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Kuwaiti (PR) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies137
  • 7D-0.4%
  • 3M-2.9%
  • 1Y5.1%
  • YTD-3.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 5.1% over the past year. As for the next few years, earnings are expected to grow by 9.5% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026د.ك50.0bد.ك16.4bد.ك3.1b14.9x16.3x3.1x
Wed, 28 Jan 2026د.ك51.4bد.ك16.4bد.ك3.1b15.2x16.6x3.1x
Fri, 26 Dec 2025د.ك52.6bد.ك16.6bد.ك3.1b16x17x3.2x
Sun, 23 Nov 2025د.ك51.7bد.ك16.2bد.ك3.1b16.7x16.9x3.2x
Tue, 21 Oct 2025د.ك51.9bد.ك16.3bد.ك3.2b18.2x16.4x3.2x
Thu, 18 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.6x16.3x3.2x
Sat, 16 Aug 2025د.ك50.8bد.ك16.4bد.ك2.9b16x17.6x3.1x
Mon, 14 Jul 2025د.ك50.3bد.ك16.2bد.ك2.7b16.3x18.4x3.1x
Wed, 11 Jun 2025د.ك48.1bد.ك16.3bد.ك2.7b15.4x17.7x2.9x
Fri, 09 May 2025د.ك47.0bد.ك16.2bد.ك2.7b14.7x17.4x2.9x
Sun, 06 Apr 2025د.ك46.5bد.ك16.2bد.ك2.7b15.6x17.1x2.9x
Tue, 04 Mar 2025د.ك47.3bد.ك16.0bد.ك2.6b15.5x18.1x3x
Thu, 30 Jan 2025د.ك45.6bد.ك16.0bد.ك2.6b14.9x17.5x2.9x
Sat, 28 Dec 2024د.ك43.0bد.ك15.9bد.ك2.5b14.9x17x2.7x
Mon, 25 Nov 2024د.ك42.8bد.ك16.1bد.ك2.5b14.7x17x2.7x
Wed, 23 Oct 2024د.ك41.4bد.ك15.9bد.ك2.5b14.7x16.5x2.6x
Fri, 20 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Sun, 18 Aug 2024د.ك41.6bد.ك15.9bد.ك2.5b14x16.7x2.6x
Tue, 16 Jul 2024د.ك41.6bد.ك15.5bد.ك2.4b13.7x17x2.7x
Thu, 13 Jun 2024د.ك40.9bد.ك15.4bد.ك2.4b13.8x16.8x2.7x
Sat, 11 May 2024د.ك41.1bد.ك15.3bد.ك2.5b13.4x16.7x2.7x
Mon, 08 Apr 2024د.ك41.8bد.ك15.1bد.ك2.5b14.3x17x2.8x
Wed, 06 Mar 2024د.ك43.3bد.ك15.0bد.ك2.6b15.1x16.7x2.9x
Fri, 02 Feb 2024د.ك42.7bد.ك15.4bد.ك2.7b14.2x16x2.8x
Sun, 31 Dec 2023د.ك40.2bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Tue, 28 Nov 2023د.ك39.2bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Thu, 26 Oct 2023د.ك38.9bد.ك15.2bد.ك2.5b13.3x15.6x2.6x
Sat, 23 Sep 2023د.ك40.9bد.ك14.9bد.ك2.4b14.2x17.1x2.7x
Mon, 21 Aug 2023د.ك41.7bد.ك14.8bد.ك2.4b14.2x17.4x2.8x
Wed, 19 Jul 2023د.ك43.0bد.ك14.5bد.ك2.2b15.3x19.4x3x
Fri, 16 Jun 2023د.ك41.1bد.ك14.5bد.ك2.2b14.7x18.8x2.8x
Sun, 14 May 2023د.ك40.9bد.ك14.2bد.ك2.3b14.1x18.1x2.9x
Tue, 11 Apr 2023د.ك40.5bد.ك14.0bد.ك2.1b13.6x19.4x2.9x
Thu, 09 Mar 2023د.ك43.1bد.ك13.6bد.ك2.0b13.5x22.1x3.2x
Price to Earnings Ratio

22.1x


Total Market Cap: د.ك43.1bTotal 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-0.39%
Energy2.88%
Tech2.86%
Consumer Discretionary0.80%
Industrials0.77%
Materials0.39%
Telecom-0.49%
Financials-0.50%
Real Estate-0.69%
Utilities-0.69%
Healthcare-2.60%
Consumer Staples-2.99%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 35.8x.
    • 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 41% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat 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.ك0.562.9%
+د.ك69.2m		16.9%PE10.2xTelecom
HUMANSOFT Humansoft Holding Company K.S.C.Pد.ك2.631.6%
+د.ك5.5m		2.0%PE9.9xConsumer Discretionary
NAPESCO National Petroleum Services Company K.S.C.Pد.ك1.593.5%
+د.ك4.9m		52.7%PE8.2xEnergy
ALKOUT Al Kout Industrial Projects Company K.S.C.Pد.ك0.806.4%
+د.ك4.8m		-15.8%PE11.3xMaterials
MUNSHAAT Munshaat Real Estate Projects Company K.S.C.Pد.ك0.226.4%
+د.ك4.2m		35.0%PE5.7xReal Estate
See more

Market Insights

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Latest News

HUMANSOFT
د.ك2.63
Humansoft Holding Company K.S.C.P
7D
1.6%
1Y
2.0%
BOURSA
د.ك2.98
Boursa Kuwait Securities Company K.P.S.C
7D
-5.0%
1Y
5.7%
ZAIN
د.ك0.56
Mobile Telecommunications Company K.S.C.P
7D
2.9%
1Y
16.9%

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.ك0.91
National Bank of KuwaitK.P
7D
-5.3%
1Y
-8.8%

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.ك0.67
Boubyan Bank K.S.C.P
7D
-2.8%
1Y
3.0%

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).
GBK
د.ك0.33
Gulf Bank K.S.C.P
7D
-2.4%
1Y
-1.5%
KFH
د.ك0.79
Kuwait Finance House K.S.C.P
7D
-2.0%
1Y
5.7%

KFH: Higher Dividend Payouts Will Likely Fail To Offset Future Multiple Compression

Analysts have raised their fair value estimate for Kuwait Finance House K.S.C.P. from KWD 0.234 to KWD 0.239, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels. 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 (Key Developments).
MUNSHAAT
د.ك0.22
Munshaat Real Estate Projects Company K.S.C.P
7D
6.4%
1Y
35.0%
ALKOUT
د.ك0.80
Al Kout Industrial Projects Company K.S.C.P
7D
6.4%
1Y
-15.8%
GFH
د.ك0.17
GFH Financial Group BSC
7D
-5.6%
1Y
74.6%
WARBABANK
د.ك0.28
Warba Bank K.S.C.P
7D
-2.4%
1Y
24.9%
NAPESCO
د.ك1.59
National Petroleum Services Company K.S.C.P
7D
3.5%
1Y
52.7%
SOOR
د.ك0.28
Al Soor Fuel Marketing Company K.S.C.P
7D
3.0%
1Y
-11.7%
URC
د.ك0.26
United Real Estate Company K.S.C.P
7D
-11.1%
1Y
39.3%
ARABREC
د.ك0.20
Al-Arabiya Real Estate Company K.S.C.P
7D
4.2%
1Y
148.8%
KINS
د.ك0.60
Kuwait Insurance CompanyK.P
7D
2.4%
1Y
0.8%