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Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies137
  • 7D1.9%
  • 3M-2.7%
  • 1Y10.3%
  • YTD-2.8%

Over the last 7 days, the market has risen 1.9%, driven by gains of 2.1% in the Financials sector. In the last year, the market has climbed 10%. Looking forward, earnings are forecast to grow by 9.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026د.ك50.6bد.ك14.9bد.ك2.9b14.8x17.5x3.4x
Mon, 09 Mar 2026د.ك49.8bد.ك16.4bد.ك3.0b14.6x16.3x3x
Wed, 04 Feb 2026د.ك51.3bد.ك16.4bد.ك3.1b15.2x16.7x3.1x
Fri, 02 Jan 2026د.ك52.2bد.ك16.6bد.ك3.1b16.1x16.8x3.1x
Sun, 30 Nov 2025د.ك51.6bد.ك16.5bد.ك3.1b16.7x16.7x3.1x
Tue, 28 Oct 2025د.ك51.7bد.ك16.4bد.ك3.2b18.4x16.4x3.2x
Thu, 25 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.7x16.3x3.2x
Sat, 23 Aug 2025د.ك50.7bد.ك16.3bد.ك3.1b16.7x16.3x3.1x
Mon, 21 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.9x18.4x3.1x
Wed, 18 Jun 2025د.ك46.9bد.ك16.3bد.ك2.7b14.5x17.3x2.9x
Fri, 16 May 2025د.ك47.5bد.ك16.3bد.ك2.7b14.8x17.3x2.9x
Sun, 13 Apr 2025د.ك45.9bد.ك16.2bد.ك2.7b15.1x16.9x2.8x
Tue, 11 Mar 2025د.ك46.7bد.ك16.1bد.ك2.7b15.3x17.5x2.9x
Thu, 06 Feb 2025د.ك45.8bد.ك16.0bد.ك2.6b14.6x17.8x2.9x
Sat, 04 Jan 2025د.ك43.1bد.ك15.9bد.ك2.5b14.3x17x2.7x
Mon, 02 Dec 2024د.ك42.5bد.ك16.1bد.ك2.5b14.8x16.9x2.6x
Wed, 30 Oct 2024د.ك42.0bد.ك15.9bد.ك2.5b14.8x16.8x2.6x
Fri, 27 Sep 2024د.ك42.1bد.ك15.9bد.ك2.5b14.5x17x2.7x
Sun, 25 Aug 2024د.ك41.9bد.ك15.9bد.ك2.5b13.7x16.9x2.6x
Tue, 23 Jul 2024د.ك41.6bد.ك15.5bد.ك2.4b13.9x17x2.7x
Thu, 20 Jun 2024د.ك40.9bد.ك15.4bد.ك2.4b13.6x16.8x2.6x
Sat, 18 May 2024د.ك41.6bد.ك15.4bد.ك2.4b13.4x17x2.7x
Mon, 15 Apr 2024د.ك41.3bد.ك15.1bد.ك2.5b13.9x16.8x2.7x
Wed, 13 Mar 2024د.ك43.5bد.ك15.0bد.ك2.6b15.1x16.8x2.9x
Fri, 09 Feb 2024د.ك42.4bد.ك14.9bد.ك2.6b14.9x16.2x2.8x
Sun, 07 Jan 2024د.ك41.1bد.ك15.3bد.ك2.6b13.7x15.6x2.7x
Tue, 05 Dec 2023د.ك39.2bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Thu, 02 Nov 2023د.ك38.2bد.ك15.2bد.ك2.5b13.3x15.3x2.5x
Sat, 30 Sep 2023د.ك40.6bد.ك14.9bد.ك2.4b14x17x2.7x
Mon, 28 Aug 2023د.ك41.5bد.ك14.8bد.ك2.4b14.1x17.3x2.8x
Wed, 26 Jul 2023د.ك42.8bد.ك14.7bد.ك2.3b15.3x18.5x2.9x
Fri, 23 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.9x19x2.9x
Sun, 21 May 2023د.ك39.9bد.ك14.5bد.ك2.2b14x18.1x2.8x
Tue, 18 Apr 2023د.ك41.7bد.ك14.0bد.ك2.1b14.4x20x3x
Price to Earnings Ratio

