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Kuwaiti (PR) Market Analysis & Valuation

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies137
  • 7D0.7%
  • 3M-5.2%
  • 1Y5.6%
  • YTD-4.5%

The Communication Services sector gained 3.4% while the market remained flat over the last week. More promisingly, the market is up 5.6% over the past year. Earnings are forecast to grow by 9.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026د.ك49.8bد.ك15.0bد.ك2.8b14.1x17.7x3.3x
Sun, 01 Mar 2026د.ك50.0bد.ك16.4bد.ك3.1b14.9x16.3x3.1x
Tue, 27 Jan 2026د.ك50.9bد.ك16.4bد.ك3.1b15.1x16.5x3.1x
Thu, 25 Dec 2025د.ك52.5bد.ك16.6bد.ك3.1b15.8x16.9x3.2x
Sat, 22 Nov 2025د.ك51.7bد.ك16.2bد.ك3.1b16.7x16.9x3.2x
Mon, 20 Oct 2025د.ك51.9bد.ك16.3bد.ك3.2b18x16.4x3.2x
Wed, 17 Sep 2025د.ك51.4bد.ك16.3bد.ك3.2b17.5x16.3x3.2x
Fri, 15 Aug 2025د.ك50.8bد.ك16.4bد.ك2.9b16.2x17.6x3.1x
Sun, 13 Jul 2025د.ك50.2bد.ك16.2bد.ك2.7b16.1x18.4x3.1x
Tue, 10 Jun 2025د.ك47.8bد.ك16.3bد.ك2.7b15.4x17.6x2.9x
Thu, 08 May 2025د.ك47.0bد.ك16.2bد.ك2.7b14.7x17.3x2.9x
Sat, 05 Apr 2025د.ك46.5bد.ك16.2bد.ك2.7b15.6x17.1x2.9x
Mon, 03 Mar 2025د.ك47.1bد.ك16.0bد.ك2.6b15.2x18.3x2.9x
Wed, 29 Jan 2025د.ك45.7bد.ك15.9bد.ك2.5b15.1x18x2.9x
Fri, 27 Dec 2024د.ك43.0bد.ك15.9bد.ك2.5b14.9x17x2.7x
Sun, 24 Nov 2024د.ك42.9bد.ك16.1bد.ك2.5b14.7x17x2.7x
Tue, 22 Oct 2024د.ك41.5bد.ك15.9bد.ك2.5b14.8x16.7x2.6x
Thu, 19 Sep 2024د.ك41.7bد.ك15.9bد.ك2.5b14.5x16.9x2.6x
Sat, 17 Aug 2024د.ك41.6bد.ك15.9bد.ك2.5b14.2x16.7x2.6x
Mon, 15 Jul 2024د.ك41.6bد.ك15.5bد.ك2.4b13.7x17.1x2.7x
Wed, 12 Jun 2024د.ك41.0bد.ك15.4bد.ك2.4b13.6x16.8x2.7x
Fri, 10 May 2024د.ك41.1bد.ك15.3bد.ك2.5b13.7x16.8x2.7x
Sun, 07 Apr 2024د.ك42.2bد.ك15.1bد.ك2.5b14.7x17.2x2.8x
Tue, 05 Mar 2024د.ك43.3bد.ك15.0bد.ك2.6b15.1x16.8x2.9x
Thu, 01 Feb 2024د.ك42.8bد.ك15.4bد.ك2.6b14.3x16.3x2.8x
Sat, 30 Dec 2023د.ك40.2bد.ك15.3bد.ك2.6b13.5x15.2x2.6x
Mon, 27 Nov 2023د.ك39.5bد.ك15.3bد.ك2.6b13.5x15.3x2.6x
Wed, 25 Oct 2023د.ك39.0bد.ك15.1bد.ك2.5b13.2x15.7x2.6x
Fri, 22 Sep 2023د.ك40.9bد.ك14.9bد.ك2.4b14.2x17.1x2.7x
Sun, 20 Aug 2023د.ك41.9bد.ك14.8bد.ك2.4b14.1x17.5x2.8x
Tue, 18 Jul 2023د.ك42.8bد.ك14.5bد.ك2.2b15.4x19.6x3x
Thu, 15 Jun 2023د.ك41.0bد.ك14.5bد.ك2.2b14.6x18.8x2.8x
Sat, 13 May 2023د.ك40.9bد.ك14.2bد.ك2.3b14.3x18.2x2.9x
Mon, 10 Apr 2023د.ك40.5bد.ك14.0bد.ك2.1b13.4x19.3x2.9x
Price to Earnings Ratio

