We Like The Quality Of Riyadh Steel's (TADAWUL:9588) Earnings
Apr 02
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies13
- 7D5.4%
- 3M14.9%
- 1Y8.1%
- YTDn/a
Over the last 7 days, the Steel industry has risen 6.2%, driven by gains from East Pipes Integrated Company for Industry of 8.0%. This takes the industry's 12 month performance to a gain of 7.8%. As for the next few years, earnings are forecast to decline by 1.0% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | ر.س16.2b | ر.س16.9b | ر.س1.1b | 19.5x | 14.9x | 1x |
| Thu, 05 Mar 2026 | ر.س14.1b | ر.س16.3b | ر.س1.1b | 22.6x | 12.9x | 0.9x |
| Sat, 31 Jan 2026 | ر.س15.5b | ر.س16.2b | ر.س1.0b | 30.4x | 15.2x | 1x |
| Mon, 29 Dec 2025 | ر.س13.7b | ر.س15.7b | ر.س891.8m | 29.5x | 15.4x | 0.9x |
| Wed, 26 Nov 2025 | ر.س14.5b | ر.س15.8b | ر.س880.4m | 32.9x | 16.5x | 0.9x |
| Fri, 24 Oct 2025 | ر.س15.3b | ر.س15.9b | ر.س863.6m | 32.9x | 17.7x | 1x |
| Sun, 21 Sep 2025 | ر.س14.0b | ر.س15.9b | ر.س863.6m | 31.4x | 16.2x | 0.9x |
| Tue, 19 Aug 2025 | ر.س14.4b | ر.س15.7b | ر.س876.5m | 33.2x | 16.5x | 0.9x |
| Thu, 17 Jul 2025 | ر.س15.1b | ر.س15.8b | ر.س829.1m | 30.5x | 18.2x | 1x |
| Sat, 14 Jun 2025 | ر.س13.7b | ر.س15.7b | ر.س838.3m | 20.8x | 16.4x | 0.9x |
| Mon, 12 May 2025 | ر.س15.2b | ر.س15.5b | ر.س919.8m | 29.8x | 16.6x | 1x |
| Wed, 09 Apr 2025 | ر.س15.1b | ر.س15.5b | ر.س922.8m | 28.6x | 16.3x | 1x |
| Fri, 07 Mar 2025 | ر.س16.0b | ر.س15.2b | ر.س891.6m | 32.8x | 17.9x | 1x |
| Sun, 02 Feb 2025 | ر.س18.3b | ر.س15.4b | ر.س889.9m | 28.5x | 20.6x | 1.2x |
| Tue, 31 Dec 2024 | ر.س16.7b | ر.س15.4b | ر.س889.3m | 24.2x | 18.7x | 1.1x |
| Thu, 28 Nov 2024 | ر.س16.2b | ر.س15.4b | ر.س862.6m | 35.1x | 18.8x | 1x |
| Sat, 26 Oct 2024 | ر.س17.0b | ر.س14.6b | ر.س699.0m | 37.7x | 24.4x | 1.2x |
| Mon, 23 Sep 2024 | ر.س17.2b | ر.س14.6b | ر.س699.0m | 38.7x | 24.6x | 1.2x |
| Wed, 21 Aug 2024 | ر.س16.8b | ر.س14.4b | ر.س696.8m | 38x | 24.2x | 1.2x |
| Fri, 19 Jul 2024 | ر.س18.1b | ر.س13.6b | ر.س372.3m | 25.8x | 48.5x | 1.3x |
| Sun, 16 Jun 2024 | ر.س16.9b | ر.س13.5b | ر.س356.9m | 36.9x | 47.5x | 1.3x |
| Tue, 14 May 2024 | ر.س18.2b | ر.س12.8b | ر.س97.3m | 47.2x | 187.2x | 1.4x |
| Thu, 11 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Sat, 09 Mar 2024 | ر.س16.6b | ر.س12.3b | -ر.س6,359,405.00 | 34x | -2606.3x | 1.3x |
| Mon, 05 Feb 2024 | ر.س12.2b | ر.س11.7b | -ر.س161,898,197.00 | 30.8x | -75.3x | 1x |
| Wed, 03 Jan 2024 | ر.س12.0b | ر.س11.6b | -ر.س235,300,965.00 | 29.7x | -50.8x | 1x |
| Fri, 01 Dec 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 25.6x | -43.8x | 0.9x |
| Sun, 29 Oct 2023 | ر.س9.5b | ر.س11.3b | -ر.س256,370,446.00 | 26x | -37x | 0.8x |
| Tue, 26 Sep 2023 | ر.س10.4b | ر.س11.2b | -ر.س249,995,901.00 | 20.6x | -41.4x | 0.9x |
| Thu, 24 Aug 2023 | ر.س10.1b | ر.س11.2b | -ر.س249,995,871.00 | 20x | -40.4x | 0.9x |
| Sat, 22 Jul 2023 | ر.س9.5b | ر.س10.2b | -ر.س151,832,195.00 | 26.7x | -62.5x | 0.9x |
| Mon, 19 Jun 2023 | ر.س9.5b | ر.س9.9b | -ر.س159,531,461.00 | 24.2x | -59.4x | 1x |
| Wed, 17 May 2023 | ر.س8.5b | ر.س9.5b | -ر.س143,110,011.00 | 22.5x | -59.6x | 0.9x |
| Fri, 14 Apr 2023 | ر.س8.1b | ر.س9.4b | -ر.س137,779,463.00 | 21.4x | -58.6x | 0.9x |
Price to Earnings Ratio
-58.6x
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 14.8x which is higher than its 3-year average PE of 12.2x.
- 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 21% 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 | 0.86% | |
| Materials | 3.03% | |
| Metals and Mining | 3.58% | |
| Steel | 5.39% | |
| Diversified Metals and Mining | 3.46% | |
| 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.س169.50 | 8.0% +ر.س393.8m | 22.5% | PE10.8x | |
| 1320 Saudi Steel Pipes | ر.س49.76 | 12.8% +ر.س286.1m | -3.9% | PE13.1x | |
| 1304 Al Yamamah Steel Industries | ر.س37.04 | 4.3% +ر.س78.2m | 22.2% | PE20.3x | |
| 9523 Group Five Pipe Saudi | ر.س44.86 | 5.8% +ر.س68.9m | 21.1% | PE8.7x | |
| 2200 Arabian Pipes | ر.س6.14 | 5.9% +ر.س68.0m | -11.6% | PE11.1x |
