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Emirati (ADX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies149
  • 7D1.3%
  • 3M3.5%
  • 1Y8.6%
  • YTD3.9%

The market has climbed 1.3% in the last 7 days, lead by the Financials sector with a gain of 2.5%. Meanwhile, the Consumer Staples sector has underperformed, shrinking 3.9% in that time. In the last year, the market has climbed 8.6%. As for the next few years, earnings are expected to grow by 5.8% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026د.إ4.0tد.إ1.1tد.إ257.7b12.2x15.7x3.5x
Fri, 02 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.8x15.2x3.4x
Sun, 30 Nov 2025د.إ3.8tد.إ1.1tد.إ255.2b11.8x14.7x3.3x
Tue, 28 Oct 2025د.إ3.9tد.إ1.1tد.إ243.8b12.4x16.2x3.6x
Thu, 25 Sep 2025د.إ3.9tد.إ1.1tد.إ240.5b12.6x16x3.6x
Sat, 23 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.3x16.7x3.7x
Mon, 21 Jul 2025د.إ4.0tد.إ1.0tد.إ240.8b13.1x16.6x3.8x
Wed, 18 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.1x15.6x3.6x
Fri, 16 May 2025د.إ3.9tد.إ1.0tد.إ239.8b12.8x16.2x3.7x
Sun, 13 Apr 2025د.إ3.7tد.إ1.0tد.إ237.9b12.6x15.4x3.7x
Tue, 11 Mar 2025د.إ3.6tد.إ997.6bد.إ236.9b13x15.3x3.6x
Thu, 06 Feb 2025د.إ3.7tد.إ939.4bد.إ240.6b13.3x15.5x4x
Sat, 04 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.5x15.5x3.9x
Mon, 02 Dec 2024د.إ3.5tد.إ922.6bد.إ232.5b13.1x14.9x3.8x
Wed, 30 Oct 2024د.إ3.5tد.إ864.3bد.إ232.2b13.6x15x4x
Fri, 27 Sep 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.4x4.1x
Sun, 25 Aug 2024د.إ3.4tد.إ834.1bد.إ228.6b13.6x14.9x4.1x
Tue, 23 Jul 2024د.إ3.4tد.إ790.6bد.إ217.8b13.5x15.5x4.3x
Thu, 20 Jun 2024د.إ3.3tد.إ781.8bد.إ214.8b13.2x15.2x4.2x
Sat, 18 May 2024د.إ3.3tد.إ781.4bد.إ213.8b13.3x15.5x4.2x
Mon, 15 Apr 2024د.إ3.4tد.إ735.4bد.إ221.0b14.1x15.3x4.6x
Wed, 13 Mar 2024د.إ3.4tد.إ738.2bد.إ221.1b14.8x15.4x4.6x
Fri, 09 Feb 2024د.إ3.4tد.إ654.7bد.إ183.6b15.8x18.4x5.2x
Sun, 07 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.5x18.4x5.3x
Tue, 05 Dec 2023د.إ3.3tد.إ649.5bد.إ187.3b15.5x17.8x5.1x
Thu, 02 Nov 2023د.إ3.3tد.إ645.2bد.إ189.4b14.9x17.4x5.1x
Sat, 30 Sep 2023د.إ3.5tد.إ626.9bد.إ189.7b16.2x18.4x5.6x
Mon, 28 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16.1x18.5x5.6x
Wed, 26 Jul 2023د.إ3.4tد.إ604.0bد.إ182.7b16.4x18.8x5.7x
Fri, 23 Jun 2023د.إ3.3tد.إ664.3bد.إ195.4b15.7x17x5x
Sun, 21 May 2023د.إ3.3tد.إ663.8bد.إ195.2b15.5x16.7x4.9x
Tue, 18 Apr 2023د.إ3.3tد.إ642.9bد.إ176.8b15.5x18.6x5.1x
Thu, 16 Mar 2023د.إ3.2tد.إ576.1bد.إ162.7b14.4x19.6x5.5x
Sat, 11 Feb 2023د.إ3.1tد.إ566.7bد.إ153.3b14.1x20x5.4x
Price to Earnings Ratio

20x


Total Market Cap: د.إ3.1tTotal Earnings: د.إ153.3bTotal Revenue: د.إ566.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.4x202420252026
Current Market PE
  • Investors are relatively neutral on the Emirian 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 16.4x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 19% per year over the last three years.
  • Revenues for these companies have grown 26% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Emirati Market?

AE Market1.33%
Real Estate5.47%
Materials2.90%
Financials2.51%
Energy1.36%
Utilities0.84%
Telecom0.26%
Healthcare0.11%
Industrials0.11%
Consumer Discretionary-0.55%
Tech-2.42%
Consumer Staples-3.87%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 27.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 5.0%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Materials 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
EMIRATESNBD Emirates NBD Bank PJSCد.إ33.407.2%
+د.إ14.2b		60.6%PB1.5xFinancials
FAB First Abu Dhabi Bank P.J.S.Cد.إ19.985.8%
+د.إ12.2b		38.9%PB1.5xFinancials
ADIB Abu Dhabi Islamic Bank PJSCد.إ26.288.5%
+د.إ7.5b		63.6%PB3.1xFinancials
ADNOCGAS ADNOC Gasد.إ3.702.5%
+د.إ6.9b		4.5%PE14.4xEnergy
ADCB Abu Dhabi Commercial Bank PJSCد.إ15.82-3.4%
د.إ5.0b		33.6%PB1.4xFinancials
See more

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