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Emirati (ADX) Capital Markets Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies9
  • 7D1.9%
  • 3M7.3%
  • 1Y9.4%
  • YTD5.8%

In the last week, the Capital Markets industry is up 1.9%, with Al Waha Capital PJSC up 7.9%. In the last 12 months, the industry was up 9.4%. Looking forward, earnings are forecast to decline by 3.0% per year.

Industry Valuation and Performance

Has the Emirati Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026د.إ23.6bد.إ2.0bد.إ2.0b10.1x12x11.7x
Tue, 06 Jan 2026د.إ22.5bد.إ2.0bد.إ1.9b9.7x11.6x11.1x
Thu, 04 Dec 2025د.إ21.9bد.إ2.0bد.إ1.9b10x11.3x10.8x
Sat, 01 Nov 2025د.إ21.5bد.إ2.5bد.إ1.9b9.8x11.5x8.7x
Mon, 29 Sep 2025د.إ21.9bد.إ2.0bد.إ1.8b9.7x11.9x11.1x
Wed, 27 Aug 2025د.إ22.9bد.إ2.0bد.إ1.9b8.8x12.1x11.4x
Fri, 25 Jul 2025د.إ23.7bد.إ1.7bد.إ1.2b10.2x19.8x14.2x
Sun, 22 Jun 2025د.إ21.3bد.إ1.7bد.إ1.2b9.8x17.8x12.8x
Tue, 20 May 2025د.إ21.1bد.إ1.6bد.إ1.2b9.7x17.6x12.8x
Thu, 17 Apr 2025د.إ18.8bد.إ1.7bد.إ1.3b9.1x14.8x10.9x
Sat, 15 Mar 2025د.إ19.2bد.إ1.7bد.إ1.3b9.2x15x11x
Mon, 10 Feb 2025د.إ20.2bد.إ1.7bد.إ1.4b10.4x14.3x11.6x
Wed, 08 Jan 2025د.إ21.3bد.إ1.8bد.إ1.5b10.4x14.6x12.1x
Fri, 06 Dec 2024د.إ20.5bد.إ1.8bد.إ1.5b11.9x14x11.7x
Sun, 03 Nov 2024د.إ16.9bد.إ1.6bد.إ968.1m13.9x17.4x10.6x
Tue, 01 Oct 2024د.إ17.7bد.إ1.6bد.إ948.1m16.9x18.6x11.2x
Thu, 29 Aug 2024د.إ17.9bد.إ1.4bد.إ882.0m17.6x20.2x12.3x
Sat, 27 Jul 2024د.إ17.4bد.إ1.4bد.إ867.7m16.3x20.1x12.4x
Mon, 24 Jun 2024د.إ17.4bد.إ1.4bد.إ867.7m15.4x20x12.4x
Wed, 22 May 2024د.إ17.7bد.إ1.5bد.إ937.4m16x18.9x12.1x
Fri, 19 Apr 2024د.إ18.5bد.إ1.4bد.إ892.1m14.1x20.7x13.1x
Sun, 17 Mar 2024د.إ17.8bد.إ1.4bد.إ877.1m14.6x20.3x12.6x
Tue, 13 Feb 2024د.إ18.1bد.إ1.4bد.إ887.8m15.5x20.4x12.6x
Thu, 11 Jan 2024د.إ18.0bد.إ1.3bد.إ793.0m18.8x22.8x13.7x
Sat, 09 Dec 2023د.إ20.6bد.إ1.3bد.إ734.0m12x28.1x15.9x
Mon, 06 Nov 2023د.إ13.7bد.إ1.1bد.إ436.8m15.4x31.5x12.1x
Wed, 04 Oct 2023د.إ16.3bد.إ1.1bد.إ388.3m16.7x42.1x15.2x
Fri, 01 Sep 2023د.إ16.2bد.إ1.1bد.إ388.3m16.7x41.7x15x
Sun, 30 Jul 2023د.إ15.6bد.إ1.1bد.إ287.9m25x54.3x14.8x
Tue, 27 Jun 2023د.إ14.4bد.إ996.6mد.إ241.4m22.9x59.8x14.5x
Thu, 25 May 2023د.إ13.8bد.إ913.8mد.إ165.0m48.1x83.4x15.1x
Sat, 22 Apr 2023د.إ14.4bد.إ967.6mد.إ148.5m21x97.3x14.9x
Mon, 20 Mar 2023د.إ12.4bد.إ866.9mد.إ25.4m19x489.8x14.3x
Wed, 15 Feb 2023د.إ14.3bد.إ972.2mد.إ156.2m14.7x91.8x14.7x
Price to Earnings Ratio

91.8x


Total Market Cap: د.إ14.3bTotal Earnings: د.إ156.2mTotal Revenue: د.إ972.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Capital Markets Industry Price to Earnings3Y Average 145.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Emirian Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 146x.
  • The industry is trading close to its 3-year average PS ratio of 12.7x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 132% per year over the last three years.
  • Revenues for these companies have grown 28% 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 Market2.70%
Financials5.22%
Capital Markets1.88%
Diversified Capital Markets5.15%
Asset Management4.07%
Financial Exchanges and Data0.60%
Investment Banking and Brokerage-0.58%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings decline by 9.3% 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
WAHA Al Waha Capital PJSCد.إ2.057.9%
+د.إ280.3m		30.6%PE8.7x
DFM Dubai Financial Market P.J.S.Cد.إ1.670.6%
+د.إ80.0m		21.9%PE13.8x
SHUAA SHUAA Capital PSCد.إ0.245.2%
+د.إ43.9m		0.8%PE23.9x
ICAP Investcorp Capitalد.إ1.571.3%
+د.إ43.6m		-19.1%PE11.5x
ALRAMZ Al Ramz Corporation Investment and Development P.J.S.Cد.إ1.551.3%
+د.إ11.0m		18.3%PE21.8x

Latest News

ICAP
د.إ1.57
Investcorp Capital
7D
1.3%
1Y
-19.1%
DFM
د.إ1.67
Dubai Financial Market P.J.S.C
7D
0.6%
1Y
21.9%
RAPCO
د.إ2.01
RAPCO Investment PJSC
7D
-2.0%
1Y
22.6%

RAPCO Investment PJSC's (ADX:RAPCO) Subdued P/E Might Signal An Opportunity

Feb 04
RAPCO Investment PJSC's (ADX:RAPCO) Subdued P/E Might Signal An Opportunity
ALRAMZ
د.إ1.55
Al Ramz Corporation Investment and Development P.J.S.C
7D
1.3%
1Y
18.3%
BHMCAPITAL
د.إ0.90
BHM Capital Financial Services PSC
7D
-4.8%
1Y
-50.4%

BHM Capital Financial Services PSC's (DFM:BHMCAPITAL) Earnings Are Not Doing Enough For Some Investors

Jan 07
BHM Capital Financial Services PSC's (DFM:BHMCAPITAL) Earnings Are Not Doing Enough For Some Investors
SHUAA
د.إ0.24
SHUAA Capital PSC
7D
5.2%
1Y
0.8%
WAHA
د.إ2.05
Al Waha Capital PJSC
7D
7.9%
1Y
30.6%