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Kuwaiti (PR) Market Analysis & Valuation

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies137
  • 7D2.3%
  • 3M3.9%
  • 1Y24.2%
  • YTD22.8%

Over the last 7 days, the market has risen 2.3%, driven by gains of 2.5% in the Financials sector. In contrast, the Consumer Staples sector is lagging, dropping 3.3%. As for the past 12 months, the market is up 24%. Looking forward, earnings are forecast to grow by 9.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025د.ك52.9bد.ك16.5bد.ك3.1b16.3x17.1x3.2x
Mon, 10 Nov 2025د.ك51.9bد.ك16.5bد.ك3.2b19.1x16.3x3.1x
Wed, 08 Oct 2025د.ك51.5bد.ك16.3bد.ك3.2b18.2x16.3x3.2x
Fri, 05 Sep 2025د.ك49.6bد.ك16.3bد.ك3.2b16.4x15.7x3x
Sun, 03 Aug 2025د.ك50.3bد.ك16.4bد.ك2.8b16.7x18x3.1x
Tue, 01 Jul 2025د.ك49.3bد.ك16.3bد.ك2.7b15.7x18.1x3x
Thu, 29 May 2025د.ك47.7bد.ك16.3bد.ك2.7b14.9x17.5x2.9x
Sat, 26 Apr 2025د.ك46.6bد.ك16.2bد.ك2.7b15x17.2x2.9x
Mon, 24 Mar 2025د.ك46.2bد.ك16.1bد.ك2.7b15.3x17.4x2.9x
Wed, 19 Feb 2025د.ك46.7bد.ك16.0bد.ك2.6b15.2x18x2.9x
Fri, 17 Jan 2025د.ك44.1bد.ك15.9bد.ك2.5b14.5x17.4x2.8x
Sun, 15 Dec 2024د.ك43.0bد.ك16.1bد.ك2.5b14.9x17.1x2.7x
Tue, 12 Nov 2024د.ك42.5bد.ك16.0bد.ك2.5b15.2x16.9x2.7x
Thu, 10 Oct 2024د.ك41.2bد.ك15.9bد.ك2.5b14.3x16.6x2.6x
Sat, 07 Sep 2024د.ك42.0bد.ك15.9bد.ك2.5b14.5x17x2.6x
Mon, 05 Aug 2024د.ك41.3bد.ك15.6bد.ك2.5b13.9x16.8x2.6x
Wed, 03 Jul 2024د.ك40.5bد.ك15.5bد.ك2.4b13.6x16.6x2.6x
Fri, 31 May 2024د.ك40.9bد.ك15.4bد.ك2.4b13.2x16.7x2.7x
Sun, 28 Apr 2024د.ك40.8bد.ك15.2bد.ك2.5b14x16.5x2.7x
Tue, 26 Mar 2024د.ك43.0bد.ك15.0bد.ك2.6b14.8x16.7x2.9x
Thu, 22 Feb 2024د.ك44.1bد.ك14.9bد.ك2.6b14.8x16.9x3x
Sat, 20 Jan 2024د.ك42.6bد.ك15.4bد.ك2.6b14.4x16.1x2.8x
Mon, 18 Dec 2023د.ك40.0bد.ك15.3bد.ك2.6b13.4x15.3x2.6x
Wed, 15 Nov 2023د.ك38.7bد.ك15.1bد.ك2.5b12.9x15.3x2.6x
Fri, 13 Oct 2023د.ك39.0bد.ك14.9bد.ك2.4b14.1x16.3x2.6x
Sun, 10 Sep 2023د.ك41.3bد.ك14.8bد.ك2.4b14.1x17.2x2.8x
Tue, 08 Aug 2023د.ك42.3bد.ك14.5bد.ك2.3b14.4x18.2x2.9x
Thu, 06 Jul 2023د.ك42.2bد.ك14.5bد.ك2.2b14.9x19.3x2.9x
Sat, 03 Jun 2023د.ك39.9bد.ك14.5bد.ك2.2b14.4x18.3x2.7x
Mon, 01 May 2023د.ك42.1bد.ك14.0bد.ك2.2b14.4x19.5x3x
Wed, 29 Mar 2023د.ك41.3bد.ك13.8bد.ك2.0b13.5x20.5x3x
Fri, 24 Feb 2023د.ك42.9bد.ك13.6bد.ك1.9b13.9x22.4x3.2x
Sun, 22 Jan 2023د.ك42.5bد.ك13.3bد.ك1.9b14.9x22.9x3.2x
Tue, 20 Dec 2022د.ك42.8bد.ك13.2bد.ك1.9b14.3x22.9x3.2x
Price to Earnings Ratio

