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Emirati (ADX) Banks Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies17
  • 7D5.9%
  • 3M-0.9%
  • 1Y33.7%
  • YTD0.7%

Over the last 7 days, the Banks industry has risen 5.9%, driven by gains in Emirates NBD Bank PJSC and First Abu Dhabi Bank P.J.S.C of 8.8% and 7.1%, respectively. Meanwhile, Invest bank P.S.C actually underperformed within the industry, shrinking 13% in the last week. In the last 12 months, the industry was up 34%. Earnings are forecast to grow by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026د.إ784.3bد.إ156.2bد.إ85.7b8.3x9.2x5x
Wed, 11 Mar 2026د.إ791.3bد.إ155.9bد.إ85.6b8.6x9.2x5.1x
Fri, 06 Feb 2026د.إ870.4bد.إ156.0bد.إ85.9b9.3x10.1x5.6x
Sun, 04 Jan 2026د.إ760.0bد.إ151.8bد.إ83.9b8.7x9.1x5x
Tue, 02 Dec 2025د.إ701.7bد.إ151.8bد.إ83.9b8.6x8.4x4.6x
Thu, 30 Oct 2025د.إ759.8bد.إ151.5bد.إ84.3b8.7x9x5x
Sat, 27 Sep 2025د.إ711.9bد.إ147.5bد.إ80.6b9.1x8.8x4.8x
Mon, 25 Aug 2025د.إ811.7bد.إ152.7bد.إ83.6b9.5x9.7x5.3x
Wed, 23 Jul 2025د.إ809.6bد.إ149.8bد.إ82.9b9.3x9.8x5.4x
Fri, 20 Jun 2025د.إ688.3bد.إ149.0bد.إ82.3b8.4x8.4x4.6x
Sun, 18 May 2025د.إ836.0bد.إ149.0bد.إ82.1b8.2x10.2x5.6x
Tue, 15 Apr 2025د.إ769.7bد.إ145.0bد.إ80.5b8x9.6x5.3x
Thu, 13 Mar 2025د.إ663.3bد.إ145.1bد.إ80.7b8.5x8.2x4.6x
Sat, 08 Feb 2025د.إ667.6bد.إ144.0bد.إ79.9b9.3x8.4x4.6x
Mon, 06 Jan 2025د.إ607.3bد.إ140.3bد.إ79.3b8.3x7.7x4.3x
Wed, 04 Dec 2024د.إ548.1bد.إ135.5bد.إ76.3b7.8x7.2x4x
Fri, 01 Nov 2024د.إ568.3bد.إ139.6bد.إ78.9b7.7x7.2x4.1x
Sun, 29 Sep 2024د.إ579.8bد.إ136.5bد.إ77.4b8.4x7.5x4.2x
Tue, 27 Aug 2024د.إ560.9bد.إ136.5bد.إ77.4b7.8x7.2x4.1x
Thu, 25 Jul 2024د.إ538.1bد.إ134.3bد.إ76.6b7.6x7x4x
Sat, 22 Jun 2024د.إ511.5bد.إ131.1bد.إ75.0b7.2x6.8x3.9x
Mon, 20 May 2024د.إ521.6bد.إ131.1bد.إ75.0b7.5x7x4x
Wed, 17 Apr 2024د.إ534.1bد.إ125.1bد.إ72.3b7.9x7.4x4.3x
Fri, 15 Mar 2024د.إ543.2bد.إ125.1bد.إ72.6b8.4x7.5x4.3x
Sun, 11 Feb 2024د.إ549.7bد.إ125.5bد.إ73.0b8x7.5x4.4x
Tue, 09 Jan 2024د.إ544.1bد.إ119.3bد.إ67.4b8.4x8.1x4.6x
Thu, 07 Dec 2023د.إ516.9bد.إ119.3bد.إ67.4b8.2x7.7x4.3x
Sat, 04 Nov 2023د.إ515.2bد.إ119.5bد.إ67.7b8.2x7.6x4.3x
Mon, 02 Oct 2023د.إ530.6bد.إ110.8bد.إ62.3b8.5x8.5x4.8x
Wed, 30 Aug 2023د.إ530.1bد.إ110.8bد.إ62.3b8.5x8.5x4.8x
Fri, 28 Jul 2023د.إ539.2bد.إ106.4bد.إ57.8b8.8x9.3x5.1x
Sun, 25 Jun 2023د.إ503.6bد.إ102.4bد.إ54.2b9.2x9.3x4.9x
Tue, 23 May 2023د.إ492.6bد.إ102.0bد.إ54.0b9.2x9.1x4.8x
Thu, 20 Apr 2023د.إ486.0bد.إ95.2bد.إ49.8b9.2x9.8x5.1x
Price to Earnings Ratio

