Market Might Still Lack Some Conviction On Group Five Pipe Saudi Company (TADAWUL:9523) Even After 31% Share Price Boost
Jan 30
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedMar 06, 2026
DataAggregated Company Financials
Companies13
- 7D-2.0%
- 3M-1.2%
- 1Y-12.5%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.0%, driven by a pullback from East Pipes Integrated Company for Industry of 2.8%. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to decline by 1.2% per year.
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 |
|---|---|---|---|---|---|---|
| Fri, 06 Mar 2026 | ر.س14.1b | ر.س16.5b | ر.س1.2b | 22.8x | 11.9x | 0.9x |
| Sun, 01 Feb 2026 | ر.س15.5b | ر.س16.2b | ر.س1.0b | 30.4x | 15.2x | 1x |
| Tue, 30 Dec 2025 | ر.س13.8b | ر.س15.7b | ر.س891.8m | 29.6x | 15.4x | 0.9x |
| Thu, 27 Nov 2025 | ر.س14.3b | ر.س15.8b | ر.س880.4m | 32.4x | 16.3x | 0.9x |
| Sat, 25 Oct 2025 | ر.س15.3b | ر.س15.9b | ر.س863.6m | 32.9x | 17.7x | 1x |
| Mon, 22 Sep 2025 | ر.س14.0b | ر.س15.9b | ر.س863.6m | 31.7x | 16.2x | 0.9x |
| Wed, 20 Aug 2025 | ر.س14.5b | ر.س15.7b | ر.س876.5m | 32.9x | 16.5x | 0.9x |
| Fri, 18 Jul 2025 | ر.س15.0b | ر.س15.8b | ر.س829.1m | 30.1x | 18x | 0.9x |
| Sun, 15 Jun 2025 | ر.س13.7b | ر.س15.7b | ر.س838.3m | 20.8x | 16.4x | 0.9x |
| Tue, 13 May 2025 | ر.س15.5b | ر.س15.5b | ر.س919.8m | 29.9x | 16.8x | 1x |
| Thu, 10 Apr 2025 | ر.س14.7b | ر.س15.5b | ر.س922.8m | 28.5x | 16x | 1x |
| Sat, 08 Mar 2025 | ر.س16.0b | ر.س15.1b | ر.س865.7m | 32.8x | 18.4x | 1.1x |
| Mon, 03 Feb 2025 | ر.س18.4b | ر.س15.4b | ر.س889.9m | 28.3x | 20.6x | 1.2x |
| Wed, 01 Jan 2025 | ر.س16.8b | ر.س15.4b | ر.س889.3m | 24.2x | 18.8x | 1.1x |
| Fri, 29 Nov 2024 | ر.س16.5b | ر.س15.4b | ر.س862.6m | 34.7x | 19.1x | 1.1x |
| Sun, 27 Oct 2024 | ر.س17.0b | ر.س14.6b | ر.س699.0m | 37.7x | 24.4x | 1.2x |
| Tue, 24 Sep 2024 | ر.س17.2b | ر.س14.6b | ر.س699.0m | 38.7x | 24.6x | 1.2x |
| Thu, 22 Aug 2024 | ر.س16.9b | ر.س14.4b | ر.س696.8m | 38.1x | 24.3x | 1.2x |
| Sat, 20 Jul 2024 | ر.س18.1b | ر.س13.6b | ر.س372.3m | 25.8x | 48.6x | 1.3x |
| Mon, 17 Jun 2024 | ر.س16.9b | ر.س13.5b | ر.س356.9m | 36.9x | 47.5x | 1.3x |
| Wed, 15 May 2024 | ر.س17.8b | ر.س12.8b | ر.س77.0m | 45.9x | 231.1x | 1.4x |
| Fri, 12 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Sun, 10 Mar 2024 | ر.س16.6b | ر.س12.3b | -ر.س6,359,405.00 | 34x | -2606.3x | 1.3x |
| Tue, 06 Feb 2024 | ر.س12.3b | ر.س11.7b | -ر.س161,898,197.00 | 30.9x | -75.9x | 1x |
| Thu, 04 Jan 2024 | ر.س11.8b | ر.س11.6b | -ر.س235,300,965.00 | 28.7x | -50.1x | 1x |
| Sat, 02 Dec 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 25.6x | -43.8x | 0.9x |
| Mon, 30 Oct 2023 | ر.س9.5b | ر.س11.3b | -ر.س256,370,446.00 | 27.1x | -37x | 0.8x |
| Wed, 27 Sep 2023 | ر.س10.3b | ر.س11.2b | -ر.س249,995,901.00 | 20.5x | -41.1x | 0.9x |
| Fri, 25 Aug 2023 | ر.س10.2b | ر.س11.2b | -ر.س249,995,871.00 | 20.1x | -40.7x | 0.9x |
| Sun, 23 Jul 2023 | ر.س9.5b | ر.س10.2b | -ر.س151,832,195.00 | 26.7x | -62.5x | 0.9x |
| Tue, 20 Jun 2023 | ر.س9.3b | ر.س9.9b | -ر.س159,531,461.00 | 23.6x | -58.5x | 0.9x |
| Thu, 18 May 2023 | ر.س8.6b | ر.س9.5b | -ر.س143,110,011.00 | 22.6x | -60x | 0.9x |
| Sat, 15 Apr 2023 | ر.س8.1b | ر.س9.4b | -ر.س137,779,463.00 | 21.4x | -58.7x | 0.9x |
| Mon, 13 Mar 2023 | ر.س7.3b | ر.س9.1b | -ر.س178,599,239.00 | 20.4x | -41x | 0.8x |
Price to Earnings Ratio
-41x
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 11.9x which is higher than its 3-year average PE of 10.6x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.86x.
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 22% 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 | 2.50% | |
| Materials | 2.13% | |
| Metals and Mining | 1.27% | |
| Steel | -2.01% | |
| Diversified Metals and Mining | 1.44% | |
| 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 | |
|---|---|---|---|---|---|
| 9599 Taqat Mineral Trading | ر.س12.96 | 2.3% +ر.س3.5m | 25.6% | PS0.6x | |
| 2220 National Metal Manufacturing and Casting | ر.س11.70 | 0.7% +ر.س2.8m | -25.9% | PS1.7x |