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Emirati (ADX) Banks Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies16
  • 7D1.5%
  • 3M6.2%
  • 1Y29.6%
  • YTD1.5%

In the last week, the Banks industry is up 1.5%, with Emirates NBD Bank PJSC up 2.6%. This means that the industry has gained 30% over the past year. Looking forward, earnings are forecast to grow by 5.3% annually.

Industry Valuation and Performance

Has the Emirati Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026د.إ771.7bد.إ151.8bد.إ83.9b8.7x9.2x5.1x
Tue, 09 Dec 2025د.إ737.0bد.إ151.8bد.إ83.9b8.8x8.8x4.9x
Thu, 06 Nov 2025د.إ737.9bد.إ151.9bد.إ84.2b8.7x8.8x4.9x
Sat, 04 Oct 2025د.إ720.0bد.إ147.5bد.إ80.6b9.1x8.9x4.9x
Mon, 01 Sep 2025د.إ792.8bد.إ152.7bد.إ83.6b9.3x9.5x5.2x
Wed, 30 Jul 2025د.إ843.4bد.إ152.3bد.إ83.7b9.8x10.1x5.5x
Fri, 27 Jun 2025د.إ746.3bد.إ149.0bد.إ82.3b8.6x9.1x5x
Sun, 25 May 2025د.إ721.4bد.إ149.0bد.إ82.3b8.3x8.8x4.8x
Tue, 22 Apr 2025د.إ767.3bد.إ145.1bد.إ80.6b7.9x9.5x5.3x
Thu, 20 Mar 2025د.إ658.5bد.إ144.9bد.إ80.7b8.5x8.2x4.5x
Sat, 15 Feb 2025د.إ677.9bد.إ144.9bد.إ80.4b9.5x8.4x4.7x
Mon, 13 Jan 2025د.إ637.6bد.إ140.3bد.إ79.3b8.5x8x4.5x
Wed, 11 Dec 2024د.إ578.9bد.إ140.3bد.إ79.3b8x7.3x4.1x
Fri, 08 Nov 2024د.إ542.6bد.إ135.5bد.إ76.3b8x7.1x4x
Sun, 06 Oct 2024د.إ557.8bد.إ136.5bد.إ77.4b8.2x7.2x4.1x
Tue, 03 Sep 2024د.إ564.0bد.إ136.5bد.إ77.4b7.9x7.3x4.1x
Thu, 01 Aug 2024د.إ555.3bد.إ136.5bد.إ77.4b8x7.2x4.1x
Sat, 29 Jun 2024د.إ521.5bد.إ131.1bد.إ75.0b7.3x7x4x
Mon, 27 May 2024د.إ505.3bد.إ131.1bد.إ75.0b7.3x6.7x3.9x
Wed, 24 Apr 2024د.إ511.5bد.إ125.1bد.إ72.4b8.1x7.1x4.1x
Fri, 22 Mar 2024د.إ542.1bد.إ125.1bد.إ72.6b7.9x7.5x4.3x
Sun, 18 Feb 2024د.إ569.4bد.إ125.1bد.إ72.6b8.2x7.8x4.6x
Tue, 16 Jan 2024د.إ557.4bد.إ119.3bد.إ67.4b8.7x8.3x4.7x
Thu, 14 Dec 2023د.إ508.5bد.إ119.3bد.إ67.4b8.2x7.5x4.3x
Sat, 11 Nov 2023د.إ516.1bد.إ119.3bد.إ67.5b8x7.6x4.3x
Mon, 09 Oct 2023د.إ534.5bد.إ110.6bد.إ62.3b8.6x8.6x4.8x
Wed, 06 Sep 2023د.إ519.9bد.إ110.8bد.إ62.3b8.5x8.4x4.7x
Fri, 04 Aug 2023د.إ535.4bد.إ110.8bد.إ61.6b8.9x8.7x4.8x
Sun, 02 Jul 2023د.إ502.4bد.إ102.4bد.إ54.2b9.1x9.3x4.9x
Tue, 30 May 2023د.إ477.1bد.إ102.4bد.إ54.2b8.9x8.8x4.7x
Thu, 27 Apr 2023د.إ488.7bد.إ95.4bد.إ50.2b9.2x9.7x5.1x
Sat, 25 Mar 2023د.إ468.2bد.إ94.4bد.إ50.9b9.4x9.2x5x
Mon, 20 Feb 2023د.إ494.7bد.إ94.4bد.إ50.8b9.8x9.7x5.2x
Wed, 18 Jan 2023د.إ502.9bد.إ88.5bد.إ48.1b9.6x10.5x5.7x
Price to Earnings Ratio

