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Romanian (BET) Market Analysis & Valuation

UpdatedOct 23, 2025
DataAggregated Company Financials
Companies255
  • 7D1.8%
  • 3M10.0%
  • 1Y20.2%
  • YTD21.9%

Over the last 7 days, the market has risen 1.8%, driven by gains of 4.6% in the Energy sector. In contrast, the Materials sector is lagging, dropping 3.2%. The market is up 20% over the last 12 months. Looking forward, earnings are forecast to grow by 5.8% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Oct 2025RON 293.3bRON 165.2bRON 23.4b15.3x12.5x1.8x
Sat, 20 Sep 2025RON 278.5bRON 164.9bRON 23.4b14.8x11.9x1.7x
Mon, 18 Aug 2025RON 282.8bRON 164.8bRON 22.9b15.7x12.3x1.7x
Wed, 16 Jul 2025RON 259.1bRON 162.8bRON 23.3b15.4x11.1x1.6x
Fri, 13 Jun 2025RON 249.0bRON 162.4bRON 23.3b14x10.7x1.5x
Sun, 11 May 2025RON 228.1bRON 160.5bRON 24.4b14.5x9.3x1.4x
Tue, 08 Apr 2025RON 229.3bRON 162.2bRON 26.6b14.4x8.6x1.4x
Thu, 06 Mar 2025RON 239.8bRON 161.6bRON 26.0b13.6x9.2x1.5x
Sat, 01 Feb 2025RON 239.5bRON 162.2bRON 26.3b13.3x9.1x1.5x
Mon, 30 Dec 2024RON 238.4bRON 162.2bRON 26.2b13x9.1x1.5x
Wed, 27 Nov 2024RON 238.4bRON 162.1bRON 26.1b14.2x9.1x1.5x
Fri, 25 Oct 2024RON 244.2bRON 158.8bRON 24.4b14.1x10x1.5x
Sun, 22 Sep 2024RON 246.3bRON 158.4bRON 24.4b15.1x10.1x1.6x
Tue, 20 Aug 2024RON 252.5bRON 158.9bRON 24.9b15.2x10.1x1.6x
Thu, 18 Jul 2024RON 258.8bRON 159.3bRON 24.0b16.7x10.8x1.6x
Sat, 15 Jun 2024RON 247.6bRON 159.8bRON 24.0b16.1x10.3x1.5x
Mon, 13 May 2024RON 244.4bRON 158.0bRON 23.7b13.7x10.3x1.5x
Wed, 10 Apr 2024RON 238.9bRON 151.7bRON 23.4b14.7x10.2x1.6x
Fri, 08 Mar 2024RON 220.3bRON 147.3bRON 23.4b12.3x9.4x1.5x
Sun, 04 Feb 2024RON 214.6bRON 153.5bRON 23.8b11.1x9x1.4x
Tue, 02 Jan 2024RON 211.6bRON 156.1bRON 23.4b11x9x1.4x
Thu, 30 Nov 2023RON 204.2bRON 157.4bRON 23.8b10.5x8.6x1.3x
Sat, 28 Oct 2023RON 197.2bRON 166.9bRON 26.9b10.2x7.3x1.2x
Mon, 25 Sep 2023RON 200.1bRON 166.7bRON 26.8b10.1x7.5x1.2x
Wed, 23 Aug 2023RON 193.3bRON 167.3bRON 28.7b10x6.7x1.2x
Fri, 21 Jul 2023RON 199.6bRON 174.9bRON 32.2b9.6x6.2x1.1x
Sun, 18 Jun 2023RON 138.7bRON 165.0bRON 27.2b9.1x5.1x0.8x
Tue, 16 May 2023RON 137.2bRON 163.6bRON 26.2b10x5.2x0.8x
Thu, 13 Apr 2023RON 141.4bRON 166.9bRON 27.3b9.6x5.2x0.8x
Sat, 11 Mar 2023RON 142.6bRON 160.9bRON 25.4b10x5.6x0.9x
Mon, 06 Feb 2023RON 141.4bRON 160.5bRON 27.1b9.9x5.2x0.9x
Wed, 04 Jan 2023RON 135.3bRON 152.9bRON 27.3b9.4x4.9x0.9x
Fri, 02 Dec 2022RON 133.3bRON 153.1bRON 27.4b9x4.9x0.9x
Sun, 30 Oct 2022RON 124.3bRON 152.0bRON 27.8b9.4x4.5x0.8x
Price to Earnings Ratio

4.5x


Total Market Cap: RON 124.3bTotal Earnings: RON 27.8bTotal Revenue: RON 152.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 8.5x202320242025
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 12.5x which is higher than its 3-year average PE of 8.5x.
Past Earnings Growth
  • The earnings for Romanian listed companies have declined 5.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Romanian Market?

