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Emirati (ADX) Financials Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies53
  • 7D2.6%
  • 3M5.9%
  • 1Y28.3%
  • YTD1.8%

The Financials industry is up 2.6% in the last week, with Emirates NBD Bank PJSC up 5.2%. Meanwhile, United Arab Bank P.J.S.C actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 5.1% per annum.

Sector Valuation and Performance

Has the Emirati Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026د.إ829.0bد.إ193.8bد.إ90.6b8.8x9.1x4.3x
Sun, 07 Dec 2025د.إ789.8bد.إ193.8bد.إ90.7b8.7x8.7x4.1x
Tue, 04 Nov 2025د.إ804.0bد.إ192.3bد.إ88.6b9.5x9.1x4.2x
Thu, 02 Oct 2025د.إ772.1bد.إ187.5bد.إ84.9b9.4x9.1x4.1x
Sat, 30 Aug 2025د.إ847.3bد.إ192.7bد.إ88.0b9.4x9.6x4.4x
Mon, 28 Jul 2025د.إ888.5bد.إ190.4bد.إ87.0b10.1x10.2x4.7x
Wed, 25 Jun 2025د.إ785.9bد.إ186.9bد.إ85.6b9.6x9.2x4.2x
Fri, 23 May 2025د.إ798.6bد.إ186.9bد.إ85.7b9.7x9.3x4.3x
Sun, 20 Apr 2025د.إ845.1bد.إ182.6bد.إ84.0b9.8x10.1x4.6x
Tue, 18 Mar 2025د.إ743.4bد.إ182.6bد.إ83.8b10x8.9x4.1x
Thu, 13 Feb 2025د.إ757.9bد.إ180.8bد.إ84.0b10.1x9x4.2x
Sat, 11 Jan 2025د.إ718.1bد.إ175.7bد.إ82.3b10x8.7x4.1x
Mon, 09 Dec 2024د.إ630.4bد.إ170.9bد.إ79.4b9.8x7.9x3.7x
Wed, 06 Nov 2024د.إ647.7bد.إ172.6bد.إ82.3b9.1x7.9x3.8x
Fri, 04 Oct 2024د.إ635.5bد.إ169.4bد.إ80.7b10.1x7.9x3.8x
Sun, 01 Sep 2024د.إ640.5bد.إ169.2bد.إ80.6b10x7.9x3.8x
Tue, 30 Jul 2024د.إ637.4bد.إ166.9bد.إ81.2b9.3x7.8x3.8x
Thu, 27 Jun 2024د.إ594.8bد.إ160.7bد.إ78.8b8.4x7.5x3.7x
Sat, 25 May 2024د.إ582.9bد.إ160.6bد.إ78.8b8.3x7.4x3.6x
Mon, 22 Apr 2024د.إ601.0bد.إ153.6bد.إ76.1b9.2x7.9x3.9x
Wed, 20 Mar 2024د.إ619.4bد.إ154.9bد.إ76.7b9.9x8.1x4x
Fri, 16 Feb 2024د.إ645.3bد.إ153.1bد.إ76.6b10.9x8.4x4.2x
Sun, 14 Jan 2024د.إ639.4bد.إ142.1bد.إ70.9b10x9x4.5x
Tue, 12 Dec 2023د.إ593.9bد.إ141.5bد.إ70.8b9.8x8.4x4.2x
Thu, 09 Nov 2023د.إ595.9bد.إ141.2bد.إ70.7b9.9x8.4x4.2x
Sat, 07 Oct 2023د.إ614.3bد.إ131.6bد.إ64.7b9.9x9.5x4.7x
Mon, 04 Sep 2023د.إ607.4bد.إ131.8bد.إ64.7b10.3x9.4x4.6x
Wed, 02 Aug 2023د.إ620.1bد.إ130.6bد.إ64.0b9.9x9.7x4.7x
Fri, 30 Jun 2023د.إ580.1bد.إ121.9bد.إ56.5b10.2x10.3x4.8x
Sun, 28 May 2023د.إ557.5bد.إ122.0bد.إ56.5b9.3x9.9x4.6x
Tue, 25 Apr 2023د.إ564.9bد.إ114.7bد.إ53.2b9.9x10.6x4.9x
Thu, 23 Mar 2023د.إ513.9bد.إ112.7bد.إ53.2b10.4x9.7x4.6x
Sat, 18 Feb 2023د.إ534.4bد.إ112.8bد.إ53.2b10.8x10x4.7x
Mon, 16 Jan 2023د.إ539.7bد.إ106.3bد.إ50.4b10.6x10.7x5.1x
Price to Earnings Ratio

10.7x


Total Market Cap: د.إ539.7bTotal Earnings: د.إ50.4bTotal Revenue: د.إ106.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Financials Sector Price to Earnings3Y Average 9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Emirian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 9.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 22% 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.

