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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMay 29, 2025
DataAggregated Company Financials
Companies368
  • 7D-2.4%
  • 3M-7.3%
  • 1Y-10.8%
  • YTD-9.3%

Over the last 7 days, the market has dropped 2.4%, driven by losses in every sector, especially the Energy sector. In the last 12 months the market is down 11%. Earnings are forecast to grow by 6.8% annually.

Market Valuation and Performance

Has the Saudi Arabian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 May 2025ر.س9.3tر.س2.9tر.س542.1b21.7x17.2x3.2x
Sat, 26 Apr 2025ر.س9.7tر.س2.9tر.س544.8b22.4x17.7x3.4x
Mon, 24 Mar 2025ر.س9.6tر.س2.9tر.س543.6b22.6x17.7x3.4x
Wed, 19 Feb 2025ر.س10.2tر.س2.9tر.س555.7b24.1x18.4x3.6x
Fri, 17 Jan 2025ر.س10.3tر.س2.9tر.س552.2b24x18.7x3.6x
Sun, 15 Dec 2024ر.س10.4tر.س2.9tر.س552.1b23.7x18.8x3.6x
Tue, 12 Nov 2024ر.س10.3tر.س2.9tر.س550.7b24.3x18.7x3.6x
Thu, 10 Oct 2024ر.س10.0tر.س2.9tر.س571.7b24.5x17.5x3.5x
Sat, 07 Sep 2024ر.س10.1tر.س2.9tر.س571.1b25.5x17.8x3.6x
Mon, 05 Aug 2024ر.س10.1tر.س2.8tر.س568.5b25.4x17.8x3.6x
Wed, 03 Jul 2024ر.س10.1tر.س2.8tر.س567.3b25.7x17.8x3.6x
Fri, 31 May 2024ر.س10.2tر.س2.8tر.س566.5b25.4x18.1x3.7x
Sun, 28 Apr 2024ر.س10.8tر.س2.8tر.س578.0b27.4x18.6x3.8x
Tue, 26 Mar 2024ر.س11.1tر.س2.8tر.س577.3b28.3x19.3x4x
Thu, 22 Feb 2024ر.س11.2tر.س2.9tر.س605.7b26.8x18.6x3.9x
Sat, 20 Jan 2024ر.س11.0tر.س2.9tر.س604.6b25.1x18.2x3.9x
Mon, 18 Dec 2023ر.س11.1tر.س2.8tر.س604.4b24.1x18.4x3.9x
Wed, 15 Nov 2023ر.س11.1tر.س2.9tر.س604.8b23.1x18.4x3.9x
Fri, 13 Oct 2023ر.س10.9tر.س3.0tر.س636.9b23.6x17.1x3.7x
Sun, 10 Sep 2023ر.س11.3tر.س3.0tر.س636.5b25.2x17.7x3.8x
Tue, 08 Aug 2023ر.س10.9tر.س3.2tر.س715.9b25.2x15.3x3.4x
Thu, 06 Jul 2023ر.س11.0tر.س3.2tر.س714.9b26x15.4x3.4x
Sat, 03 Jun 2023ر.س10.6tر.س3.2tر.س713.0b26x14.9x3.3x
Mon, 01 May 2023ر.س11.0tر.س3.3tر.س754.1b25x14.5x3.4x
Wed, 29 Mar 2023ر.س9.9tر.س3.2tر.س758.0b24x13.1x3x
Fri, 24 Feb 2023ر.س9.7tر.س3.2tر.س752.8b23.6x12.9x3x
Sun, 22 Jan 2023ر.س10.0tر.س3.2tر.س750.2b24x13.3x3.1x
Tue, 20 Dec 2022ر.س9.5tر.س3.2tر.س748.6b23.3x12.7x3x
Thu, 17 Nov 2022ر.س10.3tر.س3.2tر.س747.1b26x13.8x3.3x
Sat, 15 Oct 2022ر.س10.8tر.س2.9tر.س699.8b27x15.4x3.7x
Mon, 12 Sep 2022ر.س11.3tر.س2.9tر.س700.3b26.6x16.1x3.9x
Wed, 10 Aug 2022ر.س11.9tر.س2.6tر.س610.6b27.2x19.5x4.6x
Fri, 08 Jul 2022ر.س11.3tر.س2.6tر.س607.5b25.6x18.6x4.4x
Sun, 05 Jun 2022ر.س12.0tر.س2.6tر.س606.8b28.4x19.8x4.7x
Price to Earnings Ratio

19.8x


Total Market Cap: ر.س12.0tTotal Earnings: ر.س606.8bTotal Revenue: ر.س2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17x202320242025
Current Market PE
  • Investors are relatively neutral on the Saudi 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 Saudi listed companies have declined 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Saudi Arabian Market?

SA Market-2.37%
Consumer Staples-0.96%
Tech-1.42%
Materials-1.56%
Industrials-1.85%
Telecom-1.91%
Consumer Discretionary-2.07%
Financials-2.25%
Energy-2.49%
Utilities-2.49%
Healthcare-2.71%
Real Estate-4.35%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 93.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.3%, which is higher than its past year's earnings growth of 5.8% per year.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.4x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 5.8% per year.
  • In contrast, the Consumer Staples 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
7020 Etihad Etisalatر.س59.604.9%
+ر.س2.2b
27.5%PE14.2xTelecom
1010 Riyad Bankر.س29.052.5%
+ر.س2.1b
19.1%PB1.2xFinancials
2250 Saudi Industrial Investment Groupر.س16.5411.5%
+ر.س1.2b
-30.5%PE58.5xMaterials
4280 Kingdom Holdingر.س8.802.9%
+ر.س926.5m
26.6%PE22.1xFinancials
4190 Jarir Marketingر.س12.863.0%
+ر.س456.0m
1.1%PE15.9xConsumer Discretionary
See more
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Latest News

2082

ر.س259.00

ACWA Power

7D

-4.8%

1Y

-35.6%

7203

ر.س1,024.20

Elm

7D

-3.4%

1Y

28.5%

4280

ر.س8.80

Kingdom Holding

7D

2.9%

1Y

26.6%

4190

ر.س12.86

Jarir Marketing

7D

3.0%

1Y

1.1%

1150

ر.س25.85

Alinma Bank

7D

-5.3%

1Y

-15.5%

1010

ر.س29.05

Riyad Bank

7D

2.5%

1Y

19.1%

1120

ر.س91.10

Al Rajhi Banking and Investment

7D

-3.1%

1Y

19.7%

2250

ر.س16.54

Saudi Industrial Investment Group

7D

11.5%

1Y

-30.5%