Narrative Update • May 24

The Financials is pretty flat in the last 7 days, but Abu Dhabi Islamic Bank PJSC has stood out, gaining 7.8%. As for the the longer term, the industry is up 8.4% over the past 12 months. As for the next few years, earnings are expected to grow by 6.7% per annum.
Has the Emirati Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | د.إ796.0b | د.إ205.6b | د.إ94.4b | 9.1x | 8.4x | 3.9x |
| Thu, 23 Apr 2026 | د.إ820.3b | د.إ201.0b | د.إ93.2b | 8.4x | 8.8x | 4.1x |
| Sat, 21 Mar 2026 | د.إ782.0b | د.إ199.8b | د.إ92.9b | 8.2x | 8.4x | 3.9x |
| Mon, 16 Feb 2026 | د.إ931.7b | د.إ196.2b | د.إ92.2b | 9.3x | 10.1x | 4.7x |
| Wed, 14 Jan 2026 | د.إ842.1b | د.إ193.8b | د.إ90.6b | 8.7x | 9.3x | 4.3x |
| Fri, 12 Dec 2025 | د.إ798.9b | د.إ193.8b | د.إ90.7b | 8.4x | 8.8x | 4.1x |
| Sun, 09 Nov 2025 | د.إ798.1b | د.إ192.2b | د.إ88.1b | 8.9x | 9.1x | 4.2x |
| Tue, 07 Oct 2025 | د.إ770.4b | د.إ187.5b | د.إ84.9b | 9.4x | 9.1x | 4.1x |
| Thu, 04 Sep 2025 | د.إ836.6b | د.إ192.7b | د.إ88.0b | 9.3x | 9.5x | 4.3x |
| Sat, 02 Aug 2025 | د.إ880.8b | د.إ190.3b | د.إ86.6b | 10.3x | 10.2x | 4.6x |
| Mon, 30 Jun 2025 | د.إ798.9b | د.إ186.9b | د.إ85.6b | 9.6x | 9.3x | 4.3x |
| Wed, 28 May 2025 | د.إ806.8b | د.إ186.8b | د.إ85.7b | 9.7x | 9.4x | 4.3x |
| Fri, 25 Apr 2025 | د.إ868.4b | د.إ184.2b | د.إ83.9b | 9.7x | 10.4x | 4.7x |
| Sun, 23 Mar 2025 | د.إ730.2b | د.إ182.7b | د.إ83.9b | 9.8x | 8.7x | 4x |
| Tue, 18 Feb 2025 | د.إ757.6b | د.إ180.8b | د.إ83.7b | 10.4x | 9x | 4.2x |
| Thu, 16 Jan 2025 | د.إ720.5b | د.إ175.7b | د.إ82.3b | 10.1x | 8.8x | 4.1x |
| Sat, 14 Dec 2024 | د.إ665.8b | د.إ175.7b | د.إ82.3b | 10x | 8.1x | 3.8x |
| Mon, 11 Nov 2024 | د.إ618.6b | د.إ168.5b | د.إ79.6b | 9.2x | 7.8x | 3.7x |
| Wed, 09 Oct 2024 | د.إ643.0b | د.إ169.4b | د.إ80.7b | 10.1x | 8x | 3.8x |
| Fri, 06 Sep 2024 | د.إ644.3b | د.إ169.2b | د.إ80.6b | 10x | 8x | 3.8x |
| Sun, 04 Aug 2024 | د.إ633.9b | د.إ167.0b | د.إ81.3b | 9.2x | 7.8x | 3.8x |
| Tue, 02 Jul 2024 | د.إ601.1b | د.إ160.7b | د.إ78.8b | 8.5x | 7.6x | 3.7x |
| Thu, 30 May 2024 | د.إ576.2b | د.إ160.7b | د.إ78.8b | 8.2x | 7.3x | 3.6x |
| Sat, 27 Apr 2024 | د.إ599.1b | د.إ157.9b | د.إ78.1b | 9.1x | 7.7x | 3.8x |
| Mon, 25 Mar 2024 | د.إ626.7b | د.إ155.2b | د.إ76.4b | 9.9x | 8.2x | 4x |
| Wed, 21 Feb 2024 | د.إ651.0b | د.إ153.6b | د.إ76.5b | 10.7x | 8.5x | 4.2x |
| Fri, 19 Jan 2024 | د.إ630.3b | د.إ142.1b | د.إ70.8b | 9.9x | 8.9x | 4.4x |
| Sun, 17 Dec 2023 | د.إ599.2b | د.إ141.5b | د.إ70.8b | 9.9x | 8.5x | 4.2x |
| Tue, 14 Nov 2023 | د.إ593.8b | د.إ141.5b | د.إ70.6b | 9.9x | 8.4x | 4.2x |
| Thu, 12 Oct 2023 | د.إ601.9b | د.إ132.2b | د.إ65.3b | 9.7x | 9.2x | 4.6x |
| Sat, 09 Sep 2023 | د.إ605.4b | د.إ131.8b | د.إ64.7b | 9.9x | 9.4x | 4.6x |
| Mon, 07 Aug 2023 | د.إ616.7b | د.إ130.7b | د.إ64.0b | 9.7x | 9.6x | 4.7x |
| Wed, 05 Jul 2023 | د.إ589.3b | د.إ121.9b | د.إ56.5b | 10.3x | 10.4x | 4.8x |
| Fri, 02 Jun 2023 | د.إ554.4b | د.إ122.0b | د.إ56.6b | 9.7x | 9.8x | 4.5x |
9.8x
Which industries have driven the changes within the Emirati Financials sector?
| AE Market | 2.12% | |
| Financials | 2.06% | |
| Banks | 2.22% | |
| Capital Markets | 0.68% | |
| Mortgage Finance | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Diversified Financial | -0.34% | |
| Insurance | -0.78% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ20.46 | 7.8% +د.إ5.4b | 5.6% | PB2.6x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ13.70 | 4.4% +د.إ4.6b | 15.1% | PB1.3x | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ27.62 | 1.5% +د.إ2.5b | 18.0% | PB1.2x | |
| RAKBANK National Bank of Ras Al-Khaimah (P.S.C.) | د.إ8.80 | 10.0% +د.إ1.6b | 36.9% | PB1.3x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ7.40 | 2.6% +د.إ1.4b | -9.3% | PB1x |