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Kuwaiti (PR) Market Analysis & Valuation

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies138
  • 7D0.6%
  • 3M4.6%
  • 1Y25.7%
  • YTD21.3%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 4.9%. Meanwhile, the market is actually up 26% over the past year. Earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025د.ك52.3bد.ك16.5bد.ك3.2b19x16.4x3.2x
Sat, 04 Oct 2025د.ك51.1bد.ك16.3bد.ك3.2b17.7x16.2x3.1x
Mon, 01 Sep 2025د.ك49.5bد.ك16.3bد.ك3.2b16.6x15.7x3x
Wed, 30 Jul 2025د.ك49.9bد.ك16.3bد.ك2.8b16.7x17.9x3.1x
Fri, 27 Jun 2025د.ك48.6bد.ك16.3bد.ك2.7b15.5x17.9x3x
Sun, 25 May 2025د.ك47.3bد.ك16.3bد.ك2.7b15x17.3x2.9x
Tue, 22 Apr 2025د.ك46.1bد.ك16.2bد.ك2.7b15x16.9x2.9x
Thu, 20 Mar 2025د.ك46.0bد.ك16.1bد.ك2.7b15x17.2x2.9x
Sat, 15 Feb 2025د.ك46.7bد.ك16.0bد.ك2.6b15x18.1x2.9x
Mon, 13 Jan 2025د.ك43.9bد.ك15.9bد.ك2.5b14.1x17.3x2.8x
Wed, 11 Dec 2024د.ك42.9bد.ك16.1bد.ك2.5b14.8x17.1x2.7x
Fri, 08 Nov 2024د.ك42.0bد.ك16.0bد.ك2.5b14.6x16.7x2.6x
Sun, 06 Oct 2024د.ك41.2bد.ك15.9bد.ك2.5b14.3x16.6x2.6x
Tue, 03 Sep 2024د.ك41.9bد.ك15.9bد.ك2.5b14.3x17x2.6x
Thu, 01 Aug 2024د.ك42.3bد.ك15.6bد.ك2.5b13.9x17.2x2.7x
Sat, 29 Jun 2024د.ك40.7bد.ك15.5bد.ك2.4b13.2x16.7x2.6x
Mon, 27 May 2024د.ك41.4bد.ك15.4bد.ك2.4b13.1x16.9x2.7x
Wed, 24 Apr 2024د.ك41.0bد.ك15.1bد.ك2.4b14x16.8x2.7x
Fri, 22 Mar 2024د.ك43.2bد.ك15.0bد.ك2.6b14.7x16.8x2.9x
Sun, 18 Feb 2024د.ك43.6bد.ك14.9bد.ك2.6b14.5x16.8x2.9x
Tue, 16 Jan 2024د.ك42.8bد.ك15.3bد.ك2.6b14.1x16.2x2.8x
Thu, 14 Dec 2023د.ك40.1bد.ك15.3bد.ك2.6b13.5x15.4x2.6x
Sat, 11 Nov 2023د.ك38.9bد.ك15.0bد.ك2.5b13.3x15.4x2.6x
Mon, 09 Oct 2023د.ك39.7bد.ك14.9bد.ك2.4b13.6x16.6x2.7x
Wed, 06 Sep 2023د.ك40.9bد.ك14.8bد.ك2.4b14x17x2.8x
Fri, 04 Aug 2023د.ك42.0bد.ك14.4bد.ك2.3b14.8x18.2x2.9x
Sun, 02 Jul 2023د.ك41.3bد.ك14.5bد.ك2.2b14.6x18.9x2.8x
Tue, 30 May 2023د.ك40.2bد.ك14.5bد.ك2.2b13.9x18.4x2.8x
Thu, 27 Apr 2023د.ك42.2bد.ك14.0bد.ك2.2b14.4x19.6x3x
Sat, 25 Mar 2023د.ك41.5bد.ك14.0bد.ك2.0b13.5x20.6x3x
Mon, 20 Feb 2023د.ك43.5bد.ك13.5bد.ك1.9b13.8x22.6x3.2x
Wed, 18 Jan 2023د.ك42.2bد.ك13.3bد.ك1.9b14.4x22.7x3.2x
Fri, 16 Dec 2022د.ك43.1bد.ك13.2bد.ك1.9b14.1x23.1x3.3x
Sun, 13 Nov 2022د.ك44.3bد.ك13.2bد.ك2.2b14.2x19.8x3.3x
Price to Earnings Ratio