RO Market1.81%
Energy4.63%
Healthcare2.31%
Utilities1.33%
Consumer Staples0.87%
Industrials0.48%
Telecom-0.13%
Financials-0.21%
Tech-0.66%
Real Estate-0.95%
Consumer Discretionary-2.99%
Materials-3.18%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 61.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.5% which is higher than its past year's earnings decline of 66.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 97% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 67% 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
SNP OMV PetromRON 0.935.3%
+RON 2.9b		27.3%PE15.8xEnergy
SNG SNGN RomgazRON 9.358.3%
+RON 2.8b		72.2%PE11.8xEnergy
TGN S.N.T.G.N. TransgazRON 64.8013.5%
+RON 1.5b		171.1%PE16.9xUtilities
TEL CNTEE TranselectricaRON 64.802.4%
+RON 110.0m		66.8%PE8.3xUtilities
EVER Evergent InvestmentsRON 2.304.5%
+RON 88.9m		57.5%PE8.1xFinancials
See more

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SNG
RON 9.35
SNGN Romgaz
7D
8.3%
1Y
72.2%

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

Analysts have left their price target for SNGN Romgaz unchanged at €7.10, citing minimal adjustments to key forecast variables and as a result maintaining their current valuation outlook. What's in the News Electrica and Romgaz have signed a Memorandum of Understanding to jointly develop up to 400 MW of renewable energy production and storage capacity in Romania, focusing on Greenfield projects (Key Developments).
TLV
RON 28.02
Banca Transilvania
7D
-0.3%
1Y
19.4%

Fiscal Tightening And High Taxes Will Erode Romanian Banks

Analysts have slightly raised their price target for Banca Transilvania, increasing it from RON 30.19 to RON 30.65. They cite small improvements in expected revenue growth along with a modest update to the bank’s discount rate assumptions.
DIGI
RON 93.30
Digi Communications
7D
-0.6%
1Y
45.8%
H2O
RON 120.70
S.P.E.E.H. Hidroelectrica
7D
-1.1%
1Y
-2.2%

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Oct 07
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SNN
RON 47.80
S.N. Nuclearelectrica
7D
0.4%
1Y
11.6%

Is S.N. Nuclearelectrica (BVB:SNN) Using Too Much Debt?

Oct 03
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SIDG
RON 0.41
S.C. ArcelorMittal Hunedoara
7D
-27.4%
1Y
39.9%
ONE
RON 27.55
One United Properties
7D
-1.6%
1Y
9.3%
TGN
RON 64.80
S.N.T.G.N. Transgaz
7D
13.5%
1Y
171.1%
TRP
RON 0.42
Teraplast
7D
-2.6%
1Y
11.6%
TEL
RON 64.80
CNTEE Transelectrica
7D
2.4%
1Y
66.8%
SNP
RON 0.93
OMV Petrom
7D
5.3%
1Y
27.3%

Eastern European Gas And Renewables Will Shape Future Energy Markets

OMV Petrom’s slightly higher price target reflects a modestly richer valuation with a rising future P/E ratio, partially offset by a small decline in net profit margin, resulting in a marginal fair value increase from RON0.792 to RON0.802. What's in the News OMV Petrom has announced a Special/Extraordinary Shareholders Meeting to be held at its Bucharest headquarters on October 23, 2025.
CRC
RON 8.74
Chimcomplex
7D
-2.2%
1Y
-36.9%
INFINITY
RON 3.38
Infinity Capital Investments
7D
3.0%
1Y
35.2%
RRC
RON 0.066
Rompetrol Rafinare
7D
-4.0%
1Y
-9.0%
AQ
RON 1.47
Aquila Part Prod Com
7D
3.7%
1Y
4.3%
EVER
RON 2.30
Evergent Investments
7D
4.5%
1Y
57.5%