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Kuwaiti (PR) Market Analysis & Valuation

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies137
  • 7D0.8%
  • 3M-6.2%
  • 1Y4.9%
  • YTD-4.4%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 8.9%. Meanwhile, the market is actually up 4.9% over the past year. Looking forward, earnings are forecast to grow by 9.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026د.ك49.5bد.ك16.4bد.ك3.0b14.5x16.3x3x
Thu, 05 Feb 2026د.ك51.0bد.ك16.4bد.ك3.0b15.3x16.7x3.1x
Sat, 03 Jan 2026د.ك52.2bد.ك16.6bد.ك3.1b16.1x16.8x3.1x
Mon, 01 Dec 2025د.ك51.7bد.ك16.5bد.ك3.1b16.7x16.8x3.1x
Wed, 29 Oct 2025د.ك52.0bد.ك16.4bد.ك3.2b18.6x16.4x3.2x
Fri, 26 Sep 2025د.ك51.2bد.ك16.3bد.ك3.2b17.6x16.2x3.1x
Sun, 24 Aug 2025د.ك50.7bد.ك16.3bد.ك3.1b16.7x16.3x3.1x
Tue, 22 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b17.1x18.4x3.1x
Thu, 19 Jun 2025د.ك46.2bد.ك16.3bد.ك2.7b14.4x17x2.8x
Sat, 17 May 2025د.ك47.5bد.ك16.3bد.ك2.7b14.8x17.3x2.9x
Mon, 14 Apr 2025د.ك45.9bد.ك16.2bد.ك2.7b15.1x16.9x2.8x
Wed, 12 Mar 2025د.ك46.3bد.ك16.1bد.ك2.7b15x17.3x2.9x
Fri, 07 Feb 2025د.ك45.7bد.ك15.9bد.ك2.6b15.2x17.9x2.9x
Sun, 05 Jan 2025د.ك43.1bد.ك15.9bد.ك2.5b14.3x17x2.7x
Tue, 03 Dec 2024د.ك42.5bد.ك16.1bد.ك2.5b14.8x16.9x2.6x
Thu, 31 Oct 2024د.ك42.1bد.ك15.9bد.ك2.5b14.9x16.8x2.6x
Sat, 28 Sep 2024د.ك42.1bد.ك15.9bد.ك2.5b14.5x17x2.7x
Mon, 26 Aug 2024د.ك41.7bد.ك15.9bد.ك2.5b13.9x16.9x2.6x
Wed, 24 Jul 2024د.ك41.6bد.ك15.5bد.ك2.5b13.9x17x2.7x
Fri, 21 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.5x16.9x2.7x
Sun, 19 May 2024د.ك41.6bد.ك15.4bد.ك2.4b13.4x17x2.7x
Tue, 16 Apr 2024د.ك41.3bد.ك15.1bد.ك2.5b13.9x16.8x2.7x
Thu, 14 Mar 2024د.ك43.5bد.ك15.0bد.ك2.6b15.1x16.8x2.9x
Sat, 10 Feb 2024د.ك42.4bد.ك14.9bد.ك2.6b14.9x16.2x2.8x
Mon, 08 Jan 2024د.ك41.5bد.ك15.3bد.ك2.6b13.7x15.7x2.7x
Wed, 06 Dec 2023د.ك39.2bد.ك15.3bد.ك2.6b13.3x15.2x2.6x
Fri, 03 Nov 2023د.ك38.6bد.ك15.2bد.ك2.5b13.3x15.4x2.5x
Sun, 01 Oct 2023د.ك40.6bد.ك14.9bد.ك2.4b14x17x2.7x
Tue, 29 Aug 2023د.ك41.3bد.ك14.8bد.ك2.4b13.9x17.2x2.8x
Thu, 27 Jul 2023د.ك42.8bد.ك14.7bد.ك2.3b15.2x18.6x2.9x
Sat, 24 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.7x19x2.9x
Mon, 22 May 2023د.ك40.0bد.ك14.5bد.ك2.2b14.4x18.3x2.8x
Wed, 19 Apr 2023د.ك42.0bد.ك14.0bد.ك2.1b14.4x20.1x3x
Fri, 17 Mar 2023د.ك41.5bد.ك13.6bد.ك2.0b13.6x21.2x3x
Price to Earnings Ratio

