Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Emirati (ADX) Market Analysis & Valuation

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies150
  • 7D0.4%
  • 3M-1.2%
  • 1Y4.7%
  • YTD-0.02%

Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 3.2% in that time. More promisingly, the market is up 4.7% over the past year. Looking forward, 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
Tue, 13 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.8x15.2x3.4x
Thu, 11 Dec 2025د.إ3.9tد.إ1.1tد.إ255.2b11.6x15.2x3.4x
Sat, 08 Nov 2025د.إ3.9tد.إ1.1tد.إ248.6b12.1x15.7x3.4x
Mon, 06 Oct 2025د.إ3.9tد.إ1.1tد.إ240.5b12.3x16.1x3.6x
Wed, 03 Sep 2025د.إ3.9tد.إ1.1tد.إ239.4b12.8x16.5x3.7x
Fri, 01 Aug 2025د.إ4.0tد.إ1.1tد.إ236.7b13.4x17.1x3.8x
Sun, 29 Jun 2025د.إ3.9tد.إ1.0tد.إ240.2b13.1x16.2x3.7x
Tue, 27 May 2025د.إ3.8tد.إ1.0tد.إ240.2b12.6x15.7x3.6x
Thu, 24 Apr 2025د.إ3.8tد.إ1.0tد.إ237.7b12.7x15.8x3.8x
Sat, 22 Mar 2025د.إ3.6tد.إ997.7bد.إ237.4b13x15.3x3.6x
Mon, 17 Feb 2025د.إ3.7tد.إ954.0bد.إ244.6b13.5x15.3x3.9x
Wed, 15 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.5x15.8x4x
Fri, 13 Dec 2024د.إ3.6tد.إ928.2bد.إ235.9b12.7x15.1x3.8x
Sun, 10 Nov 2024د.إ3.5tد.إ884.1bد.إ232.3b13.4x15.1x4x
Tue, 08 Oct 2024د.إ3.4tد.إ847.1bد.إ228.2b13.6x14.9x4x
Thu, 05 Sep 2024د.إ3.4tد.إ834.2bد.إ228.7b13.6x14.9x4.1x
Sat, 03 Aug 2024د.إ3.4tد.إ801.0bد.إ227.8b13.2x14.8x4.2x
Mon, 01 Jul 2024د.إ3.3tد.إ786.9bد.إ216.2b13.2x15.3x4.2x
Wed, 29 May 2024د.إ3.2tد.إ781.6bد.إ214.9b13.1x14.8x4.1x
Fri, 26 Apr 2024د.إ3.3tد.إ753.4bد.إ222.6b14.1x14.8x4.4x
Sun, 24 Mar 2024د.إ3.4tد.إ739.7bد.إ221.5b15.2x15.6x4.7x
Tue, 20 Feb 2024د.إ3.4tد.إ738.3bد.إ206.5b15.3x16.4x4.6x
Thu, 18 Jan 2024د.إ3.5tد.إ654.5bد.إ188.1b15.7x18.4x5.3x
Sat, 16 Dec 2023د.إ3.3tد.إ653.9bد.إ188.1b15.1x17.8x5.1x
Mon, 13 Nov 2023د.إ3.4tد.إ647.8bد.إ189.1b15x17.8x5.2x
Wed, 11 Oct 2023د.إ3.4tد.إ627.3bد.إ190.3b15.8x17.8x5.4x
Fri, 08 Sep 2023د.إ3.4tد.إ616.4bد.إ187.4b15.5x18.4x5.6x
Sun, 06 Aug 2023د.إ3.5tد.إ615.8bد.إ187.8b16.4x18.4x5.6x
Tue, 04 Jul 2023د.إ3.4tد.إ601.5bد.إ182.2b16.1x18.5x5.6x
Thu, 01 Jun 2023د.إ3.2tد.إ664.4bد.إ195.5b15.6x16.5x4.9x
Sat, 29 Apr 2023د.إ3.4tد.إ648.4bد.إ179.4b15.7x18.8x5.2x
Mon, 27 Mar 2023د.إ3.2tد.إ641.1bد.إ177.4b15.6x18.1x5x
Wed, 22 Feb 2023د.إ3.1tد.إ563.0bد.إ161.3b13.7x19x5.4x
Fri, 20 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b13.7x20.5x5.7x
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 16.5x202420252026
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 Market0.37%
Real Estate3.24%
Telecom2.31%
Financials1.77%
Healthcare0.88%
Industrials0.60%
Consumer Discretionary-0.20%
Materials-1.18%
Tech-1.48%
Utilities-1.76%
Energy-2.36%
Consumer Staples-3.62%
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 5.0%, 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.إ30.203.2%
+د.إ6.0b		38.5%PB1.4xFinancials
FAB First Abu Dhabi Bank P.J.S.Cد.إ17.982.9%
+د.إ5.5b		25.6%PB1.4xFinancials
ADCB Abu Dhabi Commercial Bank PJSCد.إ15.003.6%
+د.إ3.8b		38.1%PB1.4xFinancials
EAND Emirates Telecommunications Group Company PJSCد.إ18.882.1%
+د.إ3.3b		16.0%PE11.6xTelecom
ALDAR Aldar Properties PJSCد.إ9.234.3%
+د.إ3.0b		20.5%PE10.9xReal Estate
See more

