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Saudi Arabian (Tadawul) Energy Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies6
  • 7D0.8%
  • 3M17.4%
  • 1Y9.1%
  • YTD15.2%

The Energy industry has stayed flat over the last week. As for the the longer term, the industry is up 9.1% over the past 12 months. As for the next few years, earnings are expected to grow by 4.6% per annum.

Sector Valuation and Performance

Has the Saudi Arabian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026ر.س6.7tر.س1.7tر.س347.3b19.1x19.3x3.9x
Thu, 05 Mar 2026ر.س6.4tر.س1.7tر.س364.4b17.3x17.5x3.7x
Sat, 31 Jan 2026ر.س6.3tر.س1.7tر.س364.1b21.7x17.3x3.6x
Mon, 29 Dec 2025ر.س5.8tر.س1.7tر.س364.1b19.6x15.8x3.3x
Wed, 26 Nov 2025ر.س6.0tر.س1.7tر.س364.1b19.3x16.5x3.5x
Fri, 24 Oct 2025ر.س6.3tر.س1.8tر.س364.5b19.5x17.3x3.5x
Sun, 21 Sep 2025ر.س6.0tر.س1.8tر.س364.5b19.1x16.4x3.3x
Tue, 19 Aug 2025ر.س5.9tر.س1.8tر.س364.5b18.2x16.2x3.3x
Thu, 17 Jul 2025ر.س6.0tر.س1.9tر.س385.6b16.6x15.5x3.2x
Sat, 14 Jun 2025ر.س6.1tر.س1.9tر.س385.6b16.7x15.8x3.3x
Mon, 12 May 2025ر.س6.1tر.س1.9tر.س392.6b17.8x15.4x3.3x
Wed, 09 Apr 2025ر.س6.2tر.س1.9tر.س392.6b18.2x15.9x3.3x
Fri, 07 Mar 2025ر.س6.4tر.س1.9tر.س392.1b17.3x16.3x3.4x
Sun, 02 Feb 2025ر.س6.8tر.س1.9tر.س408.1b19.1x16.6x3.6x
Tue, 31 Dec 2024ر.س6.8tر.س1.9tر.س408.1b19.7x16.7x3.6x
Thu, 28 Nov 2024ر.س6.7tر.س1.9tر.س408.1b19.7x16.4x3.5x
Sat, 26 Oct 2024ر.س6.6tر.س1.9tر.س433.9b19.7x15.2x3.5x
Mon, 23 Sep 2024ر.س6.7tر.س1.9tر.س433.9b21.1x15.4x3.5x
Wed, 21 Aug 2024ر.س6.9tر.س1.9tر.س433.9b22.5x15.9x3.6x
Fri, 19 Jul 2024ر.س7.0tر.س1.9tر.س436.6b30.8x15.9x3.6x
Sun, 16 Jun 2024ر.س6.8tر.س1.9tر.س436.6b29.7x15.5x3.6x
Tue, 14 May 2024ر.س7.3tر.س1.9tر.س436.9b30.1x16.8x3.8x
Thu, 11 Apr 2024ر.س7.4tر.س1.9tر.س451.0b34.5x16.4x3.8x
Sat, 09 Mar 2024ر.س7.8tر.س2.0tر.س473.2b37.7x16.4x4x
Mon, 05 Feb 2024ر.س7.6tر.س2.0tر.س473.2b35.6x16x3.9x
Wed, 03 Jan 2024ر.س8.1tر.س2.0tر.س473.2b39.5x17.1x4.1x
Fri, 01 Dec 2023ر.س8.1tر.س2.0tر.س473.2b31.2x17.1x4.1x
Sun, 29 Oct 2023ر.س8.1tر.س2.1tر.س505.6b26.9x16x3.9x
Tue, 26 Sep 2023ر.س8.3tر.س2.1tر.س505.1b27.8x16.5x4x
Thu, 24 Aug 2023ر.س8.4tر.س2.1tر.س505.1b26.2x16.6x4x
Sat, 22 Jul 2023ر.س7.9tر.س2.3tر.س572.2b23.7x13.8x3.4x
Mon, 19 Jun 2023ر.س7.9tر.س2.3tر.س572.2b23.5x13.8x3.4x
Wed, 17 May 2023ر.س7.9tر.س2.3tر.س573.4b23.9x13.7x3.4x
Fri, 14 Apr 2023ر.س7.3tر.س2.3tر.س598.0b23.3x12.2x3.1x
Price to Earnings Ratio

12.2x


Total Market Cap: ر.س7.3tTotal Earnings: ر.س598.0bTotal Revenue: ر.س2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Energy Sector Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
  • Investors are optimistic on the Saudi Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.3x which is higher than its 3-year average PE of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 17% per year over the last three years,
  • Revenues have also declined 9.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Energy sector?

SA Market0.86%
Energy0.84%
Energy Services5.50%
Oil and Gas0.82%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 28.0x.
    • Analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 1.9% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 1.9% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 4.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
2222 Saudi Arabian Oilر.س27.580.7%
+ر.س43.5b		8.6%PE19.2x
2380 Rabigh Refining and Petrochemicalر.س10.742.0%
+ر.س461.4m		49.8%PS0.7x
4030 National Shipping Company of Saudi Arabiaر.س32.140.4%
+ر.س129.2m		31.7%PE12.2x

Latest News

4030
ر.س32.14
National Shipping Company of Saudi Arabia
7D
0.4%
1Y
31.7%
2380
ر.س10.74
Rabigh Refining and Petrochemical
7D
2.0%
1Y
49.8%
2381
ر.س78.25
Arabian Drilling
7D
-4.4%
1Y
-11.6%

2381: Long Aramco Backlog And New CEO Will Not Justify Rich P/E

Analysts have adjusted their fair value estimate for Arabian Drilling from SAR 79.38 to SAR 65.77, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Arabian Drilling secured three major land contract extensions with Saudi Aramco worth SAR 1.4b, adding 25 active rig years and bringing total recent extensions to SAR 3.4b across seven contracts.
2382
ر.س17.84
ADES Holding
7D
-1.3%
1Y
17.4%
2222
ر.س27.58
Saudi Arabian Oil
7D
0.7%
1Y
8.6%

2222: Dividend Reset And Capital Returns Will Frame Balanced Forward Outlook

Analysts now set their price target for Saudi Arabian Oil at SAR28.26, a slight uptick from SAR28.19. This reflects updated assumptions around modest revenue growth, a lower projected profit margin, and a slightly reduced future P/E multiple.
2030
ر.س44.68
Saudi Arabian Refineries
7D
-6.1%
1Y
-27.3%