9.8x


Total Market Cap: د.إ486.0bTotal Earnings: د.إ49.8bTotal Revenue: د.إ95.2bTotal 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 18% 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 Market2.61%
Financials5.62%
Banks5.88%
Diversified Banks5.88%
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 7.0%, which is lower than the prior year's growth of 24.2% 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 7.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.0% 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.إ30.688.8%
+د.إ15.7b		59.4%PB1.3x
FAB First Abu Dhabi Bank P.J.S.Cد.إ18.607.1%
+د.إ13.7b		40.3%PB1.4x
ADIB Abu Dhabi Islamic Bank PJSCد.إ22.729.8%
+د.إ7.3b		40.8%PB2.7x
ADCB Abu Dhabi Commercial Bank PJSCد.إ13.303.9%
+د.إ3.9b		29.6%PB1.2x
MASQ Mashreqbank PSCد.إ218.003.3%
+د.إ1.4b		-8.4%PB1.1x

Latest News

EMIRATESNBD
د.إ30.68
Emirates NBD Bank PJSC
7D
8.8%
1Y
59.4%

EMIRATESNBD: Dividend Proposal And Upcoming Meetings Will Support Future Upside Potential

Analysts have trimmed their price target for Emirates NBD Bank PJSC slightly to AED35.57 from AED35.71, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that remain broadly in line with previous expectations. What's in the News A board meeting is scheduled for Jan 26, 2026, at 11:00 UTC to review and approve the previous board minutes, consider the Emirates NBD Group consolidated financial statements for the year ended Dec 31, 2025 in English and Arabic, and address normal business activities (Key Developments).
DIB
د.إ7.50
Dubai Islamic Bank P.J.S.C
7D
1.8%
1Y
3.9%

DIB: Upcoming Dividend Will Support Bullish Undervalued Thesis

Analysts have trimmed their AED fair value estimate for Dubai Islamic Bank P.J.S.C. by about AED0.11, reflecting slightly softer revenue growth assumptions and a marginally lower future P/E, partly offset by a small uplift in expected profit margin. What's in the News A board meeting is scheduled for April 1, 2026, at 14:30 UTC to consider appointing H.E. Mohammad Ibrahim Al Shaibani as Board Chairman for the 2026 to 2029 term and to address other business matters (Key Developments).
ADIB
د.إ22.72
Abu Dhabi Islamic Bank PJSC
7D
9.8%
1Y
40.8%

ADIB: Upcoming 2026 Dividend And Meetings Will Support Higher Fair Value

Analysts have made a small downward adjustment to their fair value estimate for Abu Dhabi Islamic Bank PJSC, trimming the price target from AED31.19 to AED31.14 as they fine tune assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News An annual dividend of AED 0.9705 per share has been announced, with an ex-date on March 13, 2026, a record date on March 16, 2026, and payment on April 03, 2026 (Key Developments).
ADCB
د.إ13.30
Abu Dhabi Commercial Bank PJSC
7D
3.9%
1Y
29.6%

ADCB: Upcoming Dividend And Board Decisions Will Support Future Upside Potential

Analysts have trimmed their price target for Abu Dhabi Commercial Bank PJSC slightly to around AED 18.19 from about AED 18.25, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. The core valuation view remains broadly unchanged.
SIB
د.إ3.45
Sharjah Islamic Bank PJSC
7D
7.8%
1Y
49.4%
RAKBANK
د.إ8.33
National Bank of Ras Al-Khaimah (P.S.C.)
7D
5.3%
1Y
31.8%
FAB
د.إ18.60
First Abu Dhabi Bank P.J.S.C
7D
7.1%
1Y
40.3%
MASQ
د.إ218.00
Mashreqbank PSC
7D
3.3%
1Y
-8.4%
INB
د.إ0.042
Invest bank P.S.C
7D
-12.5%
1Y
n/a