Analysis Article • May 17
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Saudi Arabian (Tadawul) Industrials Sector Analysis
UpdatedMay 18, 2026
DataAggregated Company Financials
Companies59
- 7D-1.8%
- 3M-5.0%
- 1Y-11.5%
- YTD-3.7%
Over the last 7 days, the Industrials industry has dropped 2.1%, driven by declines in Electrical Industries and Riyadh Cables Group of 3.5% and 3.2%, respectively. On the other hand Maharah for Human Resources is actually up 7.6%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Saudi Arabian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | ر.س128.1b | ر.س72.9b | ر.س6.1b | 15.5x | 21.1x | 1.8x |
| Wed, 15 Apr 2026 | ر.س132.7b | ر.س71.1b | ر.س6.5b | 14.8x | 20.5x | 1.9x |
| Fri, 13 Mar 2026 | ر.س124.7b | ر.س70.3b | ر.س5.8b | 13.7x | 21.4x | 1.8x |
| Sun, 08 Feb 2026 | ر.س133.8b | ر.س69.5b | ر.س5.5b | 14.7x | 24.2x | 1.9x |
| Tue, 06 Jan 2026 | ر.س129.5b | ر.س69.1b | ر.س5.5b | 14.9x | 23.5x | 1.9x |
| Thu, 04 Dec 2025 | ر.س131.7b | ر.س68.8b | ر.س5.5b | 15.9x | 24.1x | 1.9x |
| Sat, 01 Nov 2025 | ر.س145.7b | ر.س66.6b | ر.س5.1b | 18.2x | 28.7x | 2.2x |
| Mon, 29 Sep 2025 | ر.س140.6b | ر.س66.5b | ر.س5.0b | 18.2x | 28x | 2.1x |
| Wed, 27 Aug 2025 | ر.س141.2b | ر.س66.2b | ر.س5.0b | 19.6x | 28.1x | 2.1x |
| Fri, 25 Jul 2025 | ر.س142.2b | ر.س64.1b | ر.س5.7b | 20.5x | 25.1x | 2.2x |
| Sun, 22 Jun 2025 | ر.س135.7b | ر.س63.6b | ر.س5.7b | 19x | 23.9x | 2.1x |
| Tue, 20 May 2025 | ر.س131.1b | ر.س55.8b | ر.س5.2b | 20.2x | 25x | 2.3x |
| Thu, 17 Apr 2025 | ر.س130.1b | ر.س54.8b | ر.س5.5b | 19.6x | 23.8x | 2.4x |
| Sat, 15 Mar 2025 | ر.س134.1b | ر.س51.9b | ر.س5.2b | 20.3x | 25.8x | 2.6x |
| Mon, 10 Feb 2025 | ر.س154.0b | ر.س51.3b | ر.س5.0b | 22.6x | 30.9x | 3x |
| Wed, 08 Jan 2025 | ر.س153.9b | ر.س51.1b | ر.س5.0b | 23.1x | 31x | 3x |
| Fri, 06 Dec 2024 | ر.س147.4b | ر.س51.1b | ر.س5.0b | 21.5x | 29.7x | 2.9x |
| Sun, 03 Nov 2024 | ر.س139.9b | ر.س49.7b | ر.س4.6b | 22.7x | 30.4x | 2.8x |
| Tue, 01 Oct 2024 | ر.س137.2b | ر.س49.7b | ر.س4.3b | 21.9x | 31.6x | 2.8x |
| Thu, 29 Aug 2024 | ر.س140.0b | ر.س49.2b | ر.س4.3b | 22.9x | 32.4x | 2.8x |
| Sat, 27 Jul 2024 | ر.س138.8b | ر.س48.0b | ر.س4.2b | 24.1x | 32.7x | 2.9x |
| Mon, 24 Jun 2024 | ر.س130.8b | ر.س47.9b | ر.س4.2b | 21.8x | 31x | 2.7x |
| Wed, 22 May 2024 | ر.س127.5b | ر.س45.5b | ر.س3.9b | 23.2x | 32.4x | 2.8x |
| Fri, 19 Apr 2024 | ر.س129.0b | ر.س44.8b | ر.س3.3b | 24.3x | 38.7x | 2.9x |
| Sun, 17 Mar 2024 | ر.س135.2b | ر.س43.8b | ر.س3.4b | 26.5x | 39.3x | 3.1x |
| Tue, 13 Feb 2024 | ر.س126.8b | ر.س43.7b | ر.س3.3b | 22.8x | 38.5x | 2.9x |
| Thu, 11 Jan 2024 | ر.س114.2b | ر.س43.7b | ر.س3.3b | 22.9x | 34.7x | 2.6x |
| Sat, 09 Dec 2023 | ر.س100.2b | ر.س44.0b | ر.س3.3b | 20.9x | 30.2x | 2.3x |
| Mon, 06 Nov 2023 | ر.س90.2b | ر.س42.8b | ر.س3.1b | 18.5x | 29.3x | 2.1x |
| Wed, 04 Oct 2023 | ر.س78.4b | ر.س41.0b | ر.س2.7b | 20.4x | 28.6x | 1.9x |
| Fri, 01 Sep 2023 | ر.س77.5b | ر.س39.7b | ر.س2.6b | 21x | 30.2x | 2x |
| Sun, 30 Jul 2023 | ر.س76.9b | ر.س38.3b | ر.س2.2b | 23.4x | 35.6x | 2x |
| Tue, 27 Jun 2023 | ر.س74.0b | ر.س37.7b | ر.س2.1b | 22.1x | 34.6x | 2x |
| Thu, 25 May 2023 | ر.س66.7b | ر.س35.7b | ر.س2.0b | 21.8x | 34x | 1.9x |
Price to Earnings Ratio
34x
Current Industry PE
- Investors are pessimistic on the Saudi Industrials 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 20.8x which is lower than its 3-year average PE of 29.2x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 27% 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 Industrials sector?
| SA Market | 0.33% | |
| Industrials | -1.76% | |
| Professional Services | 3.21% | |
| Commercial Services | 0.31% | |
| Logistics | 0.18% | |
| Airlines | 0% | 0 |
| Infrastructure | -0.13% | |
| Machinery | -1.56% | |
| Industrials | -1.77% | |
| Transportation | -2.81% | |
| Construction | -2.83% | |
| Electrical | -2.92% | |
| Building | -4.56% | |
| Trade Distributors | -5.72% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry, which is trading close to its 3-year average PE ratio of 51.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Trade Distributors industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 10.0% per year.
- In contrast, the Building industry is expected to see its earnings decline by 47% 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 | |
|---|---|---|---|---|---|
| 1831 Maharah for Human Resources | ر.س6.50 | 7.6% +ر.س207.0m | 21.3% | PE9.3x | |
| 2190 Sustained Infrastructure Holding | ر.س35.10 | 6.7% +ر.س178.9m | 18.4% | PE29.2x | |
| 2370 Middle East Specialized Cables | ر.س32.90 | 9.6% +ر.س115.2m | -1.6% | PE12.9x | |
| 1833 Almawarid Manpower | ر.س93.95 | 3.9% +ر.س70.0m | -12.0% | PE13.6x | |
| 9540 National Environmental Recycling | ر.س4.00 | 5.5% +ر.س47.8m | 4.6% | PE14.4x |
