Analysis Article • May 18
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Saudi Arabian (Tadawul) Energy Sector Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies6
- 7D0.7%
- 3M8.9%
- 1Y11.4%
- YTD17.1%
Over the last 7 days, the Energy industry has remained flat. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 2.7% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | ر.س6.8t | ر.س1.8t | ر.س375.5b | 18.1x | 18.2x | 3.9x |
| Sun, 19 Apr 2026 | ر.س6.7t | ر.س1.7t | ر.س347.3b | 19.1x | 19.4x | 3.9x |
| Tue, 17 Mar 2026 | ر.س6.6t | ر.س1.7t | ر.س347.3b | 18.8x | 18.9x | 3.8x |
| Thu, 12 Feb 2026 | ر.س6.3t | ر.س1.7t | ر.س364.1b | 20.9x | 17.3x | 3.6x |
| Sat, 10 Jan 2026 | ر.س5.8t | ر.س1.7t | ر.س364.1b | 19.4x | 15.9x | 3.3x |
| Mon, 08 Dec 2025 | ر.س6.0t | ر.س1.7t | ر.س364.1b | 19.8x | 16.4x | 3.4x |
| Wed, 05 Nov 2025 | ر.س6.3t | ر.س1.8t | ر.س364.5b | 20x | 17.3x | 3.5x |
| Fri, 03 Oct 2025 | ر.س6.1t | ر.س1.8t | ر.س364.5b | 19.3x | 16.7x | 3.4x |
| Sun, 31 Aug 2025 | ر.س5.8t | ر.س1.8t | ر.س364.5b | 18.3x | 15.9x | 3.2x |
| Tue, 29 Jul 2025 | ر.س5.9t | ر.س1.9t | ر.س385.6b | 16.6x | 15.3x | 3.2x |
| Thu, 26 Jun 2025 | ر.س5.9t | ر.س1.9t | ر.س385.6b | 16.5x | 15.3x | 3.2x |
| Sat, 24 May 2025 | ر.س6.1t | ر.س1.9t | ر.س385.6b | 17.5x | 15.9x | 3.3x |
| Mon, 21 Apr 2025 | ر.س6.2t | ر.س1.9t | ر.س392.6b | 18.4x | 15.8x | 3.3x |
| Wed, 19 Mar 2025 | ر.س6.2t | ر.س1.9t | ر.س392.0b | 19x | 15.9x | 3.4x |
| Fri, 14 Feb 2025 | ر.س6.8t | ر.س1.9t | ر.س408.2b | 19x | 16.6x | 3.6x |
| Sun, 12 Jan 2025 | ر.س6.8t | ر.س1.9t | ر.س408.1b | 19.1x | 16.7x | 3.6x |
| Tue, 10 Dec 2024 | ر.س6.9t | ر.س1.9t | ر.س408.1b | 20.6x | 16.9x | 3.7x |
| Thu, 07 Nov 2024 | ر.س6.7t | ر.س1.9t | ر.س408.2b | 20.3x | 16.5x | 3.6x |
| Sat, 05 Oct 2024 | ر.س6.6t | ر.س1.9t | ر.س433.9b | 20.2x | 15.2x | 3.5x |
| Mon, 02 Sep 2024 | ر.س6.8t | ر.س1.9t | ر.س433.9b | 21.6x | 15.7x | 3.6x |
| Wed, 31 Jul 2024 | ر.س6.8t | ر.س1.9t | ر.س436.8b | 28.5x | 15.5x | 3.5x |
| Fri, 28 Jun 2024 | ر.س6.8t | ر.س1.9t | ر.س436.6b | 29.8x | 15.6x | 3.6x |
| Sun, 26 May 2024 | ر.س7.3t | ر.س1.9t | ر.س436.6b | 27.2x | 16.8x | 3.8x |
| Tue, 23 Apr 2024 | ر.س7.3t | ر.س1.9t | ر.س451.0b | 35.1x | 16.2x | 3.8x |
| Thu, 21 Mar 2024 | ر.س7.6t | ر.س1.9t | ر.س450.6b | 37.3x | 17x | 4x |
| Sat, 17 Feb 2024 | ر.س7.8t | ر.س2.0t | ر.س473.2b | 36.3x | 16.5x | 4x |
| Mon, 15 Jan 2024 | ر.س8.0t | ر.س2.0t | ر.س473.2b | 38.2x | 17x | 4.1x |
| Wed, 13 Dec 2023 | ر.س8.1t | ر.س2.0t | ر.س473.2b | 33.2x | 17x | 4.1x |
| Fri, 10 Nov 2023 | ر.س8.2t | ر.س2.0t | ر.س472.9b | 29.9x | 17.3x | 4.2x |
| Sun, 08 Oct 2023 | ر.س8.2t | ر.س2.1t | ر.س505.1b | 25.7x | 16.1x | 3.9x |
| Tue, 05 Sep 2023 | ر.س8.3t | ر.س2.1t | ر.س505.1b | 25.4x | 16.5x | 4x |
| Thu, 03 Aug 2023 | ر.س7.8t | ر.س2.3t | ر.س572.2b | 26.2x | 13.7x | 3.4x |
| Sat, 01 Jul 2023 | ر.س7.9t | ر.س2.3t | ر.س572.2b | 22.6x | 13.7x | 3.4x |
| Mon, 29 May 2023 | ر.س7.8t | ر.س2.3t | ر.س571.8b | 22.6x | 13.6x | 3.4x |
Price to Earnings Ratio
13.6x
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 18.2x which is higher than its 3-year average PE of 16.3x.
- 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 13% per year over the last three years,
- Revenues have also declined 8.1% 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 | 0.51% | |
| Energy | 0.71% | |
| Energy Services | 1.40% | |
| Oil and Gas | 0.71% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 28.6x.
- Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings growth of 7.6% 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 16.3x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 7.6% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 2.6% per year 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 | |
|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س27.90 | 0.7% +ر.س48.4b | 10.9% | PE18.1x | |
| 2382 ADES Holding | ر.س19.68 | 2.0% +ر.س430.6m | 40.4% | PE25.3x |
