Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Emirati (ADX) Market Analysis & Valuation

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies153
  • 7D0.3%
  • 3M5.7%
  • 1Y-2.7%
  • YTD-3.1%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 3.0%. Similarly, the market is flat for the past 12 months. Earnings are forecast to grow by 7.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026د.إ3.8tد.إ1.2tد.إ277.7b10.8x13.6x3.1x
Mon, 01 Jun 2026د.إ3.7tد.إ1.2tد.إ277.7b10.9x13.2x3x
Wed, 29 Apr 2026د.إ3.7tد.إ1.2tد.إ268.9b10.9x13.7x3.1x
Fri, 27 Mar 2026د.إ3.6tد.إ1.2tد.إ267.4b10.4x13.4x3x
Sun, 22 Feb 2026د.إ4.0tد.إ1.2tد.إ266.3b11.4x15.2x3.4x
Tue, 20 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b12x15.4x3.4x
Thu, 18 Dec 2025د.إ3.9tد.إ1.1tد.إ255.2b11.7x15.2x3.4x
Sat, 15 Nov 2025د.إ3.8tد.إ1.1tد.إ251.8b11.6x15.2x3.4x
Mon, 13 Oct 2025د.إ3.9tد.إ1.1tد.إ240.6b12.4x16.2x3.6x
Wed, 10 Sep 2025د.إ3.9tد.إ1.1tد.إ236.4b12.7x16.3x3.6x
Fri, 08 Aug 2025د.إ4.0tد.إ1.1tد.إ242.6b13.4x16.6x3.8x
Sun, 06 Jul 2025د.إ3.9tد.إ1.0tد.إ240.2b12.9x16.2x3.7x
Tue, 03 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.6x15.8x3.6x
Thu, 01 May 2025د.إ3.8tد.إ1.0tد.إ241.9b12.9x15.8x3.8x
Sat, 29 Mar 2025د.إ3.7tد.إ1.0tد.إ237.9b13.1x15.5x3.7x
Mon, 24 Feb 2025د.إ3.7tد.إ964.4bد.إ245.5b13.1x15.2x3.9x
Wed, 22 Jan 2025د.إ3.7tد.إ935.6bد.إ237.3b14x15.6x4x
Fri, 20 Dec 2024د.إ3.6tد.إ928.2bد.إ235.9b12.6x15.3x3.9x
Sun, 17 Nov 2024د.إ3.5tد.إ894.3bد.إ230.6b13x15.1x3.9x
Tue, 15 Oct 2024د.إ3.5tد.إ847.1bد.إ228.2b13.3x15.1x4.1x
Thu, 12 Sep 2024د.إ3.4tد.إ849.4bد.إ229.1b13.6x14.9x4x
Sat, 10 Aug 2024د.إ3.4tد.إ826.0bد.إ228.1b13.1x14.7x4.1x
Mon, 08 Jul 2024د.إ3.3tد.إ786.6bد.إ216.1b13.3x15.4x4.2x
Wed, 05 Jun 2024د.إ3.2tد.إ781.6bد.إ215.0b13.1x15x4.1x
Fri, 03 May 2024د.إ3.3tد.إ762.5bد.إ228.9b13.9x14.3x4.3x
Sun, 31 Mar 2024د.إ3.4tد.إ737.6bد.إ221.6b14.4x15.3x4.6x
Tue, 27 Feb 2024د.إ3.3tد.إ739.0bد.إ206.4b15.5x16.2x4.5x
Thu, 25 Jan 2024د.إ3.5tد.إ656.3bد.إ189.5b15.9x18.2x5.3x
Sat, 23 Dec 2023د.إ3.4tد.إ653.9bد.إ188.1b15.1x18.1x5.2x
Mon, 20 Nov 2023د.إ3.4tد.إ650.1bد.إ187.4b14.9x17.9x5.2x
Wed, 18 Oct 2023د.إ3.3tد.إ627.5bد.إ190.3b14.8x17.5x5.3x
Fri, 15 Sep 2023د.إ3.5tد.إ616.4bد.إ187.4b15.5x18.5x5.6x
Sun, 13 Aug 2023د.إ3.5tد.إ613.4bد.إ187.6b15.7x18.7x5.7x
Tue, 11 Jul 2023د.إ3.4tد.إ601.5bد.إ182.2b16.2x18.6x5.6x
Price to Earnings Ratio

