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Romanian (BET) Market Analysis & Valuation

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies262
  • 7D-0.6%
  • 3M18.2%
  • 1Y67.7%
  • YTD44.1%

In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 3.4%. As for the longer term, the market has risen 68% in the past 12 months. Looking forward, earnings are forecast to grow by 9.7% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026RON 470.1bRON 184.8bRON 25.2b16.7x18.7x2.5x
Sat, 25 Jul 2026RON 467.3bRON 178.0bRON 24.8b19x18.9x2.6x
Mon, 22 Jun 2026RON 402.7bRON 177.7bRON 24.9b16.5x16.2x2.3x
Wed, 20 May 2026RON 401.7bRON 175.2bRON 23.8b17.8x16.9x2.3x
Fri, 17 Apr 2026RON 381.3bRON 171.5bRON 24.0b18.1x15.9x2.2x
Sun, 15 Mar 2026RON 367.1bRON 170.8bRON 23.2b18.1x15.9x2.1x
Tue, 10 Feb 2026RON 352.8bRON 168.3bRON 22.1b16.4x16x2.1x
Thu, 08 Jan 2026RON 324.4bRON 167.0bRON 22.5b14.8x14.4x1.9x
Sat, 06 Dec 2025RON 309.5bRON 167.3bRON 22.5b14.9x13.8x1.9x
Mon, 03 Nov 2025RON 295.0bRON 166.1bRON 23.4b16x12.6x1.8x
Wed, 01 Oct 2025RON 284.7bRON 165.1bRON 23.3b16.1x12.2x1.7x
Fri, 29 Aug 2025RON 278.4bRON 163.6bRON 23.1b16.6x12.1x1.7x
Sun, 27 Jul 2025RON 266.8bRON 162.6bRON 23.3b16x11.4x1.6x
Tue, 24 Jun 2025RON 251.9bRON 162.6bRON 23.3b13.9x10.8x1.5x
Thu, 22 May 2025RON 236.5bRON 161.3bRON 23.3b15.4x10.2x1.5x
Sat, 19 Apr 2025RON 236.3bRON 160.9bRON 26.0b14.9x9.1x1.5x
Mon, 17 Mar 2025RON 238.3bRON 162.5bRON 26.9b15.4x8.8x1.5x
Wed, 12 Feb 2025RON 242.2bRON 161.0bRON 25.0b13.2x9.7x1.5x
Fri, 10 Jan 2025RON 240.4bRON 162.3bRON 26.2b12.8x9.2x1.5x
Sun, 08 Dec 2024RON 235.7bRON 161.8bRON 26.1b13.2x9x1.5x
Tue, 05 Nov 2024RON 241.4bRON 157.9bRON 24.0b14.5x10x1.5x
Thu, 03 Oct 2024RON 246.7bRON 158.6bRON 24.5b14.6x10.1x1.6x
Sat, 31 Aug 2024RON 251.2bRON 158.3bRON 24.5b12.3x10.3x1.6x
Mon, 29 Jul 2024RON 257.9bRON 159.4bRON 24.0b17x10.8x1.6x
Wed, 26 Jun 2024RON 253.8bRON 159.8bRON 23.9b16.4x10.6x1.6x
Fri, 24 May 2024RON 245.9bRON 160.2bRON 23.7b15.5x10.4x1.5x
Sun, 21 Apr 2024RON 234.6bRON 152.9bRON 23.4b13.4x10x1.5x
Tue, 19 Mar 2024RON 224.2bRON 148.5bRON 23.4b12.3x9.6x1.5x
Thu, 15 Feb 2024RON 214.6bRON 150.9bRON 23.8b11.2x9x1.4x
Sat, 13 Jan 2024RON 217.4bRON 156.3bRON 23.4b11.5x9.3x1.4x
Mon, 11 Dec 2023RON 207.6bRON 157.8bRON 23.8b11.1x8.7x1.3x
Wed, 08 Nov 2023RON 200.2bRON 161.5bRON 24.1b10.4x8.3x1.2x
Fri, 06 Oct 2023RON 197.2bRON 167.1bRON 26.9b10.2x7.3x1.2x
Sun, 03 Sep 2023RON 187.5bRON 166.9bRON 27.0b9.5x6.9x1.1x
Price to Earnings Ratio

