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Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies137
  • 7D1.1%
  • 3M-0.2%
  • 1Y12.3%
  • YTD0.01%

The Real Estate and Financials sectors drove a 1.1% in the market over the last week. As for the past 12 months, the market is up 12%. As for the next few years, earnings are expected to grow by 8.3% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026د.ك52.7bد.ك15.1bد.ك2.9b15.2x18.1x3.5x
Sat, 21 Mar 2026د.ك49.5bد.ك16.4bد.ك3.1b14.3x16.2x3x
Mon, 16 Feb 2026د.ك50.5bد.ك16.3bد.ك3.1b14.9x16.5x3.1x
Wed, 14 Jan 2026د.ك51.6bد.ك16.5bد.ك3.1b15.4x16.7x3.1x
Fri, 12 Dec 2025د.ك52.9bد.ك16.5bد.ك3.1b16.3x17.1x3.2x
Sun, 09 Nov 2025د.ك52.0bد.ك16.5bد.ك3.2b19.2x16.3x3.1x
Tue, 07 Oct 2025د.ك51.2bد.ك16.3bد.ك3.2b18.1x16.2x3.1x
Thu, 04 Sep 2025د.ك49.6bد.ك16.3bد.ك3.2b16.4x15.7x3x
Sat, 02 Aug 2025د.ك50.3bد.ك16.4bد.ك2.8b16.7x18x3.1x
Mon, 30 Jun 2025د.ك48.6bد.ك16.3bد.ك2.7b15.5x17.9x3x
Wed, 28 May 2025د.ك47.4bد.ك16.3bد.ك2.7b15x17.4x2.9x
Fri, 25 Apr 2025د.ك46.6bد.ك16.2bد.ك2.7b15x17.2x2.9x
Sun, 23 Mar 2025د.ك46.3bد.ك16.1bد.ك2.7b15.2x17.4x2.9x
Tue, 18 Feb 2025د.ك46.5bد.ك16.0bد.ك2.6b15.1x18x2.9x
Thu, 16 Jan 2025د.ك44.1bد.ك15.9bد.ك2.5b14.2x17.3x2.8x
Sat, 14 Dec 2024د.ك43.0bد.ك16.1bد.ك2.5b14.9x17.1x2.7x
Mon, 11 Nov 2024د.ك42.3bد.ك16.0bد.ك2.5b15.5x16.8x2.6x
Wed, 09 Oct 2024د.ك41.2bد.ك15.9bد.ك2.5b14.3x16.6x2.6x
Fri, 06 Sep 2024د.ك42.0bد.ك15.9bد.ك2.5b14.5x17x2.6x
Sun, 04 Aug 2024د.ك42.1bد.ك15.6bد.ك2.5b13.9x17.1x2.7x
Tue, 02 Jul 2024د.ك40.5bد.ك15.5bد.ك2.4b13.6x16.6x2.6x
Thu, 30 May 2024د.ك41.0bد.ك15.4bد.ك2.4b13.2x16.8x2.7x
Sat, 27 Apr 2024د.ك40.8bد.ك15.2bد.ك2.5b14x16.5x2.7x
Mon, 25 Mar 2024د.ك43.2bد.ك15.0bد.ك2.6b14.8x16.8x2.9x
Wed, 21 Feb 2024د.ك43.9bد.ك14.9bد.ك2.6b14.7x16.8x2.9x
Fri, 19 Jan 2024د.ك42.6bد.ك15.4bد.ك2.6b14.4x16.1x2.8x
Sun, 17 Dec 2023د.ك40.0bد.ك15.3bد.ك2.6b13.4x15.3x2.6x
Tue, 14 Nov 2023د.ك38.7bد.ك15.0bد.ك2.5b12.9x15.3x2.6x
Thu, 12 Oct 2023د.ك38.9bد.ك14.9bد.ك2.4b14x16.3x2.6x
Sat, 09 Sep 2023د.ك41.3bد.ك14.8bد.ك2.4b14.1x17.2x2.8x
Mon, 07 Aug 2023د.ك42.1bد.ك14.4bد.ك2.3b14.3x18.2x2.9x
Wed, 05 Jul 2023د.ك42.0bد.ك14.5bد.ك2.2b14.9x19.2x2.9x
Fri, 02 Jun 2023د.ك39.9bد.ك14.5bد.ك2.2b14.4x18.3x2.7x
Sun, 30 Apr 2023د.ك42.2bد.ك14.0bد.ك2.2b14.4x19.6x3x
Price to Earnings Ratio

