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Emirati (ADX) Market Analysis & Valuation

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies149
  • 7D-1.7%
  • 3M-0.09%
  • 1Y8.7%
  • YTD5.0%

Over the last 7 days, the market has dropped 1.7%, driven by a decline of 4.2% in the Financials sector. As for the longer term, the market has actually risen by 8.7% in the last year. 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
Sat, 27 Sep 2025د.إ3.8tد.إ1.1tد.إ240.5b12.2x16x3.5x
Mon, 25 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.3x16.7x3.7x
Wed, 23 Jul 2025د.إ4.0tد.إ1.0tد.إ240.9b13.3x16.5x3.8x
Fri, 20 Jun 2025د.إ3.7tد.إ1.0tد.إ240.3b12x15.4x3.6x
Sun, 18 May 2025د.إ3.9tد.إ1.0tد.إ239.9b12.7x16.2x3.7x
Tue, 15 Apr 2025د.إ3.7tد.إ1.0tد.إ237.9b12.6x15.6x3.7x
Thu, 13 Mar 2025د.إ3.6tد.إ997.6bد.إ236.9b12.9x15.4x3.7x
Sat, 08 Feb 2025د.إ3.7tد.إ942.6bد.إ241.0b13.5x15.5x4x
Mon, 06 Jan 2025د.إ3.7tد.إ928.2bد.إ235.9b13.5x15.5x3.9x
Wed, 04 Dec 2024د.إ3.5tد.إ922.6bد.إ232.5b13.1x14.9x3.8x
Fri, 01 Nov 2024د.إ3.5tد.إ869.1bد.إ232.8b13.6x15x4x
Sun, 29 Sep 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.3x4.1x
Tue, 27 Aug 2024د.إ3.4tد.إ834.1bد.إ228.6b13.6x14.9x4.1x
Thu, 25 Jul 2024د.إ3.4tد.إ790.9bد.إ217.9b13.3x15.5x4.3x
Sat, 22 Jun 2024د.إ3.3tد.إ781.8bد.إ214.8b13.1x15.3x4.2x
Mon, 20 May 2024د.إ3.3tد.إ781.7bد.إ214.7b13.2x15.4x4.2x
Wed, 17 Apr 2024د.إ3.4tد.إ751.8bد.إ221.9b14.2x15.3x4.5x
Fri, 15 Mar 2024د.إ3.4tد.إ739.0bد.إ221.9b14.7x15.4x4.6x
Sun, 11 Feb 2024د.إ3.4tد.إ658.7bد.إ185.7b15.6x18.2x5.1x
Tue, 09 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.5x18.4x5.3x
Thu, 07 Dec 2023د.إ3.3tد.إ651.4bد.إ187.7b15.2x17.8x5.1x
Sat, 04 Nov 2023د.إ3.3tد.إ645.6bد.إ189.8b14.9x17.6x5.2x
Mon, 02 Oct 2023د.إ3.5tد.إ626.9bد.إ189.7b16.2x18.4x5.6x
Wed, 30 Aug 2023د.إ3.5tد.إ616.6bد.إ187.4b15.9x18.5x5.6x
Fri, 28 Jul 2023د.إ3.4tد.إ606.2bد.إ184.1b16.3x18.7x5.7x
Sun, 25 Jun 2023د.إ3.3tد.إ664.4bد.إ195.4b15.6x17.1x5x
Tue, 23 May 2023د.إ3.3tد.إ663.9bد.إ195.2b15.5x16.7x4.9x
Thu, 20 Apr 2023د.إ3.3tد.إ643.5bد.إ176.9b15.4x18.7x5.1x
Sat, 18 Mar 2023د.إ3.2tد.إ640.7bد.إ177.4b14.8x18.3x5.1x
Mon, 13 Feb 2023د.إ3.1tد.إ567.5bد.إ162.1b13.8x18.9x5.4x
Wed, 11 Jan 2023د.إ3.1tد.إ554.4bد.إ153.4b13.7x20.5x5.7x
Fri, 09 Dec 2022د.إ3.2tد.إ545.6bد.إ152.3b13.3x20.8x5.8x
Sun, 06 Nov 2022د.إ3.0tد.إ528.9bد.إ143.4b14x21.1x5.7x
Tue, 04 Oct 2022د.إ2.7tد.إ509.2bد.إ129.9b13.8x20.8x5.3x
Price to Earnings Ratio

20.8x


Total Market Cap: د.إ2.7tTotal Earnings: د.إ129.9bTotal Revenue: د.إ509.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 17x202320242025
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 17.0x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 29% 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-1.72%
Telecom0.30%
Energy-0.30%
Industrials-0.50%
Materials-0.64%
Utilities-0.92%
Consumer Discretionary-2.17%
Healthcare-2.78%
Financials-4.18%
Real Estate-4.30%
Tech-5.14%
Consumer Staples-5.72%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.6% 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 below its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 18% 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
ADNOCGAS ADNOC Gasد.إ3.583.2%
+د.إ8.4b		12.9%PE14.2xEnergy
ALPHADHABI Alpha Dhabi Holding PJSCد.إ10.562.5%
+د.إ2.6b		-9.0%PE13.5xIndustrials
NBF National Bank of Fujairah PJSCد.إ4.0014.3%
+د.إ1.3b		-22.3%PB1.4xFinancials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.730.7%
+د.إ1.0b		7.1%PE18.8xUtilities
ADNOCLS ADNOC Logistics & Servicesد.إ5.791.9%
+د.إ813.7m		7.8%PE15.3xEnergy
See more

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