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Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies137
  • 7D1.4%
  • 3M-0.1%
  • 1Y12.2%
  • YTD-1.2%

The market has climbed 2.4% in the last 7 days, lead by the Financials sector with a gain of 2.3%. In the last year, the market has climbed 11%. Looking forward, earnings are forecast to grow by 8.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026د.ك51.5bد.ك15.0bد.ك2.9b15.1x17.8x3.4x
Sat, 14 Mar 2026د.ك50.3bد.ك16.4bد.ك3.1b14.6x16.5x3.1x
Mon, 09 Feb 2026د.ك51.1bد.ك16.4bد.ك3.1b15.4x16.7x3.1x
Wed, 07 Jan 2026د.ك51.8bد.ك16.6bد.ك3.1b15.8x16.7x3.1x
Fri, 05 Dec 2025د.ك51.8bد.ك16.5bد.ك3.1b16.3x16.7x3.1x
Sun, 02 Nov 2025د.ك52.7bد.ك16.5bد.ك3.2b18.6x16.6x3.2x
Tue, 30 Sep 2025د.ك51.3bد.ك16.3bد.ك3.2b17.8x16.3x3.1x
Thu, 28 Aug 2025د.ك49.9bد.ك16.3bد.ك3.2b16.7x15.8x3.1x
Sat, 26 Jul 2025د.ك50.1bد.ك16.3bد.ك2.8b16.9x18.1x3.1x
Mon, 23 Jun 2025د.ك46.8bد.ك16.3bد.ك2.7b15.3x17.3x2.9x
Wed, 21 May 2025د.ك47.2bد.ك16.3bد.ك2.7b15x17.3x2.9x
Fri, 18 Apr 2025د.ك46.2bد.ك16.2bد.ك2.7b15x17x2.9x
Sun, 16 Mar 2025د.ك45.8bد.ك16.1bد.ك2.7b15.6x17.1x2.8x
Tue, 11 Feb 2025د.ك46.3bد.ك15.9bد.ك2.6b14.9x18x2.9x
Thu, 09 Jan 2025د.ك43.8bد.ك15.9bد.ك2.5b14.3x17.3x2.8x
Sat, 07 Dec 2024د.ك42.7bد.ك16.1bد.ك2.5b15.1x17x2.7x
Mon, 04 Nov 2024د.ك41.7bد.ك16.0bد.ك2.5b14.8x16.6x2.6x
Wed, 02 Oct 2024د.ك41.9bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Fri, 30 Aug 2024د.ك42.0bد.ك15.9bد.ك2.5b14.1x17x2.6x
Sun, 28 Jul 2024د.ك41.8bد.ك15.6bد.ك2.5b13.9x17x2.7x
Tue, 25 Jun 2024د.ك40.8bد.ك15.5bد.ك2.4b13.6x16.7x2.6x
Thu, 23 May 2024د.ك41.5bد.ك15.4bد.ك2.4b13.1x17x2.7x
Sat, 20 Apr 2024د.ك40.6bد.ك15.1bد.ك2.5b13.8x16.5x2.7x
Mon, 18 Mar 2024د.ك43.3bد.ك15.0bد.ك2.6b15.1x16.9x2.9x
Wed, 14 Feb 2024د.ك42.9bد.ك14.9bد.ك2.6b14.8x16.5x2.9x
Fri, 12 Jan 2024د.ك42.1bد.ك15.3bد.ك2.6b13.9x15.9x2.7x
Sun, 10 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.5x15.1x2.6x
Tue, 07 Nov 2023د.ك39.0bد.ك14.9bد.ك2.5b13.2x15.6x2.6x
Thu, 05 Oct 2023د.ك40.4bد.ك14.9bد.ك2.4b13.6x16.9x2.7x
Sat, 02 Sep 2023د.ك41.3bد.ك14.8bد.ك2.4b14x17.2x2.8x
Mon, 31 Jul 2023د.ك42.7bد.ك14.4bد.ك2.3b14.7x18.5x3x
Wed, 28 Jun 2023د.ك41.3bد.ك14.5bد.ك2.2b14.6x18.9x2.8x
Fri, 26 May 2023د.ك39.6bد.ك14.5bد.ك2.2b14x18.1x2.7x
Sun, 23 Apr 2023د.ك42.2bد.ك14.0bد.ك2.2b14.1x19.6x3x
Price to Earnings Ratio

