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Kuwaiti (PR) Market Analysis & Valuation

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies138
  • 7D-0.7%
  • 3M0.8%
  • 1Y23.5%
  • YTD21.4%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.9% in that time. Meanwhile, the market is actually up 24% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Dec 2025د.ك52.5bد.ك16.5bد.ك3.1b15.9x17x3.2x
Thu, 20 Nov 2025د.ك51.7bد.ك16.2bد.ك3.1b16.3x16.9x3.2x
Sat, 18 Oct 2025د.ك51.7bد.ك16.3bد.ك3.2b17.9x16.4x3.2x
Mon, 15 Sep 2025د.ك51.2bد.ك16.3bد.ك3.2b17.3x16.2x3.1x
Wed, 13 Aug 2025د.ك50.4bد.ك16.3bد.ك2.8b17.1x17.7x3.1x
Fri, 11 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.1x18.4x3.1x
Sun, 08 Jun 2025د.ك47.8bد.ك16.3bد.ك2.7b15.4x17.6x2.9x
Tue, 06 May 2025د.ك46.9bد.ك16.2bد.ك2.7b14.9x17.3x2.9x
Thu, 03 Apr 2025د.ك46.5bد.ك16.2bد.ك2.7b15.6x17.1x2.9x
Sat, 01 Mar 2025د.ك46.9bد.ك16.0bد.ك2.6b15.3x18.2x2.9x
Mon, 27 Jan 2025د.ك45.0bد.ك15.9bد.ك2.5b15x17.7x2.8x
Wed, 25 Dec 2024د.ك42.9bد.ك15.9bد.ك2.5b15x16.9x2.7x
Fri, 22 Nov 2024د.ك42.9bد.ك16.1bد.ك2.5b14.7x17x2.7x
Sun, 20 Oct 2024د.ك41.8bد.ك15.9bد.ك2.5b15.2x16.8x2.6x
Tue, 17 Sep 2024د.ك41.8bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Thu, 15 Aug 2024د.ك41.5bد.ك15.8bد.ك2.5b14.2x16.8x2.6x
Sat, 13 Jul 2024د.ك41.4bد.ك15.5bد.ك2.4b13.9x17x2.7x
Mon, 10 Jun 2024د.ك40.9bد.ك15.4bد.ك2.4b13.8x16.7x2.6x
Wed, 08 May 2024د.ك40.8bد.ك15.2bد.ك2.4b13.9x16.8x2.7x
Fri, 05 Apr 2024د.ك43.6bد.ك15.1bد.ك2.5b14.5x17.8x2.9x
Sun, 03 Mar 2024د.ك43.3bد.ك14.9bد.ك2.6b15.2x16.7x2.9x
Tue, 30 Jan 2024د.ك43.1bد.ك15.4bد.ك2.6b14.3x16.3x2.8x
Thu, 28 Dec 2023د.ك40.1bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Sat, 25 Nov 2023د.ك39.4bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Mon, 23 Oct 2023د.ك39.9bد.ك15.1bد.ك2.5b14x16.1x2.6x
Wed, 20 Sep 2023د.ك41.2bد.ك14.8bد.ك2.4b14.2x17.2x2.8x
Fri, 18 Aug 2023د.ك41.8bد.ك14.9bد.ك2.4b14.1x17.5x2.8x
Sun, 16 Jul 2023د.ك43.0bد.ك14.5bد.ك2.2b15.4x19.7x3x
Tue, 13 Jun 2023د.ك40.6bد.ك14.5bد.ك2.2b14.4x18.6x2.8x
Thu, 11 May 2023د.ك41.0bد.ك14.2bد.ك2.2b14.3x18.3x2.9x
Sat, 08 Apr 2023د.ك41.0bد.ك13.8bد.ك2.0b13.7x20.3x3x
Mon, 06 Mar 2023د.ك43.2bد.ك13.6bد.ك1.9b14x22.3x3.2x
Wed, 01 Feb 2023د.ك43.0bد.ك13.3bد.ك1.9b14.5x23.2x3.2x
Fri, 30 Dec 2022د.ك42.7bد.ك13.2bد.ك1.9b14.5x22.8x3.2x
Price to Earnings Ratio

