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Kuwaiti (PR) Market Analysis & Valuation

UpdatedOct 19, 2025
DataAggregated Company Financials
Companies138
  • 7D1.0%
  • 3M3.0%
  • 1Y25.7%
  • YTD20.0%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 8.2% in that time. More promisingly, the market is up 26% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Oct 2025د.ك51.7bد.ك16.3bد.ك3.2b17.9x16.4x3.2x
Tue, 16 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.4x16.3x3.2x
Thu, 14 Aug 2025د.ك50.7bد.ك16.3bد.ك2.9b16.9x17.8x3.1x
Sat, 12 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.1x18.4x3.1x
Mon, 09 Jun 2025د.ك47.8bد.ك16.3bد.ك2.7b15.4x17.6x2.9x
Wed, 07 May 2025د.ك46.9bد.ك16.2bد.ك2.7b14.9x17.3x2.9x
Fri, 04 Apr 2025د.ك46.5bد.ك16.2bد.ك2.7b15.6x17x2.9x
Sun, 02 Mar 2025د.ك46.9bد.ك16.0bد.ك2.6b15.3x18.2x2.9x
Tue, 28 Jan 2025د.ك45.9bد.ك15.9bد.ك2.5b15.4x18x2.9x
Thu, 26 Dec 2024د.ك43.0bد.ك15.9bد.ك2.5b14.9x17x2.7x
Sat, 23 Nov 2024د.ك42.9bد.ك16.1bد.ك2.5b14.7x17x2.7x
Mon, 21 Oct 2024د.ك41.7bد.ك15.9bد.ك2.5b14.8x16.7x2.6x
Wed, 18 Sep 2024د.ك41.7bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Fri, 16 Aug 2024د.ك41.7bد.ك15.8bد.ك2.5b14.2x16.8x2.6x
Sun, 14 Jul 2024د.ك41.4bد.ك15.5bد.ك2.4b13.9x17x2.7x
Tue, 11 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.8x16.8x2.7x
Thu, 09 May 2024د.ك40.9bد.ك15.2bد.ك2.4b14x16.8x2.7x
Sat, 06 Apr 2024د.ك42.2bد.ك15.1bد.ك2.5b14.5x17.2x2.8x
Mon, 04 Mar 2024د.ك43.3bد.ك14.9bد.ك2.6b15.1x16.7x2.9x
Wed, 31 Jan 2024د.ك43.2bد.ك15.4bد.ك2.6b14.3x16.4x2.8x
Fri, 29 Dec 2023د.ك40.2bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Sun, 26 Nov 2023د.ك39.4bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Tue, 24 Oct 2023د.ك39.9bد.ك15.1bد.ك2.5b13.8x16.1x2.6x
Thu, 21 Sep 2023د.ك41.0bد.ك14.9bد.ك2.4b14.2x17.2x2.7x
Sat, 19 Aug 2023د.ك41.9bد.ك14.8bد.ك2.4b14.1x17.5x2.8x
Mon, 17 Jul 2023د.ك42.9bد.ك14.5bد.ك2.2b15.3x19.6x3x
Wed, 14 Jun 2023د.ك40.7bد.ك14.5bد.ك2.2b14.6x18.6x2.8x
Fri, 12 May 2023د.ك40.9bد.ك14.3bد.ك2.3b14.3x18.2x2.9x
Sun, 09 Apr 2023د.ك41.0bد.ك14.0bد.ك2.1b13.6x19.6x2.9x
Tue, 07 Mar 2023د.ك43.2bد.ك13.6bد.ك1.9b13.5x22.3x3.2x
Thu, 02 Feb 2023د.ك43.1bد.ك13.3bد.ك1.9b14.6x23.2x3.3x
Sat, 31 Dec 2022د.ك42.7bد.ك13.2bد.ك1.9b14.5x22.8x3.2x
Mon, 28 Nov 2022د.ك44.7bد.ك13.2bد.ك1.9b14.8x24x3.4x
Wed, 26 Oct 2022د.ك42.3bد.ك12.9bد.ك2.3b13.9x18.7x3.3x
Price to Earnings Ratio

