Romanian (BET) Capital Markets Industry Analysis

Industry Valuation and Performance

Has the Romanian Capital Markets Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 23 Jul 2026	RON 10.6b	RON 2.3b	RON 1.9b	7x	5.7x	4.6x
Sat, 20 Jun 2026	RON 10.0b	RON 2.3b	RON 1.9b	6.8x	5.3x	4.4x
Mon, 18 May 2026	RON 10.2b	RON 2.1b	RON 1.7b	7.6x	6.2x	4.8x
Wed, 15 Apr 2026	RON 9.9b	RON 2.1b	RON 1.6b	7.3x	6x	4.7x
Fri, 13 Mar 2026	RON 10.0b	RON 2.1b	RON 1.5b	7.9x	6.5x	4.8x
Sun, 08 Feb 2026	RON 10.3b	RON 1.6b	RON 1.1b	11.5x	9.1x	6.3x
Tue, 06 Jan 2026	RON 9.0b	RON 1.4b	RON 865.9m	10x	10.4x	6.5x
Thu, 04 Dec 2025	RON 8.9b	RON 1.4b	RON 865.9m	10x	10.3x	6.4x
Sat, 01 Nov 2025	RON 7.9b	RON 1.4b	RON 857.4m	9.6x	9.2x	5.6x
Mon, 29 Sep 2025	RON 7.4b	RON 1.4b	RON 822.3m	9.7x	9x	5.1x
Wed, 27 Aug 2025	RON 7.1b	RON 1.4b	RON 755.4m	12.9x	9.4x	5.2x
Fri, 25 Jul 2025	RON 6.2b	RON 1.4b	RON 745.6m	12.4x	8.3x	4.5x
Sun, 22 Jun 2025	RON 6.0b	RON 1.4b	RON 745.6m	11.9x	8x	4.4x
Tue, 20 May 2025	RON 5.9b	RON 1.5b	RON 846.7m	8.6x	7x	4x
Thu, 17 Apr 2025	RON 6.0b	RON 1.7b	RON 1.1b	5.9x	5.5x	3.6x
Sat, 15 Mar 2025	RON 6.2b	RON 1.8b	RON 1.2b	6.2x	5.3x	3.6x
Mon, 10 Feb 2025	RON 6.3b	RON 1.9b	RON 1.4b	4.6x	4.5x	3.2x
Wed, 08 Jan 2025	RON 6.2b	RON 1.9b	RON 1.3b	4.7x	4.6x	3.3x
Fri, 06 Dec 2024	RON 5.7b	RON 1.9b	RON 1.3b	4.4x	4.3x	3.1x
Sun, 03 Nov 2024	RON 6.3b	RON 2.2b	RON 1.3b	4.3x	5x	2.8x
Tue, 01 Oct 2024	RON 6.4b	RON 2.2b	RON 1.3b	4.2x	5x	2.9x
Thu, 29 Aug 2024	RON 4.9b	RON 1.5b	RON 1.1b	6.2x	4.6x	3.2x
Sat, 27 Jul 2024	RON 5.1b	RON 1.5b	RON 1.0b	6.2x	4.9x	3.4x
Mon, 24 Jun 2024	RON 4.9b	RON 1.5b	RON 1.0b	5.7x	4.8x	3.3x
Wed, 22 May 2024	RON 4.8b	RON 1.5b	RON 1.0b	5.7x	4.6x	3.2x
Fri, 19 Apr 2024	RON 4.8b	RON 1.2b	RON 840.1m	5.9x	5.7x	4.1x
Sun, 17 Mar 2024	RON 4.8b	RON 1.1b	RON 769.7m	9.4x	6.2x	4.3x
Tue, 13 Feb 2024	RON 4.4b	RON 1.0b	RON 647.0m	11.3x	6.9x	4.4x
Thu, 11 Jan 2024	RON 4.6b	RON 1.0b	RON 647.0m	12.1x	7.1x	4.6x
Sat, 09 Dec 2023	RON 4.6b	RON 1.0b	RON 647.0m	12.2x	7x	4.5x
Mon, 06 Nov 2023	RON 4.3b	RON 804.8m	RON 367.7m	12.7x	11.8x	5.4x
Wed, 04 Oct 2023	RON 4.4b	RON 779.8m	RON 332.2m	12.7x	13.3x	5.7x
Fri, 01 Sep 2023	RON 14.6b	RON 3.2b	RON 2.5b	7.7x	5.9x	4.6x
Sun, 30 Jul 2023	RON 14.5b	RON 3.2b	RON 2.5b	7.7x	5.9x	4.5x

Current Industry PE

Investors are pessimistic on the Romanian Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 5.7x which is lower than its 3-year average PE of 6.9x.

The industry is trading close to its 3-year average PS ratio of 4.4x.

Past Earnings Growth

The earnings for companies in the Capital Markets industry have declined 8.5% per year over the last three years,
Revenues have also declined 10% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Romanian Financials industry?


RO Market	5.27%
Financials	2.06%
Capital Markets	1.65%
Investment Banking and Brokerage	15.18%
Financial Exchanges and Data	10.22%
Asset Management	0.99%

Industry PE

Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 34.5x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
BVB Bursa de Valori Bucuresti	RON 79.80	10.2% +RON 71.0m	124.8%	PE38.6x
LION Lion Capital	RON 4.68	2.9% +RON 64.7m	69.0%	PE3.4x
TRANSI Transilvania Investments Alliance	RON 0.67	3.1% +RON 39.0m	78.2%	PE8x
BRK SSIF BRK Financial Group	RON 0.13	15.2% +RON 5.7m	53.6%	PE4.6x
PVBS Perseus Fintech S A	RON 0.55	41.0% +RON 492.5k	-17.9%	n/a

Company

Last Price

Valuation

BVB Bursa de Valori Bucuresti

RON 79.80

10.2%
+RON 71.0m

124.8%

PE38.6x

LION Lion Capital

RON 4.68

2.9%
+RON 64.7m

69.0%

PE3.4x

TRANSI Transilvania Investments Alliance

RON 0.67

3.1%
+RON 39.0m

78.2%

PE8x

BRK SSIF BRK Financial Group

RON 0.13

15.2%
+RON 5.7m

53.6%

PE4.6x

PVBS Perseus Fintech S A

RON 0.55

41.0%
+RON 492.5k

-17.9%

n/a

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.

Romanian (BET) Capital Markets Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 20%

New minor risk - Share price stability

Upcoming dividend of RON0.041 per share

New major risk - Earnings quality

SSIF BRK Financial Group S.A. to Report Q3, 2026 Results on Nov 27, 2026

Transilvania Investments Alliance S.A. to Report Q3, 2026 Results on Nov 13, 2026