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Emirati (ADX) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies150
  • 7D-1.7%
  • 3M-3.1%
  • 1Y7.6%
  • YTD4.6%

Over the last 7 days, the market has dropped 1.7%, driven by pullbacks in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 7.6% over the past year. Looking forward, earnings are forecast to grow by 6.2% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025د.إ3.9tد.إ1.1tد.إ251.2b11.7x15.3x3.4x
Mon, 13 Oct 2025د.إ3.9tد.إ1.1tد.إ240.6b12.4x16.2x3.6x
Wed, 10 Sep 2025د.إ3.9tد.إ1.1tد.إ236.4b12.7x16.3x3.6x
Fri, 08 Aug 2025د.إ4.0tد.إ1.1tد.إ242.6b13.4x16.6x3.8x
Sun, 06 Jul 2025د.إ3.9tد.إ1.0tد.إ240.2b12.9x16.2x3.7x
Tue, 03 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.6x15.8x3.6x
Thu, 01 May 2025د.إ3.8tد.إ1.0tد.إ241.9b12.9x15.8x3.8x
Sat, 29 Mar 2025د.إ3.7tد.إ1.0tد.إ237.9b13.1x15.5x3.7x
Mon, 24 Feb 2025د.إ3.7tد.إ964.4bد.إ245.5b13.1x15.2x3.9x
Wed, 22 Jan 2025د.إ3.7tد.إ935.6bد.إ237.3b14x15.6x4x
Fri, 20 Dec 2024د.إ3.6tد.إ928.2bد.إ235.9b12.6x15.3x3.9x
Sun, 17 Nov 2024د.إ3.5tد.إ894.3bد.إ230.6b13x15.1x3.9x
Tue, 15 Oct 2024د.إ3.5tد.إ847.1bد.إ228.2b13.3x15.1x4.1x
Thu, 12 Sep 2024د.إ3.4tد.إ849.4bد.إ229.1b13.6x14.9x4x
Sat, 10 Aug 2024د.إ3.4tد.إ826.0bد.إ228.1b13.1x14.7x4.1x
Mon, 08 Jul 2024د.إ3.3tد.إ786.6bد.إ216.1b13.3x15.4x4.2x
Wed, 05 Jun 2024د.إ3.2tد.إ781.6bد.إ215.0b13.1x15x4.1x
Fri, 03 May 2024د.إ3.3tد.إ762.5bد.إ228.9b13.9x14.3x4.3x
Sun, 31 Mar 2024د.إ3.4tد.إ737.6bد.إ221.6b14.4x15.3x4.6x
Tue, 27 Feb 2024د.إ3.3tد.إ739.0bد.إ206.4b15.5x16.2x4.5x
Thu, 25 Jan 2024د.إ3.5tد.إ656.3bد.إ189.5b15.9x18.2x5.3x
Sat, 23 Dec 2023د.إ3.4tد.إ653.9bد.إ188.1b15.1x18.1x5.2x
Mon, 20 Nov 2023د.إ3.4tد.إ650.1bد.إ187.4b14.9x17.9x5.2x
Wed, 18 Oct 2023د.إ3.3tد.إ627.5bد.إ190.3b14.8x17.5x5.3x
Fri, 15 Sep 2023د.إ3.5tد.إ616.4bد.إ187.4b15.5x18.5x5.6x
Sun, 13 Aug 2023د.إ3.5tد.إ613.4bد.إ187.6b15.7x18.7x5.7x
Tue, 11 Jul 2023د.إ3.4tد.إ601.5bد.إ182.2b16.2x18.6x5.6x
Thu, 08 Jun 2023د.إ3.3tد.إ664.3bد.إ195.5b15.6x16.6x4.9x
Sat, 06 May 2023د.إ3.4tد.إ651.2bد.إ179.5b15.7x18.7x5.2x
Mon, 03 Apr 2023د.إ3.3tد.إ642.3bد.إ176.2b15x18.5x5.1x
Wed, 01 Mar 2023د.إ3.0tد.إ563.4bد.إ161.3b14.1x18.8x5.4x
Fri, 27 Jan 2023د.إ3.1tد.إ555.4bد.إ152.1b13.1x20.4x5.6x
Sun, 25 Dec 2022د.إ3.1tد.إ554.4bد.إ153.2b13.8x20.5x5.7x
Tue, 22 Nov 2022د.إ3.0tد.إ543.2bد.إ151.7b13.5x20x5.6x
Price to Earnings Ratio

