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Emirati (ADX) Market Analysis & Valuation

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies149
  • 7D-0.8%
  • 3M6.1%
  • 1Y17.1%
  • YTD8.2%

The market has been flat in the last week, however the Information Technology sector is down 3.6%. As for the longer term, the market has risen 17% in the past 12 months. Earnings are forecast to grow by 6.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025د.إ4.0tد.إ1.1tد.إ239.4b13.1x16.7x3.7x
Fri, 18 Jul 2025د.إ4.0tد.إ1.0tد.إ240.7b13.3x16.6x3.8x
Sun, 15 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.1x15.7x3.6x
Tue, 13 May 2025د.إ3.9tد.إ1.0tد.إ239.9b12.7x16.1x3.7x
Thu, 10 Apr 2025د.إ3.6tد.إ1.0tد.إ237.9b12.6x15.3x3.6x
Sat, 08 Mar 2025د.إ3.7tد.إ996.8bد.إ236.9b13x15.5x3.7x
Mon, 03 Feb 2025د.إ3.7tد.إ938.1bد.إ237.4b13.2x15.6x3.9x
Wed, 01 Jan 2025د.إ3.7tد.إ928.2bد.إ235.8b13.5x15.8x4x
Fri, 29 Nov 2024د.إ3.5tد.إ922.4bد.إ232.5b13.2x14.9x3.8x
Sun, 27 Oct 2024د.إ3.4tد.إ861.9bد.إ231.3b13.6x14.9x4x
Tue, 24 Sep 2024د.إ3.5tد.إ848.7bد.إ228.7b13.5x15.2x4.1x
Thu, 22 Aug 2024د.إ3.4tد.إ834.1bد.إ229.0b13.6x14.8x4.1x
Sat, 20 Jul 2024د.إ3.4tد.إ787.8bد.إ216.5b13.3x15.5x4.3x
Mon, 17 Jun 2024د.إ3.3tد.إ781.8bد.إ214.9b13.2x15.2x4.2x
Wed, 15 May 2024د.إ3.3tد.إ776.4bد.إ223.9b13.9x14.9x4.3x
Fri, 12 Apr 2024د.إ3.4tد.إ736.4bد.إ220.9b14.1x15.3x4.6x
Sun, 10 Mar 2024د.إ3.4tد.إ738.2bد.إ221.1b14.9x15.4x4.6x
Tue, 06 Feb 2024د.إ3.4tد.إ653.2bد.إ192.1b16.1x17.7x5.2x
Thu, 04 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.4x18.4x5.3x
Sat, 02 Dec 2023د.إ3.3tد.إ649.5bد.إ187.3b15.5x17.8x5.1x
Mon, 30 Oct 2023د.إ3.2tد.إ638.7bد.إ186.8b14.9x17.3x5.1x
Wed, 27 Sep 2023د.إ3.5tد.إ616.3bد.إ187.5b16.1x18.7x5.7x
Fri, 25 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16.1x18.6x5.7x
Sun, 23 Jul 2023د.إ3.4tد.إ603.8bد.إ184.3b16.2x18.6x5.7x
Tue, 20 Jun 2023د.إ3.3tد.إ664.5bد.إ195.4b15.6x16.9x5x
Thu, 18 May 2023د.إ3.3tد.إ663.5bد.إ195.2b16.3x16.8x4.9x
Sat, 15 Apr 2023د.إ3.3tد.إ642.8bد.إ176.8b15.5x18.5x5.1x
Mon, 13 Mar 2023د.إ3.1tد.إ575.2bد.إ159.1b14.4x19.4x5.4x
Wed, 08 Feb 2023د.إ3.1tد.إ563.5bد.إ154.3b13.4x19.8x5.4x
Fri, 06 Jan 2023د.إ3.2tد.إ554.4bد.إ153.4b13.8x20.6x5.7x
Sun, 04 Dec 2022د.إ3.2tد.إ545.2bد.إ152.4b13.5x20.8x5.8x
Tue, 01 Nov 2022د.إ2.9tد.إ519.3bد.إ133.8b13.7x21.8x5.6x
Thu, 29 Sep 2022د.إ2.7tد.إ509.2bد.إ129.9b14.1x20.9x5.3x
Sat, 27 Aug 2022د.إ2.6tد.إ508.3bد.إ130.3b15.2x20.1x5.2x
Price to Earnings Ratio

20.1x


Total Market Cap: د.إ2.6tTotal Earnings: د.إ130.3bTotal Revenue: د.إ508.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 17.2x202320242025
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 17.2x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 22% 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-0.77%
Energy0.37%
Consumer Discretionary0.076%
Industrials-0.29%
Telecom-0.57%
Materials-0.58%
Utilities-1.09%
Real Estate-1.35%
Financials-1.42%
Healthcare-2.73%
Consumer Staples-3.19%
Tech-3.60%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.7% which is higher than its past year's earnings decline of 2.9% 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 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 22% 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
SALIK Salik Company P.J.S.Cد.إ6.704.4%
+د.إ2.1b		97.1%PE36.1xIndustrials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.771.1%
+د.إ1.5b		14.5%PE19.1xUtilities
EMIRATESNBD Emirates NBD Bank PJSCد.إ26.300.8%
+د.إ1.3b		33.2%PB1.2xFinancials
ADNOCLS ADNOC Logistics & Servicesد.إ5.322.9%
+د.إ1.1b		7.5%PE14xEnergy
CBD Commercial Bank of Dubai PSCد.إ10.303.0%
+د.إ895.6m		56.5%PB1.7xFinancials
See more

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