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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedSep 05, 2025
DataAggregated Company Financials
Companies378
- 7D-0.4%
- 3M-4.1%
- 1Y-14.0%
- YTD-14.5%
The market has been flat in the last week, however the Consumer Discretionary sector is down 3.5%. The past year hasn't been profitable, with the market dropping 14%. As for the next few years, earnings are expected to grow by 7.5% per annum.
Market Valuation and Performance
Has the Saudi Arabian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 05 Sep 2025 | ر.س8.8t | ر.س2.8t | ر.س518.7b | 20.2x | 17x | 3.1x |
| Sun, 03 Aug 2025 | ر.س9.1t | ر.س2.9t | ر.س546.2b | 20.3x | 16.6x | 3.1x |
| Tue, 01 Jul 2025 | ر.س9.2t | ر.س2.9t | ر.س542.8b | 21.5x | 16.9x | 3.2x |
| Thu, 29 May 2025 | ر.س9.3t | ر.س2.9t | ر.س542.1b | 21.7x | 17.2x | 3.2x |
| Sat, 26 Apr 2025 | ر.س9.7t | ر.س2.9t | ر.س544.8b | 22.4x | 17.7x | 3.4x |
| Mon, 24 Mar 2025 | ر.س9.6t | ر.س2.9t | ر.س543.6b | 22.6x | 17.7x | 3.4x |
| Wed, 19 Feb 2025 | ر.س10.2t | ر.س2.9t | ر.س555.7b | 24.1x | 18.4x | 3.6x |
| Fri, 17 Jan 2025 | ر.س10.3t | ر.س2.9t | ر.س552.2b | 24x | 18.7x | 3.6x |
| Sun, 15 Dec 2024 | ر.س10.4t | ر.س2.9t | ر.س552.1b | 23.7x | 18.8x | 3.6x |
| Tue, 12 Nov 2024 | ر.س10.3t | ر.س2.9t | ر.س550.7b | 24.3x | 18.7x | 3.6x |
| Thu, 10 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.7b | 24.5x | 17.5x | 3.5x |
| Sat, 07 Sep 2024 | ر.س10.1t | ر.س2.9t | ر.س571.1b | 25.5x | 17.8x | 3.6x |
| Mon, 05 Aug 2024 | ر.س10.1t | ر.س2.8t | ر.س568.5b | 25.4x | 17.8x | 3.6x |
| Wed, 03 Jul 2024 | ر.س10.1t | ر.س2.8t | ر.س567.3b | 25.7x | 17.8x | 3.6x |
| Fri, 31 May 2024 | ر.س10.2t | ر.س2.8t | ر.س566.5b | 25.4x | 18.1x | 3.7x |
| Sun, 28 Apr 2024 | ر.س10.8t | ر.س2.8t | ر.س578.0b | 27.4x | 18.6x | 3.8x |
| Tue, 26 Mar 2024 | ر.س11.1t | ر.س2.8t | ر.س577.3b | 28.3x | 19.3x | 4x |
| Thu, 22 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 26.8x | 18.6x | 3.9x |
| Sat, 20 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.1x | 18.2x | 3.9x |
| Mon, 18 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 24.1x | 18.4x | 3.9x |
| Wed, 15 Nov 2023 | ر.س11.1t | ر.س2.9t | ر.س604.8b | 23.1x | 18.4x | 3.9x |
| Fri, 13 Oct 2023 | ر.س10.9t | ر.س3.0t | ر.س636.9b | 23.6x | 17.1x | 3.7x |
| Sun, 10 Sep 2023 | ر.س11.3t | ر.س3.0t | ر.س636.5b | 25.2x | 17.7x | 3.8x |
| Tue, 08 Aug 2023 | ر.س10.9t | ر.س3.2t | ر.س715.9b | 25.2x | 15.3x | 3.4x |
| Thu, 06 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س714.9b | 26x | 15.4x | 3.4x |
| Sat, 03 Jun 2023 | ر.س10.6t | ر.س3.2t | ر.س713.0b | 26x | 14.9x | 3.3x |
| Mon, 01 May 2023 | ر.س11.0t | ر.س3.3t | ر.س754.1b | 25x | 14.5x | 3.4x |
| Wed, 29 Mar 2023 | ر.س9.9t | ر.س3.2t | ر.س758.0b | 24x | 13.1x | 3x |
| Fri, 24 Feb 2023 | ر.س9.7t | ر.س3.2t | ر.س752.8b | 23.6x | 12.9x | 3x |
| Sun, 22 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.2b | 24x | 13.3x | 3.1x |
| Tue, 20 Dec 2022 | ر.س9.5t | ر.س3.2t | ر.س748.6b | 23.3x | 12.7x | 3x |
| Thu, 17 Nov 2022 | ر.س10.3t | ر.س3.2t | ر.س747.1b | 26x | 13.8x | 3.3x |
| Sat, 15 Oct 2022 | ر.س10.8t | ر.س2.9t | ر.س699.8b | 27x | 15.4x | 3.7x |
| Mon, 12 Sep 2022 | ر.س11.3t | ر.س2.9t | ر.س700.3b | 26.6x | 16.1x | 3.9x |
Price to Earnings Ratio
16.1x
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 16.8x.
Past Earnings Growth
- The earnings for Saudi listed companies have declined 9.5% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | -0.42% | |
| Healthcare | -0.0081% | |
| Energy | -0.24% | |
| Financials | -0.30% | |
| Tech | -0.51% | |
| Utilities | -0.53% | |
| Materials | -0.77% | |
| Consumer Staples | -0.77% | |
| Telecom | -1.05% | |
| Industrials | -1.98% | |
| Real Estate | -1.98% | |
| Consumer Discretionary | -3.54% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 123x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.2% which is higher than its past year's earnings decline of 1.7% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 24.6x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س53.60 | 2.7% +ر.س5.4b | 30.3% | PE48x | Materials | |
| 1120 Al Rajhi Banking and Investment | ر.س94.85 | 0.7% +ر.س2.6b | 6.9% | PB2.8x | Financials | |
| 1180 Saudi National Bank | ر.س35.18 | 1.0% +ر.س2.1b | -0.6% | PB1.1x | Financials | |
| 4013 Dr. Sulaiman Al Habib Medical Services Group | ر.س244.90 | 1.6% +ر.س1.4b | -20.5% | PE36.4x | Healthcare | |
| 2280 Almarai | ر.س48.08 | 1.1% +ر.س500.0m | -14.1% | PE20.2x | Consumer Staples |
