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Emirati (ADX) Market Analysis & Valuation

UpdatedMay 20, 2025
DataAggregated Company Financials
Companies154
  • 7D1.0%
  • 3M-0.4%
  • 1Y10.3%
  • YTD1.8%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 9.9%. Meanwhile, the market is actually up 10% over the past year. Looking forward, earnings are forecast to grow by 5.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 May 2025د.إ3.9tد.إ1.0tد.إ239.9b12.7x16.3x3.8x
Thu, 17 Apr 2025د.إ3.7tد.إ1.0tد.إ238.0b12.7x15.6x3.7x
Sat, 15 Mar 2025د.إ3.6tد.إ998.2bد.إ237.0b13.3x15.4x3.7x
Mon, 10 Feb 2025د.إ3.7tد.إ942.8bد.إ241.0b13.1x15.5x4x
Wed, 08 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.6x15.6x4x
Fri, 06 Dec 2024د.إ3.5tد.إ923.4bد.إ232.9b13x15x3.8x
Sun, 03 Nov 2024د.إ3.5tد.إ879.7bد.إ235.6b13.1x14.8x4x
Tue, 01 Oct 2024د.إ3.5tد.إ848.7bد.إ228.7b13.5x15.4x4.2x
Thu, 29 Aug 2024د.إ3.4tد.إ834.1bد.إ228.6b13.5x14.8x4.1x
Sat, 27 Jul 2024د.إ3.4tد.إ793.9bد.إ218.3b13.3x15.5x4.3x
Mon, 24 Jun 2024د.إ3.3tد.إ781.8bد.إ214.8b13.1x15.3x4.2x
Wed, 22 May 2024د.إ3.3tد.إ781.8bد.إ214.8b13.1x15.4x4.2x
Fri, 19 Apr 2024د.إ3.4tد.إ752.3bد.إ222.1b14.1x15.2x4.5x
Sun, 17 Mar 2024د.إ3.4tد.إ739.0bد.إ221.9b14.7x15.4x4.6x
Tue, 13 Feb 2024د.إ3.4tد.إ660.8bد.إ187.9b15.5x17.9x5.1x
Thu, 11 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.7x18.5x5.3x
Sat, 09 Dec 2023د.إ3.3tد.إ651.1bد.إ187.6b15.2x17.6x5.1x
Mon, 06 Nov 2023د.إ3.3tد.إ646.2bد.إ189.8b14.9x17.6x5.2x
Wed, 04 Oct 2023د.إ3.5tد.إ626.9bد.إ189.7b16x18.4x5.6x
Fri, 01 Sep 2023د.إ3.5tد.إ616.6bد.إ187.4b15.8x18.6x5.6x
Sun, 30 Jul 2023د.إ3.4tد.إ613.1bد.إ188.0b16.4x18.3x5.6x
Tue, 27 Jun 2023د.إ3.4tد.إ664.1bد.إ195.4b16.1x17.2x5.1x
Thu, 25 May 2023د.إ3.3tد.إ663.9bد.إ195.2b15.5x16.7x4.9x
Sat, 22 Apr 2023د.إ3.3tد.إ643.8bد.إ177.3b15.4x18.7x5.1x
Mon, 20 Mar 2023د.إ3.2tد.إ640.7bد.إ177.4b14.8x18.3x5.1x
Wed, 15 Feb 2023د.إ3.1tد.إ567.6bد.إ162.4b14x18.9x5.4x
Fri, 13 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b14.2x20.4x5.6x
Sun, 11 Dec 2022د.إ3.1tد.إ545.6bد.إ152.3b13.3x20.7x5.8x
Tue, 08 Nov 2022د.إ3.1tد.إ528.9bد.إ143.3b14.5x21.4x5.8x
Thu, 06 Oct 2022د.إ2.7tد.إ509.2bد.إ129.9b14.3x21.2x5.4x
Sat, 03 Sep 2022د.إ2.6tد.إ508.6bد.إ130.6b15.2x19.8x5.1x
Mon, 01 Aug 2022د.إ2.5tد.إ483.4bد.إ117.6b15.1x21.4x5.2x
Wed, 29 Jun 2022د.إ2.5tد.إ475.6bد.إ114.2b15.4x21.5x5.2x
Fri, 27 May 2022د.إ2.4tد.إ455.4bد.إ109.4b15.1x21.7x5.2x
Price to Earnings Ratio

21.7x


Total Market Cap: د.إ2.4tTotal Earnings: د.إ109.4bTotal Revenue: د.إ455.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 17.6x202320242025
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 17.6x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 30% 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 Market0.99%
Tech9.95%
Consumer Discretionary2.56%
Financials2.23%
Telecom0.93%
Industrials0.71%
Real Estate0.42%
Energy0.38%
Utilities0.24%
Healthcare0.18%
Materials0.15%
Consumer Staples-3.69%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.4% which is higher than its past year's earnings decline of 2.7% 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 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 20% 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
EMIRATESNBD Emirates NBD Bank PJSCد.إ23.107.4%
+د.إ10.1b
40.0%PB1.2xFinancials
FAB First Abu Dhabi Bank P.J.S.Cد.إ16.385.8%
+د.إ9.9b
35.8%PB1.4xFinancials
ALPHADHABI Alpha Dhabi Holding PJSCد.إ11.405.4%
+د.إ5.8b
-13.0%PE19.4xIndustrials
ADCB Abu Dhabi Commercial Bank PJSCد.إ12.404.0%
+د.إ3.5b
54.8%PB1.2xFinancials
IHC International Holding Company PJSCد.إ402.100.2%
+د.إ2.2b
0.6%PE70.4xIndustrials
See more
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ALDAR

د.إ8.33

Aldar Properties PJSC

7D

-1.2%

1Y

37.0%

ADNOCDRILL

د.إ5.28

ADNOC Drilling Company P.J.S.C

7D

-3.3%

1Y

22.8%

ALPHADHABI

د.إ11.40

Alpha Dhabi Holding PJSC

7D

5.4%

1Y

-13.0%

ADIB

د.إ19.20

Abu Dhabi Islamic Bank PJSC

7D

-4.0%

1Y

60.0%

BOROUGE

د.إ2.52

Borouge

7D

-1.2%

1Y

3.7%

FAB

د.إ16.38

First Abu Dhabi Bank P.J.S.C

7D

5.8%

1Y

35.8%

ADCB

د.إ12.40

Abu Dhabi Commercial Bank PJSC

7D

4.0%

1Y

54.8%

DIB

د.إ8.02

Dubai Islamic Bank P.J.S.C

7D

2.6%

1Y

43.2%

EMIRATESNBD

د.إ23.10

Emirates NBD Bank PJSC

7D

7.4%

1Y

40.0%