Narrative Update • Jul 06
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Emirati (ADX) Banks Industry Analysis
UpdatedJul 16, 2026
DataAggregated Company Financials
Companies17
- 7D-1.4%
- 3M-0.5%
- 1Y1.7%
- YTD-0.08%
Over the last 7 days, the Banks industry has dropped 1.7%, driven by a pullback from Emirates NBD Bank PJSC of 3.4%. In the past year, the industry has gained 4.0%. Looking forward, earnings are forecast to grow by 6.7% 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 |
|---|---|---|---|---|---|---|
| Thu, 16 Jul 2026 | د.إ778.2b | د.إ160.0b | د.إ87.7b | 8x | 8.9x | 4.9x |
| Sat, 13 Jun 2026 | د.إ761.5b | د.إ159.9b | د.إ87.5b | 7.9x | 8.7x | 4.8x |
| Mon, 11 May 2026 | د.إ764.7b | د.إ159.8b | د.إ87.5b | 7.9x | 8.7x | 4.8x |
| Wed, 08 Apr 2026 | د.إ739.0b | د.إ156.2b | د.إ85.7b | 8x | 8.6x | 4.7x |
| Fri, 06 Mar 2026 | د.إ785.3b | د.إ155.9b | د.إ85.6b | 8.4x | 9.2x | 5x |
| Sun, 01 Feb 2026 | د.إ825.3b | د.إ157.5b | د.إ87.5b | 8.8x | 9.4x | 5.2x |
| Tue, 30 Dec 2025 | د.إ767.6b | د.إ151.8b | د.إ83.9b | 8.8x | 9.1x | 5.1x |
| Thu, 27 Nov 2025 | د.إ699.1b | د.إ151.8b | د.إ83.9b | 8.5x | 8.3x | 4.6x |
| Sat, 25 Oct 2025 | د.إ758.3b | د.إ151.6b | د.إ83.5b | 8.9x | 9.1x | 5x |
| Mon, 22 Sep 2025 | د.إ734.9b | د.إ147.5b | د.إ80.6b | 9x | 9.1x | 5x |
| Wed, 20 Aug 2025 | د.إ814.0b | د.إ152.7b | د.إ83.6b | 9.6x | 9.7x | 5.3x |
| Fri, 18 Jul 2025 | د.إ828.8b | د.إ149.5b | د.إ82.7b | 9.4x | 10x | 5.5x |
| Sun, 15 Jun 2025 | د.إ700.9b | د.إ149.0b | د.إ82.3b | 8.3x | 8.5x | 4.7x |
| Tue, 13 May 2025 | د.إ823.1b | د.إ149.1b | د.إ82.1b | 8.2x | 10x | 5.5x |
| Thu, 10 Apr 2025 | د.إ748.9b | د.إ145.0b | د.إ80.5b | 7.8x | 9.3x | 5.2x |
| Sat, 08 Mar 2025 | د.إ675.7b | د.إ145.1b | د.إ80.7b | 8.6x | 8.4x | 4.7x |
| Mon, 03 Feb 2025 | د.إ662.3b | د.إ142.8b | د.إ79.4b | 8.9x | 8.3x | 4.6x |
| Wed, 01 Jan 2025 | د.إ619.7b | د.إ140.3b | د.إ79.3b | 8.3x | 7.8x | 4.4x |
| Fri, 29 Nov 2024 | د.إ547.9b | د.إ135.5b | د.إ76.3b | 7.7x | 7.2x | 4x |
| Sun, 27 Oct 2024 | د.إ561.1b | د.إ139.5b | د.إ79.2b | 7.6x | 7.1x | 4x |
| Tue, 24 Sep 2024 | د.إ571.6b | د.إ136.5b | د.إ77.4b | 8.2x | 7.4x | 4.2x |
| Thu, 22 Aug 2024 | د.إ558.1b | د.إ136.5b | د.إ77.4b | 8.1x | 7.2x | 4.1x |
| Sat, 20 Jul 2024 | د.إ536.6b | د.إ131.3b | د.إ75.3b | 8.3x | 7.1x | 4.1x |
| Mon, 17 Jun 2024 | د.إ506.0b | د.إ131.1b | د.إ75.0b | 7.2x | 6.7x | 3.9x |
| Wed, 15 May 2024 | د.إ523.8b | د.إ131.1b | د.إ75.0b | 7.6x | 7x | 4x |
| Fri, 12 Apr 2024 | د.إ536.8b | د.إ125.1b | د.إ72.3b | 7.9x | 7.4x | 4.3x |
| Sun, 10 Mar 2024 | د.إ542.4b | د.إ125.1b | د.إ72.6b | 8.3x | 7.5x | 4.3x |
| Tue, 06 Feb 2024 | د.إ559.2b | د.إ125.4b | د.إ72.9b | 8.1x | 7.7x | 4.5x |
| Thu, 04 Jan 2024 | د.إ530.2b | د.إ119.3b | د.إ67.4b | 8.4x | 7.9x | 4.4x |
| Sat, 02 Dec 2023 | د.إ518.5b | د.إ119.3b | د.إ67.4b | 8.2x | 7.7x | 4.3x |
| Mon, 30 Oct 2023 | د.إ490.8b | د.إ119.1b | د.إ67.5b | 7.8x | 7.3x | 4.1x |
| Wed, 27 Sep 2023 | د.إ533.4b | د.إ110.8b | د.إ62.3b | 8.5x | 8.6x | 4.8x |
| Fri, 25 Aug 2023 | د.إ533.8b | د.إ110.8b | د.إ62.3b | 8.5x | 8.6x | 4.8x |
| Sun, 23 Jul 2023 | د.إ516.5b | د.إ104.7b | د.إ56.2b | 8.5x | 9.2x | 4.9x |
Price to Earnings Ratio
9.2x
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 8.3x.
- 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 16% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -0.97% | |
| Financials | -1.39% | |
| Banks | -1.43% | |
| Diversified Banks | -1.43% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.3x.
- Analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 20.3% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.7% 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 | |
|---|---|---|---|---|---|
| MASQ Mashreqbank PSC | د.إ257.00 | 1.0% +د.إ501.5m | 4.5% | PB1.3x | |
| NBQ National Bank of Umm Al-Qaiwain (PSC) | د.إ2.93 | 4.3% +د.إ240.0m | 24.7% | PB0.9x | |
| CBD Commercial Bank of Dubai PSC | د.إ9.45 | 0.9% +د.إ238.8m | 5.0% | PB1.5x | |
| SIB Sharjah Islamic Bank PJSC | د.إ2.93 | 1.0% +د.إ97.1m | 4.6% | PB0.8x |
