Analysis Article • Aug 13
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Saudi Arabian (Tadawul) Energy Sector Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies6
- 7D-0.2%
- 3M-5.2%
- 1Y11.9%
- YTD10.9%
The Energy is pretty flat in the last 7 days, but National Shipping Company of Saudi Arabia has stood out, gaining 11%. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.
Sector Valuation and Performance
Has the Saudi Arabian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | ر.س6.5t | ر.س1.9t | ر.س417.7b | 16.5x | 15.5x | 3.4x |
| Tue, 21 Jul 2026 | ر.س6.6t | ر.س1.8t | ر.س375.5b | 17.4x | 17.5x | 3.7x |
| Thu, 18 Jun 2026 | ر.س6.5t | ر.س1.8t | ر.س375.5b | 17.3x | 17.3x | 3.7x |
| Sat, 16 May 2026 | ر.س6.8t | ر.س1.8t | ر.س375.5b | 18x | 18.1x | 3.8x |
| Mon, 13 Apr 2026 | ر.س6.7t | ر.س1.7t | ر.س347.3b | 18.9x | 19.2x | 3.9x |
| Wed, 11 Mar 2026 | ر.س6.6t | ر.س1.7t | ر.س364.4b | 17.8x | 18x | 3.8x |
| Fri, 06 Feb 2026 | ر.س6.3t | ر.س1.7t | ر.س364.1b | 21.3x | 17.2x | 3.6x |
| Sun, 04 Jan 2026 | ر.س5.8t | ر.س1.7t | ر.س364.1b | 19.8x | 16.1x | 3.4x |
| Tue, 02 Dec 2025 | ر.س6.0t | ر.س1.7t | ر.س364.1b | 19.6x | 16.3x | 3.4x |
| Thu, 30 Oct 2025 | ر.س6.3t | ر.س1.8t | ر.س364.5b | 20.2x | 17.4x | 3.5x |
| Sat, 27 Sep 2025 | ر.س5.9t | ر.س1.8t | ر.س364.5b | 19.2x | 16.3x | 3.3x |
| Mon, 25 Aug 2025 | ر.س5.8t | ر.س1.8t | ر.س364.5b | 18.2x | 16x | 3.3x |
| Wed, 23 Jul 2025 | ر.س5.9t | ر.س1.9t | ر.س385.6b | 16.3x | 15.2x | 3.2x |
| Fri, 20 Jun 2025 | ر.س6.0t | ر.س1.9t | ر.س385.6b | 16.3x | 15.7x | 3.3x |
| Sun, 18 May 2025 | ر.س6.4t | ر.س1.9t | ر.س385.6b | 18.3x | 16.6x | 3.4x |
| Tue, 15 Apr 2025 | ر.س6.3t | ر.س1.9t | ر.س392.6b | 18.6x | 16.1x | 3.4x |
| Thu, 13 Mar 2025 | ر.س6.4t | ر.س1.9t | ر.س392.1b | 17.5x | 16.3x | 3.4x |
| Sat, 08 Feb 2025 | ر.س6.8t | ر.س1.9t | ر.س408.2b | 19.1x | 16.5x | 3.6x |
| Mon, 06 Jan 2025 | ر.س6.8t | ر.س1.9t | ر.س408.1b | 19.5x | 16.8x | 3.6x |
| Wed, 04 Dec 2024 | ر.س6.8t | ر.س1.9t | ر.س408.1b | 19.8x | 16.6x | 3.6x |
| Fri, 01 Nov 2024 | ر.س6.6t | ر.س1.9t | ر.س433.9b | 20.3x | 15.2x | 3.5x |
| Sun, 29 Sep 2024 | ر.س6.7t | ر.س1.9t | ر.س433.9b | 21.4x | 15.5x | 3.5x |
| Tue, 27 Aug 2024 | ر.س6.8t | ر.س1.9t | ر.س433.9b | 21.8x | 15.7x | 3.6x |
| Thu, 25 Jul 2024 | ر.س6.9t | ر.س1.9t | ر.س436.6b | 30.3x | 15.7x | 3.6x |
| Sat, 22 Jun 2024 | ر.س6.8t | ر.س1.9t | ر.س436.6b | 29.7x | 15.5x | 3.6x |
| Mon, 20 May 2024 | ر.س7.3t | ر.س1.9t | ر.س436.6b | 28x | 16.7x | 3.8x |
| Wed, 17 Apr 2024 | ر.س7.4t | ر.س1.9t | ر.س451.0b | 35x | 16.4x | 3.8x |
| Fri, 15 Mar 2024 | ر.س7.7t | ر.س1.9t | ر.س450.7b | 38.7x | 17x | 4x |
| Sun, 11 Feb 2024 | ر.س7.5t | ر.س2.0t | ر.س473.2b | 34.9x | 15.9x | 3.8x |
| Tue, 09 Jan 2024 | ر.س8.2t | ر.س2.0t | ر.س473.2b | 38.5x | 17.3x | 4.2x |
| Thu, 07 Dec 2023 | ر.س8.1t | ر.س2.0t | ر.س473.2b | 32.8x | 17.1x | 4.1x |
| Sat, 04 Nov 2023 | ر.س8.1t | ر.س2.1t | ر.س505.5b | 27.9x | 16x | 3.9x |
| Mon, 02 Oct 2023 | ر.س8.5t | ر.س2.1t | ر.س505.1b | 26.7x | 16.9x | 4.1x |
| Wed, 30 Aug 2023 | ر.س8.3t | ر.س2.1t | ر.س505.1b | 26.2x | 16.5x | 4x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are relatively neutral on the Saudi Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.6x.
- 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 6.1% per year over the last three years,
- Revenues have also declined 2.9% 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 Market | 0.32% | |
| Energy | -0.23% | |
| Energy Services | 1.90% | |
| Oil and Gas | -0.24% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 30.0x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 1.4% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 1.4% per year.
- In contrast, the Oil and Gas 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 | |
|---|---|---|---|---|---|
| 4030 National Shipping Company of Saudi Arabia | ر.س34.08 | 10.6% +ر.س3.0b | 54.9% | PE4.9x | |
| 2382 ADES Holding | ر.س18.71 | 3.4% +ر.س684.6m | 26.8% | PE25.8x | |
| 2380 Rabigh Refining and Petrochemical | ر.س18.00 | 1.7% +ر.س659.2m | 136.8% | PE17.3x | |
| 2030 Saudi Arabian Refineries | ر.س51.20 | 7.3% +ر.س52.2m | -12.5% | PB2.7x |