We Like The Quality Of Riyadh Steel's (TADAWUL:9588) Earnings
Apr 02
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedApr 05, 2026
DataAggregated Company Financials
Companies13
- 7D8.0%
- 3M15.8%
- 1Y-1.5%
- YTDn/a
Over the last 7 days, the Steel industry has risen 8.0%, driven by gains from East Pipes Integrated Company for Industry of 14%. Despite this gain, the industry's performance has been flat over the past year. In the next few years, earnings are forecast to decline by 1.0% annually.
Industry Valuation and Performance
Has the Saudi Arabian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | ر.س16.0b | ر.س16.9b | ر.س1.1b | 18.9x | 14.8x | 0.9x |
| Tue, 03 Mar 2026 | ر.س13.9b | ر.س16.4b | ر.س1.1b | 22.3x | 12.6x | 0.8x |
| Thu, 29 Jan 2026 | ر.س15.6b | ر.س16.2b | ر.س1.0b | 31.2x | 15.4x | 1x |
| Sat, 27 Dec 2025 | ر.س14.2b | ر.س15.7b | ر.س891.8m | 29.9x | 16x | 0.9x |
| Mon, 24 Nov 2025 | ر.س14.9b | ر.س15.8b | ر.س880.4m | 33.9x | 17x | 0.9x |
| Wed, 22 Oct 2025 | ر.س15.3b | ر.س15.9b | ر.س863.6m | 32.3x | 17.7x | 1x |
| Fri, 19 Sep 2025 | ر.س14.0b | ر.س15.9b | ر.س863.6m | 31.4x | 16.2x | 0.9x |
| Sun, 17 Aug 2025 | ر.س14.1b | ر.س15.7b | ر.س876.5m | 32.3x | 16.1x | 0.9x |
| Tue, 15 Jul 2025 | ر.س15.3b | ر.س15.8b | ر.س829.1m | 30.8x | 18.5x | 1x |
| Thu, 12 Jun 2025 | ر.س14.4b | ر.س15.7b | ر.س838.3m | 21.5x | 17.2x | 0.9x |
| Sat, 10 May 2025 | ر.س15.2b | ر.س15.5b | ر.س919.8m | 30x | 16.6x | 1x |
| Mon, 07 Apr 2025 | ر.س16.2b | ر.س15.5b | ر.س922.8m | 29.7x | 17.5x | 1x |
| Wed, 05 Mar 2025 | ر.س16.5b | ر.س15.2b | ر.س891.6m | 33.9x | 18.5x | 1.1x |
| Fri, 31 Jan 2025 | ر.س18.3b | ر.س15.4b | ر.س889.9m | 28.5x | 20.6x | 1.2x |
| Sun, 29 Dec 2024 | ر.س16.6b | ر.س15.4b | ر.س862.6m | 35.3x | 19.2x | 1.1x |
| Tue, 26 Nov 2024 | ر.س16.3b | ر.س15.4b | ر.س862.6m | 36x | 18.9x | 1.1x |
| Thu, 24 Oct 2024 | ر.س17.1b | ر.س14.6b | ر.س699.0m | 38x | 24.5x | 1.2x |
| Sat, 21 Sep 2024 | ر.س17.2b | ر.س14.6b | ر.س699.0m | 38.5x | 24.6x | 1.2x |
| Mon, 19 Aug 2024 | ر.س16.4b | ر.س14.4b | ر.س696.8m | 37.9x | 23.5x | 1.1x |
| Wed, 17 Jul 2024 | ر.س18.1b | ر.س13.6b | ر.س372.3m | 26.4x | 48.7x | 1.3x |
| Fri, 14 Jun 2024 | ر.س17.1b | ر.س13.5b | ر.س351.6m | 36.9x | 48.6x | 1.3x |
| Sun, 12 May 2024 | ر.س17.9b | ر.س12.8b | ر.س97.3m | 48x | 184x | 1.4x |
| Tue, 09 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Thu, 07 Mar 2024 | ر.س16.2b | ر.س12.3b | -ر.س6,359,405.00 | 31.5x | -2546.1x | 1.3x |
| Sat, 03 Feb 2024 | ر.س12.1b | ر.س11.7b | -ر.س161,898,197.00 | 31.4x | -75x | 1x |
| Mon, 01 Jan 2024 | ر.س11.9b | ر.س11.6b | -ر.س235,300,965.00 | 29.6x | -50.4x | 1x |
| Wed, 29 Nov 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 25.5x | -43.7x | 0.9x |
| Fri, 27 Oct 2023 | ر.س9.4b | ر.س11.3b | -ر.س256,370,446.00 | 26x | -36.9x | 0.8x |
| Sun, 24 Sep 2023 | ر.س10.5b | ر.س11.2b | -ر.س249,995,901.00 | 21x | -42.2x | 0.9x |
| Tue, 22 Aug 2023 | ر.س10.3b | ر.س11.2b | -ر.س249,995,871.00 | 19.9x | -41.1x | 0.9x |
| Thu, 20 Jul 2023 | ر.س9.5b | ر.س10.2b | -ر.س151,832,195.00 | 27.2x | -62.7x | 0.9x |
| Sat, 17 Jun 2023 | ر.س9.5b | ر.س9.9b | -ر.س159,531,461.00 | 24.3x | -59.4x | 1x |
| Mon, 15 May 2023 | ر.س8.5b | ر.س9.5b | -ر.س143,110,011.00 | 22.6x | -59.7x | 0.9x |
| Wed, 12 Apr 2023 | ر.س7.9b | ر.س9.3b | -ر.س179,745,805.00 | 20.5x | -44.1x | 0.9x |
Price to Earnings Ratio
-44.1x
Current Industry PE
- Investors are optimistic on the Saudi Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.7x which is higher than its 3-year average PE of 12.0x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Steel industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Saudi Arabian Steel compare with similar industries?
| SA Market | 2.02% | |
| Materials | 2.22% | |
| Metals and Mining | 1.63% | |
| Steel | 7.98% | |
| Diversified Metals and Mining | 1.25% | |
| Aluminum | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1321 East Pipes Integrated Company for Industry | ر.س172.00 | 13.9% +ر.س661.5m | 17.0% | PE11x | |
| 1320 Saudi Steel Pipes | ر.س48.64 | 18.5% +ر.س384.1m | -18.1% | PE12.8x | |
| 2200 Arabian Pipes | ر.س6.15 | 13.3% +ر.س144.0m | -20.5% | PE11.1x | |
| 9523 Group Five Pipe Saudi | ر.س44.98 | 7.1% +ر.س83.4m | 15.8% | PE8.7x | |
| 1301 United Wire Factories | ر.س17.75 | 2.5% +ر.س12.1m | -30.0% | PE84.5x |
