Narrative Update • May 04
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Saudi Arabian (Tadawul) Banks Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies10
- 7D-1.5%
- 3M-5.9%
- 1Y2.8%
- YTD3.4%
Over the last 7 days, the Banks industry has dropped 1.5%, driven by a pullback from Al Rajhi Banking and Investment of 2.8%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 9.2% annually.
Industry Valuation and Performance
Has the Saudi Arabian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | ر.س1.0t | ر.س152.8b | ر.س88.5b | 9.6x | 11.5x | 6.6x |
| Mon, 06 Apr 2026 | ر.س1.1t | ر.س150.1b | ر.س87.1b | 10.2x | 12.4x | 7.2x |
| Wed, 04 Mar 2026 | ر.س1.0t | ر.س150.1b | ر.س87.1b | 9.8x | 11.5x | 6.7x |
| Fri, 30 Jan 2026 | ر.س1.1t | ر.س148.6b | ر.س89.2b | 10.2x | 12.2x | 7.3x |
| Sun, 28 Dec 2025 | ر.س973.0b | ر.س147.0b | ر.س85.1b | 9.4x | 11.4x | 6.6x |
| Tue, 25 Nov 2025 | ر.س968.6b | ر.س147.0b | ر.س85.1b | 9.3x | 11.4x | 6.6x |
| Thu, 23 Oct 2025 | ر.س1.0t | ر.س147.4b | ر.س85.6b | 9.7x | 12.3x | 7.1x |
| Sat, 20 Sep 2025 | ر.س942.6b | ر.س143.5b | ر.س82.5b | 9.3x | 11.4x | 6.6x |
| Mon, 18 Aug 2025 | ر.س963.1b | ر.س143.5b | ر.س82.5b | 9.7x | 11.7x | 6.7x |
| Wed, 16 Jul 2025 | ر.س975.7b | ر.س139.0b | ر.س79.5b | 10.1x | 12.3x | 7x |
| Fri, 13 Jun 2025 | ر.س947.1b | ر.س139.0b | ر.س79.5b | 9.9x | 11.9x | 6.8x |
| Sun, 11 May 2025 | ر.س988.1b | ر.س139.0b | ر.س79.5b | 10.1x | 12.4x | 7.1x |
| Tue, 08 Apr 2025 | ر.س962.3b | ر.س134.2b | ر.س76.3b | 9.9x | 12.6x | 7.2x |
| Thu, 06 Mar 2025 | ر.س1.0t | ر.س134.2b | ر.س76.3b | 10.2x | 13.4x | 7.6x |
| Sat, 01 Feb 2025 | ر.س1.0t | ر.س127.4b | ر.س74.9b | 10.5x | 13.4x | 7.9x |
| Mon, 30 Dec 2024 | ر.س956.1b | ر.س129.7b | ر.س73.0b | 10.2x | 13.1x | 7.4x |
| Wed, 27 Nov 2024 | ر.س935.5b | ر.س129.7b | ر.س73.0b | 10x | 12.8x | 7.2x |
| Fri, 25 Oct 2024 | ر.س914.3b | ر.س127.2b | ر.س71.3b | 10.1x | 12.8x | 7.2x |
| Sun, 22 Sep 2024 | ر.س953.5b | ر.س126.6b | ر.س70.8b | 10.4x | 13.5x | 7.5x |
| Tue, 20 Aug 2024 | ر.س935.8b | ر.س126.6b | ر.س70.8b | 10.4x | 13.2x | 7.4x |
| Thu, 18 Jul 2024 | ر.س955.7b | ر.س123.6b | ر.س68.6b | 11.3x | 13.9x | 7.7x |
| Sat, 15 Jun 2024 | ر.س911.2b | ر.س123.6b | ر.س68.6b | 10.8x | 13.3x | 7.4x |
| Mon, 13 May 2024 | ر.س939.3b | ر.س123.5b | ر.س68.7b | 11.2x | 13.7x | 7.6x |
| Wed, 10 Apr 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.6x | 15.2x | 8.4x |
| Fri, 08 Mar 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.3x | 15x | 8.3x |
| Sun, 04 Feb 2024 | ر.س994.9b | ر.س119.1b | ر.س66.8b | 12.4x | 14.9x | 8.4x |
| Tue, 02 Jan 2024 | ر.س985.4b | ر.س119.3b | ر.س66.6b | 12.1x | 14.8x | 8.3x |
| Thu, 30 Nov 2023 | ر.س875.4b | ر.س119.3b | ر.س66.6b | 10.9x | 13.2x | 7.3x |
| Sat, 28 Oct 2023 | ر.س792.7b | ر.س116.4b | ر.س65.5b | 10.8x | 12.1x | 6.8x |
| Mon, 25 Sep 2023 | ر.س839.5b | ر.س116.6b | ر.س65.3b | 11.5x | 12.9x | 7.2x |
| Wed, 23 Aug 2023 | ر.س894.0b | ر.س116.6b | ر.س65.3b | 11.9x | 13.7x | 7.7x |
| Fri, 21 Jul 2023 | ر.س957.1b | ر.س113.2b | ر.س63.6b | 14.8x | 15.1x | 8.5x |
| Sun, 18 Jun 2023 | ر.س925.0b | ر.س113.2b | ر.س63.6b | 14x | 14.5x | 8.2x |
| Tue, 16 May 2023 | ر.س907.0b | ر.س114.7b | ر.س62.1b | 14.1x | 14.6x | 7.9x |
Price to Earnings Ratio
14.6x
Current Industry PE
- Investors are pessimistic on the Saudi Banks 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 11.5x which is lower than its 3-year average PE of 13.1x.
- The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 10% 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 industry?
| SA Market | -1.70% | |
| Financials | -1.14% | |
| Banks | -1.45% | |
| Diversified Banks | -1.45% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 13.1x.
- Analysts expect its future annual earnings growth (9.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.2% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| 1010 Riyad Bank | ر.س20.84 | 0.4% +ر.س358.5m | -4.5% | PB1x | |
| 1060 Saudi Awwal Bank | ر.س34.18 | 0.4% +ر.س287.7m | -0.9% | PB0.9x | |
| 1050 Banque Saudi Fransi | ر.س19.40 | 0.5% +ر.س222.6m | 8.7% | PB0.9x | |
| 1030 Saudi Investment Bank | ر.س13.40 | 1.1% +ر.س187.1m | -9.9% | PB0.7x | |
| 1180 Saudi National Bank | ر.س39.30 | 0.05% +ر.س118.7m | 11.8% | PB1.1x |
