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

Emirati (ADX) Market Analysis & Valuation

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies153
  • 7D-0.1%
  • 3M-11.0%
  • 1Y-0.2%
  • YTD-5.3%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 6.8% in that time. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 5.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026د.إ3.7tد.إ1.2tد.إ270.7b11.4x13.6x3x
Fri, 10 Apr 2026د.إ3.7tد.إ1.2tد.إ267.5b10.8x13.7x3.1x
Sun, 08 Mar 2026د.إ3.7tد.إ1.2tد.إ266.4b10.6x14x3.2x
Tue, 03 Feb 2026د.إ4.0tد.إ1.1tد.إ256.9b11.8x15.6x3.5x
Thu, 01 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.8x15.2x3.4x
Sat, 29 Nov 2025د.إ3.8tد.إ1.1tد.إ255.1b11.8x14.7x3.3x
Mon, 27 Oct 2025د.إ4.0tد.إ1.1tد.إ243.8b12.6x16.2x3.6x
Wed, 24 Sep 2025د.إ3.9tد.إ1.1tد.إ240.5b12.7x16.2x3.6x
Fri, 22 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.3x16.7x3.7x
Sun, 20 Jul 2025د.إ4.0tد.إ1.0tد.إ240.8b13.1x16.6x3.8x
Tue, 17 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.2x15.7x3.6x
Thu, 15 May 2025د.إ3.9tد.إ1.0tد.إ239.6b12.8x16.1x3.7x
Sat, 12 Apr 2025د.إ3.7tد.إ1.0tد.إ237.9b12.6x15.4x3.7x
Mon, 10 Mar 2025د.إ3.7tد.إ997.6bد.إ236.9b13x15.5x3.7x
Wed, 05 Feb 2025د.إ3.7tد.إ938.1bد.إ237.5b13.2x15.6x4x
Fri, 03 Jan 2025د.إ3.7tد.إ928.2bد.إ235.8b13.5x15.5x3.9x
Sun, 01 Dec 2024د.إ3.5tد.إ922.6bد.إ232.5b13.1x14.9x3.8x
Tue, 29 Oct 2024د.إ3.5tد.إ863.9bد.إ231.5b13.6x15x4x
Thu, 26 Sep 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.4x4.1x
Sat, 24 Aug 2024د.إ3.4tد.إ834.0bد.إ228.6b13.6x14.9x4.1x
Mon, 22 Jul 2024د.إ3.4tد.إ790.6bد.إ217.8b13.3x15.5x4.3x
Wed, 19 Jun 2024د.إ3.3tد.إ781.8bد.إ214.9b13.2x15.2x4.2x
Fri, 17 May 2024د.إ3.3tد.إ781.2bد.إ213.9b13.8x15.5x4.2x
Sun, 14 Apr 2024د.إ3.4tد.إ735.6bد.إ220.9b14.1x15.3x4.6x
Tue, 12 Mar 2024د.إ3.4tد.إ738.2bد.إ221.1b14.8x15.4x4.6x
Thu, 08 Feb 2024د.إ3.4tد.إ653.2bد.إ192.1b15.8x17.6x5.2x
Sat, 06 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.5x18.4x5.3x
Mon, 04 Dec 2023د.إ3.3tد.إ649.5bد.إ187.3b15.5x17.8x5.1x
Wed, 01 Nov 2023د.إ3.3tد.إ645.0bد.إ188.6b14.8x17.3x5.1x
Fri, 29 Sep 2023د.إ3.5tد.إ626.9bد.إ189.7b16.2x18.4x5.6x
Sun, 27 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16.1x18.5x5.6x
Tue, 25 Jul 2023د.إ3.4tد.إ603.8bد.إ184.3b16.2x18.7x5.7x
Thu, 22 Jun 2023د.إ3.3tد.إ664.3bد.إ195.4b15.6x17x5x
Sat, 20 May 2023د.إ3.3tد.إ663.6bد.إ195.2b15.8x16.7x4.9x
Price to Earnings Ratio

