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Emirati (ADX) Market Analysis & Valuation

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies150
  • 7D-0.3%
  • 3M-1.5%
  • 1Y4.4%
  • YTD0.07%

In the last week, the market has been flat, with a notable exception in the Consumer Staples sector dropping 4.6%. As for the longer term, the market has risen 4.4% in the past 12 months. As for the next few years, earnings are expected to grow by 5.7% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026د.إ3.9tد.إ1.1tد.إ255.0b11.7x15.2x3.4x
Sun, 14 Dec 2025د.إ3.9tد.إ1.1tد.إ255.2b11.8x15.3x3.4x
Tue, 11 Nov 2025د.إ3.9tد.إ1.1tد.إ248.5b11.9x15.6x3.4x
Thu, 09 Oct 2025د.إ3.9tد.إ1.1tد.إ240.6b12.3x16.3x3.6x
Sat, 06 Sep 2025د.إ3.9tد.إ1.1tد.إ239.4b12.8x16.5x3.7x
Mon, 04 Aug 2025د.إ4.0tد.إ1.1tد.إ238.2b13.3x16.9x3.8x
Wed, 02 Jul 2025د.إ3.9tد.إ1.0tد.إ240.2b12.9x16.2x3.7x
Fri, 30 May 2025د.إ3.8tد.إ1.0tد.إ240.4b12.6x15.9x3.7x
Sun, 27 Apr 2025د.إ3.8tد.إ1.0tد.إ235.7b12.7x16x3.8x
Tue, 25 Mar 2025د.إ3.6tد.إ997.6bد.إ237.5b12.9x15.3x3.6x
Thu, 20 Feb 2025د.إ3.8tد.إ953.1bد.إ244.3b13.3x15.4x3.9x
Sat, 18 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b14x15.7x4x
Mon, 16 Dec 2024د.إ3.6tد.إ928.2bد.إ235.9b12.7x15.1x3.8x
Wed, 13 Nov 2024د.إ3.5tد.إ890.4bد.إ230.9b13.6x15.2x3.9x
Fri, 11 Oct 2024د.إ3.5tد.إ847.9bد.إ228.6b13.5x15.2x4.1x
Sun, 08 Sep 2024د.إ3.4tد.إ834.2bد.إ228.7b13.7x15x4.1x
Tue, 06 Aug 2024د.إ3.2tد.إ808.8bد.إ225.6b13.1x14.4x4x
Thu, 04 Jul 2024د.إ3.3tد.إ786.5bد.إ216.1b13.5x15.3x4.2x
Sat, 01 Jun 2024د.إ3.2tد.إ781.6bد.إ215.0b12.9x14.9x4.1x
Mon, 29 Apr 2024د.إ3.3tد.إ757.1bد.إ224.5b14.1x14.7x4.4x
Wed, 27 Mar 2024د.إ3.4tد.إ739.6bد.إ221.4b15.1x15.6x4.7x
Fri, 23 Feb 2024د.إ3.4tد.إ738.9bد.إ206.4b15.4x16.3x4.6x
Sun, 21 Jan 2024د.إ3.5tد.إ654.7bد.إ188.0b15.8x18.4x5.3x
Tue, 19 Dec 2023د.إ3.3tد.إ653.9bد.إ188.1b15.2x17.8x5.1x
Thu, 16 Nov 2023د.إ3.3tد.إ645.3bد.إ187.2b14.9x17.9x5.2x
Sat, 14 Oct 2023د.إ3.3tد.إ627.5bد.إ190.3b15.3x17.5x5.3x
Mon, 11 Sep 2023د.إ3.5tد.إ616.4bد.إ187.4b15.5x18.4x5.6x
Wed, 09 Aug 2023د.إ3.5tد.إ615.8bد.إ188.5b16.6x18.7x5.7x
Fri, 07 Jul 2023د.إ3.4tد.إ601.5bد.إ182.2b16.2x18.7x5.7x
Sun, 04 Jun 2023د.إ3.2tد.إ664.3bد.إ195.5b15.3x16.6x4.9x
Tue, 02 May 2023د.إ3.3tد.إ648.9bد.إ179.9b15.4x18.6x5.2x
Thu, 30 Mar 2023د.إ3.2tد.إ642.0bد.إ177.5b15.2x18.2x5x
Sat, 25 Feb 2023د.إ3.0tد.إ563.3bد.إ161.3b13.5x18.9x5.4x
Mon, 23 Jan 2023د.إ3.1tد.إ554.3bد.إ153.3b13.6x20.4x5.7x
Price to Earnings Ratio

20.4x


Total Market Cap: د.إ3.1tTotal Earnings: د.إ153.3bTotal Revenue: د.إ554.3bTotal 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 Market-0.30%
Tech2.36%
Telecom1.97%
Financials1.19%
Consumer Discretionary0.51%
Energy0.48%
Industrials-0.27%
Materials-1.13%
Real Estate-2.07%
Utilities-2.71%
Healthcare-3.98%
Consumer Staples-4.62%
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
ADNOCGAS ADNOC Gasد.إ3.533.2%
+د.إ8.4b		1.7%PE13.7xEnergy
EAND Emirates Telecommunications Group Company PJSCد.إ19.304.2%
+د.إ6.8b		18.0%PE11.9xTelecom
EMIRATESNBD Emirates NBD Bank PJSCد.إ30.303.2%
+د.إ6.0b		36.2%PB1.4xFinancials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.974.2%
+د.إ6.0b		12.1%PE18.5xUtilities
FAB First Abu Dhabi Bank P.J.S.Cد.إ18.062.3%
+د.إ4.4b		26.3%PB1.4xFinancials
See more

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