The PwC Valuation and Economics team is delighted to publish the nineth edition of its analysis on the Bucharest Stock Exchange and M&A valuation multiples.
The PwC study offers an extensive analysis of trading multiples trend spanning a 19-year period, from 2007 to 2025, focused on 85 companies primarily listed on the Bucharest Stock Exchange (BSE) main market and their sector specific performance across nine analysed sectors including Consumer, Electricity, Financial services, Healthcare, Industrial, Information Technology & Communications (IT&C), Materials, Oil & Gas, 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. The study also covers the analysis of 47 companies tradeable 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.
