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Romanian (BET) Market Analysis & Valuation

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies253
  • 7D-2.0%
  • 3M8.7%
  • 1Y8.9%
  • YTD13.9%

Over the last 7 days, the market has dropped 2.0%, driven by a loss of 4.1% in the Energy sector. As for the longer term, the market has actually risen by 8.9% in the last year. Earnings are forecast to grow by 6.0% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025RON 274.2bRON 165.0bRON 23.2b15.8x11.8x1.7x
Thu, 31 Jul 2025RON 270.8bRON 163.1bRON 23.3b15.8x11.6x1.7x
Sat, 28 Jun 2025RON 252.7bRON 162.7bRON 23.3b15.1x10.8x1.6x
Mon, 26 May 2025RON 239.4bRON 161.4bRON 23.2b14.9x10.3x1.5x
Wed, 23 Apr 2025RON 237.1bRON 160.7bRON 26.0b14.3x9.1x1.5x
Fri, 21 Mar 2025RON 238.6bRON 162.5bRON 26.9b15.6x8.9x1.5x
Sun, 16 Feb 2025RON 247.6bRON 160.8bRON 25.1b13.3x9.9x1.5x
Tue, 14 Jan 2025RON 239.1bRON 162.6bRON 26.2b12.9x9.1x1.5x
Thu, 12 Dec 2024RON 244.9bRON 161.9bRON 26.1b13.7x9.4x1.5x
Sat, 09 Nov 2024RON 243.7bRON 158.1bRON 24.0b14.2x10.2x1.5x
Mon, 07 Oct 2024RON 244.5bRON 158.3bRON 24.5b14.2x10x1.5x
Wed, 04 Sep 2024RON 251.9bRON 158.8bRON 24.4b13.4x10.3x1.6x
Fri, 02 Aug 2024RON 257.6bRON 159.6bRON 24.0b16.8x10.8x1.6x
Sun, 30 Jun 2024RON 254.6bRON 159.8bRON 23.9b16.6x10.6x1.6x
Tue, 28 May 2024RON 250.4bRON 159.4bRON 24.0b15.3x10.4x1.6x
Thu, 25 Apr 2024RON 236.3bRON 153.0bRON 23.5b13.4x10x1.5x
Sat, 23 Mar 2024RON 230.3bRON 149.4bRON 23.4b14.4x9.8x1.5x
Mon, 19 Feb 2024RON 214.7bRON 150.9bRON 23.9b11.3x9x1.4x
Wed, 17 Jan 2024RON 217.5bRON 156.5bRON 23.4b11.7x9.3x1.4x
Fri, 15 Dec 2023RON 211.0bRON 157.4bRON 23.8b11.1x8.9x1.3x
Sun, 12 Nov 2023RON 199.1bRON 161.6bRON 24.1b10.8x8.3x1.2x
Tue, 10 Oct 2023RON 194.5bRON 166.9bRON 26.9b10x7.2x1.2x
Thu, 07 Sep 2023RON 189.7bRON 166.9bRON 27.0b9.4x7x1.1x
Sat, 05 Aug 2023RON 195.0bRON 168.9bRON 28.8b9.6x6.8x1.2x
Mon, 03 Jul 2023RON 141.3bRON 164.8bRON 27.2b9.1x5.2x0.9x
Wed, 31 May 2023RON 140.9bRON 165.7bRON 27.2b9x5.2x0.9x
Fri, 28 Apr 2023RON 139.3bRON 166.7bRON 27.3b9.9x5.1x0.8x
Sun, 26 Mar 2023RON 135.9bRON 163.9bRON 26.6b9.1x5.1x0.8x
Tue, 21 Feb 2023RON 141.6bRON 160.8bRON 27.0b10.3x5.2x0.9x
Thu, 19 Jan 2023RON 136.2bRON 152.3bRON 27.3b9.8x5x0.9x
Sat, 17 Dec 2022RON 135.1bRON 152.7bRON 27.3b9.3x4.9x0.9x
Mon, 14 Nov 2022RON 130.2bRON 147.2bRON 27.8b9.2x4.7x0.9x
Wed, 12 Oct 2022RON 120.5bRON 137.6bRON 23.9b9.3x5x0.9x
Fri, 09 Sep 2022RON 132.2bRON 136.3bRON 23.9b9.4x5.5x1x
Price to Earnings Ratio

5.5x


Total Market Cap: RON 132.2bTotal Earnings: RON 23.9bTotal Revenue: RON 136.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 8.2x202320242025
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 11.8x which is higher than its 3-year average PE of 8.2x.
Past Earnings Growth
  • The earnings for Romanian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.6% 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 Romanian Market?

RO Market-2.04%
Industrials0.98%
Utilities-0.58%
Tech-0.82%
Financials-1.07%
Consumer Discretionary-1.07%
Consumer Staples-1.15%
Real Estate-1.20%
Telecom-1.92%
Energy-4.08%
Materials-4.40%
Healthcare-5.48%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 0.40x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.9% which is higher than its past year's earnings decline of 35.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 87% over the next 5 years.
  • This is better than its past earnings decline of 8.9% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 64% 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
EL Societatea Energetica ElectricaRON 18.683.3%
+RON 203.7m		30.6%PE8.9xUtilities
ARS AerostarRON 9.769.2%
+RON 124.9m		4.9%PE15.7xIndustrials
PE Premier EnergyRON 20.852.7%
+RON 68.8m		2.2%PE8xUtilities
EVER Evergent InvestmentsRON 1.953.2%
+RON 52.6m		33.6%PE7.1xFinancials
ARCU Sifi Cluj RetailRON 6.1525.5%
+RON 34.1m		n/aPE27.5xConsumer Discretionary
See more

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PE
RON 20.85
Premier Energy
7D
2.7%
1Y
2.2%
EL
RON 18.68
Societatea Energetica Electrica
7D
3.3%
1Y
30.6%
ALDANI
RON 1.35
ALDANI MASTER CAPITAL
7D
28.6%
1Y
147.7%
CRC
RON 9.16
Chimcomplex
7D
-9.3%
1Y
-31.6%
M
RON 7.70
Med Life
7D
-6.9%
1Y
31.0%
MEOY
RON 0.85
S.C. Mecanica Codlea
7D
96.8%
1Y
372.2%
ARCU
RON 6.15
Sifi Cluj Retail
7D
25.5%
1Y
n/a
TLV
RON 27.54
Banca Transilvania
7D
-1.9%
1Y
12.9%
TGN
RON 46.65
S.N.T.G.N. Transgaz
7D
-3.0%
1Y
99.8%
SNG
RON 7.77
SNGN Romgaz
7D
-7.4%
1Y
35.4%

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

With the consensus analyst price target, discount rate, and future P/E remaining virtually unchanged, fundamental expectations for SNGN Romgaz appear stable, resulting in a maintained fair value estimate of RON6.04. What's in the News Board meeting called to consider supplementing the agenda of the upcoming Ordinary General Meeting of Shareholders.
ARS
RON 9.76
Aerostar
7D
9.2%
1Y
4.9%
SNN
RON 46.30
S.N. Nuclearelectrica
7D
-1.3%
1Y
5.0%
H2O
RON 121.70
S.P.E.E.H. Hidroelectrica
7D
-0.3%
1Y
-0.2%
EVER
RON 1.95
Evergent Investments
7D
3.2%
1Y
33.6%
LION
RON 3.03
Lion Capital
7D
1.7%
1Y
9.4%

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SNP
RON 0.83
OMV Petrom
7D
-2.3%
1Y
9.3%