18.6x


Total Market Cap: د.إ3.4tTotal Earnings: د.إ182.2bTotal Revenue: د.إ601.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 15.8x202420252026
Current Market PE
  • Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.6x which is lower than its 3-year average PE of 15.8x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 27% 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 Market0.27%
Telecom3.00%
Financials1.15%
Utilities1.12%
Consumer Discretionary0.59%
Industrials-0.17%
Energy-0.59%
Real Estate-0.88%
Healthcare-0.92%
Materials-1.98%
Tech-2.35%
Consumer Staples-4.43%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings growth of 8.6% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 8.6% per year.
  • In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 5.0% 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
TAQA Abu Dhabi National Energy Company PJSCد.إ2.651.5%
+د.إ4.5b		-20.4%PE40xUtilities
ADCB Abu Dhabi Commercial Bank PJSCد.إ15.103.6%
+د.إ4.1b		10.5%PB1.4xFinancials
EAND Emirates Telecommunications Group Company PJSCد.إ19.662.4%
+د.إ4.0b		11.7%PE14.4xTelecom
ADIB Abu Dhabi Islamic Bank PJSCد.إ21.763.7%
+د.إ2.8b		0.5%PB2.8xFinancials
DU Emirates Integrated Telecommunications Company PJSCد.إ12.044.9%
+د.إ2.5b		21.9%PE18.1xTelecom
See more

Market Insights

Header cover image
Markets are supposed to reprice risk when it changes. This time they've repriced the promise, but left the threat largely untouched. Whether that's an oversight or a fair call is worth thinking through.
Continue reading
Finding dividends that actually last

Latest News

BOROUGE
د.إ2.52
Borouge
7D
-1.2%
1Y
-3.4%
ALDAR
د.إ8.30
Aldar Properties PJSC
7D
-2.5%
1Y
-7.8%
FERTIGLB
د.إ2.68
Fertiglobe
7D
-4.6%
1Y
12.1%
Narrative Update • Jun 26

FERTIGLB: Board Review And Earnings Outlook Will Shape Balanced Near-Term Prospects

Analysts have adjusted their price target for Fertiglobe slightly higher to AED 3.00. This change reflects updated views on its fair value, discount rate, revenue trend, profit margin, and future P/E assumptions.
ADCB
د.إ15.10
Abu Dhabi Commercial Bank PJSC
7D
3.6%
1Y
10.5%
Narrative Update • Jun 26

ADCB: Upcoming Board Review And Higher Margin Outlook Will Support Upside Potential

Analysts have slightly reduced their price target for Abu Dhabi Commercial Bank PJSC to AED17.05 from AED17.67, citing updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Abu Dhabi Commercial Bank PJSC has scheduled a board meeting for April 23, 2026, at 06:00 Coordinated Universal Time, according to a company filing.
EMIRATESNBD
د.إ30.64
Emirates NBD Bank PJSC
7D
0.7%
1Y
29.8%
Narrative Update • Jun 24

EMIRATESNBD: Upcoming Board Meeting Will Clarify Outlook For Fairly Valued Shares

Analysts have trimmed their price target for Emirates NBD Bank PJSC by about AED 1.00, pointing to slightly adjusted fair value estimates that reflect updated assumptions on revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News Emirates NBD Bank PJSC has scheduled a Board Meeting for Apr 22, 2026, at 11:00 Coordinated Universal Time.
TAQA
د.إ2.65
Abu Dhabi National Energy Company PJSC
7D
1.5%
1Y
-20.4%
Narrative Update • Jun 24

