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Kuwaiti (PR) Market Analysis & Valuation

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies137
  • 7D-1.1%
  • 3M-5.8%
  • 1Y5.5%
  • YTD-4.4%

Over the last 7 days, the market has dropped 1.5%, driven by a loss of 1.5% in the Financials sector. In contrast to the last week, the market is actually up 5.9% over the past year. 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
Mon, 23 Mar 2026د.ك49.5bد.ك16.4bد.ك3.1b14.3x16.2x3x
Wed, 18 Feb 2026د.ك50.7bد.ك16.3bد.ك3.1b15x16.6x3.1x
Fri, 16 Jan 2026د.ك51.2bد.ك16.5bد.ك3.1b15.4x16.5x3.1x
Sun, 14 Dec 2025د.ك52.9bد.ك16.5bد.ك3.1b16.3x17.1x3.2x
Tue, 11 Nov 2025د.ك51.8bد.ك16.5bد.ك3.2b18.8x16.3x3.1x
Thu, 09 Oct 2025د.ك51.4bد.ك16.3bد.ك3.2b17.9x16.3x3.2x
Sat, 06 Sep 2025د.ك49.6bد.ك16.3bد.ك3.2b16.4x15.7x3x
Mon, 04 Aug 2025د.ك50.2bد.ك16.4bد.ك2.8b16.8x18x3.1x
Wed, 02 Jul 2025د.ك49.3bد.ك16.3bد.ك2.7b15.7x18.1x3x
Fri, 30 May 2025د.ك47.7bد.ك16.3bد.ك2.7b15x17.5x2.9x
Sun, 27 Apr 2025د.ك46.6bد.ك16.2bد.ك2.7b15x17.2x2.9x
Tue, 25 Mar 2025د.ك46.5bد.ك16.1bد.ك2.7b15.4x17.4x2.9x
Thu, 20 Feb 2025د.ك46.7bد.ك16.0bد.ك2.6b15.2x18x2.9x
Sat, 18 Jan 2025د.ك44.1bد.ك15.9bد.ك2.5b14.5x17.4x2.8x
Mon, 16 Dec 2024د.ك42.8bد.ك16.1bد.ك2.5b15x17x2.7x
Wed, 13 Nov 2024د.ك42.6bد.ك16.0bد.ك2.5b15.4x17x2.7x
Fri, 11 Oct 2024د.ك41.2bد.ك15.9bد.ك2.5b14.2x16.6x2.6x
Sun, 08 Sep 2024د.ك42.0bد.ك15.9bد.ك2.5b14.5x17x2.6x
Tue, 06 Aug 2024د.ك40.5bد.ك15.6bد.ك2.5b13.2x16.5x2.6x
Thu, 04 Jul 2024د.ك40.6bد.ك15.5bد.ك2.4b13.6x16.6x2.6x
Sat, 01 Jun 2024د.ك40.9bد.ك15.4bد.ك2.4b13.2x16.7x2.7x
Mon, 29 Apr 2024د.ك40.8bد.ك15.2bد.ك2.5b14x16.5x2.7x
Wed, 27 Mar 2024د.ك43.1bد.ك15.0bد.ك2.6b14.9x16.7x2.9x
Fri, 23 Feb 2024د.ك44.0bد.ك14.9bد.ك2.6b15x16.8x2.9x
Sun, 21 Jan 2024د.ك42.6bد.ك15.4bد.ك2.6b14.4x16.1x2.8x
Tue, 19 Dec 2023د.ك40.0bد.ك15.3bد.ك2.6b13.4x15.3x2.6x
Thu, 16 Nov 2023د.ك39.2bد.ك15.1bد.ك2.5b13.4x15.4x2.6x
Sat, 14 Oct 2023د.ك39.0bد.ك14.9bد.ك2.4b14.1x16.3x2.6x
Mon, 11 Sep 2023د.ك41.4bد.ك14.8bد.ك2.4b14.2x17.3x2.8x
Wed, 09 Aug 2023د.ك42.2bد.ك14.5bد.ك2.4b14.2x17.9x2.9x
Fri, 07 Jul 2023د.ك42.2bد.ك14.5bد.ك2.2b15.4x19.3x2.9x
Sun, 04 Jun 2023د.ك39.9bد.ك14.5bد.ك2.2b14.4x18.3x2.7x
Tue, 02 May 2023د.ك41.9bد.ك14.2bد.ك2.2b14.4x18.6x3x
Thu, 30 Mar 2023د.ك41.3bد.ك13.8bد.ك2.0b13.4x20.5x3x
Price to Earnings Ratio

