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Kuwaiti (PR) Market Analysis & Valuation

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies138
  • 7D-1.5%
  • 3M0.8%
  • 1Y20.9%
  • YTD19.8%

The Consumer Staples sector gained 3.0% while the market remained flat over the last week. Meanwhile, the market is actually up 22% 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
Wed, 31 Dec 2025د.ك51.8bد.ك16.6bد.ك3.1b16x16.7x3.1x
Fri, 28 Nov 2025د.ك51.6bد.ك16.5bد.ك3.1b16.7x16.7x3.1x
Sun, 26 Oct 2025د.ك52.1bد.ك16.4bد.ك3.2b18.5x16.5x3.2x
Tue, 23 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.7x16.3x3.1x
Thu, 21 Aug 2025د.ك50.7bد.ك16.3bد.ك3.1b16.6x16.3x3.1x
Sat, 19 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.9x18.4x3.1x
Mon, 16 Jun 2025د.ك45.9bد.ك16.3bد.ك2.7b14.6x16.9x2.8x
Wed, 14 May 2025د.ك47.5bد.ك16.2bد.ك2.7b14.8x17.5x2.9x
Fri, 11 Apr 2025د.ك45.4bد.ك16.2bد.ك2.7b15.1x16.7x2.8x
Sun, 09 Mar 2025د.ك47.0bد.ك16.1bد.ك2.7b15.3x17.6x2.9x
Tue, 04 Feb 2025د.ك45.5bد.ك16.0bد.ك2.6b14.7x17.8x2.9x
Thu, 02 Jan 2025د.ك43.1bد.ك15.9bد.ك2.5b14.6x17x2.7x
Sat, 30 Nov 2024د.ك42.5bد.ك16.1bد.ك2.5b14.8x16.9x2.6x
Mon, 28 Oct 2024د.ك41.9bد.ك15.9bد.ك2.5b14.8x16.7x2.6x
Wed, 25 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.4x16.9x2.6x
Fri, 23 Aug 2024د.ك41.9bد.ك15.9bد.ك2.5b13.7x16.9x2.6x
Sun, 21 Jul 2024د.ك41.5bد.ك15.5bد.ك2.4b13.7x16.9x2.7x
Tue, 18 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.7x16.8x2.7x
Thu, 16 May 2024د.ك41.6bد.ك15.3bد.ك2.4b13.3x17.1x2.7x
Sat, 13 Apr 2024د.ك41.7bد.ك15.1bد.ك2.5b14.3x17x2.8x
Mon, 11 Mar 2024د.ك43.3bد.ك15.0bد.ك2.6b14.9x16.8x2.9x
Wed, 07 Feb 2024د.ك42.4bد.ك14.9bد.ك2.6b14.3x16.3x2.8x
Fri, 05 Jan 2024د.ك41.1bد.ك15.3bد.ك2.6b13.7x15.6x2.7x
Sun, 03 Dec 2023د.ك39.3bد.ك15.3bد.ك2.6b13.6x15.3x2.6x
Tue, 31 Oct 2023د.ك38.2bد.ك15.2bد.ك2.5b13.3x15.3x2.5x
Thu, 28 Sep 2023د.ك40.6bد.ك14.9bد.ك2.4b14x17x2.7x
Sat, 26 Aug 2023د.ك41.5bد.ك14.8bد.ك2.4b14.1x17.3x2.8x
Mon, 24 Jul 2023د.ك43.0bد.ك14.6bد.ك2.2b15.3x19.5x3x
Wed, 21 Jun 2023د.ك41.4bد.ك14.5bد.ك2.2b14.7x18.9x2.9x
Fri, 19 May 2023د.ك39.9bد.ك14.5bد.ك2.2b13.7x18.1x2.8x
Sun, 16 Apr 2023د.ك41.1bد.ك14.0bد.ك2.1b14x19.7x2.9x
Tue, 14 Mar 2023د.ك42.6bد.ك13.6bد.ك2.0b14x21.8x3.1x
Thu, 09 Feb 2023د.ك43.7bد.ك13.5bد.ك1.9b14.4x22.6x3.2x
Sat, 07 Jan 2023د.ك41.7bد.ك13.2bد.ك1.9b13.8x22.5x3.2x
Price to Earnings Ratio