Industry Trends

Which industries have driven the changes within the Emirati Financials sector?

AE Market0.45%
Financials2.65%
Insurance3.42%
Capital Markets2.93%
Banks2.70%
Mortgage Finance0%0
Consumer Finance0%0
Diversified Financial-0.84%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 148x.
    • Analysts are expecting annual earnings decline of 3.1%, which is lower than the prior year's growth of 14.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 5.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings decline by 3.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EMIRATESNBD Emirates NBD Bank PJSCد.إ29.455.7%
+د.إ10.1b		36.3%PB1.3x
FAB First Abu Dhabi Bank P.J.S.Cد.إ17.802.1%
+د.إ4.0b		24.1%PB1.4x
ADCB Abu Dhabi Commercial Bank PJSCد.إ14.803.5%
+د.إ3.7b		40.2%PB1.4x
MASQ Mashreqbank PSCد.إ260.002.8%
+د.إ1.4b		19.3%PB1.4x
DIB Dubai Islamic Bank P.J.S.Cد.إ9.462.0%
+د.إ1.4b		29.6%PB1.4x

Latest News

ADCB
د.إ14.80
Abu Dhabi Commercial Bank PJSC
7D
3.5%
1Y
40.2%

ADCB: Share Capital Increase Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Abu Dhabi Commercial Bank PJSC slightly to AED 17.90. This reflects updated assumptions around discount rates, profit margins and a higher future P/E multiple.
UAB
د.إ1.28
United Arab Bank P.J.S.C
7D
-1.5%
1Y
-3.8%
MASQ
د.إ260.00
Mashreqbank PSC
7D
2.8%
1Y
19.3%
EIBANK
د.إ60.00
Emirates Investment Bank P.J.S.C
7D
-2.4%
1Y
-39.4%
DIB
د.إ9.46
Dubai Islamic Bank P.J.S.C
7D
2.0%
1Y
29.6%

DIB: Upcoming Board Meetings Will Signal Steady Outlook At Fairly Valued Shares

Analysts have slightly raised their price target for Dubai Islamic Bank P.J.S.C., now viewing the shares as fairly valued at around AED 9.77. They cite marginally higher assumptions for the discount rate and future earnings multiples while maintaining steady growth and profitability outlooks.
ADIB
د.إ21.00
Abu Dhabi Islamic Bank PJSC
7D
1.2%
1Y
41.3%

ADIB: Higher Profit Margins Are Expected To Drive Share Price Upside

Analysts have nudged their price target on Abu Dhabi Islamic Bank PJSC higher to AED 28.50 from AED 27.80, reflecting expectations of stronger profit margins and a slightly lower required return that more than offset marginally softer revenue growth and valuation multiples. What's in the News Board meeting scheduled for October 22, 2025 at 08:00 UTC to review and approve Q3 2025 financial statements and results as of September 30, 2025, along with other matters that do not affect the share price (company filing) Board meeting planned for November 18, 2025 at 09:00 UTC to consider general corporate matters, indicating ongoing governance activity and strategic oversight (company filing) Valuation Changes The fair value estimate has risen slightly from AED 27.8 to AED 28.5, implying modest upside versus the prior assessment.
EMIRATESNBD
د.إ29.45
Emirates NBD Bank PJSC
7D
5.7%
1Y
36.3%

EMIRATESNBD: India Bank Acquisition Will Drive Shares Higher Over Time

Analysts have nudged their price target for Emirates NBD Bank PJSC slightly higher to AED 30.92 from AED 30.70, reflecting modest upgrades to revenue growth expectations, profitability, and the bank's future valuation multiple. What's in the News Emirates NBD is in advanced talks to acquire a controlling stake in India's RBL Bank for over $1 billion, potentially securing around 51% ownership if follow on open offers proceed as indicated (Key Developments).
INVICTUS
د.إ2.11
Invictus Investment
7D
-5.4%
1Y
9.3%
AMANAT
د.إ1.26
Amanat Holdings PJSC
7D
-2.3%
1Y
16.7%
ALANSARI
د.إ1.00
Al Ansari Financial Services PJSC
7D
-1.0%
1Y
1.0%
WAHA
د.إ1.73
Al Waha Capital PJSC
7D
-2.8%
1Y
10.2%
ADNIC
د.إ7.96
Abu Dhabi National Insurance Company PJSC
7D
13.1%
1Y
27.6%
DFM
د.إ1.72
Dubai Financial Market P.J.S.C
7D
4.2%
1Y
10.3%
BOS
د.إ1.27
Bank Of Sharjah P.J.S.C
7D
-4.5%
1Y
35.8%
FAB
د.إ17.80
First Abu Dhabi Bank P.J.S.C
7D
2.1%
1Y
24.1%
NBQ
د.إ2.89
National Bank of Umm Al-Qaiwain (PSC)
7D
-3.3%
1Y
30.2%