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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies389
  • 7D2.5%
  • 3M3.9%
  • 1Y2.6%
  • YTD12.2%

Over the last 7 days, the market has risen 2.5%, driven by gains of 3.4% in the Energy sector. As for last year, the market performance has been flat. As for the next few years, earnings are expected to grow by 6.4% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026ر.س9.9tر.س2.9tر.س541.3b17.8x18.4x3.5x
Sat, 11 Apr 2026ر.س9.9tر.س2.8tر.س511.7b17.3x19.3x3.5x
Mon, 09 Mar 2026ر.س9.4tر.س2.8tر.س542.8b16.7x17.3x3.3x
Wed, 04 Feb 2026ر.س9.5tر.س2.8tر.س526.6b17.9x18x3.3x
Fri, 02 Jan 2026ر.س8.9tر.س2.8tر.س484.5b17.7x18.3x3.1x
Sun, 30 Nov 2025ر.س9.0tر.س2.8tر.س484.0b18.1x18.7x3.2x
Tue, 28 Oct 2025ر.س9.6tر.س2.9tر.س522.9b20.6x18.4x3.4x
Thu, 25 Sep 2025ر.س9.4tر.س2.9tر.س519.2b21.3x18.1x3.3x
Sat, 23 Aug 2025ر.س8.9tر.س2.8tر.س518.7b20.8x17.2x3.1x
Mon, 21 Jul 2025ر.س9.0tر.س2.9tر.س542.8b20.8x16.7x3.1x
Wed, 18 Jun 2025ر.س9.1tر.س2.9tر.س542.1b20.4x16.8x3.2x
Fri, 16 May 2025ر.س9.6tر.س2.9tر.س541.0b22.2x17.7x3.3x
Sun, 13 Apr 2025ر.س9.6tر.س2.9tر.س543.5b22x17.7x3.4x
Tue, 11 Mar 2025ر.س9.7tر.س2.8tر.س537.9b22x18.1x3.4x
Thu, 06 Feb 2025ر.س10.3tر.س2.9tر.س556.6b24.2x18.5x3.6x
Sat, 04 Jan 2025ر.س10.2tر.س2.9tر.س552.1b23.1x18.5x3.6x
Mon, 02 Dec 2024ر.س10.0tر.س2.9tر.س551.8b23.3x18.2x3.5x
Wed, 30 Oct 2024ر.س10.0tر.س2.9tر.س574.2b25x17.5x3.5x
Fri, 27 Sep 2024ر.س10.2tر.س2.9tر.س571.1b26.1x17.9x3.6x
Sun, 25 Aug 2024ر.س10.2tر.س2.9tر.س571.1b25.8x17.8x3.6x
Tue, 23 Jul 2024ر.س10.3tر.س2.8tر.س567.5b26x18.2x3.7x
Thu, 20 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Sat, 18 May 2024ر.س10.7tر.س2.8tر.س566.0b27x18.8x3.8x
Mon, 15 Apr 2024ر.س10.9tر.س2.8tر.س577.8b27.8x18.9x3.9x
Wed, 13 Mar 2024ر.س11.3tر.س2.8tر.س585.0b27.6x19.3x4x
Fri, 09 Feb 2024ر.س10.8tر.س2.9tر.س604.8b26x17.9x3.8x
Sun, 07 Jan 2024ر.س11.3tر.س2.9tر.س604.6b25.2x18.7x4x
Tue, 05 Dec 2023ر.س11.1tر.س2.8tر.س604.4b23.4x18.3x3.9x
Thu, 02 Nov 2023ر.س10.9tر.س3.0tر.س638.4b23.3x17.1x3.7x
Sat, 30 Sep 2023ر.س11.4tر.س3.0tر.س636.6b24.6x17.9x3.8x
Mon, 28 Aug 2023ر.س11.4tر.س3.0tر.س636.3b25.4x18x3.9x
Wed, 26 Jul 2023ر.س11.1tر.س3.2tر.س715.5b25.6x15.5x3.5x
Fri, 23 Jun 2023ر.س10.9tر.س3.2tر.س714.5b26.5x15.3x3.4x
Sun, 21 May 2023ر.س10.9tر.س3.2tر.س726.5b25.3x15x3.4x
Price to Earnings Ratio

