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Hungarian (BUX) Market Analysis & Valuation

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies55
  • 7D1.5%
  • 3M5.1%
  • 1Y29.2%
  • YTD16.9%

Over the last 7 days, the market has risen 1.5%, driven by gains in the Financials and Energy sectors of 1.6% and 7.4%, respectively. As for the past 12 months, the market is up 29%. Looking forward, earnings are forecast to grow by 7.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026Ft22.3tFt16.5tFt2.0t11x11.3x1.4x
Wed, 24 Jun 2026Ft21.8tFt16.4tFt2.0t11x11x1.3x
Fri, 22 May 2026Ft20.3tFt16.4tFt2.0t10.8x10.1x1.2x
Sun, 19 Apr 2026Ft22.1tFt16.5tFt2.1t10.4x10.3x1.3x
Tue, 17 Mar 2026Ft19.3tFt16.5tFt2.1t9.3x9x1.2x
Thu, 12 Feb 2026Ft20.8tFt16.6tFt2.0t9.6x10.2x1.3x
Sat, 10 Jan 2026Ft19.3tFt16.6tFt2.1t9.2x9.4x1.2x
Mon, 08 Dec 2025Ft18.5tFt16.6tFt2.0t9.5x9.1x1.1x
Wed, 05 Nov 2025Ft18.8tFt16.7tFt2.0t12.2x9.4x1.1x
Fri, 03 Oct 2025Ft17.3tFt16.7tFt2.0t11.3x8.6x1x
Sun, 31 Aug 2025Ft17.8tFt16.8tFt2.0t11x8.8x1.1x
Tue, 29 Jul 2025Ft17.5tFt16.8tFt2.1t11.5x8.3x1x
Thu, 26 Jun 2025Ft16.6tFt16.8tFt2.1t10.9x7.9x1x
Sat, 24 May 2025Ft16.7tFt16.8tFt2.1t10.8x7.8x1x
Mon, 21 Apr 2025Ft15.9tFt16.5tFt2.1t10.9x7.5x1x
Wed, 19 Mar 2025Ft16.6tFt16.4tFt2.1t11.1x8.1x1x
Fri, 14 Feb 2025Ft16.5tFt15.9tFt2.0t10.2x8.2x1x
Sun, 12 Jan 2025Ft18.0tFt15.9tFt2.0t9.7x9x1.1x
Tue, 10 Dec 2024Ft14.9tFt16.0tFt2.1t8.8x7.2x0.9x
Thu, 07 Nov 2024Ft14.4tFt16.2tFt2.1t9.2x7x0.9x
Sat, 05 Oct 2024Ft14.0tFt16.0tFt2.1t9.2x6.8x0.9x
Mon, 02 Sep 2024Ft13.6tFt16.0tFt2.1t11.2x6.6x0.9x
Wed, 31 Jul 2024Ft13.8tFt15.5tFt2.0t11.5x6.7x0.9x
Fri, 28 Jun 2024Ft13.7tFt15.5tFt2.0t11.8x6.7x0.9x
Sun, 26 May 2024Ft13.4tFt15.5tFt2.0t12x6.6x0.9x
Tue, 23 Apr 2024Ft13.3tFt15.7tFt2.0t12.1x6.6x0.9x
Thu, 21 Mar 2024Ft13.4tFt15.6tFt2.0t11.7x6.6x0.9x
Sat, 17 Feb 2024Ft13.3tFt15.8tFt1.8t12.5x7.5x0.8x
Mon, 15 Jan 2024Ft13.1tFt15.8tFt1.8t11.7x7.3x0.8x
Wed, 13 Dec 2023Ft12.2tFt15.7tFt1.8t10.9x6.8x0.8x
Fri, 10 Nov 2023Ft10.6tFt15.5tFt1.7t10.5x6.1x0.7x
Sun, 08 Oct 2023Ft10.4tFt16.0tFt1.7t10.8x6x0.7x
Tue, 05 Sep 2023Ft10.4tFt15.8tFt1.7t10.4x6.1x0.7x
Thu, 03 Aug 2023Ft8.6tFt15.1tFt1.5t8.4x5.7x0.6x
Price to Earnings Ratio

5.7x


Total Market Cap: Ft8.6tTotal Earnings: Ft1.5tTotal Revenue: Ft15.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hungarian Market Price to Earnings3Y Average 8x202420252026
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 11.3x which is higher than its 3-year average PE of 8.0x.
Past Earnings Growth
  • The earnings for Hungarian listed companies have grown 9.9% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market1.46%
Energy7.39%
Utilities2.22%
Financials1.60%
Materials0.37%
Telecom0.31%
Real Estate-0.049%
Consumer Discretionary-0.35%
Consumer Staples-1.38%
Industrials-1.55%
Healthcare-2.81%
Tech-3.62%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 15.3x.
    • 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 Energy sector, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings decline of 57% per year.
  • In contrast, the Healthcare 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?

