Narrative Update • Aug 05
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Saudi Arabian (Tadawul) Financials Sector Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies50
- 7D1.5%
- 3M-0.7%
- 1Y5.6%
- YTD5.0%
The Financials industry is up 1.5% in the last week, with Saudi National Bank up 4.2%. In the last 12 months, the industry was up 5.6%. Looking forward, earnings are forecast to grow by 8.3% annually.
Sector Valuation and Performance
Has the Saudi Arabian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | ر.س1.2t | ر.س234.7b | ر.س95.3b | 18.5x | 12.3x | 5x |
| Tue, 07 Jul 2026 | ر.س1.2t | ر.س230.5b | ر.س93.9b | 18.7x | 12.4x | 5x |
| Thu, 04 Jun 2026 | ر.س1.2t | ر.س230.5b | ر.س93.9b | 19.1x | 12.6x | 5.2x |
| Sat, 02 May 2026 | ر.س1.2t | ر.س227.6b | ر.س94.1b | 17.7x | 12.6x | 5.2x |
| Mon, 30 Mar 2026 | ر.س1.2t | ر.س225.1b | ر.س92.6b | 17.2x | 13.1x | 5.4x |
| Wed, 25 Feb 2026 | ر.س1.2t | ر.س223.4b | ر.س92.5b | 15.6x | 12.9x | 5.4x |
| Fri, 23 Jan 2026 | ر.س1.2t | ر.س219.6b | ر.س90.5b | 16.9x | 13.3x | 5.5x |
| Sun, 21 Dec 2025 | ر.س1.1t | ر.س219.6b | ر.س90.5b | 16.1x | 12.1x | 5x |
| Tue, 18 Nov 2025 | ر.س1.1t | ر.س219.9b | ر.س90.6b | 17.2x | 12.5x | 5.2x |
| Thu, 16 Oct 2025 | ر.س1.2t | ر.س215.4b | ر.س88.1b | 18.7x | 13.7x | 5.6x |
| Sat, 13 Sep 2025 | ر.س1.1t | ر.س215.4b | ر.س88.1b | 16.8x | 12.2x | 5x |
| Mon, 11 Aug 2025 | ر.س1.1t | ر.س214.6b | ر.س89.2b | 17.7x | 12.5x | 5.2x |
| Wed, 09 Jul 2025 | ر.س1.2t | ر.س209.6b | ر.س86.3b | 19.1x | 13.4x | 5.5x |
| Fri, 06 Jun 2025 | ر.س1.1t | ر.س209.6b | ر.س86.3b | 19.9x | 12.9x | 5.3x |
| Sun, 04 May 2025 | ر.س1.2t | ر.س207.4b | ر.س85.6b | 18.6x | 13.5x | 5.6x |
| Tue, 01 Apr 2025 | ر.س1.2t | ر.س203.8b | ر.س83.2b | 19.3x | 14.7x | 6x |
| Thu, 27 Feb 2025 | ر.س1.2t | ر.س202.1b | ر.س83.1b | 19.6x | 14.4x | 5.9x |
| Sat, 25 Jan 2025 | ر.س1.2t | ر.س197.0b | ر.س79.9b | 18.8x | 14.8x | 6x |
| Mon, 23 Dec 2024 | ر.س1.1t | ر.س197.0b | ر.س79.9b | 17.7x | 13.9x | 5.6x |
| Wed, 20 Nov 2024 | ر.س1.1t | ر.س196.6b | ر.س79.6b | 16.9x | 13.9x | 5.6x |
| Fri, 18 Oct 2024 | ر.س1.1t | ر.س190.8b | ر.س77.1b | 17.6x | 14.1x | 5.7x |
| Sun, 15 Sep 2024 | ر.س1.1t | ر.س190.8b | ر.س77.1b | 19.5x | 14.3x | 5.8x |
| Tue, 13 Aug 2024 | ر.س1.1t | ر.س189.8b | ر.س76.4b | 18.9x | 14.5x | 5.8x |
| Thu, 11 Jul 2024 | ر.س1.1t | ر.س185.9b | ر.س74.4b | 16.9x | 14.8x | 5.9x |
| Sat, 08 Jun 2024 | ر.س1.1t | ر.س185.0b | ر.س74.2b | 16.6x | 14.4x | 5.8x |
| Mon, 06 May 2024 | ر.س1.1t | ر.س181.8b | ر.س73.1b | 19.4x | 15.3x | 6.2x |
| Wed, 03 Apr 2024 | ر.س1.2t | ر.س180.7b | ر.س72.4b | 18.3x | 15.9x | 6.4x |
| Fri, 01 Mar 2024 | ر.س1.2t | ر.س178.5b | ر.س72.3b | 18x | 16.6x | 6.7x |
| Sun, 28 Jan 2024 | ر.س1.2t | ر.س176.0b | ر.س71.6b | 16.7x | 16.3x | 6.6x |
| Tue, 26 Dec 2023 | ر.س1.1t | ر.س176.0b | ر.س71.6b | 17.1x | 15.4x | 6.3x |
| Thu, 23 Nov 2023 | ر.س1.0t | ر.س176.0b | ر.س71.5b | 15.4x | 14.1x | 5.7x |
| Sat, 21 Oct 2023 | ر.س932.7b | ر.س170.4b | ر.س69.7b | 17.8x | 13.4x | 5.5x |
| Mon, 18 Sep 2023 | ر.س997.5b | ر.س170.9b | ر.س69.7b | 19x | 14.3x | 5.8x |
| Wed, 16 Aug 2023 | ر.س1.0t | ر.س168.1b | ر.س68.8b | 21.4x | 14.9x | 6.1x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are pessimistic on the Saudi Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.3x which is lower than its 3-year average PE of 13.9x.
- The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Financials sector?
| SA Market | 0.22% | |
| Financials | 1.49% | |
| Diversified Financial | 6.22% | |
| Insurance | 3.64% | |
| Banks | 1.12% | |
| Consumer Finance | 0.91% | |
| Capital Markets | 0.27% | |
| Mortgage Finance | 0% | 0 |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 28.7x.
- Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings decline of 21.6% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|---|
| 1180 Saudi National Bank | ر.س41.10 | 4.8% +ر.س11.3b | 13.5% | PB1.1x | |
| 4280 Kingdom Holding | ر.س12.79 | 6.2% +ر.س2.8b | 62.1% | PE23.9x | |
| 1120 Al Rajhi Banking and Investment | ر.س64.75 | 0.4% +ر.س1.5b | 2.5% | PB2.5x | |
| 1050 Banque Saudi Fransi | ر.س20.19 | 3.0% +ر.س1.5b | 19.7% | PB1x | |
| 8010 Company for Cooperative Insurance | ر.س137.80 | 6.0% +ر.س1.2b | 7.2% | PE20.9x |