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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies388
  • 7D0.4%
  • 3M4.2%
  • 1Y3.8%
  • YTD12.0%

The Information Technology sector gained 11% while the market remained flat over the last week. More promisingly, the market is up 3.8% over the past year. Looking forward, earnings are forecast to grow by 8.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026ر.س9.9tر.س2.8tر.س517.3b17.8x19.2x3.5x
Thu, 09 Apr 2026ر.س9.8tر.س2.8tر.س511.6b17.4x19.2x3.5x
Sat, 07 Mar 2026ر.س9.4tر.س2.8tر.س542.8b16.8x17.3x3.3x
Mon, 02 Feb 2026ر.س9.4tر.س2.8tر.س527.0b17.9x17.7x3.3x
Wed, 31 Dec 2025ر.س8.7tر.س2.8tر.س484.5b17.4x18.1x3.1x
Fri, 28 Nov 2025ر.س9.0tر.س2.8tر.س484.0b18.1x18.7x3.2x
Sun, 26 Oct 2025ر.س9.6tر.س2.9tر.س522.6b20.5x18.5x3.4x
Tue, 23 Sep 2025ر.س9.2tر.س2.9tر.س519.2b20.7x17.8x3.2x
Thu, 21 Aug 2025ر.س9.0tر.س2.8tر.س519.8b21x17.2x3.1x
Sat, 19 Jul 2025ر.س9.0tر.س2.9tر.س542.8b20.8x16.7x3.1x
Mon, 16 Jun 2025ر.س9.2tر.س2.9tر.س542.1b20.6x16.9x3.2x
Wed, 14 May 2025ر.س9.5tر.س2.9tر.س538.8b21.9x17.6x3.3x
Fri, 11 Apr 2025ر.س9.6tر.س2.9tر.س544.6b21.9x17.5x3.3x
Sun, 09 Mar 2025ر.س9.7tر.س2.8tر.س551.4b22.4x17.6x3.4x
Tue, 04 Feb 2025ر.س10.3tر.س2.9tر.س554.2b24.4x18.5x3.6x
Thu, 02 Jan 2025ر.س10.2tر.س2.9tر.س552.1b23.5x18.5x3.6x
Sat, 30 Nov 2024ر.س10.0tر.س2.9tر.س551.8b23.3x18.1x3.5x
Mon, 28 Oct 2024ر.س10.0tر.س2.9tر.س573.2b25.3x17.5x3.5x
Wed, 25 Sep 2024ر.س10.2tر.س2.9tر.س571.1b25.7x17.9x3.6x
Fri, 23 Aug 2024ر.س10.2tر.س2.9tر.س571.1b25.8x17.9x3.6x
Sun, 21 Jul 2024ر.س10.4tر.س2.8tر.س567.5b25.6x18.3x3.7x
Tue, 18 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Thu, 16 May 2024ر.س10.5tر.س2.8tر.س566.4b26.9x18.6x3.8x
Sat, 13 Apr 2024ر.س10.9tر.س2.8tر.س577.8b27.5x18.9x3.9x
Mon, 11 Mar 2024ر.س11.2tر.س2.8tر.س607.1b27.2x18.4x3.9x
Wed, 07 Feb 2024ر.س10.9tر.س2.9tر.س604.8b25.6x18.1x3.8x
Fri, 05 Jan 2024ر.س11.3tر.س2.8tر.س604.5b25.2x18.7x4x
Sun, 03 Dec 2023ر.س11.1tر.س2.8tر.س604.4b23.5x18.3x3.9x
Tue, 31 Oct 2023ر.س10.8tر.س3.0tر.س637.7b23.3x17x3.6x
Thu, 28 Sep 2023ر.س11.4tر.س3.0tر.س636.5b24.9x17.9x3.8x
Sat, 26 Aug 2023ر.س11.4tر.س3.0tر.س636.3b25.5x18x3.9x
Mon, 24 Jul 2023ر.س11.0tر.س3.2tر.س715.5b25.9x15.4x3.5x
Wed, 21 Jun 2023ر.س10.9tر.س3.2tر.س714.5b26.5x15.2x3.4x
Fri, 19 May 2023ر.س10.9tر.س3.2tر.س728.1b25.3x14.9x3.4x
Price to Earnings Ratio

14.9x


Total Market Cap: ر.س10.9tTotal Earnings: ر.س728.1bTotal Revenue: ر.س3.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17.8x202420252026
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 17.8x.
Past Earnings Growth
  • The earnings for companies in the Saudi industry have declined 11% per year over the last three years.
  • Revenues have also declined 4.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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

