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Emirati (ADX) Market Analysis & Valuation

UpdatedMar 03, 2025
DataAggregated Company Financials
Companies149
  • 7D-1.0%
  • 3M3.2%
  • 1Y4.7%
  • YTD0.8%

Over the last 7 days, the market has dropped 1.0%, driven by a decline of 4.7% in the Energy sector. In the last year, the market is actually up 4.7%. Earnings are forecast to grow by 4.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Mar 2025د.إ3.7tد.إ994.4bد.إ235.8b13.2x15.7x3.7x
Wed, 29 Jan 2025د.إ3.7tد.إ936.0bد.إ237.6b13.6x15.6x4x
Fri, 27 Dec 2024د.إ3.7tد.إ928.2bد.إ235.9b13.1x15.5x3.9x
Sun, 24 Nov 2024د.إ3.4tد.إ894.5bد.إ231.6b13x14.8x3.8x
Tue, 22 Oct 2024د.إ3.5tد.إ848.5bد.إ229.7b13.4x15.1x4.1x
Thu, 19 Sep 2024د.إ3.5tد.إ827.4bد.إ226.3b13.9x15.3x4.2x
Sat, 17 Aug 2024د.إ3.4tد.إ833.4bد.إ229.0b13.7x14.7x4.1x
Mon, 15 Jul 2024د.إ3.3tد.إ787.6bد.إ216.3b13.2x15.4x4.2x
Wed, 12 Jun 2024د.إ3.2tد.إ781.8bد.إ214.8b13.2x15.1x4.2x
Fri, 10 May 2024د.إ3.3tد.إ771.8bد.إ224.0b14x14.8x4.3x
Sun, 07 Apr 2024د.إ3.4tد.إ738.6bد.إ221.2b14.1x15.3x4.6x
Tue, 05 Mar 2024د.إ3.4tد.إ740.3bد.إ220.8b15.4x15.3x4.6x
Thu, 01 Feb 2024د.إ3.4tد.إ660.4bد.إ190.8b15.1x17.9x5.2x
Sat, 30 Dec 2023د.إ3.5tد.إ653.9bد.إ188.1b15.1x18.4x5.3x
Mon, 27 Nov 2023د.إ3.4tد.إ650.0bد.إ187.3b15.5x17.9x5.2x
Wed, 25 Oct 2023د.إ3.2tد.إ629.4bد.إ182.6b14.8x17.6x5.1x
Fri, 22 Sep 2023د.إ3.5tد.إ616.3bد.إ187.5b15.9x18.8x5.7x
Sun, 20 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16x18.6x5.7x
Tue, 18 Jul 2023د.إ3.4tد.إ601.8bد.إ182.5b16.2x18.8x5.7x
Thu, 15 Jun 2023د.إ3.3tد.إ664.3bد.إ195.5b15.3x16.8x4.9x
Sat, 13 May 2023د.إ3.3tد.إ655.4bد.إ184.6b15.9x18x5.1x
Mon, 10 Apr 2023د.إ3.2tد.إ642.3bد.إ176.2b15.5x18.4x5x
Wed, 08 Mar 2023د.إ3.1tد.إ569.4bد.إ160.9b14.2x19.2x5.4x
Fri, 03 Feb 2023د.إ3.0tد.إ560.7bد.إ154.2b13.1x19.7x5.4x
Sun, 01 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b14x20.4x5.6x
Tue, 29 Nov 2022د.إ3.0tد.إ545.2bد.إ152.4b13.3x19.8x5.5x
Thu, 27 Oct 2022د.إ2.8tد.إ515.0bد.إ131.9b13.8x21.3x5.5x
Sat, 24 Sep 2022د.إ2.8tد.إ509.2bد.إ129.9b14.7x21.3x5.4x
Mon, 22 Aug 2022د.إ2.6tد.إ508.3bد.إ128.2b15.2x20.5x5.2x
Wed, 20 Jul 2022د.إ2.4tد.إ479.8bد.إ114.7b15.1x21x5x
Fri, 17 Jun 2022د.إ2.5tد.إ478.7bد.إ115.0b15.2x21.5x5.2x
Sun, 15 May 2022د.إ2.4tد.إ444.5bد.إ108.0b15x21.9x5.3x
Tue, 12 Apr 2022د.إ2.3tد.إ396.1bد.إ91.0b16x25.3x5.8x
Thu, 10 Mar 2022د.إ2.2tد.إ376.0bد.إ89.3b15.3x24.7x5.9x
Price to Earnings Ratio

24.7x


Total Market Cap: د.إ2.2tTotal Earnings: د.إ89.3bTotal Revenue: د.إ376.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 18.2x202320242025
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 15.7x which is lower than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 38% per year over the last three years.
  • Revenues for these companies have grown 38% 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-1.03%
Materials0.99%
Telecom0.65%
Financials0.62%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Industrials-0.26%
Tech-1.17%
Utilities-1.65%
Consumer Discretionary-1.92%
Healthcare-2.73%
Real Estate-3.20%
Energy-4.66%
Consumer Staples-6.66%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 6.3% which is higher than its past year's earnings decline of 7.4% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 3.5% per year 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.إ22.105.7%
+د.إ7.6b
28.1%PB1.1xFinancials
IHC International Holding Company PJSCد.إ403.000.4%
+د.إ2.1b
0.9%PE56xIndustrials
DU Emirates Integrated Telecommunications Company PJSCد.إ8.072.8%
+د.إ997.2m
37.2%PE14.7xTelecom
MASQ Mashreqbank PSCد.إ264.001.5%
+د.إ802.4m
28.2%PB1.4xFinancials
BOROUGE Borougeد.إ2.640.8%
+د.إ601.2m
8.6%PE17.6xMaterials
See more
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ADNOCGAS

د.إ3.37

ADNOC Gas

7D

-6.6%

1Y

6.6%

BOROUGE

د.إ2.64

Borouge

7D

0.8%

1Y

8.6%

EMAAR

د.إ13.55

Emaar Properties PJSC

7D

-4.2%

1Y

63.4%

DEWA

د.إ2.60

Dubai Electricity and Water Authority (PJSC)

7D

-1.5%

1Y

7.0%

SALIK

د.إ5.05

Salik Company P.J.S.C

7D

-7.3%

1Y

41.5%

IHC

د.إ403.00

International Holding Company PJSC

7D

0.4%

1Y

0.9%

TAQA

د.إ3.04

Abu Dhabi National Energy Company PJSC

7D

-1.9%

1Y

-1.6%

NMDC

د.إ25.18

NMDC Group PJSC

7D

2.4%

1Y

-12.0%

MODON

د.إ3.04

Modon Holding PSC

7D

-4.4%

1Y

-1.3%

EMAARDEV

د.إ12.90

Emaar Development PJSC

7D

-3.7%

1Y

57.5%

MASQ

د.إ264.00

Mashreqbank PSC

7D

1.5%

1Y

28.2%

ADCB

د.إ11.44

Abu Dhabi Commercial Bank PJSC

7D

-3.2%

1Y

32.4%

CBD

د.إ8.20

Commercial Bank of Dubai PSC

7D

1.2%

1Y

11.6%