6.9x


Total Market Cap: RON 187.5bTotal Earnings: RON 27.0bTotal Revenue: RON 166.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 11.4x202420252026
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 18.7x which is higher than its 3-year average PE of 11.4x.
Past Earnings Growth
  • The earnings for Romanian listed companies have declined 2.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% 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 Market-0.57%
Consumer Staples3.43%
Materials0.43%
Energy0.41%
Real Estate-0.37%
Tech-0.68%
Industrials-0.84%
Utilities-0.88%
Financials-1.42%
Telecom-2.16%
Healthcare-3.79%
Consumer Discretionary-4.20%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 34.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 79.0% which is higher than its past year's earnings decline of 35.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 6.6% 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
RRC Rompetrol RafinareRON 0.2598.4%
+RON 3.2b		247.5%PE13.4xEnergy
H2O S.P.E.E.H. HidroelectricaRON 184.800.5%
+RON 449.8m		50.6%PE19.1xUtilities
CFH Cris-Tim Family HoldingRON 55.005.8%
+RON 241.8m		n/aPE34.9xConsumer Staples
LION Lion CapitalRON 4.948.3%
+RON 189.2m		65.2%PE3.6xFinancials
INFINITY Infinity Capital InvestmentsRON 4.768.4%
+RON 132.5m		60.3%PE11.4xFinancials
See more

Market Insights

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Latest News

TLV
RON 36.90
Banca Transilvania
7D
-1.3%
1Y
52.2%
Narrative Update • Aug 24

TLV: Fair Value Outlook Will Balance Higher P/E And Planned Stock Split

Analysts now see Banca Transilvania's fair value edging up from RON 33.88 to around RON 34.66. This reflects updated views on its projected profitability and valuation multiples.
SNG
RON 19.66
SNGN Romgaz
7D
-1.2%
1Y
142.1%
Narrative Update • Aug 24

SNG: Upcoming Shareholder Meetings Will Pressure Overvalued Shares Despite Rich Earnings Assumptions

Analysts now place their price target for SNGN Romgaz at RON 9.89, compared with the prior RON 8.98. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E estimates.
CFH
RON 55.00
Cris-Tim Family Holding
7D
5.8%
1Y
n/a
SNP
RON 1.27
OMV Petrom
7D
-2.1%
1Y
49.9%
New Narrative • Aug 21

Neptun Deep And Energy Transition Risks Will Pressure Long Term Cash Generation

Catalysts About OMV Petrom OMV Petrom is an integrated energy company active in exploration and production, refining and marketing, and gas and power, with a growing low and zero carbon portfolio in Romania and the wider region. What are the underlying business or industry changes driving this perspective?
RRC
RON 0.25
Rompetrol Rafinare
7D
98.4%
1Y
247.5%
SNN
RON 63.10
S.N. Nuclearelectrica
7D
-2.3%
1Y
35.6%
Narrative Update • Aug 17

SNN: Higher Future P E Multiple Will Likely Lag Compressed Margins

Analysts have trimmed their fair value estimate for S.N. Nuclearelectrica to RON 51.50 from RON 59.90. The revision reflects updated assumptions that include a slightly higher discount rate, a smaller expected revenue decline, lower projected profit margins, and a higher future P/E multiple.
TGN
RON 87.30
S.N.T.G.N. Transgaz
7D
-4.0%
1Y
80.0%
DIGI
RON 66.20
Digi Communications
7D
-2.2%
1Y
138.4%
TEL
RON 107.20
CNTEE Transelectrica
7D
-5.5%
1Y
82.6%
AQ
RON 1.74
Aquila Part Prod Com
7D
5.2%
1Y
30.4%
H2O
RON 184.80
S.P.E.E.H. Hidroelectrica
7D
0.5%
1Y
50.6%
BRD
RON 36.05
BRD - Groupe Société Générale
7D
-3.6%
1Y
83.9%
LION
RON 4.94
Lion Capital
7D
8.3%
1Y
65.2%
INFINITY
RON 4.76
Infinity Capital Investments
7D
8.4%
1Y
60.3%
TRANSI
RON 0.73
Transilvania Investments Alliance
7D
4.3%
1Y
72.2%
RORX
RON 28.60
S. Romaero
7D
88.2%
1Y
n/a