Serbian (BELEX) Materials Sector Analysis

UpdatedAug 30, 2025

DataAggregated Company Financials

Companies4

7D0.3%
3M0.8%
1Y14.5%
YTD1.3%

The Materials industry has stayed flat over the last week. The past year has been better, since the industry has gained 11% in that time.

Sector Valuation and Performance

Has the Serbian Materials Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 31 Aug 2025	дин44.5b	дин22.6b	дин5.0b	8.1x	8.9x	2x
Tue, 29 Jul 2025	дин44.1b	дин22.6b	дин5.0b	8.1x	8.9x	2x
Thu, 26 Jun 2025	дин44.7b	дин22.6b	дин5.0b	8.1x	9x	2x
Sat, 24 May 2025	дин44.2b	дин22.6b	дин5.0b	8.1x	8.9x	2x
Mon, 21 Apr 2025	дин42.2b	дин21.5b	дин4.6b	7.6x	9.2x	2x
Wed, 19 Mar 2025	дин43.4b	дин21.5b	дин4.6b	7.7x	9.5x	2x
Fri, 14 Feb 2025	дин43.0b	дин21.5b	дин4.6b	7.7x	9.4x	2x
Sun, 12 Jan 2025	дин44.3b	дин21.5b	дин4.6b	8x	9.7x	2.1x
Tue, 10 Dec 2024	дин43.4b	дин21.5b	дин4.6b	7.9x	9.5x	2x
Thu, 07 Nov 2024	дин42.8b	дин21.5b	дин4.6b	7.5x	9.3x	2x
Sat, 05 Oct 2024	дин42.7b	дин21.4b	дин3.6b	9.5x	11.9x	2x
Mon, 02 Sep 2024	дин39.4b	дин21.4b	дин3.6b	8.7x	11x	1.8x
Wed, 31 Jul 2024	дин33.3b	дин21.4b	дин3.6b	7.2x	9.3x	1.6x
Fri, 28 Jun 2024	дин33.0b	дин46.9b	дин5.6b	6.9x	5.9x	0.7x
Sun, 26 May 2024	дин32.7b	дин46.9b	дин5.6b	6.9x	5.8x	0.7x
Tue, 23 Apr 2024	дин34.2b	дин43.7b	дин4.7b	6.5x	7.3x	0.8x
Thu, 21 Mar 2024	дин31.1b	дин43.7b	дин4.7b	5.9x	6.6x	0.7x
Sat, 17 Feb 2024	дин28.7b	дин43.7b	дин4.7b	5.5x	6.1x	0.7x
Mon, 15 Jan 2024	дин24.9b	дин43.9b	дин4.7b	6x	5.3x	0.6x
Wed, 13 Dec 2023	дин25.6b	дин43.9b	дин4.7b	6.1x	5.4x	0.6x
Fri, 10 Nov 2023	дин25.0b	дин43.9b	дин4.7b	6x	5.3x	0.6x
Sun, 08 Oct 2023	дин26.1b	дин43.9b	дин4.7b	6.3x	5.5x	0.6x
Tue, 05 Sep 2023	дин25.5b	дин41.2b	дин4.3b	7x	5.9x	0.6x
Thu, 03 Aug 2023	дин23.7b	дин41.2b	дин4.3b	6.3x	5.5x	0.6x
Sat, 01 Jul 2023	дин23.3b	дин41.8b	дин5.1b	13.6x	4.5x	0.6x
Mon, 29 May 2023	дин24.1b	дин42.1b	дин5.1b	13.6x	4.7x	0.6x
Wed, 26 Apr 2023	дин23.1b	дин22.1b	дин842.4m	20.9x	27.5x	1x
Fri, 24 Mar 2023	дин22.0b	дин22.1b	дин842.4m	20.9x	26.1x	1x
Sun, 19 Feb 2023	дин22.0b	дин22.1b	дин842.4m	20.9x	26.1x	1x
Tue, 17 Jan 2023	дин23.4b	дин21.4b	дин838.5m	13.4x	27.9x	1.1x
Thu, 15 Dec 2022	дин21.5b	дин34.9b	дин3.7b	6x	5.8x	0.6x
Sat, 12 Nov 2022	дин20.8b	дин34.9b	дин3.7b	5.7x	5.6x	0.6x
Mon, 10 Oct 2022	дин23.9b	дин34.9b	дин3.7b	6.4x	6.4x	0.7x
Wed, 07 Sep 2022	дин24.9b	дин34.9b	дин3.7b	6.9x	6.7x	0.7x

Price to Earnings Ratio

6.7x

Wed, 07 Sep 2022

Current Industry PE

Investors are relatively neutral on the Serbian Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 9.6x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.

Past Earnings Growth

The earnings for companies in the Materials industry have grown 10% per year over the last three years.
Meanwhile revenues for these companies have declined 14% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Serbian Materials sector?


RS Market	-0.0067%
Materials	0.32%
Chemicals	0.39%
Basic Materials	0%	0
Packaging	0%	0
Metals and Mining	0%	0
Paper and Forestry Products	0%	0

Industry PE

Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 60.4x.

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

Investors are most pessimistic about the Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.2x.

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