Market Insights

Header cover image
Which Markets Will Sink or Swim in 2026? 🌍
Richard Bowman avatar
Richard Bowman
|
|
What research teams agree on – and where they don’t – heading into 2026.
Continue reading
Three Sectors Expected to Rally in 2026 📈
Last Week

Three Sectors Expected to Rally in 2026 📈

Latest News

EMIRATESNBD
د.إ30.20
Emirates NBD Bank PJSC
7D
3.2%
1Y
38.5%

EMIRATESNBD: India Bank Deals And Stable Outlook Will Shape Future Returns

Analysts have nudged their fair value estimate for Emirates NBD Bank PJSC slightly higher to 31.01, up from 30.92. They cite updated assumptions around discount rate, profit margin and future P/E that modestly refine their outlook rather than mark a major shift in view.
ALDAR
د.إ9.23
Aldar Properties PJSC
7D
4.3%
1Y
20.5%

ALDAR: Growing Capital Platform And UAE Projects Will Support Future Income

Analysts have nudged their fair value estimate for Aldar Properties PJSC higher from AED 11.27 to AED 11.42, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E as key drivers of the revised price target. What's in the News Aldar and Mubadala Capital plan to launch Aldar Capital, an investment management platform in ADGM that will connect global institutional investors with real estate and infrastructure opportunities across the UAE and wider GCC.
ADNOCDRILL
د.إ5.20
ADNOC Drilling Company P.J.S.C
7D
-2.6%
1Y
-8.0%

ADNOCDRILL: Higher 2025 Guidance And Dividend Plans Will Support Future Returns

Analysts have nudged their fair value estimate for ADNOC Drilling Company P.J.S.C. slightly higher to about $6.64 per share, reflecting updated assumptions around revenue, profit margins and future P/E that collectively support a modestly higher price target. What's in the News Updated full year 2025 revenue guidance to a range of US$4.75b to US$4.85b, compared with the previous range of US$4.65b to US$4.80b (company guidance).
ADIB
د.إ21.44
Abu Dhabi Islamic Bank PJSC
7D
4.0%
1Y
43.9%

ADIB: Future Profitability Assumptions And Board Agenda Will Shape Outlook

Analysts have lifted their fair value estimate for Abu Dhabi Islamic Bank PJSC from AED 16.51 to AED 22.40, citing updated assumptions for revenue growth, profit margins, and future P/E levels as key drivers of the higher target. What's in the News Board meeting scheduled for Oct 22, 2025 at 08:00 UTC to review and approve Abu Dhabi Islamic Bank PJSC's Q3 2025 financial statements and results as of Sep 30, 2025, and to consider other general matters that do not affect the share price (Key Developments).
ADCB
د.إ15.00
Abu Dhabi Commercial Bank PJSC
7D
3.6%
1Y
38.1%

ADCB: Share Capital Increase Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Abu Dhabi Commercial Bank PJSC slightly to AED 17.90. This reflects updated assumptions around discount rates, profit margins and a higher future P/E multiple.
ADNOCLS
د.إ5.60
ADNOC Logistics & Services
7D
-1.9%
1Y
0.9%
EAND
د.إ18.88
Emirates Telecommunications Group Company PJSC
7D
2.1%
1Y
16.0%

Emirates Telecommunications Group Company PJSC (ADX:EAND) Might Become A Compounding Machine

Dec 28
Emirates Telecommunications Group Company PJSC (ADX:EAND) Might Become A Compounding Machine
BOROUGE
د.إ2.58
Borouge
7D
-0.8%
1Y
3.6%

Borouge plc's (ADX:BOROUGE) Business Is Yet to Catch Up With Its Share Price

Dec 24
Borouge plc's (ADX:BOROUGE) Business Is Yet to Catch Up With Its Share Price
DU
د.إ10.45
Emirates Integrated Telecommunications Company PJSC
7D
5.9%
1Y
39.0%

We Like Emirates Integrated Telecommunications Company PJSC's (DFM:DU) Returns And Here's How They're Trending

Dec 24
We Like Emirates Integrated Telecommunications Company PJSC's (DFM:DU) Returns And Here's How They're Trending
ADPORTS
د.إ4.76
Abu Dhabi Ports Company PJSC
7D
-1.4%
1Y
-6.3%
TAQA
د.إ3.07
Abu Dhabi National Energy Company PJSC
7D
-5.2%
1Y
-1.0%
ADNOCDIST
د.إ3.87
Abu Dhabi National Oil Company for Distribution PJSC
7D
-1.5%
1Y
13.5%

Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Knows How To Allocate Capital Effectively

Dec 11
Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Knows How To Allocate Capital Effectively
APEX
د.إ3.50
Apex Investment PSC
7D
-4.6%
1Y
-19.9%

Apex Investment PSC (ADX:APEX) Might Have The Makings Of A Multi-Bagger

Nov 21
Apex Investment PSC (ADX:APEX) Might Have The Makings Of A Multi-Bagger
DEWA
د.إ2.89
Dubai Electricity and Water Authority (PJSC)
7D
1.8%
1Y
1.0%

Results: Dubai Electricity and Water Authority (PJSC) Exceeded Expectations And The Consensus Has Updated Its Estimates

Nov 15
Results: Dubai Electricity and Water Authority (PJSC) Exceeded Expectations And The Consensus Has Updated Its Estimates
ADNOCGAS
د.إ3.40
ADNOC Gas
7D
-2.3%
1Y
-2.9%
FAB
د.إ17.98
First Abu Dhabi Bank P.J.S.C
7D
2.9%
1Y
25.6%