22.9x


Total Market Cap: د.ك42.8bTotal Earnings: د.ك1.9bTotal Revenue: د.ك13.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
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 7.7% 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 Market2.28%
Real Estate2.54%
Financials2.49%
Industrials2.27%
Consumer Discretionary2.23%
Telecom1.54%
Energy0.96%
Healthcare0.92%
Materials0.49%
Utilities-0.65%
Tech-0.72%
Consumer Staples-3.35%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 22.7x.
    • 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 Materials sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 27% 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.ك0.833.0%
+د.ك412.9m		20.4%PB2.4xFinancials
NBK National Bank of KuwaitK.Pد.ك1.042.1%
+د.ك183.6m		24.4%PB1.9xFinancials
BOUBYAN Boubyan Bank K.S.C.Pد.ك0.745.2%
+د.ك163.2m		37.5%PB3xFinancials
WARBABANK Warba Bank K.S.C.Pد.ك0.303.1%
+د.ك40.5m		67.0%PB1.4xFinancials
URC United Real Estate Company K.S.C.Pد.ك0.2412.7%
+د.ك38.8m		127.0%PE73.4xReal Estate
See more

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BURG
د.ك0.22
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7D
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1Y
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BURG: Upcoming Capital Increase Will Support Stronger Prospects And Share Price Upside

Analysts have slightly reduced their price target on Burgan Bank K.P.S.C., trimming it by a marginal amount in Kuwaiti dinar terms as they fine tune assumptions around discount rates, revenue growth, profit margins, and future price to earnings expectations, while maintaining a broadly unchanged view of fair value. What's in the News Burgan Bank has scheduled a board meeting for October 16, 2025, to consider and approve financial results for the period ended September 30, 2025 (company event filing).
NBK
د.ك1.04
National Bank of KuwaitK.P
7D
2.1%
1Y
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NBK: Future Performance Will Reflect Stable Outlook With Maintained Profitability Metrics

Analysts have modestly increased their price target for National Bank of Kuwait K.P.C. to KWD 1.07 from KWD 1.07, reflecting slightly refined assumptions around discount rates and forward valuation multiples while keeping core growth and profitability expectations broadly unchanged. Valuation Changes Fair Value: Unchanged at approximately KWD 1.07, indicating no material revision to the intrinsic value estimate.
KFH
د.ك0.83
Kuwait Finance House K.S.C.P
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3.0%
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KFH: Rising Discount Rate Will Outweigh AI Service Gains Going Forward

Analysts have modestly raised their price target on Kuwait Finance House K.S.C.P., citing slightly higher projected discount rates and a marginally richer future P/E multiple, while keeping core fair value assumptions broadly unchanged. What's in the News NCR Atleos collaborates with Kuwait Finance House to deploy conversational AI-powered video avatars at in-branch kiosks, aimed at transforming customer service and enhancing digital engagement across KFH branches (Client Announcements).
MABANEE
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Mabanee Company K.P.S.C
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1.9%
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MEZZAN
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Mezzan Holding Company K.S.C.P
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DIGITUS
د.ك0.88
Hayat Communications Company K.S.C.P
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GINS
د.ك0.85
Gulf Insurance Group K.S.C.P
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MARAKEZ
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Real-Estate Trade Centers Company K.P.S.C
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ALKOUT
د.ك1.11
Al Kout Industrial Projects Company K.S.C.P
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1.0%
WARBABANK
د.ك0.30
Warba Bank K.S.C.P
7D
3.1%
1Y
67.0%
URC
د.ك0.24
United Real Estate Company K.S.C.P
7D
12.7%
1Y
127.0%
NIND
د.ك0.30
National Industries Group Holding - KPSC
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4.8%
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28.6%
NICBM
د.ك0.22
National Industries Company - KPSC
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1Y
25.7%
STC
د.ك0.69
Kuwait Telecommunications Company K.S.C.P
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5.4%
1Y
21.2%
BOURSA
د.ك3.73
Boursa Kuwait Securities Company K.P.S.C
7D
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1Y
66.3%
BOUBYAN
د.ك0.74
Boubyan Bank K.S.C.P
7D
5.2%
1Y
37.5%