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Kuwaiti (PR) Market Analysis & Valuation

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies137
  • 7D-1.6%
  • 3M-5.0%
  • 1Y3.1%
  • YTD-4.8%

Over the last 7 days, the market has dropped 1.6%, driven by a loss of 1.8% in the Financials sector. In the last year, the market is actually up 3.1%. As for the next few years, earnings are expected to grow by 9.3% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026د.ك49.3bد.ك16.4bد.ك3.1b14.4x16x3x
Sat, 31 Jan 2026د.ك50.1bد.ك16.4bد.ك3.1b15.3x16.3x3.1x
Mon, 29 Dec 2025د.ك52.6bد.ك16.6bد.ك3.1b16x17x3.2x
Wed, 26 Nov 2025د.ك51.8bد.ك16.6bد.ك3.0b16.9x17x3.1x
Fri, 24 Oct 2025د.ك52.1bد.ك16.4bد.ك3.2b18.5x16.5x3.2x
Sun, 21 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.6x16.3x3.2x
Tue, 19 Aug 2025د.ك50.7bد.ك16.4bد.ك2.9b16.2x17.6x3.1x
Thu, 17 Jul 2025د.ك49.8bد.ك16.2bد.ك2.7b16.3x18.2x3.1x
Sat, 14 Jun 2025د.ك47.8bد.ك16.3bد.ك2.7b15.2x17.6x2.9x
Mon, 12 May 2025د.ك47.3bد.ك16.2bد.ك2.7b14.8x17.5x2.9x
Wed, 09 Apr 2025د.ك45.0bد.ك16.2bد.ك2.7b15.4x16.5x2.8x
Fri, 07 Mar 2025د.ك47.0bد.ك16.1bد.ك2.7b15.3x17.6x2.9x
Sun, 02 Feb 2025د.ك45.1bد.ك16.0bد.ك2.6b14.9x17.6x2.8x
Tue, 31 Dec 2024د.ك43.2bد.ك15.9bد.ك2.5b15x17x2.7x
Thu, 28 Nov 2024د.ك42.4bد.ك16.1bد.ك2.5b14.7x16.8x2.6x
Sat, 26 Oct 2024د.ك41.3bد.ك15.9bد.ك2.5b14.7x16.4x2.6x
Mon, 23 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Wed, 21 Aug 2024د.ك41.6bد.ك15.9bد.ك2.5b13.6x16.8x2.6x
Fri, 19 Jul 2024د.ك41.5bد.ك15.5bد.ك2.4b13.7x16.9x2.7x
Sun, 16 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.7x16.8x2.7x
Tue, 14 May 2024د.ك41.8bد.ك15.3bد.ك2.5b13.6x16.9x2.7x
Thu, 11 Apr 2024د.ك41.7bد.ك15.1bد.ك2.5b14.3x17x2.8x
Sat, 09 Mar 2024د.ك43.2bد.ك15.0bد.ك2.6b15x16.7x2.9x
Mon, 05 Feb 2024د.ك42.4bد.ك15.3bد.ك2.6b14.2x16.2x2.8x
Wed, 03 Jan 2024د.ك40.8bد.ك15.3bد.ك2.6b13.7x15.5x2.7x
Fri, 01 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Sun, 29 Oct 2023د.ك38.4bد.ك15.2bد.ك2.5b13.3x15.4x2.5x
Tue, 26 Sep 2023د.ك40.5bد.ك14.9bد.ك2.4b14x16.9x2.7x
Thu, 24 Aug 2023د.ك41.4bد.ك14.8bد.ك2.4b14x17.3x2.8x
Sat, 22 Jul 2023د.ك43.0bد.ك14.6bد.ك2.2b15.3x19.5x3x
Mon, 19 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.7x19x2.9x
Wed, 17 May 2023د.ك40.0bد.ك14.4bد.ك2.2b13.9x17.8x2.8x
Fri, 14 Apr 2023د.ك41.1bد.ك14.0bد.ك2.1b14x19.7x2.9x
Sun, 12 Mar 2023د.ك43.0bد.ك13.6bد.ك2.0b13.9x22x3.2x
Price to Earnings Ratio

