Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Romanian (BET) Market Analysis & Valuation

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies261
  • 7D6.3%
  • 3M19.1%
  • 1Y69.8%
  • YTD32.5%

The market has climbed by 6.3% over the past week, with every sector up and the Utilities sector leading the way. The market is up 70% over the last 12 months. Looking forward, earnings are forecast to grow by 8.5% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026RON 430.8bRON 177.8bRON 24.7b17.3x17.4x2.4x
Sat, 30 May 2026RON 393.6bRON 176.2bRON 24.8b17.4x15.8x2.2x
Mon, 27 Apr 2026RON 380.9bRON 171.6bRON 24.0b17.6x15.9x2.2x
Wed, 25 Mar 2026RON 364.8bRON 170.6bRON 23.2b17.9x15.7x2.1x
Fri, 20 Feb 2026RON 374.9bRON 169.0bRON 22.4b17.3x16.7x2.2x
Sun, 18 Jan 2026RON 353.7bRON 167.9bRON 22.8b16.4x15.5x2.1x
Tue, 16 Dec 2025RON 314.6bRON 167.1bRON 22.5b14.7x14x1.9x
Thu, 13 Nov 2025RON 304.9bRON 167.5bRON 23.0b14.9x13.2x1.8x
Sat, 11 Oct 2025RON 287.6bRON 165.3bRON 23.4b15x12.3x1.7x
Mon, 08 Sep 2025RON 279.2bRON 164.9bRON 23.3b16x12x1.7x
Wed, 06 Aug 2025RON 275.1bRON 162.6bRON 23.2b15.5x11.9x1.7x
Fri, 04 Jul 2025RON 252.8bRON 162.4bRON 23.3b14.7x10.8x1.6x
Sun, 01 Jun 2025RON 248.3bRON 163.3bRON 23.4b14.2x10.6x1.5x
Tue, 29 Apr 2025RON 239.3bRON 159.7bRON 25.7b14.9x9.3x1.5x
Thu, 27 Mar 2025RON 240.1bRON 162.6bRON 26.9b16.1x8.9x1.5x
Sat, 22 Feb 2025RON 242.6bRON 159.7bRON 24.8b13.3x9.8x1.5x
Mon, 20 Jan 2025RON 238.8bRON 162.5bRON 26.3b13x9.1x1.5x
Wed, 18 Dec 2024RON 240.3bRON 162.3bRON 26.2b13.3x9.2x1.5x
Fri, 15 Nov 2024RON 246.3bRON 159.2bRON 25.0b15.1x9.8x1.5x
Sun, 13 Oct 2024RON 247.6bRON 158.6bRON 24.4b13.7x10.1x1.6x
Tue, 10 Sep 2024RON 243.8bRON 158.5bRON 24.4b13.9x10x1.5x
Thu, 08 Aug 2024RON 249.8bRON 160.2bRON 25.7b16.2x9.7x1.6x
Sat, 06 Jul 2024RON 257.2bRON 159.5bRON 24.0b16.5x10.7x1.6x
Mon, 03 Jun 2024RON 246.9bRON 159.3bRON 24.0b15.4x10.3x1.5x
Wed, 01 May 2024RON 241.7bRON 153.5bRON 23.7b13.9x10.2x1.6x
Fri, 29 Mar 2024RON 233.7bRON 150.0bRON 23.2b14.6x10.1x1.6x
Sun, 25 Feb 2024RON 217.0bRON 150.8bRON 23.9b11.7x9.1x1.4x
Tue, 23 Jan 2024RON 212.7bRON 156.5bRON 23.4b11.3x9.1x1.4x
Thu, 21 Dec 2023RON 212.0bRON 157.5bRON 23.8b11.1x8.9x1.3x
Sat, 18 Nov 2023RON 201.7bRON 160.7bRON 23.9b10.3x8.4x1.3x
Mon, 16 Oct 2023RON 197.9bRON 167.0bRON 26.9b10x7.4x1.2x
Wed, 13 Sep 2023RON 194.9bRON 167.1bRON 27.0b9.6x7.2x1.2x
Fri, 11 Aug 2023RON 194.7bRON 169.0bRON 28.8b9.6x6.8x1.2x
Sun, 09 Jul 2023RON 190.7bRON 175.3bRON 32.2b9.6x5.9x1.1x
Price to Earnings Ratio

5.9x


Total Market Cap: RON 190.7bTotal Earnings: RON 32.2bTotal Revenue: RON 175.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Market Price to Earnings3Y Average 10.8x202420252026
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 17.4x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
  • The earnings for Romanian listed companies have declined 8.4% 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 Market6.32%
Materials8.66%
Healthcare8.40%
Financials8.20%
Utilities7.30%
Telecom6.72%
Consumer Staples6.55%
Energy4.47%
Tech3.83%
Industrials3.41%
Consumer Discretionary1.17%
Real Estate0.89%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 31.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 71.1% which is higher than its past year's earnings decline of 67.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 93% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Utilities sector is expected to see its earnings decline by 8.6% 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
H2O S.P.E.E.H. HidroelectricaRON 198.8010.2%
+RON 8.3b		65.4%PE21.9xUtilities
SNG SNGN RomgazRON 15.487.2%
+RON 4.0b		124.7%PE17.8xEnergy
TLV Banca TransilvaniaRON 39.707.2%
+RON 2.9b		53.3%PB1.9xFinancials
BRD BRD - Groupe Société GénéraleRON 36.4512.8%
+RON 2.9b		93.3%PB2.3xFinancials
SNP OMV PetromRON 1.082.4%
+RON 1.6b		43.7%PE22.2xEnergy
See more

