Analysis Article • Aug 20
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Emirati (ADX) Market Analysis & Valuation
UpdatedAug 27, 2026
DataAggregated Company Financials
Companies153
- 7D-0.02%
- 3M3.2%
- 1Y-5.1%
- YTD-3.1%
In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 4.9%. Unfortunately though, the market is down 5.1% over the past year. As for the next few years, earnings are expected to grow by 7.2% per annum.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 27 Aug 2026 | د.إ3.8t | د.إ1.3t | د.إ298.2b | 10.4x | 12.7x | 2.9x |
| Sat, 25 Jul 2026 | د.إ3.7t | د.إ1.2t | د.إ280.5b | 10.7x | 13.2x | 3x |
| Mon, 22 Jun 2026 | د.إ3.8t | د.إ1.2t | د.إ277.6b | 11.2x | 13.8x | 3.1x |
| Wed, 20 May 2026 | د.إ3.6t | د.إ1.2t | د.إ277.8b | 10.9x | 13x | 2.9x |
| Fri, 17 Apr 2026 | د.إ3.7t | د.إ1.2t | د.إ267.5b | 11.1x | 13.9x | 3.1x |
| Sun, 15 Mar 2026 | د.إ3.5t | د.إ1.2t | د.إ265.8b | 10.3x | 13.3x | 3x |
| Tue, 10 Feb 2026 | د.إ4.1t | د.إ1.2t | د.إ255.8b | 12.2x | 16.1x | 3.6x |
| Thu, 08 Jan 2026 | د.إ3.9t | د.إ1.1t | د.إ255.0b | 11.9x | 15.3x | 3.4x |
| Sat, 06 Dec 2025 | د.إ3.9t | د.إ1.1t | د.إ255.2b | 11.7x | 15.1x | 3.4x |
| Mon, 03 Nov 2025 | د.إ3.9t | د.إ1.1t | د.إ246.6b | 11.9x | 15.9x | 3.5x |
| Wed, 01 Oct 2025 | د.إ3.9t | د.إ1.1t | د.إ240.5b | 12.2x | 16.1x | 3.6x |
| Fri, 29 Aug 2025 | د.إ4.0t | د.إ1.1t | د.إ239.3b | 13.1x | 16.6x | 3.7x |
| Sun, 27 Jul 2025 | د.إ4.0t | د.إ1.0t | د.إ242.1b | 13.3x | 16.6x | 3.9x |
| Tue, 24 Jun 2025 | د.إ3.7t | د.إ1.0t | د.إ240.2b | 12.2x | 15.6x | 3.6x |
| Thu, 22 May 2025 | د.إ3.8t | د.إ1.0t | د.إ240.1b | 12.7x | 15.7x | 3.6x |
| Sat, 19 Apr 2025 | د.إ3.7t | د.إ1.0t | د.إ238.0b | 12.7x | 15.7x | 3.7x |
| Mon, 17 Mar 2025 | د.إ3.6t | د.إ998.1b | د.إ237.4b | 13.3x | 15.4x | 3.7x |
| Wed, 12 Feb 2025 | د.إ3.8t | د.إ943.8b | د.إ241.7b | 13.4x | 15.5x | 4x |
| Fri, 10 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.4x | 15.7x | 4x |
| Sun, 08 Dec 2024 | د.إ3.5t | د.إ923.4b | د.إ232.9b | 13x | 15x | 3.8x |
| Tue, 05 Nov 2024 | د.إ3.5t | د.إ879.3b | د.إ235.5b | 13x | 14.8x | 4x |
| Thu, 03 Oct 2024 | د.إ3.5t | د.إ849.5b | د.إ229.1b | 13.6x | 15.3x | 4.1x |
| Sat, 31 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.7x | 14.7x | 4x |
| Mon, 29 Jul 2024 | د.إ3.4t | د.إ793.6b | د.إ217.4b | 13.3x | 15.6x | 4.3x |
| Wed, 26 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.8b | 13.3x | 15.3x | 4.2x |
| Fri, 24 May 2024 | د.إ3.2t | د.إ781.6b | د.إ214.9b | 13.1x | 15.1x | 4.2x |
| Sun, 21 Apr 2024 | د.إ3.3t | د.إ752.4b | د.إ222.1b | 14.1x | 15.1x | 4.5x |
| Tue, 19 Mar 2024 | د.إ3.4t | د.إ738.9b | د.إ221.9b | 14.7x | 15.4x | 4.6x |
| Thu, 15 Feb 2024 | د.إ3.4t | د.إ732.8b | د.إ206.9b | 15.2x | 16.4x | 4.6x |
| Sat, 13 Jan 2024 | د.إ3.5t | د.إ654.5b | د.إ188.1b | 15.8x | 18.5x | 5.3x |
| Mon, 11 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15.3x | 17.6x | 5.1x |
| Wed, 08 Nov 2023 | د.إ3.4t | د.إ646.4b | د.إ189.8b | 14.9x | 17.7x | 5.2x |
| Fri, 06 Oct 2023 | د.إ3.5t | د.إ626.7b | د.إ189.7b | 15.9x | 18.4x | 5.6x |
| Sun, 03 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.8x | 18.6x | 5.6x |
Price to Earnings Ratio
18.6x
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 12.7x which is lower than its 3-year average PE of 15.6x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 28% 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 | -0.019% | |
| Healthcare | 4.87% | |
| Tech | 3.16% | |
| Materials | 0.72% | |
| Telecom | 0.56% | |
| Real Estate | 0.47% | |
| Industrials | 0.35% | |
| Financials | 0.098% | |
| Utilities | -0.32% | |
| Consumer Discretionary | -0.90% | |
| Energy | -1.73% | |
| Consumer Staples | -5.14% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 48.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings growth of 11.1% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 2.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| DU Emirates Integrated Telecommunications Company PJSC | د.إ11.72 | 4.8% +د.إ2.4b | 7.5% | PE17.2x | Telecom | |
| PUREHEALTH Pure Health Holding PJSC | د.إ2.71 | 7.1% +د.إ2.0b | -7.2% | PE14x | Healthcare | |
| NMDC NMDC Group PJSC | د.إ23.98 | 8.9% +د.إ1.7b | 1.1% | PE5.7x | Industrials | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ23.50 | 1.8% +د.إ1.5b | 7.0% | PB2.8x | Financials | |
| ALDAR Aldar Properties PJSC | د.إ7.83 | 2.5% +د.إ1.5b | -20.1% | PE7.6x | Real Estate |
