Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies137
  • 7D2.0%
  • 3M-3.7%
  • 1Y13.2%
  • YTD-3.7%

The market has climbed 2.0% in the last 7 days, lead by the Financials sector with a gain of 1.8%. As for the past 12 months, the market is up 13%. Earnings are forecast to grow by 9.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026د.ك50.2bد.ك15.0bد.ك2.8b14.6x17.9x3.4x
Thu, 05 Mar 2026د.ك49.3bد.ك16.4bد.ك3.1b14.4x16x3x
Sat, 31 Jan 2026د.ك50.1bد.ك16.4bد.ك3.1b15.3x16.3x3.1x
Mon, 29 Dec 2025د.ك52.6bد.ك16.6bد.ك3.1b16x17x3.2x
Wed, 26 Nov 2025د.ك51.8bد.ك16.6bد.ك3.0b16.9x17x3.1x
Fri, 24 Oct 2025د.ك52.1bد.ك16.4bد.ك3.2b18.5x16.5x3.2x
Sun, 21 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.6x16.3x3.2x
Tue, 19 Aug 2025د.ك50.7bد.ك16.4bد.ك2.9b16.2x17.6x3.1x
Thu, 17 Jul 2025د.ك49.8bد.ك16.2bد.ك2.7b16.3x18.2x3.1x
Sat, 14 Jun 2025د.ك47.8bد.ك16.3bد.ك2.7b15.2x17.6x2.9x
Mon, 12 May 2025د.ك47.3bد.ك16.2bد.ك2.7b14.8x17.5x2.9x
Wed, 09 Apr 2025د.ك45.0bد.ك16.2bد.ك2.7b15.4x16.5x2.8x
Fri, 07 Mar 2025د.ك47.0bد.ك16.1bد.ك2.7b15.3x17.6x2.9x
Sun, 02 Feb 2025د.ك45.1bد.ك16.0bد.ك2.6b14.9x17.6x2.8x
Tue, 31 Dec 2024د.ك43.2bد.ك15.9bد.ك2.5b15x17x2.7x
Thu, 28 Nov 2024د.ك42.4bد.ك16.1bد.ك2.5b14.7x16.8x2.6x
Sat, 26 Oct 2024د.ك41.3bد.ك15.9bد.ك2.5b14.7x16.4x2.6x
Mon, 23 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Wed, 21 Aug 2024د.ك41.6bد.ك15.9bد.ك2.5b13.6x16.8x2.6x
Fri, 19 Jul 2024د.ك41.5bد.ك15.5bد.ك2.4b13.7x16.9x2.7x
Sun, 16 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.7x16.8x2.7x
Tue, 14 May 2024د.ك41.8bد.ك15.3bد.ك2.5b13.6x16.9x2.7x
Thu, 11 Apr 2024د.ك41.7bد.ك15.1bد.ك2.5b14.3x17x2.8x
Sat, 09 Mar 2024د.ك43.2bد.ك15.0bد.ك2.6b15x16.7x2.9x
Mon, 05 Feb 2024د.ك42.4bد.ك15.3bد.ك2.6b14.2x16.2x2.8x
Wed, 03 Jan 2024د.ك40.8bد.ك15.3bد.ك2.6b13.7x15.5x2.7x
Fri, 01 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Sun, 29 Oct 2023د.ك38.4bد.ك15.2bد.ك2.5b13.3x15.4x2.5x
Tue, 26 Sep 2023د.ك40.5bد.ك14.9bد.ك2.4b14x16.9x2.7x
Thu, 24 Aug 2023د.ك41.4bد.ك14.8bد.ك2.4b14x17.3x2.8x
Sat, 22 Jul 2023د.ك43.0bد.ك14.6bد.ك2.2b15.3x19.5x3x
Mon, 19 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.7x19x2.9x
Wed, 17 May 2023د.ك40.0bد.ك14.4bد.ك2.2b13.9x17.8x2.8x
Fri, 14 Apr 2023د.ك41.1bد.ك14.0bد.ك2.1b14x19.7x2.9x
Price to Earnings Ratio

19.7x


Total Market Cap: د.ك41.1bTotal Earnings: د.ك2.1bTotal Revenue: د.ك14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Kuwaiti 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 17.1x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 10% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Kuwaiti Market?

