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Bulgarian (SOFIX) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies166
  • 7D0.6%
  • 3M13.2%
  • 1Y18.5%
  • YTD13.6%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 19% in the past 12 months. Looking forward, earnings are forecast to grow by 32% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026лв10.2bлв9.4bлв673.9m18.1x15.1x1.1x
Tue, 03 Mar 2026лв10.3bлв8.8bлв647.0m20.5x15.9x1.2x
Thu, 29 Jan 2026лв10.6bлв8.7bлв638.0m22.8x16.6x1.2x
Sat, 27 Dec 2025лв17.7bлв17.2bлв1.2b20.7x14.2x1x
Mon, 24 Nov 2025лв16.8bлв16.9bлв1.2b19.9x13.7x1x
Wed, 22 Oct 2025лв17.0bлв17.0bлв1.2b19x13.8x1x
Fri, 19 Sep 2025лв17.0bлв16.8bлв1.2b17.6x13.8x1x
Sun, 17 Aug 2025лв16.9bлв16.5bлв1.1b20.2x15.1x1x
Tue, 15 Jul 2025лв16.0bлв16.4bлв1.1b20.6x14.6x1x
Thu, 12 Jun 2025лв16.3bлв16.4bлв1.1b20.2x15x1x
Sat, 10 May 2025лв15.5bлв15.8bлв1.0b19x15.2x1x
Mon, 07 Apr 2025лв15.4bлв16.3bлв1.1b18.9x14.4x0.9x
Wed, 05 Mar 2025лв14.5bлв13.4bлв979.5m17.2x14.8x1.1x
Fri, 31 Jan 2025лв14.8bлв12.6bлв875.3m17x16.9x1.2x
Sun, 29 Dec 2024лв14.8bлв12.5bлв882.6m17.4x16.7x1.2x
Tue, 26 Nov 2024лв14.8bлв12.2bлв839.3m17.4x17.7x1.2x
Thu, 24 Oct 2024лв15.0bлв12.1bлв849.3m17.9x17.6x1.2x
Sat, 21 Sep 2024лв15.2bлв12.1bлв850.7m16.7x17.9x1.3x
Mon, 19 Aug 2024лв15.6bлв14.7bлв874.7m14.3x17.8x1.1x
Wed, 17 Jul 2024лв15.7bлв12.1bлв875.8m15.7x17.9x1.3x
Fri, 14 Jun 2024лв15.1bлв12.3bлв908.1m15x16.7x1.2x
Sun, 12 May 2024лв15.5bлв16.6bлв1.1b13x13.9x0.9x
Tue, 09 Apr 2024лв14.8bлв16.7bлв1.2b14.1x12.6x0.9x
Thu, 07 Mar 2024лв15.1bлв16.6bлв1.2b14.3x13.1x0.9x
Sat, 03 Feb 2024лв16.1bлв17.8bлв1.2b12.6x13.5x0.9x
Mon, 01 Jan 2024лв15.7bлв17.7bлв1.3b11.5x12.2x0.9x
Wed, 29 Nov 2023лв15.6bлв19.0bлв1.4b12.4x10.9x0.8x
Fri, 27 Oct 2023лв15.5bлв18.8bлв1.4b12.6x11.2x0.8x
Sun, 24 Sep 2023лв15.2bлв18.8bлв1.4b12.1x10.8x0.8x
Tue, 22 Aug 2023лв14.8bлв15.9bлв1.1b12.4x13.5x0.9x
Thu, 20 Jul 2023лв14.4bлв19.2bлв1.3b13.5x10.7x0.8x
Sat, 17 Jun 2023лв14.4bлв21.0bлв1.3b13.6x11.2x0.7x
Mon, 15 May 2023лв13.9bлв20.3bлв1.1b13.4x12.5x0.7x
Wed, 12 Apr 2023лв13.8bлв20.4bлв1.0b13.4x13.4x0.7x
Price to Earnings Ratio

13.4x


Total Market Cap: лв13.8bTotal Earnings: лв1.0bTotal Revenue: лв20.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Market Price to Earnings3Y Average 14.4x202420252026
Current Market PE
  • Investors are relatively neutral on the Bulgarian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.4x.
Past Earnings Growth
  • The earnings for companies in the Bulgarian industry have declined 13% per year over the last three years.
  • Revenues have also declined 23% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Bulgarian Market?

BG Market0.62%
Tech2.18%
Consumer Staples2.13%
Consumer Discretionary1.05%
Materials0.95%
Industrials0.54%
Healthcare0.39%
Financials0.22%
Real Estate0.074%
Energy0%0
Telecom0%0
Utilities0%0
Sector PE
  • Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 24.9x.
    • 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 Tech sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Tech sector is expected to see its earnings grow by 32% 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
SLYG Shelly Group€52.002.8%
+€25.4m		53.4%PE36.7xTech
THQM Tchaikapharma High Quality Medicines AD€9.352.7%
+€24.0m		8.0%PE267.3xHealthcare
SPH Stara Planina Hold€5.208.3%
+€8.3m		26.4%PE24.8xIndustrials
VEGA Fin Collection Holding AD€42.0014.1%
+€7.3m		25.5%n/aConsumer Discretionary
ODES Odessos Shiprepair Yard€110.0010.0%
+€5.9m		-32.8%PE27xIndustrials
See more

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Latest News

SO
€15.30
Smart Organic AD
7D
2.0%
1Y
12.5%
VEGA
€42.00
Fin Collection Holding AD
7D
14.1%
1Y
25.5%
ODES
€110.00
Odessos Shiprepair Yard
7D
10.0%
1Y
-32.8%
SLYG
€52.00
Shelly Group
7D
2.8%
1Y
53.4%
HVAR
€25.40
Holding Varna AD
7D
2.4%
1Y
6.7%
SUN
€10.00
Slantse Stara Zagora Tabac AD
7D
11.1%
1Y
4.5%
SFT
€3.02
Sopharma Trading AD
7D
-2.6%
1Y
6.4%
CHIM
€0.41
Chimimport AD
7D
-7.6%
1Y
14.1%
FPP
€0.65
Fairplay Properties REIT
7D
-7.1%
1Y
n/a
CCB
€1.71
Central Cooperative Bank AD
7D
-2.3%
1Y
117.2%
SPH
€5.20
Stara Planina Hold
7D
8.3%
1Y
26.4%

Investors Could Be Concerned With Stara Planina Hold's (BUL:SPH) Returns On Capital

Jan 20
Investors Could Be Concerned With Stara Planina Hold's (BUL:SPH) Returns On Capital
SFA
€1.75
Sopharma AD
7D
-1.4%
1Y
78.9%
SPDY
€90.00
Speedy AD
7D
-1.1%
1Y
-14.4%

Investors Can Find Comfort In Speedy AD's (BUL:SPDY) Earnings Quality

Dec 07
Investors Can Find Comfort In Speedy AD's (BUL:SPDY) Earnings Quality
THQM
€9.35
Tchaikapharma High Quality Medicines AD
7D
2.7%
1Y
8.0%
KAU
€25.00
Kauchuk AD
7D
-12.6%
1Y
30.1%
HLEV
€2.20
Zlaten Lev Holding
7D
-12.0%
1Y
-6.4%