The PwC Valuation and Economics team is delighted to publish the seventh edition of its analysis on the Bucharest Stock Exchange listed companies
The PwC study offers an extensive analysis of trading multiples trend spanning a 17-year period, from 2007 to 2023, focused on 84 companies primarily listed on the Bucharest Stock Exchange (BSE) main market and their sector specific performance across nine analysed sectors including Consumer, Oil & Gas, Financial services, Healthcare, Industrial, Materials and Electricity, as well as two newly added, Information Technology & Communications (IT&C) and Real estate. Notably, the study excludes Erste Group Bank AG, which is primarily listed on the Vienna Stock Exchange and secondarily on the BSE. Starting with last year’s edition, the study has expanded its coverage to include the analysis of 49 companies listed on the Multilateral Trading System (MTS)/AeRO - Premium category. In light of the increasing significance of the Multilateral Trading System (MTS) as a platform for companies exploring alternative listing options, the study endeavours to analyse the valuation multiples recorded by these companies in 2023. The inclusion of MTS listed companies adds a new dimension to the study, allowing for a broader assessment of the Romanian valuation landscape for listed companies.
