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Slovenian (SBITOP) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies26
  • 7D1.4%
  • 3M12.9%
  • 1Y43.3%
  • YTD10.0%

The market has climbed 1.4% in the last 7 days, lead by the Healthcare sector with a gain of 3.1%. Meanwhile, the Utilities sector has underperformed, shrinking 8.2% in that time. The market is up 43% over the last 12 months. Looking forward, earnings are forecast to grow by 3.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€19.2b€14.8b€1.5b11.6x12.7x1.3x
Fri, 02 Jan 2026€17.5b€14.9b€1.5b11.2x11.5x1.2x
Sun, 30 Nov 2025€17.5b€15.1b€1.6b10.9x11.1x1.2x
Tue, 28 Oct 2025€17.6b€14.9b€1.6b9.6x11.2x1.2x
Thu, 25 Sep 2025€17.7b€15.0b€1.6b9.8x11x1.2x
Sat, 23 Aug 2025€17.4b€14.9b€1.6b11x11.2x1.2x
Mon, 21 Jul 2025€16.7b€14.6b€1.6b10.5x10.5x1.1x
Wed, 18 Jun 2025€16.1b€14.7b€1.6b10.2x10.1x1.1x
Fri, 16 May 2025€15.0b€14.7b€1.6b10.7x9.6x1x
Sun, 13 Apr 2025€13.8b€14.5b€1.5b10.3x9.1x1x
Tue, 11 Mar 2025€14.1b€14.6b€1.6b9.4x9.1x1x
Thu, 06 Feb 2025€13.5b€14.7b€1.6b10.5x8.7x0.9x
Sat, 04 Jan 2025€11.7b€14.5b€1.5b9.5x7.7x0.8x
Mon, 02 Dec 2024€11.7b€14.6b€1.5b9.1x7.5x0.8x
Wed, 30 Oct 2024€11.6b€14.7b€1.5b9.6x8x0.8x
Fri, 27 Sep 2024€11.3b€14.5b€1.5b9.5x7.8x0.8x
Sun, 25 Aug 2024€12.4b€14.8b€1.5b9.6x8.4x0.8x
Tue, 23 Jul 2024€13.1b€14.9b€1.4b10.2x9.3x0.9x
Thu, 20 Jun 2024€11.7b€15.0b€1.4b8.6x8.4x0.8x
Sat, 18 May 2024€10.8b€15.1b€1.3b8.6x8.1x0.7x
Mon, 15 Apr 2024€10.7b€15.0b€1.4b8.2x7.9x0.7x
Wed, 13 Mar 2024€10.6b€15.5b€1.2b9.6x8.7x0.7x
Fri, 09 Feb 2024€10.5b€15.6b€1.2b11.3x9x0.7x
Sun, 07 Jan 2024€10.4b€15.7b€1.2b10x8.8x0.7x
Tue, 05 Dec 2023€10.3b€15.6b€1.2b9.6x8.4x0.7x
Thu, 02 Nov 2023€9.8b€16.5b€1.2b8.2x8.2x0.6x
Sat, 30 Sep 2023€9.8b€16.5b€1.2b8.3x8.2x0.6x
Mon, 28 Aug 2023€9.7b€16.5b€1.2b7x8.2x0.6x
Wed, 26 Jul 2023€10.1b€16.8b€1.1b7.3x9.5x0.6x
Fri, 23 Jun 2023€10.1b€16.8b€1.1b7.1x8.8x0.6x
Sun, 21 May 2023€10.0b€16.8b€1.1b6.7x8.7x0.6x
Tue, 18 Apr 2023€10.0b€16.2b€1.2b8.6x8.1x0.6x
Thu, 16 Mar 2023€9.6b€15.9b€1.3b8.1x7.4x0.6x
Sat, 11 Feb 2023€9.5b€15.9b€1.2b7.9x7.6x0.6x
Price to Earnings Ratio

7.6x


Total Market Cap: €9.5bTotal Earnings: €1.2bTotal Revenue: €15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Slovenian Market Price to Earnings3Y Average 9x202420252026
Current Market PE
  • Investors are optimistic on the Slovenian 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 9.0x.
Past Earnings Growth
  • The earnings for Slovenian listed companies have grown 6.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Slovenian Market?