22.8x


Total Market Cap: د.ك42.7bTotal Earnings: د.ك1.9bTotal Revenue: د.ك13.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
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 7.7% 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 Market-0.67%
Healthcare3.86%
Telecom0.24%
Real Estate0.15%
Consumer Discretionary-0.14%
Financials-0.78%
Energy-0.82%
Industrials-0.85%
Materials-1.80%
Utilities-1.96%
Tech-2.82%
Consumer Staples-6.25%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 24.4x.
    • 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 Materials sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 27% 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.ك0.820.6%
+د.ك86.0m		18.4%PB2.4xFinancials
MABANEE Mabanee Company K.P.S.Cد.ك1.144.5%
+د.ك72.5m		54.1%PE20.3xReal Estate
GIH Gulf Investment House - KPSCد.ك0.6117.6%
+د.ك37.2m		9.6%PE67.6xFinancials
BOURSA Boursa Kuwait Securities Company K.P.S.Cد.ك3.723.0%
+د.ك22.1m		59.8%PE27.8xFinancials
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.521.0%
+د.ك21.6m		10.8%PE9xTelecom
See more

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Latest News

KFH
د.ك0.82
Kuwait Finance House K.S.C.P
7D
0.6%
1Y
18.4%

KFH: Future Earnings Multiple Compression Will Likely Outweigh AI Branch Avatar Upside

Analysts have modestly lowered their 12 month price target for Kuwait Finance House K.S.C.P., reflecting slightly softer assumptions for fair value, revenue growth and future earnings multiples while largely maintaining their profit margin outlook. What's in the News Kuwait Finance House is collaborating with NCR Atleos to roll out AI powered video avatars at in branch kiosks, providing real time, personalized support and the ability to escalate to live agents when needed (Client Announcements) The Atleos partnership includes AI driven speech analytics and automated quality management, allowing KFH to track customer sentiment, categorize topics, and optimize service quality across its network (Client Announcements) KFH is positioning itself as a digital transformation leader in Kuwait by using AI avatars to improve operational efficiency, reduce branch costs, and free human staff to focus on more complex customer needs (Client Announcements) The Board of Directors has scheduled a meeting on October 9, 2025 to review and approve interim financial results for the nine months ended September 30, 2025 (Board Meeting) Valuation Changes Fair Value Estimate was reduced modestly from KWD 0.271 to KWD 0.234 per share, implying a slightly lower central valuation scenario.
TAMINV
د.ك1.12
Tamdeen Investment Company - KSCP
7D
-10.4%
1Y
13.8%
BOURSA
د.ك3.72
Boursa Kuwait Securities Company K.P.S.C
7D
3.0%
1Y
59.8%
MABANEE
د.ك1.14
Mabanee Company K.P.S.C
7D
4.5%
1Y
54.1%
ALTIJARIA
د.ك0.20
Commercial Real Estate Company K.P.S.C
7D
-4.7%
1Y
34.5%
GIH
د.ك0.61
Gulf Investment House - KPSC
7D
17.6%
1Y
9.6%
IFAHR
د.ك1.06
IFA Hotels and Resorts - KPSC
7D
-3.4%
1Y
-12.3%
URC
د.ك0.25
United Real Estate Company K.S.C.P
7D
4.6%
1Y
148.6%
AAYAN
د.ك0.24
A'ayan Leasing and Investment Company K.S.C.P
7D
7.2%
1Y
50.3%
ARZAN
د.ك0.35
Arzan Financial Group for Financing and Investment - KPSC
7D
-2.7%
1Y
42.8%
JAZEERA
د.ك1.69
Jazeera Airways K.S.C.P
7D
-2.8%
1Y
63.1%
ZAIN
د.ك0.52
Mobile Telecommunications Company K.S.C.P
7D
1.0%
1Y
10.8%
KUWAITRE
د.ك0.40
Kuwait Reinsurance Company K.S.C.P
7D
-17.1%
1Y
17.7%
GBK
د.ك0.36
Gulf Bank K.S.C.P
7D
-1.4%
1Y
14.1%
HUMANSOFT
د.ك2.62
Humansoft Holding Company K.S.C.P
7D
5.9%
1Y
-1.3%
BOUBYAN
د.ك0.73
Boubyan Bank K.S.C.P
7D
-0.8%
1Y
34.9%