt2.0t11.4x6.6x0.9x
Sat, 08 Jun 2024Ft13.4tFt15.5tFt2.0t11x6.6x0.9x
Mon, 06 May 2024Ft13.7tFt15.5tFt2.0t12.4x6.8x0.9x
Wed, 03 Apr 2024Ft13.4tFt15.6tFt2.0t12.2x6.7x0.9x
Fri, 01 Mar 2024Ft13.4tFt15.5tFt1.9t12.3x7x0.9x
Sun, 28 Jan 2024Ft13.1tFt15.8tFt1.8t12.3x7.3x0.8x
Tue, 26 Dec 2023Ft12.5tFt15.8tFt1.8t11.1x7x0.8x
Thu, 23 Nov 2023Ft11.7tFt15.6tFt1.7t10.8x6.8x0.8x
Sat, 21 Oct 2023Ft10.5tFt16.0tFt1.7t10.4x6x0.7x
Mon, 18 Sep 2023Ft10.7tFt15.9tFt1.7t10.2x6.2x0.7x
Wed, 16 Aug 2023Ft11.0tFt15.7tFt1.7t9.5x6.6x0.7x
Fri, 14 Jul 2023Ft8.4tFt15.1tFt1.5t9x5.6x0.6x
Sun, 11 Jun 2023Ft8.1tFt15.0tFt1.5t9.3x5.4x0.5x
Tue, 09 May 2023Ft7.8tFt14.3tFt1.2t9.7x6.3x0.5x
Thu, 06 Apr 2023Ft7.4tFt14.3tFt1.2t9.4x6x0.5x
Sat, 04 Mar 2023Ft7.5tFt14.1tFt1.3t8.6x5.6x0.5x
Mon, 30 Jan 2023Ft8.0tFt13.4tFt1.5t8.9x5.3x0.6x
Wed, 28 Dec 2022Ft7.7tFt13.3tFt1.5t8.9x5.1x0.6x
Price to Earnings Ratio

5.1x


Total Market Cap: Ft7.7tTotal Earnings: Ft1.5tTotal Revenue: Ft13.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hungarian Market Price to Earnings3Y Average 7.1x202320242025
Current Market PE
  • Investors are optimistic on the Hungarian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 7.1x.
Past Earnings Growth
  • The earnings for Hungarian listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 7.7% 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 Hungarian Market?

HU Market-1.68%
Materials7.50%
Utilities2.58%
Telecom2.47%
Consumer Discretionary0.34%
Healthcare0.28%
Tech-0.036%
Real Estate-1.61%
Industrials-1.61%
Consumer Staples-2.17%
Financials-2.45%
Energy-3.95%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 10.4x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 9.6% over the next 5 years.
  • This is better than its past earnings growth rate of 7.4% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 2.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
OTP OTP Bank NyrtFt35.30k2.6%
+Ft240.8b		64.4%PB1.7xFinancials
MTELEKOM Magyar Telekom Távközlési Nyilvánosan Müködö RészvénytársaságFt1.82k2.6%
+Ft40.7b		43.7%PE8xTelecom
RICHTER Gedeon RichterFt9.74k0.3%
+Ft4.6b		-7.1%PE7.8xHealthcare
ALTEO ALTEO Energy ServicesFt4.45k4.7%
+Ft4.0b		10.7%PE22.3xUtilities
GSPARK Graphisoft Park SE Ingatlanfejleszto Európai Részvénytársaság€13.902.2%
+€3.0m		23.0%PE9.2xReal Estate
See more

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MBHJB
Ft730.00
MBH Jelzálogbank Nyilvánosan Muködo Részvénytársaság
7D
-4.5%
1Y
-20.5%
OPUS
Ft550.00
OPUS GLOBAL Nyrt
7D
-1.3%
1Y
8.1%
MBHBANK
Ft3,390.00
MBH Bank Nyrt
7D
-31.9%
1Y
-54.9%
RICHTER
Ft9,735.00
Gedeon Richter
7D
0.3%
1Y
-7.1%
GSPARK
€13.90
Graphisoft Park SE Ingatlanfejleszto Európai Részvénytársaság
7D
2.2%
1Y
23.0%
MTELEKOM
Ft1,816.00
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
7D
2.6%
1Y
43.7%
MOL
Ft2,824.00
MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság
7D
-3.9%
1Y
5.2%

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DUNAHOUSE
Ft1,350.00
DH Group Nyilvánosan Muködo Részvénytársaság
7D
-4.3%
1Y
43.6%
RABA
Ft3,240.00
RÁBA Jármuipari Holding Nyrt
7D
-8.7%
1Y
158.2%
ALTEO
Ft4,450.00
ALTEO Energy Services
7D
4.7%
1Y
10.7%
OTP
Ft35,300.00
OTP Bank Nyrt
7D
2.6%
1Y
64.4%
MASTERPLAST
Ft2,730.00
Masterplast Nyrt
7D
1.1%
1Y
7.5%
BIF
Ft345.00
Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt
7D
-4.4%
1Y
-29.3%
GRANIT
Ft12,700.00
GRÁNIT Bank Zártköruen Muködo Részvénytársaság
7D
0.4%
1Y
n/a