SI Market1.45%
Healthcare3.12%
Materials2.27%
Consumer Discretionary2.18%
Telecom0.57%
Financials0.19%
Real Estate0%0
Consumer Staples0%0
Tech0%0
Industrials-0.49%
Utilities-8.20%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 73.8x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 4.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% per year.
  • In contrast, the Industrials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
KRKG Krka d. d€230.003.1%
+€213.3m		40.2%PE17.6xHealthcare
PETG Petrol d.d€57.402.5%
+€57.6m		42.1%PE15.1xConsumer Discretionary
POSR Pozavarovalnica Sava d.d€81.501.9%
+€23.2m		79.5%PE11.5xFinancials
SALR SALUS Ljubljana d. d€54.002.9%
+€12.3m		83.1%PE30.7xHealthcare
ZVTG Zavarovalnica Triglav d.d€65.400.6%
+€9.1m		49.3%PE11.7xFinancials
See more

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Latest News

NLBR
€185.50
Nova Ljubljanska Banka d.d
7D
-0.5%
1Y
34.4%

Nova Ljubljanska Banka d.d. future looks bright with a profit margin change of 38%

Here are data based on 3rd quarter: BVPS ~ EUR 171.5 Normalized ROE: 13–16% Payout: 50–60% CET1 above SREP Regarding publish strategy for the 2026 Strategy target: Recurring revenues: EUR 1.1bn → > EUR 2.0bn Profit: EUR 0.5bn → > EUR 1.0bn CIR: 46% → <45% ROE: >15% (including 1–2 p.p. uplift from strategic initiatives) P/B: 0.8x → >1.0x Payout ratio: 40% → 50–60% Capital and risk CET1: 16.4% → >13% Assumptions NIM remains >3.2% (this might be difficult to keep) CIR improves toward 43% (now is cca 45%) Strong growth in fee income ( they plan to proceed with acquisitions) ROE 16–17% ( now is around 15%) Payout 60% Outcome BVPS 2030: ~EUR 250 P/B: 1.15x Share price: ~EUR 285 Cumulative dividends: ~EUR 75 Total value in 2030: ~EUR 360 Scenario is bullish but there is a room to achieve this. A possible future greater presence on the Croatian market, which is burdened with certain problems from the political past of relations between Slovenia and Croatia, would probably catapult the share above €360 by 2030.
PETG
€57.40
Petrol d.d
7D
2.5%
1Y
42.1%

Calculating The Fair Value Of Petrol d.d. (LJSE:PETG)

Jan 21
Calculating The Fair Value Of Petrol d.d. (LJSE:PETG)
LKPG
€92.00
Luka Koper d.d
7D
-0.5%
1Y
102.6%
KRKG
€230.00
Krka d. d
7D
3.1%
1Y
40.2%

Some Confidence Is Lacking In Krka, d. d.'s (LJSE:KRKG) P/E

Jan 11
Some Confidence Is Lacking In Krka, d. d.'s (LJSE:KRKG) P/E
POSR
€81.50
Pozavarovalnica Sava d.d
7D
1.9%
1Y
79.5%
SALR
€54.00
SALUS Ljubljana d. d
7D
2.9%
1Y
83.1%
TCRG
€53.00
Terme Catez d.d
7D
-17.2%
1Y
-14.5%

Terme Catez d.d (LJSE:TCRG) Has More To Do To Multiply In Value Going Forward

Dec 16
Terme Catez d.d (LJSE:TCRG) Has More To Do To Multiply In Value Going Forward
TLSG
€97.50
Telekom Slovenije d.d
7D
0.5%
1Y
12.7%
ZVTG
€65.40
Zavarovalnica Triglav d.d
7D
0.6%
1Y
49.3%

Zavarovalnica Triglav, d.d.'s (LJSE:ZVTG) Share Price Not Quite Adding Up

Nov 27
Zavarovalnica Triglav, d.d.'s (LJSE:ZVTG) Share Price Not Quite Adding Up
CICG
€34.10
Cinkarna Celje d. d
7D
3.0%
1Y
22.7%
UKIG
€6.00
UNIOR Kovaska industrija d.d
7D
-7.0%
1Y
-13.0%

Does UNIOR Kovaska industrija d.d (LJSE:UKIG) Have A Healthy Balance Sheet?

Oct 28
Does UNIOR Kovaska industrija d.d (LJSE:UKIG) Have A Healthy Balance Sheet?
ELOG
€1.80
Elektro Ljubljana d.d
7D
-14.3%
1Y
n/a

Elektro Ljubljana d.d.'s (LJSE:ELOG) P/S Is On The Mark

Jun 27
Elektro Ljubljana d.d.'s (LJSE:ELOG) P/S Is On The Mark