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Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies137
  • 7D1.0%
  • 3M-4.3%
  • 1Y9.7%
  • YTD-4.1%

The Energy sector gained 7.9% while the market remained flat over the last week. Meanwhile, the market is actually up 9.7% over the past year. As for the next few years, earnings are expected to grow by 9.4% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026د.ك50.0bد.ك15.0bد.ك2.8b14.5x17.8x3.3x
Sat, 07 Mar 2026د.ك49.9bد.ك16.4bد.ك3.1b14.6x16.2x3x
Mon, 02 Feb 2026د.ك50.5bد.ك16.4bد.ك3.1b15.3x16.6x3.1x
Wed, 31 Dec 2025د.ك51.8bد.ك16.6bد.ك3.1b16x16.7x3.1x
Fri, 28 Nov 2025د.ك51.6bد.ك16.5bد.ك3.1b16.7x16.7x3.1x
Sun, 26 Oct 2025د.ك52.1bد.ك16.4bد.ك3.2b18.5x16.5x3.2x
Tue, 23 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.7x16.3x3.1x
Thu, 21 Aug 2025د.ك50.7bد.ك16.3bد.ك3.1b16.6x16.3x3.1x
Sat, 19 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.9x18.4x3.1x
Mon, 16 Jun 2025د.ك45.9bد.ك16.3bد.ك2.7b14.6x16.9x2.8x
Wed, 14 May 2025د.ك47.5bد.ك16.2bد.ك2.7b14.8x17.5x2.9x
Fri, 11 Apr 2025د.ك45.4bد.ك16.2bد.ك2.7b15.1x16.7x2.8x
Sun, 09 Mar 2025د.ك47.0bد.ك16.1bد.ك2.7b15.3x17.6x2.9x
Tue, 04 Feb 2025د.ك45.5bد.ك16.0bد.ك2.6b14.7x17.8x2.9x
Thu, 02 Jan 2025د.ك43.1bد.ك15.9bد.ك2.5b14.6x17x2.7x
Sat, 30 Nov 2024د.ك42.5bد.ك16.1bد.ك2.5b14.8x16.9x2.6x
Mon, 28 Oct 2024د.ك41.9bد.ك15.9bد.ك2.5b14.8x16.7x2.6x
Wed, 25 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.4x16.9x2.6x
Fri, 23 Aug 2024د.ك41.9bد.ك15.9bد.ك2.5b13.7x16.9x2.6x
Sun, 21 Jul 2024د.ك41.5bد.ك15.5bد.ك2.4b13.7x16.9x2.7x
Tue, 18 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.7x16.8x2.7x
Thu, 16 May 2024د.ك41.6bد.ك15.3bد.ك2.4b13.3x17.1x2.7x
Sat, 13 Apr 2024د.ك41.7bد.ك15.1bد.ك2.5b14.3x17x2.8x
Mon, 11 Mar 2024د.ك43.3bد.ك15.0bد.ك2.6b14.9x16.8x2.9x
Wed, 07 Feb 2024د.ك42.4bد.ك14.9bد.ك2.6b14.3x16.3x2.8x
Fri, 05 Jan 2024د.ك41.1bد.ك15.3bد.ك2.6b13.7x15.6x2.7x
Sun, 03 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Tue, 31 Oct 2023د.ك38.2bد.ك15.2bد.ك2.5b13.3x15.3x2.5x
Thu, 28 Sep 2023د.ك40.6bد.ك14.9bد.ك2.4b14x17x2.7x
Sat, 26 Aug 2023د.ك41.5bد.ك14.8bد.ك2.4b14.1x17.3x2.8x
Mon, 24 Jul 2023د.ك43.0bد.ك14.6bد.ك2.2b15.3x19.5x3x
Wed, 21 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.7x18.9x2.9x
Fri, 19 May 2023د.ك39.9bد.ك14.5bد.ك2.2b13.7x18.1x2.8x
Sun, 16 Apr 2023د.ك41.1bد.ك14.0bد.ك2.1b14x19.7x2.9x
Price to Earnings Ratio

