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Emirati (ADX) Market Analysis & Valuation

UpdatedSep 20, 2025
DataAggregated Company Financials
Companies149
  • 7D0.7%
  • 3M6.7%
  • 1Y12.1%
  • YTD7.3%

Over the last 7 days, the market has risen 1.0%, driven by gains in the Energy and Financials sectors of 4.2% and 2.1%, respectively. In the last year, the market has climbed 12%. Looking forward, earnings are forecast to grow by 6.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Sep 2025د.إ3.9tد.إ1.1tد.إ240.5b12.7x16.3x3.6x
Mon, 18 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.2x16.7x3.7x
Wed, 16 Jul 2025د.إ4.0tد.إ1.0tد.إ240.6b13.1x16.4x3.8x
Fri, 13 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.2x15.9x3.7x
Sun, 11 May 2025د.إ3.9tد.إ1.0tد.إ239.9b12.7x16.1x3.7x
Tue, 08 Apr 2025د.إ3.6tد.إ1.0tد.إ237.8b12.5x15x3.6x
Thu, 06 Mar 2025د.إ3.7tد.إ996.9bد.إ236.9b13.3x15.7x3.7x
Sat, 01 Feb 2025د.إ3.7tد.إ941.8bد.إ238.1b13.2x15.6x3.9x
Mon, 30 Dec 2024د.إ3.6tد.إ928.2bد.إ235.8b13.1x15.5x3.9x
Wed, 27 Nov 2024د.إ3.5tد.إ922.4bد.إ232.5b13x14.9x3.8x
Fri, 25 Oct 2024د.إ3.4tد.إ861.4bد.إ232.1b13.6x14.8x4x
Sun, 22 Sep 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.2x4.1x
Tue, 20 Aug 2024د.إ3.4tد.إ833.5bد.إ228.9b13.5x14.7x4x
Thu, 18 Jul 2024د.إ3.3tد.إ787.6bد.إ216.3b13.7x15.5x4.2x
Sat, 15 Jun 2024د.إ3.3tد.إ781.8bد.إ214.8b13.2x15.2x4.2x
Mon, 13 May 2024د.إ3.3tد.إ773.8bد.إ224.8b13.9x14.8x4.3x
Wed, 10 Apr 2024د.إ3.4tد.إ736.4bد.إ220.9b14.1x15.3x4.6x
Fri, 08 Mar 2024د.إ3.4tد.إ742.7bد.إ222.0b15.1x15.3x4.6x
Sun, 04 Feb 2024د.إ3.4tد.إ657.7bد.إ192.3b15.6x17.8x5.2x
Tue, 02 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.1x18.4x5.3x
Thu, 30 Nov 2023د.إ3.4tد.إ649.8bد.إ187.3b15.3x17.9x5.2x
Sat, 28 Oct 2023د.إ3.2tد.إ633.9bد.إ185.0b14.9x17.4x5.1x
Mon, 25 Sep 2023د.إ3.5tد.إ616.3bد.إ187.5b16.2x18.8x5.7x
Wed, 23 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16.2x18.6x5.7x
Fri, 21 Jul 2023د.إ3.4tد.إ601.9bد.إ182.6b16.2x18.7x5.7x
Sun, 18 Jun 2023د.إ3.3tد.إ664.3bد.إ195.4b16x16.9x5x
Tue, 16 May 2023د.إ3.3tد.إ662.1bد.إ185.6b16.4x17.6x4.9x
Thu, 13 Apr 2023د.إ3.3tد.إ642.3bد.إ176.2b15.4x18.5x5.1x
Sat, 11 Mar 2023د.إ3.0tد.إ568.9bد.إ159.9b14.4x19x5.3x
Mon, 06 Feb 2023د.إ3.0tد.إ563.5bد.إ154.3b13.1x19.8x5.4x
Wed, 04 Jan 2023د.إ3.2tد.إ554.4bد.إ153.4b13.8x20.6x5.7x
Fri, 02 Dec 2022د.إ3.2tد.إ545.2bد.إ152.4b13.5x20.8x5.8x
Sun, 30 Oct 2022د.إ2.9tد.إ518.7bد.إ133.3b13.7x21.6x5.5x
Tue, 27 Sep 2022د.إ2.7tد.إ509.2bد.إ129.9b14.3x21x5.3x
Price to Earnings Ratio

21x


Total Market Cap: د.إ2.7tTotal Earnings: د.إ129.9bTotal Revenue: د.إ509.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 17.1x202320242025
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 17.1x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 29% 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 Market0.70%
Energy4.09%
Telecom2.85%
Tech2.82%
Healthcare1.60%
Consumer Discretionary1.57%
Financials0.65%
Materials0.18%
Industrials0.16%
Utilities-0.34%
Real Estate-0.71%
Consumer Staples-3.51%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 33.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.6% which is higher than its past year's earnings decline of 2.9% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Telecom 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
ADNOCDRILL ADNOC Drilling Company P.J.S.Cد.إ5.8710.3%
+د.إ8.8b		25.4%PE17.9xEnergy
EAND Emirates Telecommunications Group Company PJSCد.إ18.645.2%
+د.إ8.0b		0.1%PE11.5xTelecom
ADNOCGAS ADNOC Gasد.إ3.472.4%
+د.إ6.1b		10.5%PE13.7xEnergy
ADIB Abu Dhabi Islamic Bank PJSCد.إ23.506.0%
+د.إ4.8b		79.7%PB3.1xFinancials
ORAS Orascom Constructionد.إ32.38304.8%
+د.إ2.7b		n/aPE7.2xIndustrials
See more

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Dubai Electricity and Water Authority (PJSC)
7D
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1Y
9.2%
DU
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7D
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1Y
43.4%
EMAAR
د.إ14.05
Emaar Properties PJSC
7D
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60.9%
ORAS
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Orascom Construction
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304.8%
1Y
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Emirates NBD Bank PJSC
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EMAARDEV
د.إ15.10
Emaar Development PJSC
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1Y
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ADNOCLS
د.إ5.68
ADNOC Logistics & Services
7D
4.6%
1Y
5.2%
EAND
د.إ18.64
Emirates Telecommunications Group Company PJSC
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ADNOC Gas
7D
2.4%
1Y
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ADIB
د.إ23.50
Abu Dhabi Islamic Bank PJSC
7D
6.0%
1Y
79.7%

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د.إ9.57
Dubai Islamic Bank P.J.S.C
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ADNOCDRILL
د.إ5.87
ADNOC Drilling Company P.J.S.C
7D
10.3%
1Y
25.4%

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MODON
د.إ3.55
Modon Holding PSC
7D
-2.7%
1Y
3.2%

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FAB
د.إ16.48
First Abu Dhabi Bank P.J.S.C
7D
-0.2%
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21.4%
DUBAIRESI
د.إ1.28
Dubai Residential REIT
7D
-5.9%
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