Narrative Update • May 04
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Saudi Arabian (Tadawul) Financials Sector Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies50
- 7D-0.3%
- 3M-2.7%
- 1Y3.5%
- YTD6.3%
Over the last 7 days, the Financials industry has dropped 1.1%, driven by Al Rajhi Banking and Investment declining 1.5%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 9.0% 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 |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ر.س1.2t | ر.س228.7b | ر.س93.7b | 17.3x | 12.5x | 5.1x |
| Wed, 08 Apr 2026 | ر.س1.2t | ر.س225.2b | ر.س92.6b | 17.1x | 13x | 5.4x |
| Fri, 06 Mar 2026 | ر.س1.2t | ر.س223.6b | ر.س92.5b | 15x | 12.7x | 5.2x |
| Sun, 01 Feb 2026 | ر.س1.2t | ر.س221.2b | ر.س94.6b | 17.1x | 13.1x | 5.6x |
| Tue, 30 Dec 2025 | ر.س1.1t | ر.س219.6b | ر.س90.5b | 15.6x | 12.3x | 5.1x |
| Thu, 27 Nov 2025 | ر.س1.1t | ر.س219.8b | ر.س90.6b | 17x | 12.1x | 5x |
| Sat, 25 Oct 2025 | ر.س1.2t | ر.س219.5b | ر.س91.4b | 18x | 13.1x | 5.5x |
| Mon, 22 Sep 2025 | ر.س1.1t | ر.س215.4b | ر.س88.1b | 17.5x | 12.4x | 5.1x |
| Wed, 20 Aug 2025 | ر.س1.1t | ر.س215.3b | ر.س88.4b | 17.7x | 12.6x | 5.2x |
| Fri, 18 Jul 2025 | ر.س1.1t | ر.س209.7b | ر.س86.3b | 18.7x | 13.1x | 5.4x |
| Sun, 15 Jun 2025 | ر.س1.1t | ر.س209.6b | ر.س86.3b | 19.5x | 12.8x | 5.3x |
| Tue, 13 May 2025 | ر.س1.2t | ر.س209.5b | ر.س86.4b | 17.8x | 13.4x | 5.5x |
| Thu, 10 Apr 2025 | ر.س1.1t | ر.س203.9b | ر.س83.2b | 16.3x | 13.3x | 5.4x |
| Sat, 08 Mar 2025 | ر.س1.2t | ر.س203.1b | ر.س83.2b | 17.7x | 14.1x | 5.8x |
| Mon, 03 Feb 2025 | ر.س1.2t | ر.س198.6b | ر.س81.7b | 19.8x | 14.6x | 6x |
| Wed, 01 Jan 2025 | ر.س1.1t | ر.س197.0b | ر.س79.9b | 18.5x | 14.4x | 5.8x |
| Fri, 29 Nov 2024 | ر.س1.1t | ر.س196.8b | ر.س79.7b | 15.4x | 13.6x | 5.5x |
| Sun, 27 Oct 2024 | ر.س1.1t | ر.س192.0b | ر.س78.1b | 17.7x | 14x | 5.7x |
| Tue, 24 Sep 2024 | ر.س1.1t | ر.س190.8b | ر.س77.1b | 19.5x | 14.6x | 5.9x |
| Thu, 22 Aug 2024 | ر.س1.2t | ر.س190.8b | ر.س77.1b | 19.6x | 14.9x | 6x |
| Sat, 20 Jul 2024 | ر.س1.1t | ر.س185.9b | ر.س74.4b | 17.6x | 15.4x | 6.2x |
| Mon, 17 Jun 2024 | ر.س1.1t | ر.س185.8b | ر.س74.3b | 17.5x | 14.5x | 5.8x |
| Wed, 15 May 2024 | ر.س1.1t | ر.س184.4b | ر.س74.1b | 18.8x | 14.9x | 6x |
| Fri, 12 Apr 2024 | ر.س1.2t | ر.س180.8b | ر.س72.4b | 19.4x | 16.4x | 6.6x |
| Sun, 10 Mar 2024 | ر.س1.2t | ر.س178.7b | ر.س72.3b | 18.1x | 16.2x | 6.6x |
| Tue, 06 Feb 2024 | ر.س1.1t | ر.س175.3b | ر.س71.9b | 16.2x | 15.8x | 6.5x |
| Thu, 04 Jan 2024 | ر.س1.1t | ر.س176.0b | ر.س71.6b | 16.9x | 15.6x | 6.3x |
| Sat, 02 Dec 2023 | ر.س1.0t | ر.س176.0b | ر.س71.6b | 15.9x | 14.2x | 5.8x |
| Mon, 30 Oct 2023 | ر.س916.9b | ر.س184.0b | ر.س71.0b | 17.1x | 12.9x | 5x |
| Wed, 27 Sep 2023 | ر.س969.5b | ر.س170.6b | ر.س69.7b | 18.1x | 13.9x | 5.7x |
| Fri, 25 Aug 2023 | ر.س1.0t | ر.س169.9b | ر.س69.5b | 19x | 14.8x | 6x |
| Sun, 23 Jul 2023 | ر.س1.1t | ر.س164.0b | ر.س67.0b | 21.8x | 16.2x | 6.6x |
| Tue, 20 Jun 2023 | ر.س1.0t | ر.س161.4b | ر.س66.4b | 24.1x | 15.7x | 6.5x |
| Thu, 18 May 2023 | ر.س1.0t | ر.س162.1b | ر.س70.7b | 19.1x | 14.7x | 6.4x |
Price to Earnings Ratio
14.7x
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 12.5x which is lower than its 3-year average PE of 14.1x.
- The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 10.0% 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 | -0.40% | |
| Financials | -0.30% | |
| Insurance | 1.70% | |
| Capital Markets | 1.25% | |
| Mortgage Finance | 0% | 0 |
| Banks | -0.47% | |
| Consumer Finance | -0.79% | |
| Diversified Financial | -0.89% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 31.5x.
- Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 19.0% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 35% 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.س40.08 | 0.8% +ر.س1.9b | 14.5% | PB1.1x | |
| 8010 Company for Cooperative Insurance | ر.س143.00 | 9.2% +ر.س1.8b | 1.4% | PE19.4x | |
| 1060 Saudi Awwal Bank | ر.س34.58 | 1.7% +ر.س1.2b | 1.1% | PB0.9x | |
| 1050 Banque Saudi Fransi | ر.س19.52 | 2.3% +ر.س1.1b | 10.5% | PB0.9x | |
| 1010 Riyad Bank | ر.س20.88 | 0.5% +ر.س438.2m | -5.3% | PB1.1x |
