Analysis Article • Aug 20
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Emirati (ADX) Market Analysis & Valuation
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies153
- 7D-0.3%
- 3M4.3%
- 1Y-5.3%
- YTD-3.1%
The Healthcare sector gained 5.3% while the market remained flat over the last week. Unfortunately though, the market is down 5.3% over the past year. As for the next few years, earnings are expected to grow by 7.2% per annum.
Market Valuation and Performance
Has the Emirati Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | د.إ3.8t | د.إ1.3t | د.إ298.2b | 10.3x | 12.7x | 2.9x |
| Mon, 20 Jul 2026 | د.إ3.7t | د.إ1.2t | د.إ279.1b | 10.8x | 13.3x | 3x |
| Wed, 17 Jun 2026 | د.إ3.8t | د.إ1.2t | د.إ277.6b | 10.9x | 13.7x | 3.1x |
| Fri, 15 May 2026 | د.إ3.6t | د.إ1.2t | د.إ277.8b | 11.2x | 13.1x | 3x |
| Sun, 12 Apr 2026 | د.إ3.7t | د.إ1.2t | د.إ267.5b | 10.7x | 13.7x | 3.1x |
| Tue, 10 Mar 2026 | د.إ3.7t | د.إ1.2t | د.إ266.4b | 10.3x | 13.8x | 3.1x |
| Thu, 05 Feb 2026 | د.إ4.1t | د.إ1.1t | د.إ256.9b | 12.2x | 15.8x | 3.5x |
| Sat, 03 Jan 2026 | د.إ3.9t | د.إ1.1t | د.إ255.0b | 12x | 15.2x | 3.4x |
| Mon, 01 Dec 2025 | د.إ3.8t | د.إ1.1t | د.إ255.2b | 11.8x | 14.7x | 3.3x |
| Wed, 29 Oct 2025 | د.إ3.9t | د.إ1.1t | د.إ245.2b | 12.2x | 16.1x | 3.6x |
| Fri, 26 Sep 2025 | د.إ3.8t | د.إ1.1t | د.إ240.5b | 12.2x | 16x | 3.5x |
| Sun, 24 Aug 2025 | د.إ4.0t | د.إ1.1t | د.إ239.3b | 13.3x | 16.7x | 3.7x |
| Tue, 22 Jul 2025 | د.إ4.0t | د.إ1.0t | د.إ240.8b | 13.2x | 16.5x | 3.8x |
| Thu, 19 Jun 2025 | د.إ3.7t | د.إ1.0t | د.إ240.3b | 12.2x | 15.5x | 3.6x |
| Sat, 17 May 2025 | د.إ3.9t | د.إ1.0t | د.إ240.0b | 12.8x | 16.2x | 3.7x |
| Mon, 14 Apr 2025 | د.إ3.7t | د.إ1.0t | د.إ237.9b | 12.6x | 15.4x | 3.7x |
| Wed, 12 Mar 2025 | د.إ3.6t | د.إ997.6b | د.إ236.9b | 12.8x | 15.3x | 3.6x |
| Fri, 07 Feb 2025 | د.إ3.7t | د.إ939.5b | د.إ240.6b | 13.3x | 15.5x | 4x |
| Sun, 05 Jan 2025 | د.إ3.7t | د.إ928.2b | د.إ235.9b | 13.5x | 15.5x | 3.9x |
| Tue, 03 Dec 2024 | د.إ3.5t | د.إ922.6b | د.إ232.5b | 13.1x | 14.9x | 3.8x |
| Thu, 31 Oct 2024 | د.إ3.5t | د.إ866.7b | د.إ232.8b | 13.6x | 15x | 4x |
| Sat, 28 Sep 2024 | د.إ3.5t | د.إ849.5b | د.إ229.1b | 13.6x | 15.3x | 4.1x |
| Mon, 26 Aug 2024 | د.إ3.4t | د.إ834.1b | د.إ228.6b | 13.6x | 14.9x | 4.1x |
| Wed, 24 Jul 2024 | د.إ3.4t | د.إ790.6b | د.إ217.8b | 13.3x | 15.4x | 4.3x |
| Fri, 21 Jun 2024 | د.إ3.3t | د.إ781.8b | د.إ214.9b | 13.2x | 15.2x | 4.2x |
| Sun, 19 May 2024 | د.إ3.3t | د.إ781.1b | د.إ213.6b | 13.4x | 15.5x | 4.2x |
| Tue, 16 Apr 2024 | د.إ3.4t | د.إ735.4b | د.إ221.0b | 14.1x | 15.4x | 4.6x |
| Thu, 14 Mar 2024 | د.إ3.4t | د.إ738.2b | د.إ221.8b | 14.8x | 15.4x | 4.6x |
| Sat, 10 Feb 2024 | د.إ3.4t | د.إ655.1b | د.إ183.7b | 15.6x | 18.4x | 5.2x |
| Mon, 08 Jan 2024 | د.إ3.5t | د.إ653.9b | د.إ188.1b | 15.5x | 18.4x | 5.3x |
| Wed, 06 Dec 2023 | د.إ3.3t | د.إ649.5b | د.إ187.4b | 15.2x | 17.8x | 5.1x |
| Fri, 03 Nov 2023 | د.إ3.3t | د.إ644.7b | د.إ189.3b | 14.9x | 17.6x | 5.2x |
| Sun, 01 Oct 2023 | د.إ3.5t | د.إ626.9b | د.إ189.7b | 16.2x | 18.4x | 5.6x |
| Tue, 29 Aug 2023 | د.إ3.5t | د.إ616.2b | د.إ187.4b | 15.9x | 18.6x | 5.6x |
Price to Earnings Ratio
18.6x
Current Market PE
- Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 12.7x which is lower than its 3-year average PE of 15.6x.
Past Earnings Growth
- The earnings for Emirian listed companies have grown 17% 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.
Sector Trends
Which sectors have driven the changes within the Emirati Market?
| AE Market | -0.26% | |
| Healthcare | 5.27% | |
| Tech | 3.06% | |
| Materials | 1.47% | |
| Consumer Discretionary | 1.09% | |
| Energy | 0.87% | |
| Telecom | 0.63% | |
| Utilities | 0.091% | |
| Real Estate | -0.28% | |
| Industrials | -0.53% | |
| Financials | -1.42% | |
| Consumer Staples | -4.74% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 47.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings growth of 11.1% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 2.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| ADPORTS Abu Dhabi Ports Company PJSC | د.إ6.04 | 18.4% +د.إ4.8b | 45.5% | PE15.4x | Industrials | |
| EAND Emirates Telecommunications Group Company PJSC | د.إ21.56 | 2.1% +د.إ3.8b | 19.6% | PE16.1x | Telecom | |
| ADNOCDRILL ADNOC Drilling Company P.J.S.C | د.إ6.16 | 3.5% +د.إ3.4b | 11.8% | PE18.4x | Energy | |
| ADNOCLS ADNOC Logistics & Services | د.إ6.90 | 6.6% +د.إ3.2b | 31.2% | PE9x | Energy | |
| MASQ Mashreqbank PSC | د.إ311.00 | 3.7% +د.إ2.2b | 26.4% | PB1.5x | Financials |