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Emirati (ADX) Market Analysis & Valuation

UpdatedMay 07, 2025
DataAggregated Company Financials
Companies153
  • 7D1.2%
  • 3M-0.2%
  • 1Y8.8%
  • YTD0.9%

The market is up 1.2% over the last week, with the Financials sector leading the way, up 2.7%. As for the past 12 months, the market is up 8.8%. Earnings are forecast to grow by 4.9% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 May 2025د.إ3.9tد.إ1.0tد.إ242.9b12.7x15.9x3.8x
Fri, 04 Apr 2025د.إ3.7tد.إ1.0tد.إ237.8b12.7x15.6x3.7x
Sun, 02 Mar 2025د.إ3.7tد.إ992.7bد.إ235.8b13.2x15.7x3.7x
Tue, 28 Jan 2025د.إ3.7tد.إ936.0bد.إ237.6b13.4x15.6x4x
Thu, 26 Dec 2024د.إ3.7tد.إ928.2bد.إ235.9b13.1x15.5x3.9x
Sat, 23 Nov 2024د.إ3.4tد.إ894.5bد.إ231.6b13x14.8x3.8x
Mon, 21 Oct 2024د.إ3.5tد.إ848.5bد.إ229.7b13.3x15.1x4.1x
Wed, 18 Sep 2024د.إ3.5tد.إ827.4bد.إ226.3b13.5x15.3x4.2x
Fri, 16 Aug 2024د.إ3.4tد.إ834.2bد.إ229.1b13.6x14.7x4x
Sun, 14 Jul 2024د.إ3.3tد.إ787.6bد.إ216.3b13.2x15.4x4.2x
Tue, 11 Jun 2024د.إ3.2tد.إ781.8bد.إ214.8b13.1x15x4.1x
Thu, 09 May 2024د.إ3.3tد.إ770.0bد.إ223.7b14.1x14.9x4.3x
Sat, 06 Apr 2024د.إ3.4tد.إ738.0bد.إ221.2b14.1x15.3x4.6x
Mon, 04 Mar 2024د.إ3.4tد.إ740.3bد.إ220.8b15.3x15.3x4.6x
Wed, 31 Jan 2024د.إ3.4tد.إ660.3bد.إ190.5b15.4x17.9x5.2x
Fri, 29 Dec 2023د.إ3.4tد.إ653.9bد.إ188.1b15.1x18.2x5.2x
Sun, 26 Nov 2023د.إ3.4tد.إ650.0bد.إ187.3b15.5x17.9x5.2x
Tue, 24 Oct 2023د.إ3.2tد.إ629.2bد.إ182.4b14.3x17.7x5.1x
Thu, 21 Sep 2023د.إ3.5tد.إ616.4bد.إ187.5b16x18.7x5.7x
Sat, 19 Aug 2023د.إ3.5tد.إ616.7bد.إ187.4b16x18.6x5.6x
Mon, 17 Jul 2023د.إ3.4tد.إ601.8bد.إ182.5b16.2x18.7x5.7x
Wed, 14 Jun 2023د.إ3.3tد.إ664.3bد.إ195.5b15.3x16.8x4.9x
Fri, 12 May 2023د.إ3.3tد.إ656.4bد.إ183.5b16x18.2x5.1x
Sun, 09 Apr 2023د.إ3.2tد.إ642.3bد.إ176.2b15.5x18.4x5x
Tue, 07 Mar 2023د.إ3.1tد.إ569.4bد.إ160.9b14.3x19.2x5.4x
Thu, 02 Feb 2023د.إ3.0tد.إ559.9bد.إ153.6b13.1x19.8x5.4x
Sat, 31 Dec 2022د.إ3.1tد.إ554.4bد.إ153.4b14x20.4x5.7x
Mon, 28 Nov 2022د.إ3.0tد.إ545.2bد.إ152.4b13.3x20x5.6x
Wed, 26 Oct 2022د.إ2.8tد.إ513.4bد.إ130.4b13.8x21.5x5.5x
Fri, 23 Sep 2022د.إ2.8tد.إ509.2bد.إ129.9b14.8x21.4x5.5x
Sun, 21 Aug 2022د.إ2.6tد.إ508.3bد.إ128.1b15.2x20.5x5.2x
Tue, 19 Jul 2022د.إ2.4tد.إ479.8bد.إ114.7b15.1x21x5x
Thu, 16 Jun 2022د.إ2.5tد.إ478.1bد.إ115.0b15.3x21.6x5.2x
Sat, 14 May 2022د.إ2.3tد.إ442.2bد.إ105.8b15.5x22.1x5.3x
Price to Earnings Ratio

22.1x


Total Market Cap: د.إ2.3tTotal Earnings: د.إ105.8bTotal Revenue: د.إ442.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 17.7x202320242025
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 17.7x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 32% per year over the last three years.
  • Revenues for these companies have grown 32% 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 Market1.25%
Tech4.01%
Energy3.05%
Financials2.65%
Real Estate2.40%
Materials1.09%
Industrials0.66%
Consumer Discretionary-0.10%
Healthcare-0.13%
Utilities-0.38%
Consumer Staples-0.67%
Telecom-0.71%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 25.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 6.2% which is higher than its past year's earnings decline of 7.4% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • 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
FAB First Abu Dhabi Bank P.J.S.Cد.إ15.664.3%
+د.إ7.1b
24.3%PB1.4xFinancials
EMIRATESNBD Emirates NBD Bank PJSCد.إ21.655.4%
+د.إ6.9b
27.7%PB1.1xFinancials
ADNOCGAS ADNOC Gasد.إ3.262.8%
+د.إ6.9b
9.0%PE13.4xEnergy
EMAAR Emaar Properties PJSCد.إ13.603.8%
+د.إ4.4b
66.1%PE8.9xReal Estate
ADNOCDRILL ADNOC Drilling Company P.J.S.Cد.إ5.134.7%
+د.إ3.7b
32.9%PE17.1xEnergy
See more
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Market Insights

The level of uncertainty has been off the charts lately. That’s why we’ve been talking about defensive strategies over the last few weeks. Playing defense is one way to take on an uncertain future...

Latest News

ADNOCLS

د.إ4.70

ADNOC Logistics & Services

7D

-3.1%

1Y

18.4%

ADNOCGAS

د.إ3.26

ADNOC Gas

7D

2.8%

1Y

9.0%

ADIB

د.إ19.10

Abu Dhabi Islamic Bank PJSC

7D

4.4%

1Y

58.6%

DEWA

د.إ2.63

Dubai Electricity and Water Authority (PJSC)

7D

-1.9%

1Y

11.4%

ADNOCDRILL

د.إ5.13

ADNOC Drilling Company P.J.S.C

7D

4.7%

1Y

32.9%

CBD

د.إ8.55

Commercial Bank of Dubai PSC

7D

-6.8%

1Y

29.7%

FAB

د.إ15.66

First Abu Dhabi Bank P.J.S.C

7D

4.3%

1Y

24.3%

EMIRATESNBD

د.إ21.65

Emirates NBD Bank PJSC

7D

5.4%

1Y

27.7%

EIB

د.إ11.50

Emirates Islamic Bank PJSC

7D

-6.1%

1Y

n/a

TAQA

د.إ3.12

Abu Dhabi National Energy Company PJSC

7D

-1.6%

1Y

6.1%

MODON

د.إ3.18

Modon Holding PSC

7D

4.3%

1Y

6.4%