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Emirati (ADX) Banks Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies16
  • 7D2.7%
  • 3M6.1%
  • 1Y30.3%
  • YTD1.8%

The Banks industry is up 1.5% in the last week, with Emirates NBD Bank PJSC up 5.6%. This takes the industry's 12 month performance to a gain of 30%. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026د.إ773.7bد.إ151.8bد.إ83.9b8.8x9.2x5.1x
Sat, 06 Dec 2025د.إ736.3bد.إ151.8bد.إ83.9b8.7x8.8x4.9x
Mon, 03 Nov 2025د.إ754.2bد.إ151.7bد.إ84.1b9x9x5x
Wed, 01 Oct 2025د.إ711.7bد.إ147.5bد.إ80.6b9x8.8x4.8x
Fri, 29 Aug 2025د.إ796.3bد.إ152.7bد.إ83.6b9.3x9.5x5.2x
Sun, 27 Jul 2025د.إ834.0bد.إ152.3bد.إ83.7b9.3x10x5.5x
Tue, 24 Jun 2025د.إ702.1bد.إ149.0bد.إ82.3b8.4x8.5x4.7x
Thu, 22 May 2025د.إ718.8bد.إ149.0bد.إ82.3b8.3x8.7x4.8x
Sat, 19 Apr 2025د.إ767.5bد.إ145.0bد.إ80.5b7.9x9.5x5.3x
Mon, 17 Mar 2025د.إ662.8bد.إ144.9bد.إ80.7b8.4x8.2x4.6x
Wed, 12 Feb 2025د.إ676.8bد.إ144.0bد.إ79.9b9.3x8.5x4.7x
Fri, 10 Jan 2025د.إ633.9bد.إ140.3bد.إ79.3b8.4x8x4.5x
Sun, 08 Dec 2024د.إ551.4bد.إ135.5bد.إ76.3b7.7x7.2x4.1x
Tue, 05 Nov 2024د.إ567.1bد.إ139.6bد.إ78.9b7.6x7.2x4.1x
Thu, 03 Oct 2024د.إ574.5bد.إ136.5bد.إ77.4b8.4x7.4x4.2x
Sat, 31 Aug 2024د.إ561.7bد.إ136.5bد.إ77.4b7.9x7.3x4.1x
Mon, 29 Jul 2024د.إ545.0bد.إ136.3bد.إ77.3b7.8x7x4x
Wed, 26 Jun 2024د.إ517.6bد.إ131.1bد.إ75.0b7.4x6.9x3.9x
Fri, 24 May 2024د.إ509.4bد.إ131.1bد.إ75.0b7.3x6.8x3.9x
Sun, 21 Apr 2024د.إ521.2bد.إ125.1bد.إ72.4b8.1x7.2x4.2x
Tue, 19 Mar 2024د.إ538.9bد.إ125.1bد.إ72.6b8.2x7.4x4.3x
Thu, 15 Feb 2024د.إ563.3bد.إ125.5bد.إ73.0b8.1x7.7x4.5x
Sat, 13 Jan 2024د.إ557.9bد.إ119.3bد.إ67.4b8.8x8.3x4.7x
Mon, 11 Dec 2023د.إ511.1bد.إ119.3bد.إ67.4b8.2x7.6x4.3x
Wed, 08 Nov 2023د.إ520.2bد.إ119.5bد.إ67.7b8.4x7.7x4.4x
Fri, 06 Oct 2023د.إ530.5bد.إ110.6bد.إ62.3b8.5x8.5x4.8x
Sun, 03 Sep 2023د.إ527.1bد.إ110.8bد.إ62.3b8.6x8.5x4.8x
Tue, 01 Aug 2023د.إ542.4bد.إ110.7bد.إ61.5b8.9x8.8x4.9x
Thu, 29 Jun 2023د.إ502.4bد.إ102.4bد.إ54.2b9.1x9.3x4.9x
Sat, 27 May 2023د.إ480.6bد.إ102.4bد.إ54.2b9x8.9x4.7x
Mon, 24 Apr 2023د.إ485.4bد.إ95.4bد.إ50.2b9.2x9.7x5.1x
Wed, 22 Mar 2023د.إ472.6bد.إ94.4bد.إ50.9b9.4x9.3x5x
Fri, 17 Feb 2023د.إ494.8bد.إ94.4bد.إ50.8b9.8x9.7x5.2x
Sun, 15 Jan 2023د.إ500.3bد.إ88.5bد.إ48.1b9.5x10.4x5.7x
Price to Earnings Ratio

10.4x


Total Market Cap: د.إ500.3bTotal 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 Market0.45%
Financials2.65%
Banks2.70%
Diversified Banks2.70%
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.إ29.305.2%
+د.إ9.2b		35.6%PB1.3x
FAB First Abu Dhabi Bank P.J.S.Cد.إ17.761.8%
+د.إ3.5b		23.8%PB1.4x
ADCB Abu Dhabi Commercial Bank PJSCد.إ14.743.1%
+د.إ3.2b		39.6%PB1.4x
MASQ Mashreqbank PSCد.إ259.602.6%
+د.إ1.3b		19.1%PB1.4x
DIB Dubai Islamic Bank P.J.S.Cد.إ9.411.5%
+د.إ1.0b		28.9%PB1.4x

Latest News

ADCB
د.إ14.74
Abu Dhabi Commercial Bank PJSC
7D
3.1%
1Y
39.6%

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.إ1.23
United Arab Bank P.J.S.C
7D
-5.4%
1Y
-7.5%
MASQ
د.إ259.60
Mashreqbank PSC
7D
2.6%
1Y
19.1%
CBD
د.إ9.40
Commercial Bank of Dubai PSC
7D
1.4%
1Y
30.6%
DIB
د.إ9.41
Dubai Islamic Bank P.J.S.C
7D
1.5%
1Y
28.9%

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.إ20.96
Abu Dhabi Islamic Bank PJSC
7D
1.0%
1Y
41.0%

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.إ29.30
Emirates NBD Bank PJSC
7D
5.2%
1Y
35.6%

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).
BOS
د.إ1.28
Bank Of Sharjah P.J.S.C
7D
-3.8%
1Y
36.9%
FAB
د.إ17.76
First Abu Dhabi Bank P.J.S.C
7D
1.8%
1Y
23.8%
NBQ
د.إ2.89
National Bank of Umm Al-Qaiwain (PSC)
7D
-3.3%
1Y
30.2%
SIB
د.إ3.17
Sharjah Islamic Bank PJSC
7D
1.6%
1Y
27.3%