22x


Total Market Cap: د.ك43.0bTotal Earnings: د.ك2.0bTotal Revenue: د.ك13.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.3x202420252026
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 17.3x.
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 Market-1.56%
Healthcare2.67%
Telecom1.90%
Materials0.35%
Consumer Discretionary-0.64%
Financials-1.84%
Tech-1.85%
Energy-1.98%
Utilities-2.08%
Industrials-2.44%
Real Estate-2.62%
Consumer Staples-3.78%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 36.3x.
    • 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
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.562.6%
+د.ك60.6m		18.6%PE10.1xTelecom
NBK National Bank of KuwaitK.Pد.ك0.950.6%
+د.ك52.5m		-4.4%PB1.7xFinancials
WARBABANK Warba Bank K.S.C.Pد.ك0.292.4%
+د.ك31.5m		37.8%PB1.4xFinancials
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.682.7%
+د.ك22.1m		51.2%PE10.9xTelecom
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.680.7%
+د.ك22.1m		7.5%PB2.7xFinancials
See more

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Latest News

ABK
د.ك0.30
Al Ahli Bank of Kuwait K.S.C.P
7D
-2.3%
1Y
-3.1%
KFH
د.ك0.80
Kuwait Finance House K.S.C.P
7D
-0.9%
1Y
7.5%

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.
HUMANSOFT
د.ك2.72
Humansoft Holding Company K.S.C.P
7D
3.8%
1Y
9.3%
JAZEERA
د.ك1.79
Jazeera Airways K.S.C.P
7D
-6.2%
1Y
86.0%

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

Catalysts About Jazeera Airways K.S.C.P Jazeera Airways K.S.C.P is a Kuwait based low cost airline operating Airbus A320 family aircraft with a hub at Kuwait International Airport Terminal 5. What are the underlying business or industry changes driving this perspective?
BOURSA
د.ك2.90
Boursa Kuwait Securities Company K.P.S.C
7D
-6.5%
1Y
-2.5%
ZAIN
د.ك0.56
Mobile Telecommunications Company K.S.C.P
7D
2.6%
1Y
18.6%

ZAIN: Higher Revenue Outlook And Stable Discount Rate Will Support Future Upside

Analysts have nudged their fair value estimate for Mobile Telecommunications Company K.S.C.P. higher from KWD 0.633 to KWD 0.644, citing updated assumptions that combine a higher forecast revenue growth rate with a slightly lower profit margin and a modestly higher future P/E multiple. What's in the News Management issued earnings guidance for 2026, with revenue growth expected in a 10% to 15% range and net income anticipated to grow 8% to 10% year over year (company guidance).
NBK
د.ك0.95
National Bank of KuwaitK.P
7D
0.6%
1Y
-4.4%

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).
BOUBYAN
د.ك0.68
Boubyan Bank K.S.C.P
7D
0.7%
1Y
7.5%

BOUBYAN: Upcoming Meetings And Dividend Decision Will Support Steady Outlook

Analysts have kept their KWD fair value estimate for Boubyan Bank K.S.C.P. effectively unchanged at KWD0.73, citing only marginal tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E that do not materially alter their overall price target view. What's in the News Annual cash dividend of KWD 0.0070 per share announced, payable on April 05, 2026, with ex date on March 29, 2026 and record date on March 31, 2026 (Key Developments).
GIH
د.ك0.42
Gulf Investment House - KPSC
7D
-9.7%
1Y
-25.0%
MABANEE
د.ك0.97
Mabanee Company K.P.S.C
7D
-1.1%
1Y
23.9%
TAMINV
د.ك1.17
Tamdeen Investment Company - KSCP
7D
-9.7%
1Y
63.1%
WARBABANK
د.ك0.29
Warba Bank K.S.C.P
7D
2.4%
1Y
37.8%
STC
د.ك0.67
Kuwait Telecommunications Company K.S.C.P
7D
2.3%
1Y
19.0%
OOREDOO
د.ك1.68
National Mobile Telecommunications Company K.S.C.P
7D
2.7%
1Y
51.2%
KPROJ
د.ك0.078
Kuwait Projects Company Holding K.S.C.P
7D
-4.8%
1Y
-20.3%
NIND
د.ك0.26
National Industries Group Holding - KPSC
7D
2.4%
1Y
-1.5%