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Kuwaiti (PR) Market Analysis & Valuation

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies137
  • 7D0.2%
  • 3M4.1%
  • 1Y22.1%
  • YTD20.0%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 22% in the past 12 months. 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, 06 Dec 2025د.ك51.8bد.ك16.5bد.ك3.1b16.3x16.7x3.1x
Mon, 03 Nov 2025د.ك52.7bد.ك16.5bد.ك3.2b18.5x16.6x3.2x
Wed, 01 Oct 2025د.ك51.3bد.ك16.3bد.ك3.2b17.8x16.2x3.1x
Fri, 29 Aug 2025د.ك49.6bد.ك16.3bد.ك3.2b16.8x15.7x3x
Sun, 27 Jul 2025د.ك50.1bد.ك16.3bد.ك2.8b16.9x18.1x3.1x
Tue, 24 Jun 2025د.ك47.1bد.ك16.3bد.ك2.7b15.4x17.4x2.9x
Thu, 22 May 2025د.ك47.3bد.ك16.3bد.ك2.7b14.9x17.3x2.9x
Sat, 19 Apr 2025د.ك46.2bد.ك16.2bد.ك2.7b14.9x17x2.9x
Mon, 17 Mar 2025د.ك45.6bد.ك16.1bد.ك2.7b15.5x17.1x2.8x
Wed, 12 Feb 2025د.ك46.4bد.ك15.9bد.ك2.6b15.1x18x2.9x
Fri, 10 Jan 2025د.ك44.2bد.ك15.9bد.ك2.5b14.3x17.4x2.8x
Sun, 08 Dec 2024د.ك42.7bد.ك16.1bد.ك2.5b15.1x17x2.7x
Tue, 05 Nov 2024د.ك41.7bد.ك16.0bد.ك2.5b14.7x16.6x2.6x
Thu, 03 Oct 2024د.ك41.9bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Sat, 31 Aug 2024د.ك42.0bد.ك15.9bد.ك2.5b14.1x17x2.6x
Mon, 29 Jul 2024د.ك41.9bد.ك15.6bد.ك2.5b14x17x2.7x
Wed, 26 Jun 2024د.ك40.7bد.ك15.5bد.ك2.4b13.5x16.7x2.6x
Fri, 24 May 2024د.ك41.4bد.ك15.4bد.ك2.4b13.1x16.9x2.7x
Sun, 21 Apr 2024د.ك40.6bد.ك15.1bد.ك2.5b13.8x16.5x2.7x
Tue, 19 Mar 2024د.ك43.2bد.ك15.0bد.ك2.6b15x16.8x2.9x
Thu, 15 Feb 2024د.ك42.8bد.ك15.0bد.ك2.6b14.8x16.4x2.9x
Sat, 13 Jan 2024د.ك42.6bد.ك15.3bد.ك2.6b14x16.1x2.8x
Mon, 11 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.4x15.1x2.6x
Wed, 08 Nov 2023د.ك38.8bد.ك14.9bد.ك2.5b13.5x15.5x2.6x
Fri, 06 Oct 2023د.ك40.4bد.ك14.9bد.ك2.4b14x16.9x2.7x
Sun, 03 Sep 2023د.ك41.3bد.ك14.8bد.ك2.4b14x17.2x2.8x
Tue, 01 Aug 2023د.ك42.6bد.ك14.4bد.ك2.3b14.8x18.5x3x
Thu, 29 Jun 2023د.ك41.3bد.ك14.5bد.ك2.2b14.6x18.9x2.8x
Sat, 27 May 2023د.ك39.7bد.ك14.5bد.ك2.2b14x18.2x2.7x
Mon, 24 Apr 2023د.ك42.2bد.ك14.0bد.ك2.2b14.1x19.6x3x
Wed, 22 Mar 2023د.ك41.4bد.ك13.6bد.ك2.0b13.3x20.9x3x
Fri, 17 Feb 2023د.ك43.5bد.ك13.5bد.ك1.9b13.8x22.7x3.2x
Sun, 15 Jan 2023د.ك41.7bد.ك13.3bد.ك1.9b14.2x22.5x3.1x
Tue, 13 Dec 2022د.ك43.5bد.ك13.2bد.ك1.9b14.3x23.3x3.3x
Price to Earnings Ratio