22.5x


Total Market Cap: د.ك41.7bTotal Earnings: د.ك1.9bTotal Revenue: د.ك13.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.6x20242025
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 17.6x.
Past Earnings Growth
  • The earnings for Kuwaiti listed companies have grown 19% 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 Market-1.46%
Materials1.05%
Telecom-0.073%
Energy-0.48%
Utilities-0.67%
Healthcare-1.32%
Financials-1.35%
Consumer Discretionary-1.46%
Industrials-2.64%
Consumer Staples-3.09%
Real Estate-3.22%
Tech-6.47%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 25.5x.
    • 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 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
TAMINV Tamdeen Investment Company - KSCPد.ك1.4327.7%
+د.ك62.0m		46.7%PE17.6xFinancials
OOREDOO National Mobile Telecommunications Company K.S.C.Pد.ك1.421.3%
+د.ك9.0m		33.2%PE9.5xTelecom
URC United Real Estate Company K.S.C.Pد.ك0.262.4%
+د.ك8.6m		136.7%PE78.6xReal Estate
KCEM Kuwait Cement Company K.P.S.Cد.ك0.432.8%
+د.ك8.6m		91.2%PE60xMaterials
KCIN Kuwait National Cinema Company (K.P.S.C)د.ك1.506.5%
+د.ك8.5m		29.3%PE7.7xTelecom
See more

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BURG
د.ك0.22
Burgan Bank K.P.S.C
7D
-4.4%
1Y
30.7%

BURG: Upcoming Capital Increase Will Support Stronger Prospects And Share Price Upside

Analysts have slightly increased their price target for Burgan Bank K.P.S.C., citing broadly unchanged fair value assumptions and only marginal adjustments to the discount rate, revenue growth, profit margin and future P E expectations. What's in the News Burgan Bank K.P.S.C. has scheduled a board meeting for October 16, 2025, to consider and approve financial results for the period ended September 30, 2025 (Key Developments).
NBK
د.ك1.01
National Bank of KuwaitK.P
7D
-0.6%
1Y
18.2%

NBK: Higher Required Returns Will Likely Pressure Profitability Ahead

Analysts have trimmed their price target for National Bank of Kuwait K.P., citing a slightly lower fair value of approximately $0.74 compared with about $0.76 previously, as they balance expectations of stronger revenue growth against a modestly higher discount rate and slightly softer profit margins. Valuation Changes The fair value estimate has fallen slightly to about KWD 0.74 from roughly KWD 0.76, reflecting a modest downward revision in intrinsic value.
KFH
د.ك0.81
Kuwait Finance House K.S.C.P
7D
-1.6%
1Y
16.5%

KFH: Future Earnings Multiple Compression Will Likely Outweigh AI Branch Avatar Upside

Analysts have modestly lowered their 12 month price target for Kuwait Finance House K.S.C.P., reflecting slightly softer assumptions for fair value, revenue growth and future earnings multiples while largely maintaining their profit margin outlook. What's in the News Kuwait Finance House is collaborating with NCR Atleos to roll out AI powered video avatars at in branch kiosks, providing real time, personalized support and the ability to escalate to live agents when needed (Client Announcements) The Atleos partnership includes AI driven speech analytics and automated quality management, allowing KFH to track customer sentiment, categorize topics, and optimize service quality across its network (Client Announcements) KFH is positioning itself as a digital transformation leader in Kuwait by using AI avatars to improve operational efficiency, reduce branch costs, and free human staff to focus on more complex customer needs (Client Announcements) The Board of Directors has scheduled a meeting on October 9, 2025 to review and approve interim financial results for the nine months ended September 30, 2025 (Board Meeting) Valuation Changes Fair Value Estimate was reduced modestly from KWD 0.271 to KWD 0.234 per share, implying a slightly lower central valuation scenario.
OOREDOO
د.ك1.42
National Mobile Telecommunications Company K.S.C.P
7D
1.3%
1Y
33.2%
TAMINV
د.ك1.43
Tamdeen Investment Company - KSCP
7D
27.7%
1Y
46.7%
MABANEE
د.ك1.08
Mabanee Company K.P.S.C
7D
-5.7%
1Y
50.0%
MKHZN
د.ك0.14
Agility Public Warehousing Company K.S.C.P
7D
-6.7%
1Y
-43.3%
KCIN
د.ك1.50
Kuwait National Cinema Company (K.P.S.C)
7D
6.5%
1Y
29.3%
ALKOUT
د.ك1.14
Al Kout Industrial Projects Company K.S.C.P
7D
4.6%
1Y
-8.7%
GIH
د.ك0.55
Gulf Investment House - KPSC
7D
-10.3%
1Y
-11.6%
ACICO
د.ك0.34
ACICO Industries Company - K.S.C. (Public)
7D
3.3%
1Y
316.4%
WARBABANK
د.ك0.29
Warba Bank K.S.C.P
7D
-3.0%
1Y
60.1%
URC
د.ك0.26
United Real Estate Company K.S.C.P
7D
2.4%
1Y
136.7%
ARZAN
د.ك0.36
Arzan Financial Group for Financing and Investment - KPSC
7D
2.5%
1Y
44.2%
KCEM
د.ك0.43
Kuwait Cement Company K.P.S.C
7D
2.8%
1Y
91.2%
BOUBYAN
د.ك0.71
Boubyan Bank K.S.C.P
7D
-1.5%
1Y
33.8%