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Kuwaiti (PR) Market Analysis & Valuation

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies137
  • 7D1.3%
  • 3M-0.7%
  • 1Y15.7%
  • YTD0.2%

Over the last 7 days, the market has risen 1.3%, driven by gains in every sector, especially the Financials sector. As for the past 12 months, the market is up 16%. 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
Sun, 25 Jan 2026د.ك51.8bد.ك16.4bد.ك3.1b15.3x16.8x3.2x
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
Price to Earnings Ratio

23.2x


Total Market Cap: د.ك43.0bTotal 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 Market1.31%
Consumer Staples6.06%
Tech5.88%
Energy5.18%
Materials3.39%
Real Estate2.15%
Utilities2.10%
Telecom2.04%
Consumer Discretionary1.67%
Industrials1.62%
Financials0.93%
Healthcare0.51%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 29.6x.
    • 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.ك0.831.3%
+د.ك189.3m		14.5%PB2.4xFinancials
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.666.0%
+د.ك47.1m		47.5%PE11.1xTelecom
NBK National Bank of KuwaitK.Pد.ك1.000.4%
+د.ك35.0m		10.7%PB1.8xFinancials
GFH GFH Financial Group BSCد.ك0.185.1%
+د.ك33.5m		96.2%PE17.4xFinancials
KPROJ Kuwait Projects Company Holding K.S.C.Pد.ك0.0827.7%
+د.ك26.9m		-15.8%PB0.4xFinancials
See more

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STC
د.ك0.71
Kuwait Telecommunications Company K.S.C.P
7D
3.2%
1Y
32.5%
KFH
د.ك0.83
Kuwait Finance House K.S.C.P
7D
1.3%
1Y
14.5%

KFH: AI Avatar Rollout Will Support Higher Long Term Earnings Multiple

Analysts have increased their fair value estimate for Kuwait Finance House K.S.C.P. from 0.80 to 0.94, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that refine their overall view of the bank's risk and earnings profile. What's in the News Kuwait Finance House is working with NCR Atleos Corporation to deploy a hyper-realistic conversational AI avatar at account service kiosks across its branches, aimed at providing real-time, personalized assistance to customers.
MEZZAN
د.ك1.23
Mezzan Holding Company K.S.C.P
7D
6.5%
1Y
34.9%
BURG
د.ك0.20
Burgan Bank K.P.S.C
7D
-1.0%
1Y
7.1%
GBK
د.ك0.35
Gulf Bank K.S.C.P
7D
-0.6%
1Y
23.7%
NBK
د.ك1.00
National Bank of KuwaitK.P
7D
0.4%
1Y
10.7%

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.ك0.29
Warba Bank K.S.C.P
7D
-0.7%
1Y
33.3%
OOREDOO
د.ك1.66
National Mobile Telecommunications Company K.S.C.P
7D
6.0%
1Y
47.5%
BOURSA
د.ك3.15
Boursa Kuwait Securities Company K.P.S.C
7D
-4.1%
1Y
32.5%
GFH
د.ك0.18
GFH Financial Group BSC
7D
5.1%
1Y
96.2%
CGC
د.ك0.98
Combined Group Contracting Company - K.S.C. (Public)
7D
-8.9%
1Y
57.5%
NAPESCO
د.ك1.57
National Petroleum Services Company K.S.C.P
7D
-1.7%
1Y
57.0%
GINS
د.ك0.77
Gulf Insurance Group K.S.C.P
7D
-3.1%
1Y
-27.2%
KPROJ
د.ك0.082
Kuwait Projects Company Holding K.S.C.P
7D
7.7%
1Y
-15.8%
ACICO
د.ك0.46
ACICO Industries Company - K.S.C. (Public)
7D
17.6%
1Y
474.3%
KCEM
د.ك0.41
Kuwait Cement Company K.P.S.C
7D
-1.0%
1Y
72.2%