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Emirati (ADX) Market Analysis & Valuation

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies150
  • 7D0.1%
  • 3M-0.9%
  • 1Y5.4%
  • YTD0.3%

Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 4.0% in that time. Meanwhile, the market is actually up 5.4% 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
Wed, 07 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.8x15.2x3.4x
Fri, 05 Dec 2025د.إ3.8tد.إ1.1tد.إ255.2b11.6x15x3.3x
Sun, 02 Nov 2025د.إ3.9tد.إ1.1tد.إ246.6b11.9x15.9x3.5x
Tue, 30 Sep 2025د.إ3.9tد.إ1.1tد.إ240.5b12.4x16.2x3.6x
Thu, 28 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.1x16.7x3.7x
Sat, 26 Jul 2025د.إ4.0tد.إ1.0tد.إ242.1b13.3x16.6x3.9x
Mon, 23 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.1x15.6x3.6x
Wed, 21 May 2025د.إ3.9tد.إ1.0tد.إ239.9b12.7x16.3x3.8x
Fri, 18 Apr 2025د.إ3.7tد.إ1.0tد.إ238.0b12.6x15.6x3.7x
Sun, 16 Mar 2025د.إ3.6tد.إ998.2bد.إ237.2b13.3x15.4x3.7x
Tue, 11 Feb 2025د.إ3.7tد.إ942.8bد.إ241.0b13.2x15.5x4x
Thu, 09 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.5x15.7x4x
Sat, 07 Dec 2024د.إ3.5tد.إ923.4bد.إ232.9b13x15x3.8x
Mon, 04 Nov 2024د.إ3.5tد.إ879.7bد.إ235.6b13.1x14.8x4x
Wed, 02 Oct 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.3x4.1x
Fri, 30 Aug 2024د.إ3.4tد.إ834.1bد.إ228.6b13.6x14.7x4x
Sun, 28 Jul 2024د.إ3.4tد.إ793.5bد.إ217.3b13.3x15.6x4.3x
Tue, 25 Jun 2024د.إ3.3tد.إ781.8bد.إ214.8b13.2x15.3x4.2x
Thu, 23 May 2024د.إ3.3tد.إ781.8bد.إ214.9b13.1x15.3x4.2x
Sat, 20 Apr 2024د.إ3.4tد.إ752.3bد.إ222.1b14.1x15.2x4.5x
Mon, 18 Mar 2024د.إ3.4tد.إ739.0bد.إ221.9b14.7x15.4x4.6x
Wed, 14 Feb 2024د.إ3.4tد.إ660.8bد.إ187.9b16x18x5.1x
Fri, 12 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.8x18.5x5.3x
Sun, 10 Dec 2023د.إ3.3tد.إ653.9bد.إ188.1b15.3x17.6x5.1x
Tue, 07 Nov 2023د.إ3.3tد.إ646.2bد.إ189.8b14.9x17.6x5.2x
Thu, 05 Oct 2023د.إ3.5tد.إ626.7bد.إ189.7b16x18.4x5.6x
Sat, 02 Sep 2023د.إ3.5tد.إ616.4bد.إ187.4b15.8x18.6x5.6x
Mon, 31 Jul 2023د.إ3.4tد.إ614.8bد.إ188.9b16.4x18.2x5.6x
Wed, 28 Jun 2023د.إ3.4tد.إ664.1bد.إ195.4b16.1x17.2x5.1x
Fri, 26 May 2023د.إ3.3tد.إ663.9bد.إ195.2b15.5x16.7x4.9x
Sun, 23 Apr 2023د.إ3.3tد.إ643.8bد.إ177.3b15.4x18.6x5.1x
Tue, 21 Mar 2023د.إ3.2tد.إ640.6bد.إ177.4b15x18.1x5x
Thu, 16 Feb 2023د.إ3.1tد.إ567.7bد.إ161.6b13.7x18.9x5.4x
Sat, 14 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b13.8x20.5x5.7x
Price to Earnings Ratio

20.5x


Total Market Cap: د.إ3.1tTotal Earnings: د.إ153.4bTotal Revenue: د.إ554.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.6x202420252026
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 16.6x.
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 Market0.15%
Real Estate4.03%
Telecom2.34%
Tech1.93%
Financials1.46%
Healthcare0.63%
Consumer Discretionary0.44%
Materials0.30%
Industrials0.17%
Energy-0.28%
Consumer Staples-4.30%
Utilities-4.31%
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.إ29.405.6%
+د.إ9.8b		35.2%PB1.3xFinancials
EMAAR Emaar Properties PJSCد.إ14.805.3%
+د.إ6.6b		16.1%PE8xReal Estate
EMAARDEV Emaar Development PJSCد.إ16.458.6%
+د.إ5.2b		21.9%PE6.5xReal Estate
ADCB Abu Dhabi Commercial Bank PJSCد.إ14.803.5%
+د.إ3.7b		40.4%PB1.4xFinancials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.842.5%
+د.إ3.5b		1.4%PE17.7xUtilities
See more

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