10.5x


Total Market Cap: د.إ502.9bTotal Earnings: د.إ48.1bTotal Revenue: د.إ88.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Banks Industry Price to Earnings3Y Average 8.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Emirian Banks 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 8.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 20% 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 industry?

AE Market-0.21%
Financials1.62%
Banks1.53%
Diversified Banks1.53%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.4x.
    • Analysts are expecting annual earnings growth of 5.3%, which is lower than the prior year's growth of 15.0% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 5.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 15% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.3% 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.إ29.352.6%
+د.إ4.7b		36.2%PB1.3x
ADCB Abu Dhabi Commercial Bank PJSCد.إ14.763.2%
+د.إ3.4b		35.9%PB1.4x
FAB First Abu Dhabi Bank P.J.S.Cد.إ17.661.1%
+د.إ2.2b		21.8%PB1.4x
MASQ Mashreqbank PSCد.إ260.001.6%
+د.إ802.4m		19.3%PB1.4x
DIB Dubai Islamic Bank P.J.S.Cد.إ9.450.4%
+د.إ289.1m		29.8%PB1.4x

Latest News

DIB
د.إ9.45
Dubai Islamic Bank P.J.S.C
7D
0.4%
1Y
29.8%

DIB: Upcoming Board Meetings Will Indicate Stable Outlook At Fairly Valued Shares

Analysts have nudged their price target for Dubai Islamic Bank P.J.S.C. slightly higher to reflect updated assumptions around fair value at 9.82, a modestly lower discount rate of 20.26%, adjusted revenue growth expectations of 5.25%, firmer profit margins of 54.15%, and a marginally lower future P/E of 14.77x. What's in the News Board meeting scheduled for Dec 19, 2025, at 11:00 Coordinated Universal Time to review general business matters that are stated as not affecting the share price (company filing).
ADIB
د.إ20.82
Abu Dhabi Islamic Bank PJSC
7D
0.3%
1Y
39.0%

ADIB: Future Profitability Assumptions And Board Agenda Will Shape Outlook

Analysts have lifted their fair value estimate for Abu Dhabi Islamic Bank PJSC from AED 16.51 to AED 22.40, citing updated assumptions for revenue growth, profit margins, and future P/E levels as key drivers of the higher target. What's in the News Board meeting scheduled for Oct 22, 2025 at 08:00 UTC to review and approve Abu Dhabi Islamic Bank PJSC's Q3 2025 financial statements and results as of Sep 30, 2025, and to consider other general matters that do not affect the share price (Key Developments).
CBI
د.إ0.88
Commercial Bank International P.J.S.C
7D
2.4%
1Y
31.5%
ADCB
د.إ14.76
Abu Dhabi Commercial Bank PJSC
7D
3.2%
1Y
35.9%

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.إ1.29
United Arab Bank P.J.S.C
7D
0.8%
1Y
-3.0%
MASQ
د.إ260.00
Mashreqbank PSC
7D
1.6%
1Y
19.3%
ALSALAMSUDAN
د.إ0.59
Al Salam Bank - Sudan
7D
-6.8%
1Y
15.2%
EMIRATESNBD
د.إ29.35
Emirates NBD Bank PJSC
7D
2.6%
1Y
36.2%

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).
RAKBANK
د.إ8.40
National Bank of Ras Al-Khaimah (P.S.C.)
7D
-0.2%
1Y
40.0%
FAB
د.إ17.66
First Abu Dhabi Bank P.J.S.C
7D
1.1%
1Y
21.8%
SIB
د.إ3.11
Sharjah Islamic Bank PJSC
7D
-0.6%
1Y
22.9%