16.7x


Total Market Cap: د.إ3.3tTotal Earnings: د.إ195.2bTotal Revenue: د.إ663.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16x202420252026
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 16.0x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Market-0.14%
Tech6.81%
Real Estate1.28%
Telecom0.82%
Industrials0.042%
Healthcare-0.36%
Financials-0.45%
Utilities-0.45%
Energy-0.55%
Consumer Discretionary-0.59%
Materials-1.79%
Consumer Staples-4.87%
Sector PE
  • Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 5.1%, which is lower than the prior year's growth of 9.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Industrials sector is expected to see its earnings decline by 5.6% 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
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.783.0%
+د.إ4.0b		4.9%PE16.7xUtilities
DU Emirates Integrated Telecommunications Company PJSCد.إ11.204.9%
+د.إ2.4b		29.3%PE16.8xTelecom
ALDAR Aldar Properties PJSCد.إ7.892.2%
+د.إ1.3b		-6.4%PE7.8xReal Estate
MASQ Mashreqbank PSCد.إ241.002.5%
+د.إ1.2b		2.1%PB1.2xFinancials
SALIK Salik Company P.J.S.Cد.إ5.652.7%
+د.إ1.1b		3.7%PE27.3xIndustrials
See more

Market Insights

Header cover image
Both robotic engineering and AI have advanced exponentially in recent years. Are they ready to combine and scale commercially?
Continue reading
The dire straits of Hormuz ⛴️

Latest News

SALIK
د.إ5.65
Salik Company P.J.S.C
7D
2.7%
1Y
3.7%
IHC
د.إ390.00
International Holding Company PJSC
7D
-1.1%
1Y
-2.8%
EMAARDEV
د.إ14.14
Emaar Development PJSC
7D
-2.5%
1Y
7.1%
AMR
د.إ1.83
Americana Restaurants International
7D
-5.2%
1Y
-12.9%
Analysis Article • May 11

Solid Earnings Reflect Americana Restaurants International's (ADX:AMR) Strength As A Business

Americana Restaurants International PLC ( ADX:AMR ) recently posted some strong earnings, and the market responded...
ALDAR
د.إ7.89
Aldar Properties PJSC
7D
2.2%
1Y
-6.4%
Analysis Article • May 09

Aldar Properties PJSC's (ADX:ALDAR) Profits Appear To Have Quality Issues

The stock price didn't jump after Aldar Properties PJSC ( ADX:ALDAR ) posted decent earnings last week. Our analysis...
PHX
د.إ0.90
Phoenix Group
7D
21.6%
1Y
-2.7%
PRESIGHT
د.إ3.38
Presight AI Holding
7D
-5.1%
1Y
42.0%
MASQ
د.إ241.00
Mashreqbank PSC
7D
2.5%
1Y
2.1%
FERTIGLB
د.إ3.34
Fertiglobe
7D
-5.9%
1Y
40.9%
EMIRATESNBD
د.إ28.24
Emirates NBD Bank PJSC
7D
-1.7%
1Y
31.3%
Narrative Update • Apr 25

EMIRATESNBD: Dividend Vote And Upcoming Meetings Will Support Future Upside Potential

Analysts have slightly reduced their price target for Emirates NBD Bank PJSC from AED 35.57 to AED 34.48, reflecting updated assumptions around revenue growth, profit margins, and a lower future P/E estimate. What's in the News A board meeting is scheduled for Apr 22, 2026 at 11:00 UTC to review and approve the previous board meeting minutes, the Emirates NBD Group consolidated financial statements for the quarter ended Mar 31, 2026 in English and Arabic, and other normal activities (Key Developments).
DU
د.إ11.20
Emirates Integrated Telecommunications Company PJSC
7D
4.9%
1Y
29.3%
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...
FAB
د.إ16.76
First Abu Dhabi Bank P.J.S.C
7D
-3.9%
1Y
8.3%
ADNOCGAS
د.إ3.28
ADNOC Gas
7D
-1.8%
1Y
0.3%
DEWA
د.إ2.78
Dubai Electricity and Water Authority (PJSC)
7D
3.0%
1Y
4.9%
TAQA
د.إ2.34
Abu Dhabi National Energy Company PJSC
7D
0.4%
1Y
-25.7%
Narrative Update • Mar 30

TAQA: Fair Outlook Will Rely On New Dividend Policy And Utilities Deals

Analysts have trimmed their price target on Abu Dhabi National Energy Company PJSC to AED 2.45 from AED 3.14, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News A board meeting is scheduled for February 12, 2026 to approve audited financial results for the year ended December 31, 2025 and to call the Annual General Assembly for March 12, 2026, subject to regulator agreement (company announcement).
PARKIN
د.إ5.37
Parkin Company P.J.S.C
7D
7.0%
1Y
-8.2%