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Romanian (BET) Market Analysis & Valuation

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies259
  • 7D7.0%
  • 3M11.4%
  • 1Y71.7%
  • YTD21.5%

Over the last 7 days, the market has risen 7.0%, driven by gains of 9.9% in the Utilities sector. As for the past 12 months, the market is up 72%. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026RON 394.9bRON 173.2bRON 23.2b17.5x17x2.3x
Fri, 10 Apr 2026RON 370.5bRON 171.9bRON 23.7b16.7x15.6x2.2x
Sun, 08 Mar 2026RON 356.5bRON 171.4bRON 23.3b17.4x15.3x2.1x
Tue, 03 Feb 2026RON 350.6bRON 167.6bRON 22.8b15.8x15.4x2.1x
Thu, 01 Jan 2026RON 319.2bRON 166.9bRON 22.5b15.3x14.2x1.9x
Sat, 29 Nov 2025RON 301.3bRON 166.9bRON 22.2b14.8x13.5x1.8x
Mon, 27 Oct 2025RON 295.3bRON 165.2bRON 23.4b16.1x12.6x1.8x
Wed, 24 Sep 2025RON 277.5bRON 164.9bRON 23.4b14.9x11.9x1.7x
Fri, 22 Aug 2025RON 280.1bRON 163.7bRON 22.9b15.6x12.2x1.7x
Sun, 20 Jul 2025RON 265.5bRON 162.8bRON 23.3b15.7x11.4x1.6x
Tue, 17 Jun 2025RON 250.5bRON 162.4bRON 23.3b13.9x10.7x1.5x
Thu, 15 May 2025RON 227.4bRON 160.8bRON 24.3b14.7x9.4x1.4x
Sat, 12 Apr 2025RON 236.1bRON 160.9bRON 26.0b14.5x9.1x1.5x
Mon, 10 Mar 2025RON 242.7bRON 162.8bRON 27.1b14.5x9x1.5x
Wed, 05 Feb 2025RON 237.4bRON 162.2bRON 26.3b13x9x1.5x
Fri, 03 Jan 2025RON 236.1bRON 162.3bRON 26.2b13.3x9x1.5x
Sun, 01 Dec 2024RON 232.3bRON 161.8bRON 26.1b13.3x8.9x1.4x
Tue, 29 Oct 2024RON 243.1bRON 158.8bRON 24.4b14.3x10x1.5x
Thu, 26 Sep 2024RON 247.7bRON 158.4bRON 24.4b14.7x10.2x1.6x
Sat, 24 Aug 2024RON 254.7bRON 159.0bRON 24.8b12.3x10.3x1.6x
Mon, 22 Jul 2024RON 259.4bRON 159.4bRON 24.0b16.7x10.8x1.6x
Wed, 19 Jun 2024RON 251.0bRON 159.8bRON 24.0b16.2x10.5x1.6x
Fri, 17 May 2024RON 243.8bRON 157.9bRON 23.5b14.2x10.4x1.5x
Sun, 14 Apr 2024RON 235.5bRON 152.3bRON 23.4b14.4x10.1x1.5x
Tue, 12 Mar 2024RON 220.3bRON 147.1bRON 23.3b12x9.4x1.5x
Thu, 08 Feb 2024RON 215.4bRON 150.4bRON 23.8b11.2x9.1x1.4x
Sat, 06 Jan 2024RON 211.9bRON 156.3bRON 23.4b10.9x9x1.4x
Mon, 04 Dec 2023RON 204.2bRON 157.5bRON 23.8b10.6x8.6x1.3x
Wed, 01 Nov 2023RON 195.9bRON 167.2bRON 26.9b10.4x7.3x1.2x
Fri, 29 Sep 2023RON 198.0bRON 166.9bRON 26.8b10.1x7.4x1.2x
Sun, 27 Aug 2023RON 194.2bRON 166.4bRON 28.9b10x6.7x1.2x
Tue, 25 Jul 2023RON 197.7bRON 174.9bRON 32.2b10.1x6.1x1.1x
Thu, 22 Jun 2023RON 137.9bRON 165.0bRON 27.2b9.1x5.1x0.8x
Sat, 20 May 2023RON 139.1bRON 165.3bRON 27.1b10.1x5.1x0.8x
Price to Earnings Ratio

5.1x


Total Market Cap: RON 139.1bTotal Earnings: RON 27.1bTotal Revenue: RON 165.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 10.3x202420252026
Current Market PE
  • Investors are optimistic on the Romanian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 10.3x.
Past Earnings Growth
  • The earnings for Romanian listed companies have declined 5.0% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Romanian Market?