TAQA: Rising P/E Expectations And Softer Margins Will Pressure Future Returns

Analysts have adjusted their price target on Abu Dhabi National Energy Company PJSC to reflect updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. This has resulted in a revised valuation in AED terms for the stock.
DIB
د.إ7.72
Dubai Islamic Bank P.J.S.C
7D
1.8%
1Y
-15.8%
Narrative Update • Jun 23

DIB: Board Continuity And Earnings Quality Will Support Balanced Fair Value Outlook

Analysts have adjusted their fair value estimate for Dubai Islamic Bank P.J.S.C. slightly lower from AED 8.80 to AED 8.48, reflecting updated assumptions for discount rate, revenue growth, profit margin and forward P/E expectations. What’s in the News for Dubai Islamic Bank P.J.S.C. Board meeting scheduled for Apr 28, 2026, at 11:30 UTC to consider the financial statements for the three month period ended 31 March 2026, along with other routine matters.
ADIB
د.إ21.76
Abu Dhabi Islamic Bank PJSC
7D
3.7%
1Y
0.5%
Narrative Update • Jun 22

ADIB: Higher Margin Outlook Will Support Attractive Future Upside

Analysts have trimmed their price target on Abu Dhabi Islamic Bank PJSC to AED 24.64 from AED 25.65, citing updated assumptions that now pair slightly lower revenue growth and a modestly lower future P/E with a somewhat higher profit margin outlook and a broadly similar discount rate. What's in the News Abu Dhabi Islamic Bank PJSC has scheduled a board meeting on Apr 29, 2026, at 08:00 UTC to review and approve the financial statements and results for Q1 2026 as of Mar 31, 2026, and to consider general matters and any other business matters.
EMAAR
د.إ12.12
Emaar Properties PJSC
7D
-0.7%
1Y
-13.1%
ADNOCDRILL
د.إ5.68
ADNOC Drilling Company P.J.S.C
7D
-2.7%
1Y
-1.9%
Narrative Update • Jun 17

ADNOCDRILL: Upcoming Interim Dividend And Fair Value Outlook Will Shape Returns

Analysts have made a marginal adjustment to the ADNOC Drilling Company P.J.S.C. price target to AED 6.52, reflecting updated views on revenue growth, profit margins, and future P/E assumptions, while keeping their overall valuation framework broadly consistent. What’s in the News for ADNOC Drilling Company P.J.S.C. Board meeting scheduled for May 8, 2026, at 11:00 Coordinated Universal Time to consider first quarter 2026 financial statements and an interim cash dividend for shareholders.
2POINTZERO
د.إ2.16
Two Point Zero Group P.J.S.C
7D
-2.7%
1Y
-10.4%
EAND
د.إ19.66
Emirates Telecommunications Group Company PJSC
7D
2.4%
1Y
11.7%
IHC
د.إ382.30
International Holding Company PJSC
7D
-0.5%
1Y
-4.4%
Analysis Article • May 17

Investors Shouldn't Be Too Comfortable With International Holding Company PJSC's (ADX:IHC) Earnings

International Holding Company PJSC's ( ADX:IHC ) robust earnings report didn't manage to move the market for its stock...
TECOM
د.إ3.37
TECOM Group PJSC
7D
-4.5%
1Y
3.7%
Analysis Article • May 08

TECOM Group PJSC's (DFM:TECOM) Earnings Are Of Questionable Quality

Despite posting some strong earnings, the market for TECOM Group PJSC's ( DFM:TECOM ) stock hasn't moved much. We did...
ALPHADHABI
د.إ8.22
Alpha Dhabi Holding PJSC
7D
3.0%
1Y
-33.5%
DU
د.إ12.04
Emirates Integrated Telecommunications Company PJSC
7D
4.9%
1Y
21.9%
Analysis Article • Apr 24

Analysts Have Made A Financial Statement On Emirates Integrated Telecommunications Company PJSC's (DFM:DU) First-Quarter Report

Emirates Integrated Telecommunications Company PJSC ( DFM:DU ) came out with its first-quarter results last week, and...