CompanyLast Price7D1YValuationSector
OTP OTP Bank NyrtFt45.38k1.4%
+Ft167.3b		59.6%PB2.1xFinancials
MOL MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo RészvénytársaságFt4.47k5.9%
+Ft159.3b		45.7%PE15.4xEnergy
MTELEKOM Magyar Telekom Távközlési Nyilvánosan Müködö RészvénytársaságFt2.65k0.5%
+Ft10.6b		51.3%PE11xTelecom
DELTA Delta Group Nyilvánosan Mukodo RészvénytársaságFt53.609.7%
+Ft1.8b		-12.7%n/aTech
NATURLAND NATURLAND Holding Vagyonkezelo es Befektetesi Nyilvanosan Mukodo ReszvenytarsasagFt2.84k3.6%
+Ft1.4b		12.7%PE26.8xHealthcare
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

4IG
Ft1,742.00
4iG Nyrt
7D
-1.6%
1Y
-5.1%
MOL
Ft4,474.00
MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság
7D
5.9%
1Y
45.7%
Narrative Update • Jul 24

MOL: Higher Future P/E Assumptions Will Support A More Optimistic Outlook

Analysts have lifted their fair value estimate for MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság from HUF 3,730 to about HUF 5,068, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság received a resolution from the National Bank of Hungary on June 22, 2026, warning the company to comply with extraordinary disclosure obligations in line with applicable laws in the future.
BIF
Ft278.00
Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt
7D
1.1%
1Y
-33.8%
OTP
Ft45,380.00
OTP Bank Nyrt
7D
1.4%
1Y
59.6%
Narrative Update • Jul 10

OTP: Fair Outlook Balances Higher Earnings Quality With Capital Returns

Analysts have lifted their fair value estimate for OTP Bank Nyrt. to HUF 44,612.50 from HUF 34,571.31, citing updated assumptions related to revenue growth, profit margins and a slightly lower discount rate, as well as more constructive views on future P/E levels.
ZWACK
Ft38,500.00
Zwack Unicum Likoripari és Kereskedelmi Nyilvánosan Muködo Részvénytársaság
7D
1.0%
1Y
13.2%
NATURLAND
Ft2,840.00
NATURLAND Holding Vagyonkezelo es Befektetesi Nyilvanosan Mukodo Reszvenytarsasag
7D
3.6%
1Y
12.7%
ANY
Ft6,900.00
ANY Biztonsági Nyomda Nyrt
7D
-2.8%
1Y
-14.6%
SPLUS
€14.50
Shopper Park Plus Nyilvánosan Muködo Részvénytársaság
7D
-1.4%
1Y
20.8%
RICHTER
Ft11,630.00
Gedeon Richter
7D
-2.5%
1Y
11.3%
Narrative Update • Jun 26

RICHTER: Future Diabetes Franchise And Dividend Policy Will Shape Balanced Outlook

Analysts have adjusted their fair value estimate for Gedeon Richter from HUF 11,949 to HUF 12,931, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and a higher future P/E expectation. What's in the News Gedeon Richter and Hetero Labs signed a global collaboration agreement for the joint development, registration, and commercialization of Semaglutide Injection, a generic version of Ozempic.
OPUS
Ft367.00
OPUS GLOBAL Nyrt
7D
-1.2%
1Y
-37.9%
Analysis Article • Jun 23

There May Be Some Bright Spots In OPUS GLOBAL Nyrt's (BUSE:OPUS) Earnings

OPUS GLOBAL Nyrt.'s ( BUSE:OPUS ) stock was strong despite it releasing a soft earnings report last week. Our analysis...
MBHBANK
Ft2,780.00
MBH Bank Nyrt
7D
-2.8%
1Y
-54.4%
MTELEKOM
Ft2,648.00
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
7D
0.5%
1Y
51.3%
MASTERPLAST
Ft2,700.00
Masterplast Nyrt
7D
-1.5%
1Y
-6.6%
PANNERGY
Ft2,570.00
PannErgy Nyrt
7D
3.2%
1Y
67.4%
ALTEO
Ft3,490.00
ALTEO Energy Services
7D
-3.1%
1Y
-36.5%
DELTA
Ft53.60
Delta Group Nyilvánosan Mukodo Részvénytársaság
7D
9.7%
1Y
-12.7%