20x


Total Market Cap: د.ك41.7bTotal Earnings: د.ك2.1bTotal 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 11% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market1.85%
Tech5.56%
Industrials4.40%
Healthcare3.29%
Financials2.14%
Materials2.13%
Consumer Staples1.92%
Real Estate1.59%
Energy1.22%
Consumer Discretionary0.72%
Telecom-1.52%
Utilities-2.11%
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.ك0.832.3%
+د.ك326.9m		15.9%PB2.2xFinancials
NBK National Bank of KuwaitK.Pد.ك0.881.7%
+د.ك137.7m		-2.6%PB1.6xFinancials
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.661.9%
+د.ك57.3m		12.1%PB2.8xFinancials
DIGITUS Digitus Group for Digital Infrastructure Data Centers & Communications. (K.S.C.P)د.ك1.5843.8%
+د.ك51.7m		996.7%PS5.6xIndustrials
KUWAITRE Kuwait Reinsurance Company K.S.C.Pد.ك0.5222.8%
+د.ك29.9m		44.6%PE8.1xFinancials
See more

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Latest News

DIGITUS
د.ك1.58
Digitus Group for Digital Infrastructure Data Centers & Communications. (K.S.C.P)
7D
43.8%
1Y
996.7%
KFH
د.ك0.83
Kuwait Finance House K.S.C.P
7D
2.3%
1Y
15.9%
BOURSA
د.ك2.88
Boursa Kuwait Securities Company K.P.S.C
7D
4.1%
1Y
13.3%
GBK
د.ك0.31
Gulf Bank K.S.C.P
7D
-0.4%
1Y
-1.6%

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
1.7%
1Y
-2.6%

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).
KUWAITRE
د.ك0.52
Kuwait Reinsurance Company K.S.C.P
7D
22.8%
1Y
44.6%
FACIL
د.ك0.29
Commercial Facilities CompanyK.P
7D
-1.7%
1Y
5.1%
STC
د.ك0.63
Kuwait Telecommunications Company K.S.C.P
7D
-5.7%
1Y
11.4%
BOUBYAN
د.ك0.66
Boubyan Bank K.S.C.P
7D
1.9%
1Y
12.1%

BOUBYAN: Board Meeting And Dividend Plan Will Support Steady Outlook

Analysts have adjusted their price target on Boubyan Bank K.S.C.P., reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. Taken together, these changes leave the intrinsic value estimate broadly unchanged at KWD 0.73.
URC
د.ك0.26
United Real Estate Company K.S.C.P
7D
-0.8%
1Y
57.5%
GFH
د.ك0.18
GFH Bank B.S.C
7D
3.5%
1Y
104.3%
TROLLEY
د.ك0.82
Trolley General Trading Company K.S.C.C
7D
-4.3%
1Y
n/a
ZAIN
د.ك0.57
Mobile Telecommunications Company K.S.C.P
7D
-1.0%
1Y
21.5%

ZAIN: Cash Dividend And Earnings Guidance Will Support Future Upside

Analysts have trimmed their 12 month price target for Mobile Telecommunications Company K.S.C.P. slightly to KWD 0.635, reflecting only minor tweaks to revenue growth, profit margin assumptions and the forward P/E multiple, while keeping the overall fair value view intact. What's in the News Management issued earnings guidance for 2026, with revenue expected in a 10% to 15% growth range and net income anticipated to grow 8% to 10% year over year (Key Developments).
CBK
د.ك0.47
Commercial Bank of Kuwait K.P.S.C
7D
3.0%
1Y
-34.0%
AZNOULA
د.ك0.14
Shamal Az-Zour Al-Oula Power and Water Company KSC (Public)
7D
-2.1%
1Y
-5.4%
IPG
د.ك0.67
Independent Petroleum Group K.S.C.P
7D
-2.1%
1Y
19.4%