KW Market1.99%
Consumer Staples6.35%
Energy6.00%
Industrials4.38%
Telecom1.95%
Real Estate1.83%
Financials1.80%
Consumer Discretionary1.46%
Utilities1.45%
Materials0.24%
Healthcare-0.33%
Tech-0.91%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 21% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 6.0% 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
KFH Kuwait Finance House K.S.C.Pد.ك0.821.5%
+د.ك206.5m		14.3%PB2.2xFinancials
NBK National Bank of KuwaitK.Pد.ك0.891.3%
+د.ك107.1m		-0.3%PB1.6xFinancials
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.651.7%
+د.ك51.0m		13.4%PB2.8xFinancials
MABANEE Mabanee Company K.P.S.Cد.ك0.882.6%
+د.ك35.1m		17.3%PE16.3xReal Estate
IPG Independent Petroleum Group K.S.C.Pد.ك0.7031.5%
+د.ك30.6m		25.9%PE12.5xEnergy
See more

Market Insights

Header cover image
What’s happening with Renewables & EVs?
Richard Bowman avatar
Richard Bowman
Part 1 of 3 in our “What’s happening with…” series, where we look back on the investment themes that were all the rage just a few years ago and see how they're doing now.
Continue reading
How to spot the winners in 2026's IPOs

Latest News

CGC
د.ك0.86
Combined Group Contracting Company - K.S.C. (Public)
7D
-12.9%
1Y
35.8%
KFH
د.ك0.82
Kuwait Finance House K.S.C.P
7D
1.5%
1Y
14.3%

KFH: Elevated Discount Rate Will Continue To Outweigh Dividend Appeal

Analysts have revised their KWD price target for Kuwait Finance House K.S.C.P., with the change linked to updated assumptions around a 20.01% discount rate, 7.64% revenue growth, a 41.39% profit margin, and a forward P/E of 24.79x. What's in the News Shareholders approved amendments to Article 9 of the Memorandum of Association and Article 5 of the Articles of Association, confirming authorized, issued and paid up capital at KD 1.847b, split across 18,477,123,275 shares at 100 Fils per share, all in cash (Key Developments).
CABLE
د.ك1.90
Gulf Cables and Electrical Industries Group Company - KPSC
7D
-4.7%
1Y
-5.7%
TAMINV
د.ك1.29
Tamdeen Investment Company - KSCP
7D
9.9%
1Y
73.2%
MABANEE
د.ك0.88
Mabanee Company K.P.S.C
7D
2.6%
1Y
17.3%
STC
د.ك0.63
Kuwait Telecommunications Company K.S.C.P
7D
-5.8%
1Y
12.9%
BOUBYAN
د.ك0.65
Boubyan Bank K.S.C.P
7D
1.7%
1Y
13.4%

BOUBYAN: Board Meeting And Dividend Plan Will Support Steady Outlook

Analysts have adjusted their price target on Boubyan Bank K.S.C.P., reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. Taken together, these changes leave the intrinsic value estimate broadly unchanged at KWD 0.73.
NBK
د.ك0.89
National Bank of KuwaitK.P
7D
1.3%
1Y
-0.3%
ZAIN
د.ك0.56
Mobile Telecommunications Company K.S.C.P
7D
-0.9%
1Y
20.2%

ZAIN: Cash Dividend And Earnings Guidance Will Support Future Upside

Analysts have trimmed their 12 month price target for Mobile Telecommunications Company K.S.C.P. slightly to KWD 0.635, reflecting only minor tweaks to revenue growth, profit margin assumptions and the forward P/E multiple, while keeping the overall fair value view intact. What's in the News Management issued earnings guidance for 2026, with revenue expected in a 10% to 15% growth range and net income anticipated to grow 8% to 10% year over year (Key Developments).
NINV
د.ك0.25
National Investments Company K.S.C.P
7D
-10.1%
1Y
4.2%
CBK
د.ك0.46
Commercial Bank of Kuwait K.P.S.C
7D
-4.6%
1Y
-33.1%
NIND
د.ك0.24
National Industries Group Holding - KPSC
7D
4.4%
1Y
5.9%
BOURSA
د.ك2.83
Boursa Kuwait Securities Company K.P.S.C
7D
4.7%
1Y
10.8%
KCEM
د.ك0.40
Kuwait Cement Company K.P.S.C
7D
-8.5%
1Y
80.1%
GBK
د.ك0.31
Gulf Bank K.S.C.P
7D
-2.3%
1Y
-1.7%
IPG
د.ك0.70
Independent Petroleum Group K.S.C.P
7D
31.5%
1Y
25.9%