19.7x


Total Market Cap: د.ك41.1bTotal 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 10% 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 Market0.98%
Energy7.93%
Consumer Staples2.66%
Utilities1.47%
Industrials1.24%
Financials1.20%
Real Estate0.84%
Consumer Discretionary0.67%
Healthcare-0.33%
Tech-0.91%
Telecom-1.06%
Materials-3.22%
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.ك0.832.5%
+د.ك344.1m		16.9%PB2.2xFinancials
NBK National Bank of KuwaitK.Pد.ك0.901.4%
+د.ك114.5m		2.2%PB1.6xFinancials
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.663.1%
+د.ك94.1m		15.9%PB2.8xFinancials
MABANEE Mabanee Company K.P.S.Cد.ك0.914.0%
+د.ك55.2m		21.6%PE16.8xReal Estate
BOURSA Boursa Kuwait Securities Company K.P.S.Cد.ك2.906.4%
+د.ك34.9m		13.7%PE20.7xFinancials
See more

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Latest News

NBK
د.ك0.90
National Bank of KuwaitK.P
7D
1.4%
1Y
2.2%

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).
BURG
د.ك0.22
Burgan Bank K.P.S.C
7D
2.8%
1Y
-0.04%

BURG: Revised Assumptions Will Shape Balanced Outlook For Future Share Performance

Analysts have trimmed their price target for Burgan Bank K.P.S.C. to KWD0.228 from KWD0.242, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: adjusted from KWD0.2417 to KWD0.2283, reflecting a modest downward revision in the estimated share value.
CGC
د.ك0.91
Combined Group Contracting Company - K.S.C. (Public)
7D
-4.5%
1Y
43.6%
KFH
د.ك0.83
Kuwait Finance House K.S.C.P
7D
2.5%
1Y
16.9%

KFH: Elevated Discount Rate Will Continue To Outweigh Dividend Appeal

Analysts have revised their KWD price target for Kuwait Finance House K.S.C.P., with the change linked to updated assumptions around a 20.01% discount rate, 7.64% revenue growth, a 41.39% profit margin, and a forward P/E of 24.79x. What's in the News Shareholders approved amendments to Article 9 of the Memorandum of Association and Article 5 of the Articles of Association, confirming authorized, issued and paid up capital at KD 1.847b, split across 18,477,123,275 shares at 100 Fils per share, all in cash (Key Developments).
CABLE
د.ك1.99
Gulf Cables and Electrical Industries Group Company - KPSC
7D
-0.6%
1Y
-4.2%
TAHSSILAT
د.ك0.14
Credit Rating and Collection Company K.S.C. (Public)
7D
-6.1%
1Y
217.4%
TAMINV
د.ك1.29
Tamdeen Investment Company - KSCP
7D
9.9%
1Y
73.2%
MABANEE
د.ك0.91
Mabanee Company K.P.S.C
7D
4.0%
1Y
21.6%
STC
د.ك0.63
Kuwait Telecommunications Company K.S.C.P
7D
-6.1%
1Y
11.9%
BOUBYAN
د.ك0.66
Boubyan Bank K.S.C.P
7D
3.1%
1Y
15.9%

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.
GFH
د.ك0.18
GFH Bank B.S.C
7D
4.7%
1Y
104.8%
ZAIN
د.ك0.57
Mobile Telecommunications Company K.S.C.P
7D
-1.2%
1Y
23.1%

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).
NINV
د.ك0.25
National Investments Company K.S.C.P
7D
-0.8%
1Y
5.9%
UPAC
د.ك0.15
United Projects Company For Aviation Services K.S.C.P
7D
-6.8%
1Y
4.1%
BOURSA
د.ك2.90
Boursa Kuwait Securities Company K.P.S.C
7D
6.4%
1Y
13.7%
OOREDOO
د.ك1.50
National Mobile Telecommunications Company K.S.C.P
7D
-2.8%
1Y
31.0%