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Kuwaiti (PR) Market Analysis & Valuation

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies137
  • 7D0.8%
  • 3M-0.9%
  • 1Y16.7%
  • YTD-0.3%

In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 8.2%. More promisingly, the market is up 17% over the past year. Looking forward, earnings are forecast to grow by 5.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026د.ك51.6bد.ك16.4bد.ك3.1b15.5x16.7x3.1x
Thu, 18 Dec 2025د.ك52.1bد.ك16.5bد.ك3.1b16.1x16.8x3.1x
Sat, 15 Nov 2025د.ك51.9bد.ك16.6bد.ك3.2b17.5x16.1x3.1x
Mon, 13 Oct 2025د.ك51.2bد.ك16.3bد.ك3.2b18x16.2x3.1x
Wed, 10 Sep 2025د.ك50.8bد.ك16.3bد.ك3.2b16.9x16.1x3.1x
Fri, 08 Aug 2025د.ك50.2bد.ك16.4bد.ك2.8b16.7x17.7x3.1x
Sun, 06 Jul 2025د.ك49.0bد.ك16.2bد.ك2.7b15.9x17.9x3x
Tue, 03 Jun 2025د.ك47.7bد.ك16.3bد.ك2.7b15.4x17.6x2.9x
Thu, 01 May 2025د.ك46.8bد.ك16.2bد.ك2.7b14.9x17.3x2.9x
Sat, 29 Mar 2025د.ك46.8bد.ك16.1bد.ك2.7b15.6x17.2x2.9x
Mon, 24 Feb 2025د.ك46.9bد.ك16.0bد.ك2.6b15.3x18.2x2.9x
Wed, 22 Jan 2025د.ك44.7bد.ك15.9bد.ك2.5b15x17.6x2.8x
Fri, 20 Dec 2024د.ك42.6bد.ك15.9bد.ك2.5b14.8x16.8x2.7x
Sun, 17 Nov 2024د.ك42.8bد.ك16.1bد.ك2.5b14x17x2.7x
Tue, 15 Oct 2024د.ك41.2bد.ك15.9bد.ك2.5b14.2x16.6x2.6x
Thu, 12 Sep 2024د.ك41.7bد.ك15.9bد.ك2.5b14.3x16.9x2.6x
Sat, 10 Aug 2024د.ك41.3bد.ك15.8bد.ك2.5b13.9x16.8x2.6x
Mon, 08 Jul 2024د.ك40.8bد.ك15.5bد.ك2.4b13.5x16.7x2.6x
Wed, 05 Jun 2024د.ك40.8bد.ك15.4bد.ك2.4b13.4x16.7x2.6x
Fri, 03 May 2024د.ك40.8bد.ك15.1bد.ك2.4b14.1x16.9x2.7x
Sun, 31 Mar 2024د.ك42.9bد.ك15.1bد.ك2.5b14.7x17.4x2.8x
Tue, 27 Feb 2024د.ك44.0bد.ك14.9bد.ك2.6b15x16.8x2.9x
Thu, 25 Jan 2024د.ك43.3bد.ك15.4bد.ك2.6b14.4x16.4x2.8x
Sat, 23 Dec 2023د.ك40.3bد.ك15.3bد.ك2.6b13.5x15.5x2.6x
Mon, 20 Nov 2023د.ك39.3bد.ك15.3bد.ك2.6b13.5x15.3x2.6x
Wed, 18 Oct 2023د.ك38.7bد.ك14.9bد.ك2.4b13.5x16.2x2.6x
Fri, 15 Sep 2023د.ك41.4bد.ك14.8bد.ك2.4b14.2x17.3x2.8x
Sun, 13 Aug 2023د.ك42.0bد.ك14.5bد.ك2.4b14.4x17.6x2.9x
Tue, 11 Jul 2023د.ك42.4bد.ك14.5bد.ك2.2b14.9x19.4x2.9x
Thu, 08 Jun 2023د.ك40.3bد.ك14.5bد.ك2.2b14.4x18.5x2.8x
Sat, 06 May 2023د.ك41.4bد.ك14.2bد.ك2.2b14.3x18.5x2.9x
Mon, 03 Apr 2023د.ك41.2bد.ك13.8bد.ك2.0b13.8x20.4x3x
Wed, 01 Mar 2023د.ك42.7bد.ك13.6bد.ك1.9b13.9x22.3x3.2x
Fri, 27 Jan 2023د.ك43.2bد.ك13.3bد.ك1.9b14.8x23.2x3.3x
Price to Earnings Ratio