20x


Total Market Cap: د.إ3.0tTotal Earnings: د.إ151.7bTotal Revenue: د.إ543.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.8x202320242025
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 16.8x.
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 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-1.71%
Consumer Discretionary-0.28%
Materials-0.29%
Industrials-0.94%
Utilities-0.96%
Real Estate-1.09%
Energy-1.92%
Financials-2.89%
Telecom-2.93%
Consumer Staples-4.14%
Healthcare-4.42%
Tech-15.45%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 3.2%, which is lower than the prior year's growth of 7.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 27% 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
EMAAR Emaar Properties PJSCد.إ13.801.5%
+د.إ1.8b		49.0%PE7.4xReal Estate
ADNOCDIST Abu Dhabi National Oil Company for Distribution PJSCد.إ3.803.8%
+د.إ1.8b		7.0%PE17.5xConsumer Discretionary
MASQ Mashreqbank PSCد.إ242.002.1%
+د.إ1.0b		3.4%PB1.3xFinancials
EMAARDEV Emaar Development PJSCد.إ14.951.0%
+د.إ600.0m		31.7%PE5.9xReal Estate
LULU Lulu Retail Holdingsد.إ1.214.3%
+د.إ516.4m		-40.4%PE14.9xConsumer Staples
See more

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FERTIGLB
د.إ2.46
Fertiglobe
7D
1.7%
1Y
-3.1%
EMAAR
د.إ13.80
Emaar Properties PJSC
7D
1.5%
1Y
49.0%
EMAARDEV
د.إ14.95
Emaar Development PJSC
7D
1.0%
1Y
31.7%
AGILITY
د.إ1.17
Agility Global
7D
3.5%
1Y
-12.7%
PRESIGHT
د.إ2.83
Presight AI Holding
7D
-19.8%
1Y
23.0%
LULU
د.إ1.21
Lulu Retail Holdings
7D
4.3%
1Y
-40.4%
ADNOCDRILL
د.إ5.41
ADNOC Drilling Company P.J.S.C
7D
-4.2%
1Y
3.2%

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ALDAR
د.إ8.65
Aldar Properties PJSC
7D
-7.3%
1Y
11.8%

ALDAR: Major Abu Dhabi Developments Will Drive Strong Sales Through 2025

Analysts have raised their price target for Aldar Properties PJSC from AED 11.22 to AED 11.27. This change reflects updated expectations for future profitability and slightly improved margin forecasts.
EMIRATESNBD
د.إ25.60
Emirates NBD Bank PJSC
7D
-7.9%
1Y
32.6%

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PARKIN
د.إ5.90
Parkin Company P.J.S.C
7D
2.6%
1Y
45.0%
MASQ
د.إ242.00
Mashreqbank PSC
7D
2.1%
1Y
3.4%
EAND
د.إ18.50
Emirates Telecommunications Group Company PJSC
7D
-3.4%
1Y
6.3%
ADNOCDIST
د.إ3.80
Abu Dhabi National Oil Company for Distribution PJSC
7D
3.8%
1Y
7.0%
MODON
د.إ3.33
Modon Holding PSC
7D
-8.0%
1Y
-7.5%
MULTIPLY
د.إ2.59
Multiply Group PJSC
7D
-10.1%
1Y
15.6%
FAB
د.إ17.06
First Abu Dhabi Bank P.J.S.C
7D
-2.3%
1Y
28.5%