19.8x


Total Market Cap: د.ك44.3bTotal Earnings: د.ك2.2bTotal Revenue: د.ك13.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Kuwaiti Market Price to Earnings3Y Average 17.9x202320242025
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 17.9x.
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 7.4% 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 Market0.61%
Utilities4.91%
Consumer Staples4.49%
Telecom3.77%
Materials3.22%
Industrials3.21%
Energy0.59%
Financials0.30%
Consumer Discretionary-0.56%
Tech-0.57%
Healthcare-1.17%
Real Estate-1.55%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 18.6x.
    • 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 15% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Telecom 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
JAZEERA Jazeera Airways K.S.C.Pد.ك1.6718.0%
+د.ك55.7m		49.2%PE19.4xIndustrials
CBK Commercial Bank of Kuwait K.P.S.Cد.ك0.653.7%
+د.ك45.4m		27.4%PB1.7xFinancials
STC Kuwait Telecommunications Company K.S.C.Pد.ك0.625.7%
+د.ك33.0m		12.2%PE19xTelecom
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.541.3%
+د.ك30.3m		17.5%PE9.3xTelecom
CABLE Gulf Cables and Electrical Industries Group Company - KPSCد.ك2.266.6%
+د.ك28.8m		39.6%PE24.3xIndustrials
See more

Market Insights

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🏦 Room to Run: A Look at Where the Financial Sector Could Go
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Richard Bowman
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The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
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Latest News

ALTIJARIA
د.ك0.20
Commercial Real Estate Company K.P.S.C
7D
-6.5%
1Y
41.1%
ZAIN
د.ك0.54
Mobile Telecommunications Company K.S.C.P
7D
1.3%
1Y
17.5%
MABANEE
د.ك1.00
Mabanee Company K.P.S.C
7D
1.1%
1Y
28.0%
NIND
د.ك0.28
National Industries Group Holding - KPSC
7D
-2.4%
1Y
22.5%
STC
د.ك0.62
Kuwait Telecommunications Company K.S.C.P
7D
5.7%
1Y
12.2%
BOURSA
د.ك4.10
Boursa Kuwait Securities Company K.P.S.C
7D
2.5%
1Y
83.9%
JAZEERA
د.ك1.67
Jazeera Airways K.S.C.P
7D
18.0%
1Y
49.2%
CBK
د.ك0.65
Commercial Bank of Kuwait K.P.S.C
7D
3.7%
1Y
27.4%
NBK
د.ك1.03
National Bank of KuwaitK.P
7D
-2.3%
1Y
25.7%

Kuwait Infrastructure And Digital Banking Will Unlock Regional Lending Potential

Narrative Update on National Bank of Kuwait K.P.: Analyst Price Target Change Analysts have raised their price target for National Bank of Kuwait K.P., increasing it from $1.03 to $1.06 as a result of improved expectations on revenue growth and profit margins. Valuation Changes Fair Value per share has increased from KWD 1.03 to KWD 1.06, reflecting improved outlooks.
KFH
د.ك0.80
Kuwait Finance House K.S.C.P
7D
-0.5%
1Y
18.4%

Future Digital Growth And GCC Spending Will Support Financial Stability

Analysts have modestly raised their price target for Kuwait Finance House K.S.C.P. from KD 0.66 to KD 0.68. This change reflects updated forecasts for discount rates, revenue growth, profit margins, and forward valuations.
BOUBYAN
د.ك0.71
Boubyan Bank K.S.C.P
7D
0.4%
1Y
31.5%
KRE
د.ك0.41
Kuwait Real Estate Company K.P.S.C
7D
-4.2%
1Y
69.2%
GFH
د.ك0.18
GFH Financial Group BSC
7D
-3.6%
1Y
72.9%
AGLTY
د.ك0.14
Agility Public Warehousing Company K.S.C.P
7D
-11.5%
1Y
-44.8%
ARABREC
د.ك0.18
Al-Arabiya Real Estate Company K.S.C.P
7D
-32.0%
1Y
189.9%
CABLE
د.ك2.26
Gulf Cables and Electrical Industries Group Company - KPSC
7D
6.6%
1Y
39.6%