19.3x


Total Market Cap: د.ك40.5bTotal Earnings: د.ك2.1bTotal 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 2.2% 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 Market0.74%
Consumer Staples3.71%
Telecom2.88%
Energy2.59%
Real Estate1.38%
Utilities0.71%
Financials0.64%
Industrials-0.036%
Materials-1.87%
Tech-2.70%
Consumer Discretionary-2.89%
Healthcare-4.80%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 Energy sector, expecting annual earnings growth of 21% 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
KFH Kuwait Finance House K.S.C.Pد.ك0.811.6%
+د.ك223.7m		11.6%PB2.2xFinancials
ZAIN Mobile Telecommunications Company K.S.C.Pد.ك0.583.4%
+د.ك82.2m		21.8%PE10.4xTelecom
MABANEE Mabanee Company K.P.S.Cد.ك0.944.2%
+د.ك56.2m		20.6%PE16.4xReal Estate
TROLLEY Trolley General Trading Company K.S.C.Cد.ك0.8512.8%
+د.ك26.7m		n/an/aConsumer Staples
CABLE Gulf Cables and Electrical Industries Group Company - KPSCد.ك1.996.3%
+د.ك24.5m		0.3%PE18.6xIndustrials
See more

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Latest News

KFH
د.ك0.81
Kuwait Finance House K.S.C.P
7D
1.6%
1Y
11.6%

KFH: Elevated Discount Rate Will Continue To Outweigh Dividend Appeal

Analysts have revised their KWD price target for Kuwait Finance House K.S.C.P., with the change linked to updated assumptions around a 20.01% discount rate, 7.64% revenue growth, a 41.39% profit margin, and a forward P/E of 24.79x. What's in the News Shareholders approved amendments to Article 9 of the Memorandum of Association and Article 5 of the Articles of Association, confirming authorized, issued and paid up capital at KD 1.847b, split across 18,477,123,275 shares at 100 Fils per share, all in cash (Key Developments).
CABLE
د.ك1.99
Gulf Cables and Electrical Industries Group Company - KPSC
7D
6.3%
1Y
0.3%
TAMINV
د.ك1.29
Tamdeen Investment Company - KSCP
7D
9.9%
1Y
73.2%
MABANEE
د.ك0.94
Mabanee Company K.P.S.C
7D
4.2%
1Y
20.6%
STC
د.ك0.66
Kuwait Telecommunications Company K.S.C.P
7D
3.6%
1Y
19.2%
ATC
د.ك0.54
Advanced Technology Company K.S.C.P
7D
-12.2%
1Y
-13.4%
KRE
د.ك0.33
Kuwait Real Estate Company K.P.S.C
7D
-2.7%
1Y
3.5%
TROLLEY
د.ك0.85
Trolley General Trading Company K.S.C.C
7D
12.8%
1Y
n/a
NBK
د.ك0.86
National Bank of KuwaitK.P
7D
-0.3%
1Y
-8.9%
ZAIN
د.ك0.58
Mobile Telecommunications Company K.S.C.P
7D
3.4%
1Y
21.8%

ZAIN: Cash Dividend And Earnings Guidance Will Support Future Upside

Analysts have trimmed their 12 month price target for Mobile Telecommunications Company K.S.C.P. slightly to KWD 0.635, reflecting only minor tweaks to revenue growth, profit margin assumptions and the forward P/E multiple, while keeping the overall fair value view intact. What's in the News Management issued earnings guidance for 2026, with revenue expected in a 10% to 15% growth range and net income anticipated to grow 8% to 10% year over year (Key Developments).
NINV
د.ك0.25
National Investments Company K.S.C.P
7D
-8.7%
1Y
0.8%
KINV
د.ك0.18
Kuwait Investment Company K.S.C.P
7D
-13.9%
1Y
-1.1%
HUMANSOFT
د.ك2.42
Humansoft Holding Company K.S.C.P
7D
-9.4%
1Y
-6.2%
CBK
د.ك0.46
Commercial Bank of Kuwait K.P.S.C
7D
-5.3%
1Y
-33.8%
JAZEERA
د.ك1.52
Jazeera Airways K.S.C.P
7D
-4.1%
1Y
50.7%
WARBABANK
د.ك0.30
Warba Bank K.S.C.P
7D
1.4%
1Y
45.3%