18.7x


Total Market Cap: د.ك42.3bTotal Earnings: د.ك2.3bTotal Revenue: د.ك12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 18x202320242025
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 18.0x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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%
Healthcare8.22%
Consumer Discretionary4.11%
Tech3.45%
Industrials1.97%
Financials0.99%
Telecom0.72%
Real Estate0.52%
Utilities0%0
Materials-1.32%
Consumer Staples-3.07%
Energy-3.55%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 17.9x.
    • 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 Industrials sector, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Consumer Discretionary 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
KFH Kuwait Finance House K.S.C.Pد.ك0.791.3%
+د.ك172.0m		20.2%PB2.3xFinancials
IFAHR IFA Hotels and Resorts - KPSCد.ك1.4535.3%
+د.ك110.0m		18.6%PE41.5xConsumer Discretionary
NBK National Bank of KuwaitK.Pد.ك1.061.1%
+د.ك96.2m		29.5%PB2xFinancials
BOURSA Boursa Kuwait Securities Company K.P.S.Cد.ك3.8011.6%
+د.ك79.3m		86.4%PE31.9xFinancials
GFH GFH Financial Group BSCد.ك0.1810.6%
+د.ك65.1m		75.4%PE17.7xFinancials
See more

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IFAHR
د.ك1.32
IFA Hotels and Resorts - KPSC
7D
22.7%
1Y
8.9%
ALKOUT
د.ك1.27
Al Kout Industrial Projects Company K.S.C.P
7D
-12.0%
1Y
60.3%
URC
د.ك0.21
United Real Estate Company K.S.C.P
7D
-12.6%
1Y
103.4%
KFH
د.ك0.79
Kuwait Finance House K.S.C.P
7D
0.5%
1Y
18.9%

GCC Spending And Digital Transformation Will Mitigate Overvaluation Risks

Analysts have slightly lowered their price target for Kuwait Finance House K.S.C.P. from KWD 0.67 to KWD 0.66. This reflects a modest adjustment in their outlook based on updated profitability estimates and valuation metrics.
ZAIN
د.ك0.52
Mobile Telecommunications Company K.S.C.P
7D
-0.4%
1Y
13.7%

Advancing 5G Networks And Digital Verticals Will Open New Horizons

Analysts have revised their price target for Mobile Telecommunications Company K.S.C.P. downward from KD 0.6175 to KD 0.605. They cited marginal adjustments in the discount rate and slightly tempered profit margin expectations, despite improved revenue growth projections.
NBK
د.ك1.05
National Bank of KuwaitK.P
7D
0.9%
1Y
28.5%

Kuwait Infrastructure And Digital Banking Will Unlock Regional Lending Potential

Analysts have slightly reduced their price target for National Bank of Kuwait K.P., bringing the estimated fair value down by KD 0.01 after making minor adjustments to discount rate and profit margin assumptions. Valuation Changes Fair Value Estimate: Decreased slightly from KWD 1.04 to KWD 1.03.
KRE
د.ك0.41
Kuwait Real Estate Company K.P.S.C
7D
8.4%
1Y
75.1%
MEZZAN
د.ك1.16
Mezzan Holding Company K.S.C.P
7D
-3.2%
1Y
24.7%
GFH
د.ك0.18
GFH Financial Group BSC
7D
8.6%
1Y
74.4%
NOOR
د.ك0.48
Noor Financial Investment Company - KPSC
7D
-3.2%
1Y
92.8%
CBK
د.ك0.64
Commercial Bank of Kuwait K.P.S.C
7D
-1.2%
1Y
25.3%
KPROJ
د.ك0.09
Kuwait Projects Company Holding K.S.C.P
7D
-3.1%
1Y
-8.1%
OULAFUEL
د.ك0.32
Oula Fuel Marketing Company - KSCP
7D
-6.1%
1Y
62.2%
IFA
د.ك0.49
International Financial Advisors Holding - KPSC
7D
16.5%
1Y
46.0%
BOURSA
د.ك3.78
Boursa Kuwait Securities Company K.P.S.C
7D
10.1%
1Y
86.1%
GBK
د.ك0.35
Gulf Bank K.S.C.P
7D
2.6%
1Y
22.1%