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Sri Lankan (CSE) Market Analysis & Valuation
UpdatedDec 15, 2025
DataAggregated Company Financials
Companies262
- 7D3.7%
- 3M9.3%
- 1Y52.1%
- YTD34.1%
Over the last 7 days, the market has risen 3.7%, driven by gains in every sector, especially the Financials sector. As for the past 12 months, the market is up 52%. As for the next few years, earnings are expected to grow by 39% per annum.
Trending IndustriesRenewable Energy
Market Valuation and Performance
Has the Sri Lankan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Dec 2025 | LK₨7.8t | LK₨7.8t | LK₨797.2b | 12.6x | 9.8x | 1x |
| Wed, 12 Nov 2025 | LK₨8.3t | LK₨7.4t | LK₨854.3b | 14x | 9.7x | 1.1x |
| Fri, 10 Oct 2025 | LK₨7.8t | LK₨7.3t | LK₨849.6b | 12.9x | 9.2x | 1.1x |
| Sun, 07 Sep 2025 | LK₨7.4t | LK₨7.3t | LK₨849.3b | 12.5x | 8.7x | 1x |
| Tue, 05 Aug 2025 | LK₨6.9t | LK₨7.2t | LK₨798.6b | 12x | 8.6x | 1x |
| Thu, 03 Jul 2025 | LK₨6.4t | LK₨7.2t | LK₨797.1b | 11.3x | 8x | 0.9x |
| Sat, 31 May 2025 | LK₨6.0t | LK₨7.0t | LK₨723.2b | 10.2x | 8.3x | 0.9x |
| Mon, 28 Apr 2025 | LK₨5.5t | LK₨6.9t | LK₨690.4b | 9x | 8x | 0.8x |
| Wed, 26 Mar 2025 | LK₨5.5t | LK₨6.9t | LK₨691.9b | 9x | 8x | 0.8x |
| Fri, 21 Feb 2025 | LK₨5.8t | LK₨6.7t | LK₨645.4b | 9.7x | 9x | 0.9x |
| Sun, 19 Jan 2025 | LK₨5.7t | LK₨6.6t | LK₨649.7b | 10.2x | 8.8x | 0.9x |
| Tue, 17 Dec 2024 | LK₨5.1t | LK₨6.6t | LK₨649.6b | 9x | 7.9x | 0.8x |
| Thu, 14 Nov 2024 | LK₨4.7t | LK₨6.5t | LK₨558.9b | 8.1x | 8.4x | 0.7x |
| Sat, 12 Oct 2024 | LK₨4.4t | LK₨6.5t | LK₨563.8b | 7.7x | 7.8x | 0.7x |
| Mon, 09 Sep 2024 | LK₨3.9t | LK₨6.5t | LK₨563.1b | 7.3x | 6.9x | 0.6x |
| Wed, 07 Aug 2024 | LK₨4.1t | LK₨6.4t | LK₨514.3b | 8x | 8x | 0.6x |
| Fri, 05 Jul 2024 | LK₨4.3t | LK₨6.3t | LK₨510.5b | 8.1x | 8.5x | 0.7x |
| Sun, 02 Jun 2024 | LK₨4.4t | LK₨6.3t | LK₨497.6b | 8.5x | 8.9x | 0.7x |
| Tue, 30 Apr 2024 | LK₨4.8t | LK₨6.4t | LK₨460.1b | 9.1x | 10.4x | 0.7x |
| Thu, 28 Mar 2024 | LK₨4.5t | LK₨6.4t | LK₨464.8b | 8.7x | 9.6x | 0.7x |
| Sat, 24 Feb 2024 | LK₨4.1t | LK₨6.4t | LK₨456.3b | 7.7x | 9x | 0.6x |
| Mon, 22 Jan 2024 | LK₨4.3t | LK₨6.5t | LK₨379.9b | 7.9x | 11.2x | 0.7x |
| Wed, 20 Dec 2023 | LK₨4.3t | LK₨6.5t | LK₨373.4b | 7.7x | 11.5x | 0.7x |
| Fri, 17 Nov 2023 | LK₨4.4t | LK₨6.6t | LK₨377.3b | 7.8x | 11.6x | 0.7x |
| Sun, 15 Oct 2023 | LK₨4.4t | LK₨6.8t | LK₨392.1b | 7.6x | 11.3x | 0.7x |
| Tue, 12 Sep 2023 | LK₨4.6t | LK₨6.8t | LK₨395.7b | 7.8x | 11.7x | 0.7x |
| Thu, 10 Aug 2023 | LK₨4.7t | LK₨6.7t | LK₨464.6b | 7.5x | 10.1x | 0.7x |
| Sat, 08 Jul 2023 | LK₨4.3t | LK₨6.9t | LK₨518.4b | 6.7x | 8.3x | 0.6x |
| Mon, 05 Jun 2023 | LK₨3.7t | LK₨7.0t | LK₨516.8b | 5.9x | 7.2x | 0.5x |
| Wed, 03 May 2023 | LK₨3.8t | LK₨6.8t | LK₨674.7b | 5.6x | 5.7x | 0.6x |
| Fri, 31 Mar 2023 | LK₨3.9t | LK₨6.8t | LK₨675.5b | 5.9x | 5.8x | 0.6x |
| Sun, 26 Feb 2023 | LK₨3.9t | LK₨6.8t | LK₨673.0b | 5.5x | 5.9x | 0.6x |
| Tue, 24 Jan 2023 | LK₨3.9t | LK₨6.5t | LK₨751.6b | 5.3x | 5.2x | 0.6x |
| Thu, 22 Dec 2022 | LK₨3.8t | LK₨6.5t | LK₨752.2b | 5.2x | 5x | 0.6x |
Price to Earnings Ratio
5x
Current Market PE
- Investors are optimistic on the Sri Lankan market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 8.6x.
Past Earnings Growth
- The earnings for Sri Lankan listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Sri Lankan Market?
| LK Market | 3.68% | |
| Utilities | 8.64% | |
| Telecom | 8.40% | |
| Materials | 5.59% | |
| Real Estate | 5.03% | |
| Industrials | 4.30% | |
| Tech | 4.22% | |
| Healthcare | 4.03% | |
| Financials | 3.76% | |
| Consumer Discretionary | 3.72% | |
| Consumer Staples | 1.74% | |
| Energy | 0.98% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 19.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 80% over the next 5 years.
- This is better than its past earnings growth rate of 28% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 2.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SLTL.N0000 Sri Lanka Telecom | LK₨86.80 | 9.7% +LK₨13.9b | 30.1% | PE17.8x | Telecom | |
| DIAL.N0000 Dialog Axiata | LK₨29.50 | 5.4% +LK₨13.8b | 163.4% | PE12.5x | Telecom | |
| COMB.N0000 Commercial Bank of Ceylon | LK₨200.50 | 3.9% +LK₨12.2b | 51.1% | PB1x | Financials | |
| HAYL.N0000 Hayleys | LK₨193.75 | 6.6% +LK₨9.0b | 64.2% | PE10.3x | Industrials | |
| SUN.N0000 Sunshine Holdings | LK₨35.90 | 14.0% +LK₨8.7b | 64.9% | PE18.7x | Consumer Staples |
