Analysis Article • Jul 24
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Saudi Arabian (Tadawul) Banks Industry Analysis
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies10
- 7D1.4%
- 3M-3.5%
- 1Y3.3%
- YTD2.6%
In the last week, the Banks industry is up 1.4%, with Saudi National Bank up 3.7%. This means that the industry has gained 3.3% over the past year. Earnings are forecast to grow by 8.1% 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, 25 Jul 2026 | ر.س1.0t | ر.س154.8b | ر.س90.3b | 9.9x | 11.2x | 6.5x |
| Mon, 22 Jun 2026 | ر.س1.0t | ر.س152.8b | ر.س88.5b | 9.9x | 11.7x | 6.8x |
| Wed, 20 May 2026 | ر.س1.0t | ر.س152.8b | ر.س88.5b | 9.6x | 11.4x | 6.6x |
| Fri, 17 Apr 2026 | ر.س1.1t | ر.س150.1b | ر.س87.1b | 10.5x | 12.6x | 7.3x |
| Sun, 15 Mar 2026 | ر.س1.0t | ر.س150.1b | ر.س87.1b | 9.8x | 11.8x | 6.9x |
| Tue, 10 Feb 2026 | ر.س1.1t | ر.س150.1b | ر.س87.8b | 9.9x | 12.2x | 7.2x |
| Thu, 08 Jan 2026 | ر.س992.6b | ر.س147.0b | ر.س85.1b | 9.7x | 11.7x | 6.8x |
| Sat, 06 Dec 2025 | ر.س960.3b | ر.س147.0b | ر.س85.1b | 9.3x | 11.3x | 6.5x |
| Mon, 03 Nov 2025 | ر.س1.0t | ر.س147.1b | ر.س85.3b | 9.8x | 12x | 7x |
| Wed, 01 Oct 2025 | ر.س1.0t | ر.س143.5b | ر.س82.5b | 10.2x | 12.7x | 7.3x |
| Fri, 29 Aug 2025 | ر.س950.9b | ر.س143.5b | ر.س82.5b | 9.4x | 11.5x | 6.6x |
| Sun, 27 Jul 2025 | ر.س975.4b | ر.س142.1b | ر.س82.2b | 10x | 11.9x | 6.9x |
| Tue, 24 Jun 2025 | ر.س929.6b | ر.س139.0b | ر.س79.5b | 9.6x | 11.7x | 6.7x |
| Thu, 22 May 2025 | ر.س984.2b | ر.س139.0b | ر.س79.5b | 10x | 12.4x | 7.1x |
| Sat, 19 Apr 2025 | ر.س994.4b | ر.س134.2b | ر.س76.3b | 10.2x | 13x | 7.4x |
| Mon, 17 Mar 2025 | ر.س1.0t | ر.س134.2b | ر.س76.3b | 10x | 13.3x | 7.5x |
| Wed, 12 Feb 2025 | ر.س1.0t | ر.س133.7b | ر.س76.3b | 10.3x | 13.2x | 7.6x |
| Fri, 10 Jan 2025 | ر.س975.7b | ر.س129.7b | ر.س73.0b | 10.2x | 13.4x | 7.5x |
| Sun, 08 Dec 2024 | ر.س943.7b | ر.س129.7b | ر.س73.0b | 10.3x | 12.9x | 7.3x |
| Tue, 05 Nov 2024 | ر.س920.1b | ر.س129.7b | ر.س73.1b | 9.6x | 12.6x | 7.1x |
| Thu, 03 Oct 2024 | ر.س934.5b | ر.س126.6b | ر.س70.8b | 10.2x | 13.2x | 7.4x |
| Sat, 31 Aug 2024 | ر.س948.8b | ر.س126.6b | ر.س70.8b | 10.3x | 13.4x | 7.5x |
| Mon, 29 Jul 2024 | ر.س957.0b | ر.س123.6b | ر.س68.6b | 11.4x | 13.9x | 7.7x |
| Wed, 26 Jun 2024 | ر.س932.2b | ر.س123.6b | ر.س68.6b | 11x | 13.6x | 7.5x |
| Fri, 24 May 2024 | ر.س912.2b | ر.س123.6b | ر.س68.6b | 10.8x | 13.3x | 7.4x |
| Sun, 21 Apr 2024 | ر.س962.8b | ر.س121.5b | ر.س67.3b | 11.6x | 14.3x | 7.9x |
| Tue, 19 Mar 2024 | ر.س1.0t | ر.س121.5b | ر.س67.3b | 12.3x | 15x | 8.3x |
| Thu, 15 Feb 2024 | ر.س1.0t | ر.س120.4b | ر.س68.0b | 12.2x | 15.1x | 8.5x |
| Sat, 13 Jan 2024 | ر.س1.0t | ر.س119.3b | ر.س66.6b | 12.6x | 15.1x | 8.4x |
| Mon, 11 Dec 2023 | ر.س878.7b | ر.س119.3b | ر.س66.6b | 10.9x | 13.2x | 7.4x |
| Wed, 08 Nov 2023 | ر.س870.2b | ر.س119.3b | ر.س66.6b | 11.3x | 13.1x | 7.3x |
| Fri, 06 Oct 2023 | ر.س829.4b | ر.س116.6b | ر.س65.3b | 11.1x | 12.7x | 7.1x |
| Sun, 03 Sep 2023 | ر.س899.0b | ر.س116.6b | ر.س65.3b | 12.1x | 13.8x | 7.7x |
| Tue, 01 Aug 2023 | ر.س941.8b | ر.س114.1b | ر.س64.3b | 14.1x | 14.6x | 8.3x |
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 11.2x which is lower than its 3-year average PE of 12.9x.
- The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 0.77% | |
| Financials | 1.45% | |
| Banks | 1.44% | |
| Diversified Banks | 1.44% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 12.9x.
- Analysts expect its future annual earnings growth (8.1%) 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 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.1% 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 8.1% 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.س39.56 | 3.7% +ر.س8.4b | 7.1% | PB1.1x | |
| 1050 Banque Saudi Fransi | ر.س20.50 | 5.3% +ر.س2.6b | 16.3% | PB1x | |
| 1060 Saudi Awwal Bank | ر.س33.30 | 3.5% +ر.س2.3b | 2.2% | PB0.8x | |
| 1080 Arab National Bank | ر.س21.84 | 5.1% +ر.س2.1b | 1.2% | PB0.9x | |
| 1010 Riyad Bank | ر.س21.08 | 1.8% +ر.س1.5b | 1.0% | PB1x |