Narrative Update • Aug 13
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Emirati (ADX) Banks Industry Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies17
- 7D0.8%
- 3M12.6%
- 1Y10.9%
- YTD7.1%
Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 11% over the past 12 months. Looking forward, earnings are forecast to grow by 7.2% annually.
Industry Valuation and Performance
Has the Emirati Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | د.إ833.8b | د.إ163.8b | د.إ89.3b | 8.5x | 9.3x | 5.1x |
| Tue, 28 Jul 2026 | د.إ793.5b | د.إ162.6b | د.إ88.6b | 8.1x | 9x | 4.9x |
| Thu, 25 Jun 2026 | د.إ789.5b | د.إ159.9b | د.إ87.5b | 8.2x | 9x | 4.9x |
| Sat, 23 May 2026 | د.إ734.4b | د.إ159.9b | د.إ87.5b | 7.8x | 8.4x | 4.6x |
| Mon, 20 Apr 2026 | د.إ789.6b | د.إ156.2b | د.إ85.8b | 8.4x | 9.2x | 5.1x |
| Wed, 18 Mar 2026 | د.إ724.6b | د.إ155.9b | د.إ85.6b | 7.9x | 8.5x | 4.6x |
| Fri, 13 Feb 2026 | د.إ877.1b | د.إ155.5b | د.إ85.3b | 9.5x | 10.3x | 5.6x |
| Sun, 11 Jan 2026 | د.إ771.7b | د.إ151.8b | د.إ83.9b | 8.7x | 9.2x | 5.1x |
| Tue, 09 Dec 2025 | د.إ737.0b | د.إ151.8b | د.إ83.9b | 8.8x | 8.8x | 4.9x |
| Thu, 06 Nov 2025 | د.إ737.9b | د.إ151.9b | د.إ84.2b | 8.7x | 8.8x | 4.9x |
| Sat, 04 Oct 2025 | د.إ720.0b | د.إ147.5b | د.إ80.6b | 9.1x | 8.9x | 4.9x |
| Mon, 01 Sep 2025 | د.إ792.8b | د.إ152.7b | د.إ83.6b | 9.3x | 9.5x | 5.2x |
| Wed, 30 Jul 2025 | د.إ843.4b | د.إ152.3b | د.إ83.7b | 9.8x | 10.1x | 5.5x |
| Fri, 27 Jun 2025 | د.إ746.3b | د.إ149.0b | د.إ82.3b | 8.6x | 9.1x | 5x |
| Sun, 25 May 2025 | د.إ721.4b | د.إ149.0b | د.إ82.3b | 8.3x | 8.8x | 4.8x |
| Tue, 22 Apr 2025 | د.إ767.3b | د.إ145.1b | د.إ80.6b | 7.9x | 9.5x | 5.3x |
| Thu, 20 Mar 2025 | د.إ658.5b | د.إ144.9b | د.إ80.7b | 8.5x | 8.2x | 4.5x |
| Sat, 15 Feb 2025 | د.إ677.9b | د.إ144.9b | د.إ80.4b | 9.5x | 8.4x | 4.7x |
| Mon, 13 Jan 2025 | د.إ637.6b | د.إ140.3b | د.إ79.3b | 8.5x | 8x | 4.5x |
| Wed, 11 Dec 2024 | د.إ578.9b | د.إ140.3b | د.إ79.3b | 8x | 7.3x | 4.1x |
| Fri, 08 Nov 2024 | د.إ542.6b | د.إ135.5b | د.إ76.3b | 8x | 7.1x | 4x |
| Sun, 06 Oct 2024 | د.إ557.8b | د.إ136.5b | د.إ77.4b | 8.2x | 7.2x | 4.1x |
| Tue, 03 Sep 2024 | د.إ564.0b | د.إ136.5b | د.إ77.4b | 7.9x | 7.3x | 4.1x |
| Thu, 01 Aug 2024 | د.إ555.3b | د.إ136.5b | د.إ77.4b | 8x | 7.2x | 4.1x |
| Sat, 29 Jun 2024 | د.إ521.5b | د.إ131.1b | د.إ75.0b | 7.3x | 7x | 4x |
| Mon, 27 May 2024 | د.إ505.3b | د.إ131.1b | د.إ75.0b | 7.3x | 6.7x | 3.9x |
| Wed, 24 Apr 2024 | د.إ511.5b | د.إ125.1b | د.إ72.4b | 8.1x | 7.1x | 4.1x |
| Fri, 22 Mar 2024 | د.إ542.1b | د.إ125.1b | د.إ72.6b | 7.9x | 7.5x | 4.3x |
| Sun, 18 Feb 2024 | د.إ569.4b | د.إ125.1b | د.إ72.6b | 8.2x | 7.8x | 4.6x |
| Tue, 16 Jan 2024 | د.إ557.4b | د.إ119.3b | د.إ67.4b | 8.7x | 8.3x | 4.7x |
| Thu, 14 Dec 2023 | د.إ508.5b | د.إ119.3b | د.إ67.4b | 8.2x | 7.5x | 4.3x |
| Sat, 11 Nov 2023 | د.إ516.1b | د.إ119.3b | د.إ67.5b | 8x | 7.6x | 4.3x |
| Mon, 09 Oct 2023 | د.إ534.5b | د.إ110.6b | د.إ62.3b | 8.6x | 8.6x | 4.8x |
| Wed, 06 Sep 2023 | د.إ519.9b | د.إ110.8b | د.إ62.3b | 8.5x | 8.4x | 4.7x |
Price to Earnings Ratio
8.4x
Current Industry PE
- Investors are optimistic on the Emirian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.3x which is higher than its 3-year average PE of 8.3x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.044% | |
| Financials | 0.74% | |
| Banks | 0.77% | |
| Diversified Banks | 0.77% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.3x.
- Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 13.8% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 14% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FAB First Abu Dhabi Bank P.J.S.C | د.إ19.64 | 1.7% +د.إ3.5b | 18.3% | PB1.5x | |
| ADIB Abu Dhabi Islamic Bank PJSC | د.إ23.68 | 1.5% +د.إ1.2b | 11.0% | PB2.8x | |
| MASQ Mashreqbank PSC | د.إ316.50 | 1.8% +د.إ1.1b | 27.6% | PB1.5x | |
| EMIRATESNBD Emirates NBD Bank PJSC | د.إ31.00 | 0.5% +د.إ884.3m | 22.8% | PB1.3x | |
| ADCB Abu Dhabi Commercial Bank PJSC | د.إ15.40 | 0.5% +د.إ631.6m | 1.7% | PB1.4x |