23.2x


Total Market Cap: د.ك43.2bTotal Earnings: د.ك1.9bTotal Revenue: د.ك13.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.5x202420252026
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 17.5x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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 Market0.84%
Energy2.66%
Tech2.48%
Real Estate2.22%
Materials1.11%
Financials0.91%
Telecom0.78%
Consumer Discretionary0.48%
Utilities0%0
Industrials-0.92%
Healthcare-1.07%
Consumer Staples-8.19%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.9x.
    • 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 26% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 9.0% 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.ك0.821.9%
+د.ك258.1m		16.0%PB2.4xFinancials
MABANEE Mabanee Company K.P.S.Cد.ك1.084.0%
+د.ك62.1m		43.5%PE19.1xReal Estate
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.711.0%
+د.ك30.9m		23.8%PB2.9xFinancials
NBK National Bank of KuwaitK.Pد.ك1.000.3%
+د.ك26.2m		13.0%PB1.8xFinancials
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.613.2%
+د.ك25.1m		43.3%PE10.7xTelecom
See more

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BURG
د.ك0.21
Burgan Bank K.P.S.C
7D
-1.4%
1Y
9.2%
BOUBYAN
د.ك0.71
Boubyan Bank K.S.C.P
7D
1.0%
1Y
23.8%
KFH
د.ك0.82
Kuwait Finance House K.S.C.P
7D
1.9%
1Y
16.0%
NBK
د.ك1.00
National Bank of KuwaitK.P
7D
0.3%
1Y
13.0%

NBK: Lower Margins And Higher P/E Will Likely Pressure Returns

Analysts have trimmed their price target on National Bank of Kuwait K.P., citing slightly lower fair value estimates, along with modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly, with the model value moving from 0.73691 to 0.73242.
WARBABANK
د.ك0.30
Warba Bank K.S.C.P
7D
1.7%
1Y
37.0%
OOREDOO
د.ك1.61
National Mobile Telecommunications Company K.S.C.P
7D
3.2%
1Y
43.3%
BOURSA
د.ك3.21
Boursa Kuwait Securities Company K.P.S.C
7D
-4.7%
1Y
37.2%
GFH
د.ك0.18
GFH Financial Group BSC
7D
1.7%
1Y
87.4%
CGC
د.ك1.04
Combined Group Contracting Company - K.S.C. (Public)
7D
-3.9%
1Y
65.3%
MABANEE
د.ك1.08
Mabanee Company K.P.S.C
7D
4.0%
1Y
43.5%
MEZZAN
د.ك1.17
Mezzan Holding Company K.S.C.P
7D
-8.6%
1Y
28.3%
GINS
د.ك0.74
Gulf Insurance Group K.S.C.P
7D
-7.5%
1Y
-34.5%
ACICO
د.ك0.43
ACICO Industries Company - K.S.C. (Public)
7D
17.9%
1Y
433.0%
IFA
د.ك0.43
International Financial Advisors Holding - KPSC
7D
-2.2%
1Y
12.2%
JAZEERA
د.ك1.51
Jazeera Airways K.S.C.P
7D
-5.2%
1Y
49.3%
KCEM
د.ك0.41
Kuwait Cement Company K.P.S.C
7D
-4.9%
1Y
72.9%