Narrative Update • May 26

The Banks is pretty flat in the last 7 days, but Abu Dhabi Islamic Bank PJSC has stood out, gaining 4.8%. As for the the longer term, the industry is up 9.7% over the past 12 months. As for the next few years, earnings are expected to grow by 6.9% per annum.
Has the Emirati Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | د.إ740.3b | د.إ159.9b | د.إ87.5b | 7.8x | 8.5x | 4.6x |
| Tue, 28 Apr 2026 | د.إ774.6b | د.إ158.9b | د.إ87.1b | 8.1x | 8.9x | 4.9x |
| Thu, 26 Mar 2026 | د.إ757.8b | د.إ155.7b | د.إ85.6b | 8.3x | 8.9x | 4.9x |
| Sat, 21 Feb 2026 | د.إ870.3b | د.إ155.9b | د.إ85.5b | 9.2x | 10.2x | 5.6x |
| Mon, 19 Jan 2026 | د.إ792.0b | د.إ151.8b | د.إ83.9b | 8.9x | 9.4x | 5.2x |
| Wed, 17 Dec 2025 | د.إ748.8b | د.إ151.8b | د.إ83.9b | 8.9x | 8.9x | 4.9x |
| Fri, 14 Nov 2025 | د.إ730.7b | د.إ151.9b | د.إ84.0b | 8.8x | 8.7x | 4.8x |
| Sun, 12 Oct 2025 | د.إ726.6b | د.إ147.6b | د.إ80.7b | 9.1x | 9x | 4.9x |
| Tue, 09 Sep 2025 | د.إ711.0b | د.إ147.5b | د.إ80.6b | 9x | 8.8x | 4.8x |
| Thu, 07 Aug 2025 | د.إ831.0b | د.إ152.3b | د.إ83.5b | 9.4x | 10x | 5.5x |
| Sat, 05 Jul 2025 | د.إ762.3b | د.إ149.0b | د.إ82.3b | 8.8x | 9.3x | 5.1x |
| Mon, 02 Jun 2025 | د.إ721.1b | د.إ149.0b | د.إ82.3b | 8.4x | 8.8x | 4.8x |
| Wed, 30 Apr 2025 | د.إ802.6b | د.إ147.3b | د.إ80.9b | 7.9x | 9.9x | 5.4x |
| Fri, 28 Mar 2025 | د.إ652.9b | د.إ144.9b | د.إ80.7b | 8.2x | 8.1x | 4.5x |
| Sun, 23 Feb 2025 | د.إ684.7b | د.إ145.1b | د.إ80.7b | 9x | 8.5x | 4.7x |
| Tue, 21 Jan 2025 | د.إ640.7b | د.إ140.3b | د.إ79.3b | 8.8x | 8.1x | 4.6x |
| Thu, 19 Dec 2024 | د.إ595.1b | د.إ140.3b | د.إ79.3b | 8.3x | 7.5x | 4.2x |
| Sat, 16 Nov 2024 | د.إ543.7b | د.إ135.5b | د.إ76.3b | 7.7x | 7.1x | 4x |
| Mon, 14 Oct 2024 | د.إ559.4b | د.إ136.5b | د.إ77.4b | 8.1x | 7.2x | 4.1x |
| Wed, 11 Sep 2024 | د.إ572.1b | د.إ136.5b | د.إ77.4b | 8.4x | 7.4x | 4.2x |
| Fri, 09 Aug 2024 | د.إ554.8b | د.إ136.5b | د.إ77.4b | 7.8x | 7.2x | 4.1x |
| Sun, 07 Jul 2024 | د.إ520.4b | د.إ131.1b | د.إ75.0b | 7.5x | 6.9x | 4x |
| Tue, 04 Jun 2024 | د.إ505.9b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.9x |
| Thu, 02 May 2024 | د.إ520.2b | د.إ130.9b | د.إ74.9b | 7.9x | 6.9x | 4x |
| Sat, 30 Mar 2024 | د.إ538.9b | د.إ125.1b | د.إ72.6b | 8.2x | 7.4x | 4.3x |
| Mon, 26 Feb 2024 | د.إ555.2b | د.إ125.1b | د.إ72.6b | 8.1x | 7.6x | 4.4x |
| Wed, 24 Jan 2024 | د.إ559.9b | د.إ119.3b | د.إ67.3b | 9.1x | 8.3x | 4.7x |
| Fri, 22 Dec 2023 | د.إ518.4b | د.إ119.3b | د.إ67.4b | 8.3x | 7.7x | 4.3x |
| Sun, 19 Nov 2023 | د.إ523.8b | د.إ119.3b | د.إ67.4b | 8.3x | 7.8x | 4.4x |
| Tue, 17 Oct 2023 | د.إ514.3b | د.إ110.6b | د.إ62.3b | 8.4x | 8.3x | 4.6x |
| Thu, 14 Sep 2023 | د.إ531.5b | د.إ110.8b | د.إ62.3b | 8.6x | 8.5x | 4.8x |
| Sat, 12 Aug 2023 | د.إ536.8b | د.إ110.8b | د.إ62.3b | 9x | 8.6x | 4.8x |
| Mon, 10 Jul 2023 | د.إ515.1b | د.إ102.4b | د.إ54.2b | 8.7x | 9.5x | 5x |
| Wed, 07 Jun 2023 | د.إ484.1b | د.إ102.4b | د.إ54.2b | 9x | 8.9x | 4.7x |
8.9x
Which industries have driven the changes within the Emirati Financials industry?
| AE Market | 1.00% | |
| Financials | 0.76% | |
| Banks | 0.81% | |
| Diversified Banks | 0.81% | |
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 | 4.8% +د.إ3.4b | 6.7% | PB2.6x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ13.70 | 2.1% +د.إ2.2b | 13.4% | PB1.3x | |
| DIB Dubai Islamic Bank P.J.S.C | د.إ7.40 | 1.1% +د.إ578.2m | -10.3% | PB1x | |
| MASQ Mashreqbank PSC | د.إ244.00 | 0.9% +د.إ421.3m | 1.8% | PB1.2x | |
| RAKBANK National Bank of Ras Al-Khaimah (P.S.C.) | د.إ8.80 | 2.3% +د.إ402.3m | 31.0% | PB1.3x |