Market Insights

Header cover image
Yield measures a moment. A decade of raising it measures the business: durable earnings, a clean balance sheet, and management disciplined enough to keep it.
Continue reading
Watt's left in the overcrowded power trade?

Latest News

SNN
RON 73.00
S.N. Nuclearelectrica
7D
3.7%
1Y
75.1%
Narrative Update • Jul 01

SNN: Elevated Future P E Multiple Will Likely Outrun Softer Margins

Analysts have lifted their fair value estimate for S.N. Nuclearelectrica to RON59.9 from RON50.6, reflecting updated views on a higher projected future P/E multiple, alongside expectations for softer revenue and profit margins. Analyst Commentary Recent revisions to fair value and valuation assumptions for S.N. Nuclearelectrica sit within a broader pattern of how bullish analysts are treating quality, cash generative stocks that can support higher P/E multiples, even when revenue and margin assumptions are more conservative.
DIGI
RON 61.10
Digi Communications
7D
6.8%
1Y
146.4%
ARJI
RON 19.60
SC Arteca Jilava
7D
-30.0%
1Y
34.2%
SOMR
RON 3.24
Societatea Comerciala Sometra
7D
-52.4%
1Y
-71.8%
BRD
RON 36.45
BRD - Groupe Société Générale
7D
12.8%
1Y
93.3%
Narrative Update • Jun 25

BRD: Dividend Will Sustain An Overvalued P/E Despite Flat Earnings Outlook

Analysts kept their price target for BRD - Groupe Société Générale at RON 25.08, reflecting essentially stable assumptions around fair value, discount rate, revenue growth, profit margin and future P/E in their latest update. What's in the News for BRD - Groupe Société Générale No recent news items or key developments are currently available from the specified sources for BRD - Groupe Société Générale.
ALB
RON 3.30
Albapam
7D
-24.7%
1Y
n/a
EL
RON 41.50
Societatea Energetica Electrica
7D
6.7%
1Y
182.7%
New Narrative • Jun 23

Renewable Rollout And Battery Storage Expansion Will Support A Stronger Long Term Outlook

Catalysts About Societatea Energetica Electrica Societatea Energetica Electrica is an integrated Romanian utility group active in electricity distribution, supply, power generation and energy storage. What are the underlying business or industry changes driving this perspective?
TRIP
RON 1.59
Christian'76 Tour
7D
-8.6%
1Y
n/a
TLV
RON 39.70
Banca Transilvania
7D
7.2%
1Y
53.3%
Narrative Update • Jun 22

TLV: Dividend And Meetings Will Shape A Steady Fairly Valued Outlook

Analysts kept their RON fair value estimate for Banca Transilvania steady at RON 36.87, with the unchanged price target supported by slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E that broadly offset each other. What’s in the News for Banca Transilvania Banca Transilvania plans an Analyst and Investor Day, giving the market an opportunity to hear updated management views on the business and outlook.
SNG
RON 15.48
SNGN Romgaz
7D
7.2%
1Y
124.7%
Narrative Update • Jun 22

SNG: Rich Earnings Multiple And Higher Discount Rate Will Pressure Shares

Analysts have lifted their fair value estimate for SNGN Romgaz from RON 8.20 to RON 9.80, citing updated assumptions for revenue growth, profit margins, and a lower projected future P/E multiple. What’s in the News for SNGN Romgaz A board meeting is scheduled for June 5, 2026, to take note of the resignation of Mr. Iulius Dan Plaveti from his mandate as member of the SNGN Romgaz board of directors, effective the same date.
IARV
RON 31.50
IAR
7D
-4.0%
1Y
129.9%
SNP
RON 1.08
OMV Petrom
7D
2.4%
1Y
43.7%
Narrative Update • Jun 18

SNP: Index Removal And Stable Assumptions Will Support Balanced Share Outlook

Analysts have kept their RON fair value and price target for OMV Petrom unchanged, citing consistent assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What’s in the News for OMV Petrom OMV Petrom S.A. (BVB: SNP) has been removed from the FTSE All-World Index (USD), according to a recent index constituent change notice.
H2O
RON 198.80
S.P.E.E.H. Hidroelectrica
7D
10.2%
1Y
65.4%
PPLI
RON 2.76
Professional Imo Partners
7D
-4.2%
1Y
n/a
ALR
RON 1.40
Alro
7D
-1.4%
1Y
-4.8%
WINE
RON 19.40
Purcari Wineries
7D
-2.0%
1Y
-4.9%