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Romanian (BET) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies259
  • 7D1.7%
  • 3M9.5%
  • 1Y25.0%
  • YTD28.0%

The market has climbed 1.7% in the last 7 days, lead by the Financials sector with a gain of 4.4%. In the last year, the market has climbed 25%. As for the next few years, earnings are expected to grow by 5.8% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Nov 2025RON 299.4bRON 167.2bRON 23.5b15.2x12.7x1.8x
Sun, 12 Oct 2025RON 287.7bRON 165.3bRON 23.4b15x12.3x1.7x
Tue, 09 Sep 2025RON 278.1bRON 164.8bRON 23.3b15.8x11.9x1.7x
Thu, 07 Aug 2025RON 276.9bRON 162.6bRON 23.2b15.6x12x1.7x
Sat, 05 Jul 2025RON 252.7bRON 162.5bRON 23.3b14.8x10.8x1.6x
Mon, 02 Jun 2025RON 248.3bRON 163.1bRON 23.4b14.2x10.6x1.5x
Wed, 30 Apr 2025RON 240.2bRON 159.8bRON 25.7b15x9.3x1.5x
Fri, 28 Mar 2025RON 240.6bRON 162.5bRON 26.7b15.9x9x1.5x
Sun, 23 Feb 2025RON 242.6bRON 159.7bRON 24.8b13.3x9.8x1.5x
Tue, 21 Jan 2025RON 238.6bRON 162.3bRON 26.3b13.3x9.1x1.5x
Thu, 19 Dec 2024RON 236.8bRON 162.4bRON 26.2b12.6x9x1.5x
Sat, 16 Nov 2024RON 245.8bRON 161.6bRON 26.9b14.6x9.1x1.5x
Mon, 14 Oct 2024RON 247.6bRON 158.5bRON 24.4b14.2x10.1x1.6x
Wed, 11 Sep 2024RON 244.3bRON 158.6bRON 24.4b13.9x10x1.5x
Fri, 09 Aug 2024RON 248.8bRON 160.2bRON 25.7b16.1x9.7x1.6x
Sun, 07 Jul 2024RON 257.2bRON 159.5bRON 24.0b16.5x10.7x1.6x
Tue, 04 Jun 2024RON 246.3bRON 159.2bRON 24.0b15.4x10.3x1.5x
Thu, 02 May 2024RON 242.2bRON 153.6bRON 23.6b13.9x10.2x1.6x
Sat, 30 Mar 2024RON 235.7bRON 150.4bRON 23.2b14.4x10.2x1.6x
Mon, 26 Feb 2024RON 217.0bRON 150.8bRON 23.9b11.7x9.1x1.4x
Wed, 24 Jan 2024RON 208.7bRON 156.5bRON 23.4b11.1x8.9x1.3x
Fri, 22 Dec 2023RON 209.1bRON 157.4bRON 23.8b11x8.8x1.3x
Sun, 19 Nov 2023RON 201.8bRON 157.7bRON 23.6b10.7x8.6x1.3x
Tue, 17 Oct 2023RON 197.1bRON 167.0bRON 26.9b9.9x7.3x1.2x
Thu, 14 Sep 2023RON 195.0bRON 166.7bRON 26.9b9.7x7.3x1.2x
Sat, 12 Aug 2023RON 195.1bRON 169.1bRON 28.8b9.6x6.8x1.2x
Mon, 10 Jul 2023RON 190.7bRON 175.3bRON 32.2b9.6x5.9x1.1x
Wed, 07 Jun 2023RON 139.4bRON 165.5bRON 27.2b9.2x5.1x0.8x
Fri, 05 May 2023RON 137.9bRON 163.5bRON 26.0b9.7x5.3x0.8x
Sun, 02 Apr 2023RON 137.4bRON 167.3bRON 27.3b9.3x5x0.8x
Tue, 28 Feb 2023RON 141.4bRON 160.6bRON 27.0b10.4x5.2x0.9x
Thu, 26 Jan 2023RON 137.3bRON 152.0bRON 27.3b9.8x5x0.9x
Sat, 24 Dec 2022RON 136.4bRON 152.7bRON 27.3b9.3x5x0.9x
Mon, 21 Nov 2022RON 132.1bRON 152.6bRON 26.7b9x4.9x0.9x
Price to Earnings Ratio

4.9x


Total Market Cap: RON 132.1bTotal Earnings: RON 26.7bTotal Revenue: RON 152.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 8.7x202320242025
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 12.7x which is higher than its 3-year average PE of 8.7x.
Past Earnings Growth
  • The earnings for Romanian listed companies have declined 4.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% 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 Market1.73%
Financials4.44%
Healthcare2.31%
Real Estate2.13%
Industrials2.11%
Telecom1.87%
Energy1.30%
Tech1.07%
Utilities0.75%
Consumer Staples0.75%
Materials0.32%
Consumer Discretionary-0.23%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 84.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.5% 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 102% 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 79% 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
TLV Banca TransilvaniaRON 30.606.4%
+RON 2.0b		24.8%PB1.8xFinancials
SNG SNGN RomgazRON 9.982.9%
+RON 1.1b		79.8%PE12.6xEnergy
SNN S.N. NuclearelectricaRON 48.902.0%
+RON 286.6m		11.1%PE8.7xUtilities
TGN S.N.T.G.N. TransgazRON 63.602.4%
+RON 282.6m		165.0%PE16.5xUtilities
EL Societatea Energetica ElectricaRON 24.902.5%
+RON 203.7m		88.6%PE11.9xUtilities
See more

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RON 10.00
Fabrica de Scule Rasnov
7D
-16.7%
1Y
n/a
TGN
RON 63.60
S.N.T.G.N. Transgaz
7D
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1Y
165.0%

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TLV
RON 30.60
Banca Transilvania
7D
6.4%
1Y
24.8%
IAMU
RON 8.75
SC IAMU
7D
-12.5%
1Y
n/a
BBGA
RON 1.70
Alum
7D
-26.7%
1Y
n/a
SNG
RON 9.98
SNGN Romgaz
7D
2.9%
1Y
79.8%

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RON 120.50
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7D
-0.3%
1Y
-0.6%

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EL
RON 24.90
Societatea Energetica Electrica
7D
2.5%
1Y
88.6%

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BRD
RON 22.10
BRD - Groupe Société Générale
7D
1.1%
1Y
15.1%
M
RON 8.81
Med Life
7D
3.2%
1Y
43.3%

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FP
RON 0.46
Fondul Proprietatea
7D
-1.0%
1Y
36.6%
ALDANI
RON 1.49
ALDANI MASTER CAPITAL
7D
-9.1%
1Y
210.4%
DIGI
RON 100.80
Digi Communications
7D
1.9%
1Y
50.9%
SNN
RON 48.90
S.N. Nuclearelectrica
7D
2.0%
1Y
11.1%

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ARM
RON 0.85
Armatura
7D
-55.0%
1Y
308.7%
ARO
RON 0.41
S.C. Aro-Palace
7D
-23.7%
1Y
8.4%