23.3x


Total Market Cap: د.ك43.5bTotal 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 Market0.22%
Industrials1.90%
Consumer Staples1.75%
Materials1.52%
Financials0.24%
Telecom-0.26%
Real Estate-0.39%
Consumer Discretionary-0.65%
Energy-0.74%
Utilities-1.27%
Healthcare-2.75%
Tech-2.80%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 21.8x.
    • 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 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
NBK National Bank of KuwaitK.Pد.ك1.021.8%
+د.ك157.4m		21.7%PB1.8xFinancials
KFH Kuwait Finance House K.S.C.Pد.ك0.800.8%
+د.ك103.2m		17.4%PB2.3xFinancials
GBK Gulf Bank K.S.C.Pد.ك0.362.5%
+د.ك35.8m		17.9%PB1.7xFinancials
TAMINV Tamdeen Investment Company - KSCPد.ك1.2513.6%
+د.ك30.0m		85.2%PE15.4xFinancials
ALTIJARIA Commercial Real Estate Company K.P.S.Cد.ك0.216.0%
+د.ك21.6m		33.8%PE25.7xReal Estate
See more

Market Insights

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Richard Bowman
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MABANEE
د.ك1.05
Mabanee Company K.P.S.C
7D
-2.4%
1Y
37.2%
TAMINV
د.ك1.25
Tamdeen Investment Company - KSCP
7D
13.6%
1Y
85.2%
NBK
د.ك1.02
National Bank of KuwaitK.P
7D
1.8%
1Y
21.7%

NBK: Future Performance Will Reflect Measured Outlook Amid Slightly Lower Profitability

Analysts have made a minor adjustment to their price target for National Bank of Kuwait K.P., citing updated estimates that led to a negligible change in valuation. Valuation Changes The Fair Value estimate remains unchanged at KWD 1.07 per share.
KFH
د.ك0.80
Kuwait Finance House K.S.C.P
7D
0.8%
1Y
17.4%

KFH: Elevated Discount Rate Will Undermine Outlook Despite AI Customer Service Push

Narrative Update on Kuwait Finance House K.S.C.P. Analysts have maintained their fair value estimate for Kuwait Finance House K.S.C.P. at KWD 0.70, citing minimal changes in underlying growth forecasts and key valuation assumptions. What's in the News NCR Atleos Corporation and KFH have launched a hyper-realistic, conversational AI-powered avatar at account service kiosks, transforming the in-branch customer experience with real-time, personalized assistance.
MKHZN
د.ك0.15
Agility Public Warehousing Company K.S.C.P
7D
5.6%
1Y
-43.4%
DIGITUS
د.ك0.95
Hayat Communications Company K.S.C.P
7D
26.5%
1Y
1,396.1%
ATC
د.ك0.59
Advanced Technology Company K.S.C.P
7D
-9.2%
1Y
64.7%
KPROJ
د.ك0.085
Kuwait Projects Company Holding K.S.C.P
7D
-2.7%
1Y
-12.1%
CGC
د.ك1.06
Combined Group Contracting Company - K.S.C. (Public)
7D
6.9%
1Y
64.2%
ALTIJARIA
د.ك0.21
Commercial Real Estate Company K.P.S.C
7D
6.0%
1Y
33.8%
GIH
د.ك0.52
Gulf Investment House - KPSC
7D
-3.7%
1Y
-33.2%
ZAIN
د.ك0.52
Mobile Telecommunications Company K.S.C.P
7D
-0.4%
1Y
11.2%
BOURSA
د.ك3.81
Boursa Kuwait Securities Company K.P.S.C
7D
-2.3%
1Y
78.2%
OOREDOO
د.ك1.38
National Mobile Telecommunications Company K.S.C.P
7D
-1.4%
1Y
32.2%
CBK
د.ك0.52
Commercial Bank of Kuwait K.P.S.C
7D
-16.3%
1Y
-0.7%
GBK
د.ك0.36
Gulf Bank K.S.C.P
7D
2.5%
1Y
17.9%