19.6x


Total Market Cap: د.ك42.2bTotal Earnings: د.ك2.2bTotal 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 2.4% 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 Market1.13%
Tech33.08%
Real Estate5.86%
Consumer Staples4.04%
Industrials4.03%
Energy2.80%
Utilities2.80%
Materials2.09%
Healthcare0.68%
Consumer Discretionary0.61%
Financials0.57%
Telecom-1.39%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 14.8%, which is lower than the prior year's growth of 19.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 23% 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
UPAC United Projects Company For Aviation Services K.S.C.Pد.ك0.3285.9%
+د.ك55.1m		89.2%PS31.7xIndustrials
NIND National Industries Group Holding - KPSCد.ك0.265.2%
+د.ك32.4m		8.3%PE8.9xIndustrials
MABANEE Mabanee Company K.P.S.Cد.ك1.012.0%
+د.ك31.4m		36.9%PE18.7xReal Estate
MEZZAN Mezzan Holding Company K.S.C.Pد.ك1.308.2%
+د.ك30.4m		44.2%PE23.2xConsumer Staples
GBK Gulf Bank K.S.C.Pد.ك0.342.1%
+د.ك29.3m		5.9%PB1.7xFinancials
See more

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Latest News

UPAC
د.ك0.32
United Projects Company For Aviation Services K.S.C.P
7D
85.9%
1Y
89.2%
MEZZAN
د.ك1.30
Mezzan Holding Company K.S.C.P
7D
8.2%
1Y
44.2%
GBK
د.ك0.34
Gulf Bank K.S.C.P
7D
2.1%
1Y
5.9%

GBK: Future Stock Split And Dividend Will Support Balanced Outlook

Analysts have raised their price target for Gulf Bank K.S.C.P. from KWD 0.356 to KWD 0.368, reflecting updated fair value assumptions and a slightly higher future P/E multiple in their models. What's in the News Planned stock split or significant stock dividend at a 1.05 to 1 ratio scheduled for April 6, 2026, for Gulf Bank K.S.C.P. (Key Developments) Annual cash dividend of KWD 0.0090 per share announced, payable on April 15, 2026, with ex-date on April 6, 2026, and record date on April 8, 2026 (Key Developments) Board meeting set for January 14, 2026, to review the auditor's report and address other agenda items (Key Developments) Valuation Changes Fair Value increased from KWD 0.3556 to KWD 0.3677, reflecting a small upward revision in the modelled estimate.
KFH
د.ك0.79
Kuwait Finance House K.S.C.P
7D
-1.4%
1Y
18.0%
KPROJ
د.ك0.085
Kuwait Projects Company Holding K.S.C.P
7D
-2.4%
1Y
-7.7%
NBK
د.ك0.88
National Bank of KuwaitK.P
7D
-1.5%
1Y
-0.2%

NBK: Upcoming Dividend And Stock Split Will Support Bullish Repricing

Analysts have modestly adjusted their price target for National Bank of Kuwait K.P. in KWD, reflecting slightly lower assumed revenue growth and profit margin, along with a higher future P/E of 29.67x, while keeping the fair value estimate steady at KWD 1.33. What's in the News Board meeting scheduled for January 12, 2026 to review and approve the financial statements for the fiscal year ended December 31, 2025 and the auditor's report (Key Developments).
KRE
د.ك0.34
Kuwait Real Estate Company K.P.S.C
7D
3.7%
1Y
7.6%
ABK
د.ك0.28
Al Ahli Bank of Kuwait K.S.C.P
7D
-4.1%
1Y
3.7%
ALG
د.ك1.03
Ali Al-Ghanim Sons Automotive Company K.S.C.P
7D
-2.2%
1Y
11.4%
ZAIN
د.ك0.56
Mobile Telecommunications Company K.S.C.P
7D
-3.9%
1Y
13.3%

ZAIN: Cash Dividend And 2026 Guidance Will Support Future Upside

Analysts have made a slight trim to their fair value estimate for Mobile Telecommunications Company K.S.C.P. to KWD0.63357 per share from KWD0.635, reflecting updated assumptions around revenue growth, profit margin, and future P/E levels. What's in the News Company issued earnings guidance for 2026, indicating expectations for revenue growth in a 10% to 15% range and net income growth between 8% and 10% year over year (company guidance).
NIND
د.ك0.26
National Industries Group Holding - KPSC
7D
5.2%
1Y
8.3%
GIH
د.ك0.47
Gulf Investment House - KPSC
7D
11.8%
1Y
-45.5%
MABANEE
د.ك1.01
Mabanee Company K.P.S.C
7D
2.0%
1Y
36.9%
CBK
د.ك0.48
Commercial Bank of Kuwait K.P.S.C
7D
-1.2%
1Y
-29.0%
WARBABANK
د.ك0.29
Warba Bank K.S.C.P
7D
-2.0%
1Y
38.9%
KCEM
د.ك0.43
Kuwait Cement Company K.P.S.C
7D
6.5%
1Y
70.4%