21.2x


Total Market Cap: د.ك41.5bTotal Earnings: د.ك2.0bTotal Revenue: د.ك13.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.2x202420252026
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 17.2x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market0.83%
Tech8.89%
Energy2.61%
Utilities2.17%
Consumer Discretionary2.02%
Financials1.27%
Healthcare0%0
Real Estate-0.016%
Telecom-0.66%
Materials-0.80%
Industrials-1.26%
Consumer Staples-4.06%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 37.3x.
    • 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 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% 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
NBK National Bank of KuwaitK.Pد.ك0.951.9%
+د.ك157.4m		-3.5%PB1.6xFinancials
KFH Kuwait Finance House K.S.C.Pد.ك0.810.7%
+د.ك103.2m		10.2%PB2.2xFinancials
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.693.4%
+د.ك101.4m		11.8%PB2.7xFinancials
WARBABANK Warba Bank K.S.C.Pد.ك0.293.5%
+د.ك45.0m		36.7%PB1.3xFinancials
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.714.7%
+د.ك38.6m		52.1%PE11.1xTelecom
See more

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Boursa Kuwait Securities Company K.P.S.C
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BOUBYAN
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Boubyan Bank K.S.C.P
7D
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BURG
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Burgan Bank K.P.S.C
7D
3.0%
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BURG: Steady Fair Value And Margins Will Support A More Attractive Future P/E

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KAMCO
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KAMCO Investment Company K.S.C.P
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WARBABANK
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Warba Bank K.S.C.P
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GINS
د.ك0.75
Gulf Insurance Group K.S.C.P
7D
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1Y
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KFH
د.ك0.81
Kuwait Finance House K.S.C.P
7D
0.7%
1Y
10.2%

KFH: Higher Dividend Payouts Will Likely Fail To Counter Rich Earnings Multiple

Analysts have nudged their price target for Kuwait Finance House K.S.C.P. slightly higher to reflect a KWD 0.24 fair value, supported by small refinements to discount rate assumptions, revenue growth expectations, and future P/E estimates. What's in the News Kuwait Finance House K.S.C.P. has a recommended cash dividend for the year ending 31 December 2025 of 14% of par value per share, or Fils 14 per share.
JAZEERA
د.ك1.64
Jazeera Airways K.S.C.P
7D
-5.2%
1Y
71.0%

Saudi Charter Ambitions And Higher Density Cabins Will Likely Pressure Future Margins

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ZAIN
د.ك0.56
Mobile Telecommunications Company K.S.C.P
7D
-1.2%
1Y
20.0%

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NBK
د.ك0.95
National Bank of KuwaitK.P
7D
1.9%
1Y
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NBK: Upcoming 2025 Results Review And Dividend Will Support Bullish Repricing

Analysts have kept their KWD price target for National Bank of Kuwait K.P. broadly unchanged, reflecting only very small adjustments to inputs such as discount rate, revenue, profit margin, and forward P/E assumptions. What's in the News A board meeting is scheduled for January 12, 2026, to approve the financial statements for the fiscal year ended December 31, 2025, and the auditor's report (company event filing).
GBK
د.ك0.34
Gulf Bank K.S.C.P
7D
1.2%
1Y
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GFH
د.ك0.18
GFH Financial Group BSC
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4.1%
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84.8%
TAMINV
د.ك1.17
Tamdeen Investment Company - KSCP
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-9.7%
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STC
د.ك0.64
Kuwait Telecommunications Company K.S.C.P
7D
-6.2%
1Y
15.0%
OOREDOO
د.ك1.71
National Mobile Telecommunications Company K.S.C.P
7D
4.7%
1Y
52.1%
CGC
د.ك0.90
Combined Group Contracting Company - K.S.C. (Public)
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