20.5x


Total Market Cap: د.ك41.3bTotal Earnings: د.ك2.0bTotal Revenue: د.ك13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.2x202420252026
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 17.2x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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-1.13%
Healthcare1.60%
Materials0.89%
Utilities0.69%
Energy0.23%
Real Estate-0.23%
Industrials-0.60%
Consumer Discretionary-1.18%
Telecom-1.26%
Financials-1.35%
Consumer Staples-2.07%
Tech-5.17%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 39.5x.
    • 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
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.571.8%
+د.ك43.3m		21.5%PE10.3xTelecom
BOURSA Boursa Kuwait Securities Company K.P.S.Cد.ك2.853.3%
+د.ك18.3m		5.9%PE20.3xFinancials
GINS Gulf Insurance Group K.S.C.Pد.ك0.795.2%
+د.ك11.1m		-36.8%PE10.4xFinancials
STC Kuwait Telecommunications Company K.S.C.Pد.ك0.671.4%
+د.ك9.0m		18.3%PE19.5xTelecom
AINS Al-Ahleia Insurance CompanyK.Pد.ك0.783.0%
+د.ك5.3m		0.2%PE7.2xFinancials
See more

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Latest News

MKHZN
د.ك0.14
Agility Public Warehousing Company K.S.C.P
7D
1.5%
1Y
-46.5%
GFH
د.ك0.17
GFH Financial Group BSC
7D
-2.3%
1Y
78.1%
KFH
د.ك0.80
Kuwait Finance House K.S.C.P
7D
-1.1%
1Y
8.4%

KFH: Higher Margins And Special Dividend Will Support Earnings Multiple

Analysts have slightly increased their KWD price target on Kuwait Finance House K.S.C.P., citing updated assumptions that reflect slightly lower discount rates, stronger projected revenue growth, firmer profit margins and a reduced future P/E multiple. What's in the News Kuwait Finance House K.S.C.P. has scheduled a special or extraordinary shareholders meeting for March 30, 2026, at 13:00 Arab Standard Time in Kuwait City, Kuwait (Key Developments).
ZAIN
د.ك0.57
Mobile Telecommunications Company K.S.C.P
7D
1.8%
1Y
21.5%
GINS
د.ك0.79
Gulf Insurance Group K.S.C.P
7D
5.2%
1Y
-36.8%
AINS
د.ك0.78
Al-Ahleia Insurance CompanyK.P
7D
3.0%
1Y
0.2%
NBK
د.ك0.91
National Bank of KuwaitK.P
7D
-3.1%
1Y
-9.7%
BOURSA
د.ك2.85
Boursa Kuwait Securities Company K.P.S.C
7D
3.3%
1Y
5.9%
THURAYA
د.ك0.23
Dar Al-Thuraya Real Estate K.S.C. (Public)
7D
18.1%
1Y
126.0%
BOUBYAN
د.ك0.69
Boubyan Bank K.S.C.P
7D
-0.4%
1Y
6.9%

BOUBYAN: Upcoming Meetings And Dividend Plan Will Support Steady Outlook

Analysts maintained their KWD fair value estimate for Boubyan Bank K.S.C.P. at KWD 0.73, citing largely stable assumptions around the discount rate, revenue growth, profit margin, and future P/E. What's in the News Boubyan Bank K.S.C.P. has scheduled a Special/Extraordinary Shareholders Meeting for March 10, 2026 at 13:00 Arab Standard Time in Kuwait City, Kuwait (Key Developments).
WARBABANK
د.ك0.29
Warba Bank K.S.C.P
7D
-1.0%
1Y
36.7%
KCIN
د.ك1.29
Kuwait National Cinema Company (K.P.S.C)
7D
-10.2%
1Y
7.5%
GBK
د.ك0.33
Gulf Bank K.S.C.P
7D
-2.1%
1Y
-1.6%
BPCC
د.ك0.58
Boubyan Petrochemical Company K.S.C.P
7D
1.6%
1Y
-14.0%
STC
د.ك0.67
Kuwait Telecommunications Company K.S.C.P
7D
1.4%
1Y
18.3%
OOREDOO
د.ك1.59
National Mobile Telecommunications Company K.S.C.P
7D
-10.2%
1Y
42.0%