15x


Total Market Cap: ر.س10.9tTotal Earnings: ر.س726.5bTotal 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 9.3% per year over the last three years.
  • Revenues have also declined 3.7% 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 Market2.50%
Tech8.37%
Utilities6.90%
Energy3.44%
Consumer Staples1.95%
Materials1.11%
Telecom-0.054%
Financials-0.58%
Real Estate-1.13%
Consumer Discretionary-1.32%
Healthcare-2.22%
Industrials-2.77%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 59.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.4%, 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 2.8% 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
2222 Saudi Arabian Oilر.س27.923.4%
+ر.س222.6b		7.0%PE18.1xEnergy
2082 ACWA Powerر.س181.009.3%
+ر.س11.8b		-39.2%PE78.4xUtilities
2010 Saudi Basic Industriesر.س61.553.8%
+ر.س6.8b		1.7%PS1.6xMaterials
7203 Elmر.س680.0013.7%
+ر.س6.4b		-36.0%PE25.3xTech
2380 Rabigh Refining and Petrochemicalر.س16.0018.2%
+ر.س5.4b		128.2%PS0.9xEnergy
See more

Market Insights

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Latest News

2222
ر.س27.92
Saudi Arabian Oil
7D
3.4%
1Y
7.0%
Analysis Article • 6h

Saudi Arabian Oil Company Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

A week ago, Saudi Arabian Oil Company ( TADAWUL:2222 ) came out with a strong set of quarterly numbers that could...
4260
ر.س33.78
United International Transportation
7D
-15.9%
1Y
-38.7%
2020
ر.س144.50
SABIC Agri-Nutrients
7D
2.0%
1Y
45.2%
Analysis Article • May 13

Analysts Just Made A Major Revision To Their SABIC Agri-Nutrients Company (TADAWUL:2020) Revenue Forecasts

The analysts covering SABIC Agri-Nutrients Company ( TADAWUL:2020 ) delivered a dose of negativity to shareholders...
2082
ر.س181.00
ACWA Power
7D
9.3%
1Y
-39.2%
1211
ر.س64.55
Saudi Arabian Mining Company (Maaden)
7D
-1.0%
1Y
26.6%
Narrative Update • May 12

1211: New CFO Appointment And Refined Assumptions Will Shape Balanced Outlook

Analysts have nudged their price target for Saudi Arabian Mining Company (Maaden) to SAR66.67 from SAR66.29, citing updated assumptions for revenue growth, profit margins and future P/E that modestly adjust their valuation outlook. What's in the News Maaden’s Nomination and Remuneration Committee approved the appointment of Gilberto Antoniazzi as Chief Financial Officer, effective March 1, 2026 (company announcement).
2380
ر.س16.00
Rabigh Refining and Petrochemical
7D
18.2%
1Y
128.2%
4004
ر.س111.40
Dallah Healthcare
7D
-6.2%
1Y
-6.1%
7203
ر.س680.00
Elm
7D
13.7%
1Y
-36.0%
8210
ر.س173.50
Bupa Arabia for Cooperative Insurance
7D
-4.0%
1Y
-2.9%
2010
ر.س61.55
Saudi Basic Industries
7D
3.8%
1Y
1.7%
4013
ر.س220.00
Dr. Sulaiman Al Habib Medical Services Group
7D
-1.3%
1Y
-18.5%
1303
ر.س15.93
Electrical Industries
7D
-9.0%
1Y
115.3%
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...
1010
ر.س20.35
Riyad Bank
7D
-2.4%
1Y
-5.6%
1120
ر.س65.80
Al Rajhi Banking and Investment
7D
-1.1%
1Y
0.4%
2280
ر.س43.68
Almarai
7D
6.3%
1Y
-17.1%
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.س17.49
Saudi Energy
7D
4.4%
1Y
21.1%