SA Market0.38%
Tech11.11%
Utilities10.74%
Consumer Staples4.00%
Materials0.80%
Telecom0.25%
Energy0.00%
Financials-0.041%
Healthcare-0.067%
Real Estate-0.94%
Consumer Discretionary-1.65%
Industrials-2.67%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 59.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings growth of 4.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 4.6% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
2082 ACWA Powerر.س182.1010.4%
+ر.س13.1b		-37.8%PE78.8xUtilities
1211 Saudi Arabian Mining Company (Maaden)ر.س65.905.2%
+ر.س12.6b		29.0%PE34.4xMaterials
2222 Saudi Arabian Oilر.س27.820.1%
+ر.س9.7b		8.9%PE18.1xEnergy
7203 Elmر.س677.0016.9%
+ر.س7.6b		-36.9%PE25.2xTech
2280 Almaraiر.س44.348.5%
+ر.س3.5b		-16.0%PE18xConsumer Staples
See more

Market Insights

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Latest News

2082
ر.س182.10
ACWA Power
7D
10.4%
1Y
-37.8%
2222
ر.س27.82
Saudi Arabian Oil
7D
0.1%
1Y
8.9%
2020
ر.س145.00
SABIC Agri-Nutrients
7D
2.0%
1Y
46.0%
2380
ر.س15.30
Rabigh Refining and Petrochemical
7D
4.8%
1Y
120.1%
7203
ر.س677.00
Elm
7D
16.9%
1Y
-36.9%
1211
ر.س65.90
Saudi Arabian Mining Company (Maaden)
7D
5.2%
1Y
29.0%
Analysis Article • May 08

Revenue Miss: Saudi Arabian Mining Company (Maaden) Fell 11% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The first-quarter results for Saudi Arabian Mining Company (Maaden) ( TADAWUL:1211 ) were released last week, making it...
4030
ر.س34.36
National Shipping Company of Saudi Arabia
7D
-2.9%
1Y
41.5%
4013
ر.س221.40
Dr. Sulaiman Al Habib Medical Services Group
7D
2.2%
1Y
-18.2%
1303
ر.س16.44
Electrical Industries
7D
-6.5%
1Y
124.9%
Analysis Article • May 06

Investors Shouldn't Be Too Comfortable With Electrical Industries' (TADAWUL:1303) Earnings

Electrical Industries Company's ( TADAWUL:1303 ) robust earnings report didn't manage to move the market for its stock...
1140
ر.س24.40
Bank Albilad
7D
-2.3%
1Y
-10.5%
1060
ر.س33.50
Saudi Awwal Bank
7D
-1.3%
1Y
-4.4%
4142
ر.س117.30
Riyadh Cables Group
7D
-9.6%
1Y
-10.7%
Narrative Update • May 02

4142: Stable View Will Balance New Contract And Higher Cash Distributions

Analysts have maintained their SAR 122.75 price target for Riyadh Cables Group, citing only minor model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially alter their overall view. What's in the News Riyadh Cables Group signed a contract with Mohammed Al Ojaimi Contracting Establishment in Saudi Arabia to supply cable products for power generation and transmission projects, with a total value of up to SAR 450m and a duration of 12 months, with the financial impact expected to appear starting from the fourth quarter of 2026 (Key Developments).
1120
ر.س65.95
Al Rajhi Banking and Investment
7D
-1.5%
1Y
0.8%
4250
ر.س14.73
Jabal Omar Development
7D
-4.7%
1Y
-42.0%
2280
ر.س44.34
Almarai
7D
8.5%
1Y
-16.0%
Narrative Update • Apr 22

2280: Dividend Proposal And Bylaw Changes Will Support Future Share Confidence

Analysts have slightly reduced their price target for Almarai to SAR56.81 from SAR57.60, reflecting updated assumptions that combine a modestly lower revenue growth outlook with a small uplift in expected profit margins and a marginally lower future P/E multiple. What's in the News Board recommendation for a cash dividend of SAR 1.15 per share, totaling SAR 1,150m for the fiscal year ending 31 December 2025, subject to approval at an Extraordinary General Assembly, with distribution expected to commence on or before 3 May 2026 after shareholder approval (Key Developments).
5110
ر.س16.81
Saudi Energy
7D
-4.1%
1Y
10.7%