RO Market7.05%
Utilities9.86%
Energy7.70%
Industrials7.46%
Healthcare5.34%
Financials4.26%
Consumer Staples3.86%
Tech3.73%
Real Estate2.45%
Materials-0.46%
Consumer Discretionary-1.11%
Telecom-1.65%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 62.0% which is higher than its past year's earnings decline of 7.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 112% over the next 5 years.
  • This is better than its past earnings growth rate of 83% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 4.2% 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
SNG SNGN RomgazRON 14.5815.9%
+RON 7.7b		149.2%PE16.9xEnergy
H2O S.P.E.E.H. HidroelectricaRON 175.4010.5%
+RON 7.5b		49.9%PE23.4xUtilities
TLV Banca TransilvaniaRON 38.524.2%
+RON 1.7b		70.9%PB1.9xFinancials
PE Premier EnergyRON 60.2026.2%
+RON 1.6b		262.2%PE14.8xUtilities
EL Societatea Energetica ElectricaRON 30.1510.2%
+RON 950.7m		143.1%PE9.8xUtilities
See more

Market Insights

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Latest News

STNM
RON 14.30
S.C. Santierul Naval 2 Mai
7D
-23.5%
1Y
n/a
ARS
RON 12.25
Aerostar
7D
22.5%
1Y
47.6%
PE
RON 60.20
Premier Energy
7D
26.2%
1Y
262.2%
TEL
RON 89.60
CNTEE Transelectrica
7D
-0.4%
1Y
106.0%
BRD
RON 30.00
BRD - Groupe Société Générale
7D
2.0%
1Y
70.1%
Narrative Update • May 11

BRD: Dividend Support Will Sustain An Overstretched P/E Multiple

Analysts have nudged their price target for BRD – Groupe Société Générale to RON 25.08, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that they see as better aligned with the bank's current risk and earnings profile. What's in the News BRD - Groupe Société Générale S.A. announced an annual dividend of RON 1.0752 per share, payable on June 05, 2026, with an ex-date on May 18, 2026, and a record date on May 19, 2026 (Key Developments).
SNN
RON 69.60
S.N. Nuclearelectrica
7D
-0.4%
1Y
76.0%
Narrative Update • May 08

SNN: Future Dividend Schedule Will Limit Scope For Share Price Rerating

Narrative Update Analysts have kept the fair value estimate for S.N. Nuclearelectrica steady at RON 49.00 per share, with updated modeling showing only minor adjustments to the discount rate and future P/E assumptions as they refine their rationale. Analyst Commentary Analysts covering S.N. Nuclearelectrica are using the reaffirmed RON 49.00 fair value estimate as an anchor while adjusting some of the underlying valuation inputs.
SNP
RON 1.01
OMV Petrom
7D
1.0%
1Y
48.7%
CRC
RON 6.60
Chimcomplex
7D
-4.3%
1Y
-26.5%
DIGI
RON 43.55
Digi Communications
7D
-3.9%
1Y
100.7%
EL
RON 30.15
Societatea Energetica Electrica
7D
10.2%
1Y
143.1%
SNG
RON 14.58
SNGN Romgaz
7D
15.9%
1Y
149.2%
Narrative Update • Apr 29

SNG: April Shareholder Meetings Will Pressure Shares Despite Rich Earnings Assumptions

Analysts have lifted their price target for SNGN Romgaz from RON 7.94 to RON 8.14, citing updated assumptions around fair value, profit margins and forward P/E multiples. What's in the News SNGN Romgaz has scheduled a special or extraordinary shareholders meeting on April 16, 2026 at 13:00 E.
H2O
RON 175.40
S.P.E.E.H. Hidroelectrica
7D
10.5%
1Y
49.9%
TLV
RON 38.52
Banca Transilvania
7D
4.2%
1Y
70.9%
Narrative Update • Apr 21

TLV: Dividend And Shareholder Meeting Will Support A Steady Outlook

Analysts now keep their Banca Transilvania fair value estimate steady at RON 35.6, with only marginal tweaks to inputs such as the discount rate and assumed future P/E. This reflects fine tuning of their models rather than a change in overall conviction.
RCHI
RON 0.18
Societatea Comerciala Compania Hoteliera Intercontinental Romania
7D
-28.2%
1Y
-23.9%
ARO
RON 0.84
S.C. Aro-Palace
7D
-9.1%
1Y
111.3%
M
RON 11.80
Med Life
7D
-1.5%
1Y
92.5%