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Emirati (ADX) Market Analysis & Valuation

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies150
  • 7D-0.2%
  • 3M-1.3%
  • 1Y4.5%
  • YTD-0.2%

In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 3.9%. More promisingly, the market is up 4.5% over the past year. Earnings are forecast to grow by 5.6% annually.

Market Valuation and Performance

Has the Emirati Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.7x15.2x3.4x
Tue, 09 Dec 2025د.إ3.9tد.إ1.1tد.إ255.2b11.6x15.1x3.4x
Thu, 06 Nov 2025د.إ3.9tد.إ1.1tد.إ245.6b12.2x15.8x3.5x
Sat, 04 Oct 2025د.إ3.9tد.إ1.1tد.إ240.5b12.3x16.1x3.6x
Mon, 01 Sep 2025د.إ4.0tد.إ1.1tد.إ239.3b13.2x16.6x3.7x
Wed, 30 Jul 2025د.إ4.0tد.إ1.0tد.إ242.1b13x16.7x3.9x
Fri, 27 Jun 2025د.إ3.9tد.إ1.0tد.إ240.2b13.1x16.2x3.7x
Sun, 25 May 2025د.إ3.8tد.إ1.0tد.إ240.2b12.6x15.7x3.6x
Tue, 22 Apr 2025د.إ3.7tد.إ1.0tد.إ238.1b12.7x15.7x3.7x
Thu, 20 Mar 2025د.إ3.7tد.إ997.7bد.إ237.4b13x15.4x3.7x
Sat, 15 Feb 2025د.إ3.7tد.إ949.3bد.إ243.8b13.4x15.3x3.9x
Mon, 13 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.4x15.7x4x
Wed, 11 Dec 2024د.إ3.5tد.إ928.2bد.إ235.9b12.7x14.9x3.8x
Fri, 08 Nov 2024د.إ3.5tد.إ883.8bد.إ232.2b13.4x15x4x
Sun, 06 Oct 2024د.إ3.4tد.إ847.9bد.إ228.6b13.6x14.9x4x
Tue, 03 Sep 2024د.إ3.4tد.إ834.2bد.إ228.7b13.6x14.9x4.1x
Thu, 01 Aug 2024د.إ3.4tد.إ798.7bد.إ218.6b13.2x15.5x4.3x
Sat, 29 Jun 2024د.إ3.3tد.إ786.9bد.إ216.2b13.2x15.3x4.2x
Mon, 27 May 2024د.إ3.2tد.إ781.5bد.إ214.9b13.1x15x4.1x
Wed, 24 Apr 2024د.إ3.3tد.إ752.2bد.إ222.1b14.1x14.9x4.4x
Fri, 22 Mar 2024د.إ3.4tد.إ739.5bد.إ222.4b15.1x15.5x4.6x
Sun, 18 Feb 2024د.إ3.4tد.إ737.6bد.إ206.2b15.2x16.5x4.6x
Tue, 16 Jan 2024د.إ3.5tد.إ654.5bد.إ188.1b15.9x18.5x5.3x
Thu, 14 Dec 2023د.إ3.3tد.إ653.9bد.إ188.1b15.1x17.6x5.1x
Sat, 11 Nov 2023د.إ3.4tد.إ644.5bد.إ190.0b14.9x17.7x5.2x
Mon, 09 Oct 2023د.إ3.5tد.إ626.7bد.إ189.7b16.2x18.2x5.5x
Wed, 06 Sep 2023د.إ3.4tد.إ616.4bد.إ187.4b15.5x18.4x5.6x
Fri, 04 Aug 2023د.إ3.4tد.إ613.8bد.إ186.0b16.3x18.5x5.6x
Sun, 02 Jul 2023د.إ3.4tد.إ601.5bد.إ182.2b15.6x18.5x5.6x
Tue, 30 May 2023د.إ3.2tد.إ664.3bد.إ195.4b15.8x16.6x4.9x
Thu, 27 Apr 2023د.إ3.3tد.إ643.3bد.إ176.8b15.4x18.9x5.2x
Sat, 25 Mar 2023د.إ3.2tد.إ640.4bد.إ177.4b15x18.2x5x
Mon, 20 Feb 2023د.إ3.1tد.إ563.0bد.إ161.2b13.5x19.1x5.5x
Wed, 18 Jan 2023د.إ3.2tد.إ554.4bد.إ153.4b14.2x20.6x5.7x
Price to Earnings Ratio

20.6x


Total Market Cap: د.إ3.2tTotal Earnings: د.إ153.4bTotal Revenue: د.إ554.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Emirian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.5x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 27% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Emirati Market?

AE Market-0.21%
Real Estate2.03%
Financials1.62%
Healthcare0.80%
Telecom0.69%
Industrials0.26%
Materials-0.85%
Tech-1.92%
Consumer Discretionary-1.96%
Energy-2.76%
Utilities-3.02%
Consumer Staples-3.90%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 27.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 5.2%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Telecom industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
EMIRATESNBD Emirates NBD Bank PJSCد.إ29.352.6%
+د.إ4.7b		36.2%PB1.3xFinancials
ADCB Abu Dhabi Commercial Bank PJSCد.إ14.763.2%
+د.إ3.4b		35.9%PB1.4xFinancials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.852.2%
+د.إ3.0b		1.4%PE17.8xUtilities
FAB First Abu Dhabi Bank P.J.S.Cد.إ17.661.1%
+د.إ2.2b		21.8%PB1.4xFinancials
EMAARDEV Emaar Development PJSCد.إ16.153.5%
+د.إ2.2b		17.5%PE6.4xReal Estate
See more

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