19.6x


Total Market Cap: د.ك42.2bTotal Earnings: د.ك2.2bTotal 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 2.4% 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 Market1.37%
Tech17.70%
Industrials3.15%
Consumer Staples2.43%
Materials1.73%
Telecom1.64%
Real Estate1.42%
Financials1.28%
Utilities0.70%
Consumer Discretionary0.63%
Energy-1.06%
Healthcare-2.15%
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.ك0.802.9%
+د.ك385.9m		20.1%PB2.1xFinancials
WARBABANK Warba Bank K.S.C.Pد.ك0.313.4%
+د.ك45.0m		49.1%PB1.4xFinancials
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.581.6%
+د.ك38.9m		21.6%PE10.5xTelecom
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.574.9%
+د.ك37.1m		51.8%PE10.2xTelecom
ABK Al Ahli Bank of Kuwait K.S.C.Pد.ك0.313.7%
+د.ك28.6m		12.3%PB1xFinancials
See more

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Latest News

ABK
د.ك0.31
Al Ahli Bank of Kuwait K.S.C.P
7D
3.7%
1Y
12.3%
BOUBYAN
د.ك0.66
Boubyan Bank K.S.C.P
7D
-0.3%
1Y
9.2%

BOUBYAN: Meetings Dividend And Stock Split Will Shape Steady Forward Outlook

Analysts have trimmed their price target for Boubyan Bank K.S.C.P. to reflect a fair value of KWD0.68 per share, down from KWD0.73, citing modest adjustments to the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What's in the News Board meeting scheduled for Jan 07, 2026 to consider the financial statement, which could clarify recent performance trends and capital plans (Key Developments).
ZAIN
د.ك0.58
Mobile Telecommunications Company K.S.C.P
7D
1.6%
1Y
21.6%

ZAIN: Cash Dividend And 2026 Guidance Will Support Future Upside

Analysts have made a slight trim to their fair value estimate for Mobile Telecommunications Company K.S.C.P. to KWD0.63357 per share from KWD0.635, reflecting updated assumptions around revenue growth, profit margin, and future P/E levels. What's in the News Company issued earnings guidance for 2026, indicating expectations for revenue growth in a 10% to 15% range and net income growth between 8% and 10% year over year (company guidance).
KFH
د.ك0.80
Kuwait Finance House K.S.C.P
7D
2.9%
1Y
20.1%
GBK
د.ك0.32
Gulf Bank K.S.C.P
7D
1.9%
1Y
0.9%

GBK: Future Stock Split And Dividend Will Support Bullish Outlook

Analysts now see slightly less upside for Gulf Bank K.S.C.P., trimming their implied fair value from KWD0.378 to KWD0.356 as they factor in more moderate assumptions for revenue, profit margin and future P/E. What's in the News Gulf Bank K.S.C.P. plans a 1.05 to 1 stock split or significant stock dividend dated April 6, 2026 (Key Developments).
NBK
د.ك0.88
National Bank of KuwaitK.P
7D
-2.1%
1Y
-1.6%

NBK: Compressed Profit Margins Will Likely Sustain Pressure On Overvalued Shares

Analysts have trimmed their KWD price target for National Bank of Kuwait K.P. They cited updated assumptions that include a fair value of 0.66 KWD compared with 0.73 KWD previously, a profit margin estimate of 41.0% versus 46.5%, and a future P/E of 17.2x versus 15.8x. What's in the News Board meeting scheduled for January 12, 2026, with an agenda to approve the financial statements for the fiscal year ended December 31, 2025, and the auditor's report (company event).
KCIN
د.ك1.22
Kuwait National Cinema Company (K.P.S.C)
7D
-10.2%
1Y
-2.2%
BURG
د.ك0.21
Burgan Bank K.P.S.C
7D
-0.8%
1Y
-3.4%

BURG: Revised Assumptions Will Shape Balanced Outlook For Future Share Performance

Analysts have trimmed their price target for Burgan Bank K.P.S.C. to KWD0.228 from KWD0.242, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: adjusted from KWD0.2417 to KWD0.2283, reflecting a modest downward revision in the estimated share value.
KUWAITRE
د.ك0.37
Kuwait Reinsurance Company K.S.C.P
7D
-5.8%
1Y
17.6%
NRE
د.ك0.084
National Real Estate Company - K.P.S.C
7D
16.6%
1Y
13.0%
URC
د.ك0.26
United Real Estate Company K.S.C.P
7D
-1.9%
1Y
45.5%
GFH
د.ك0.18
GFH Bank B.S.C
7D
3.4%
1Y
107.4%
NAPESCO
د.ك1.48
National Petroleum Services Company K.S.C.P
7D
-5.6%
1Y
49.3%
WARBABANK
د.ك0.31
Warba Bank K.S.C.P
7D
3.4%
1Y
49.1%
OOREDOO
د.ك1.57
National Mobile Telecommunications Company K.S.C.P
7D
4.9%
1Y
51.8%
IPG
د.ك0.63
Independent Petroleum Group K.S.C.P
7D
-9.8%
1Y
14.9%