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Emirati (ADX) Market Analysis & Valuation
UpdatedMar 16, 2026
DataAggregated Company Financials
Companies151
- 7D-5.4%
- 3M-9.6%
- 1Y-1.5%
- YTD-8.9%
Over the last 7 days, the market has dropped 5.4%, driven by declines in every sector, especially the Real Estate sector. In the last 12 months the market has been flat overall. Looking forward, earnings are forecast to grow by 4.2% annually.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 16 Mar 2026 | د.إ3.5t | د.إ1.2t | د.إ265.8b | 10.3x | 13.3x | 3x |
| Wed, 11 Feb 2026 | د.إ4.1t | د.إ1.2t | د.إ256.3b | 12.2x | 16.1x | 3.6x |
| Fri, 09 Jan 2026 | د.إ3.9t | د.إ1.1t | د.إ255.0b | 11.8x | 15.2x | 3.4x |
| Sun, 07 Dec 2025 | د.إ3.9t | د.إ1.1t | د.إ255.2b | 11.7x | 15.1x | 3.4x |
| Tue, 04 Nov 2025 | د.إ3.9t | د.إ1.1t | د.إ246.7b | 12.2x | 15.8x | 3.5x |
| Thu, 02 Oct 2025 | د.إ3.9t | د.إ1.1t | د.إ240.5b | 12.4x | 16.1x | 3.6x |
| Sat, 30 Aug 2025 | د.إ4.0t | د.إ1.1t | د.إ239.3b | 13.2x | 16.6x | 3.7x |
| Mon, 28 Jul 2025 | د.إ4.0t | د.إ1.0t | د.إ242.1b | 13.3x | 16.6x | 3.9x |
| Wed, 25 Jun 2025 | د.إ3.8t | د.إ1.0t | د.إ240.2b | 12.5x | 16x | 3.7x |
| Fri, 23 May 2025 | د.إ3.8t | د.إ1.0t | د.إ240.1b | 12.8x | 15.7x | 3.6x |
| Sun, 20 Apr 2025 | د.إ3.7t | د.إ1.0t | د.إ238.1b | 12.7x | 15.7x | 3.7x |
| Tue, 18 Mar 2025 | د.إ3.7t | د.إ998.1b | د.إ237.4b | 13.2x | 15.4x | 3.7x |
| Thu, 13 Feb 2025 | د.إ3.7t | د.إ944.9b | د.إ242.5b | 13.3x | 15.4x | 4x |
| Sat, 11 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.4x | 15.7x | 4x |
| Mon, 09 Dec 2024 | د.إ3.5t | د.إ923.4b | د.إ232.9b | 13x | 15x | 3.8x |
| Wed, 06 Nov 2024 | د.إ3.5t | د.إ879.2b | د.إ235.4b | 13.1x | 14.8x | 4x |
| Fri, 04 Oct 2024 | د.إ3.4t | د.إ847.9b | د.إ228.6b | 13.6x | 15x | 4x |
| Sun, 01 Sep 2024 | د.إ3.4t | د.إ834.2b | د.إ228.7b | 13.6x | 14.7x | 4x |
| Tue, 30 Jul 2024 | د.إ3.4t | د.إ796.7b | د.إ217.8b | 13.4x | 15.7x | 4.3x |
| Thu, 27 Jun 2024 | د.إ3.3t | د.إ786.9b | د.إ216.2b | 13.1x | 15.2x | 4.2x |
| Sat, 25 May 2024 | د.إ3.2t | د.إ781.5b | د.إ214.9b | 13.1x | 14.9x | 4.1x |
| Mon, 22 Apr 2024 | د.إ3.3t | د.إ752.4b | د.إ222.1b | 14.1x | 15.1x | 4.5x |
| Wed, 20 Mar 2024 | د.إ3.4t | د.إ738.7b | د.إ222.0b | 14.9x | 15.5x | 4.6x |
| Fri, 16 Feb 2024 | د.إ3.4t | د.إ736.2b | د.إ206.5b | 15.2x | 16.4x | 4.6x |
| Sun, 14 Jan 2024 | د.إ3.5t | د.إ654.5b | د.إ188.1b | 15.8x | 18.5x | 5.3x |
| Tue, 12 Dec 2023 | د.إ3.3t | د.إ653.9b | د.إ188.1b | 15x | 17.6x | 5.1x |
| Thu, 09 Nov 2023 | د.إ3.3t | د.إ643.6b | د.إ189.0b | 15x | 17.7x | 5.2x |
| Sat, 07 Oct 2023 | د.إ3.5t | د.إ626.7b | د.إ189.7b | 16.2x | 18.2x | 5.5x |
| Mon, 04 Sep 2023 | د.إ3.5t | د.إ616.4b | د.إ187.4b | 15.8x | 18.6x | 5.6x |
| Wed, 02 Aug 2023 | د.إ3.4t | د.إ615.3b | د.إ189.4b | 16.3x | 18.2x | 5.6x |
| Fri, 30 Jun 2023 | د.إ3.4t | د.إ664.1b | د.إ195.4b | 16.1x | 17.2x | 5.1x |
| Sun, 28 May 2023 | د.إ3.2t | د.إ664.3b | د.إ195.4b | 15.5x | 16.6x | 4.9x |
| Tue, 25 Apr 2023 | د.إ3.3t | د.إ643.8b | د.إ177.3b | 15.4x | 18.7x | 5.2x |
| Thu, 23 Mar 2023 | د.إ3.2t | د.إ641.9b | د.إ177.4b | 15x | 18.3x | 5x |
Price to Earnings Ratio
18.3x
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 13.3x which is lower than its 3-year average PE of 16.3x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 23% 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 | -5.36% | |
| Materials | -1.58% | |
| Tech | -2.01% | |
| Industrials | -2.04% | |
| Energy | -3.20% | |
| Telecom | -3.65% | |
| Consumer Discretionary | -4.51% | |
| Healthcare | -5.33% | |
| Consumer Staples | -6.64% | |
| Financials | -6.77% | |
| Utilities | -6.93% | |
| Real Estate | -18.00% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.0x.
- Analysts are expecting annual earnings decline of 2.8% which is lower than the prior year's growth of 24.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 22% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Materials sector is expected to see its earnings decline by 9.9% 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 | |
|---|---|---|---|---|---|---|
| DFM Dubai Financial Market P.J.S.C | د.إ1.38 | 3.0% +د.إ319.8m | 3.8% | PE11.4x | Financials | |
| DUBAIRESI Dubai Residential REIT | د.إ1.21 | 1.7% +د.إ260.0m | n/a | PB0.7x | Real Estate | |
| AGILITY Agility Global | د.إ1.31 | 1.6% +د.إ196.1m | 12.0% | PE27.5x | Industrials | |
| ICAP Investcorp Capital | د.إ1.50 | 5.6% +د.إ174.4m | -12.8% | PE11x | Financials | |
| ALEFEDT Alef Education Holding | د.إ0.97 | 2.5% +د.إ168.0m | -8.8% | PE14.1x | Consumer Discretionary |
