Be Wary Of Riyadh Steel (TADAWUL:9588) And Its Returns On Capital
Dec 25
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies13
- 7D-1.2%
- 3M-7.1%
- 1Y-17.9%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 4.7%, and East Pipes Integrated Company for Industry contributed the most with a 2.1% decline. Meanwhile, BENA Steel Industries actually outperformed within the industry, gaining 5.6% in the last week. The industry has fallen 20% in the last year. As for the next few years, earnings are expected to grow by 4.7% 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 |
|---|---|---|---|---|---|---|
| Fri, 02 Jan 2026 | ر.س14.1b | ر.س15.7b | ر.س901.8m | 27.5x | 15.6x | 0.9x |
| Sun, 30 Nov 2025 | ر.س14.3b | ر.س15.8b | ر.س880.4m | 32.2x | 16.2x | 0.9x |
| Tue, 28 Oct 2025 | ر.س15.6b | ر.س15.9b | ر.س863.6m | 32.5x | 18.1x | 1x |
| Thu, 25 Sep 2025 | ر.س14.7b | ر.س15.9b | ر.س863.6m | 33.1x | 17x | 0.9x |
| Sat, 23 Aug 2025 | ر.س14.3b | ر.س15.7b | ر.س876.5m | 32.1x | 16.3x | 0.9x |
| Mon, 21 Jul 2025 | ر.س15.1b | ر.س15.8b | ر.س829.1m | 30.1x | 18.2x | 1x |
| Wed, 18 Jun 2025 | ر.س13.5b | ر.س15.7b | ر.س838.3m | 21x | 16.1x | 0.9x |
| Fri, 16 May 2025 | ر.س15.4b | ر.س15.4b | ر.س901.5m | 29.2x | 17.1x | 1x |
| Sun, 13 Apr 2025 | ر.س15.4b | ر.س15.5b | ر.س922.8m | 29.5x | 16.7x | 1x |
| Tue, 11 Mar 2025 | ر.س15.7b | ر.س15.1b | ر.س865.7m | 31.2x | 18.1x | 1x |
| Thu, 06 Feb 2025 | ر.س18.2b | ر.س15.4b | ر.س889.9m | 27.8x | 20.4x | 1.2x |
| Sat, 04 Jan 2025 | ر.س17.0b | ر.س15.4b | ر.س889.3m | 26x | 19.1x | 1.1x |
| Mon, 02 Dec 2024 | ر.س16.6b | ر.س15.4b | ر.س862.6m | 34.9x | 19.2x | 1.1x |
| Wed, 30 Oct 2024 | ر.س17.3b | ر.س14.6b | ر.س699.0m | 38.4x | 24.8x | 1.2x |
| Fri, 27 Sep 2024 | ر.س17.5b | ر.س14.6b | ر.س699.0m | 39.5x | 25x | 1.2x |
| Sun, 25 Aug 2024 | ر.س17.0b | ر.س14.4b | ر.س696.8m | 38.3x | 24.4x | 1.2x |
| Tue, 23 Jul 2024 | ر.س17.6b | ر.س13.6b | ر.س372.3m | 26.5x | 47.2x | 1.3x |
| Thu, 20 Jun 2024 | ر.س16.9b | ر.س13.5b | ر.س359.8m | 36.9x | 47.1x | 1.3x |
| Sat, 18 May 2024 | ر.س17.7b | ر.س12.8b | ر.س77.0m | 45.1x | 229.6x | 1.4x |
| Mon, 15 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س27.4m | 44.4x | 609.4x | 1.3x |
| Wed, 13 Mar 2024 | ر.س17.6b | ر.س12.3b | -ر.س6,359,405.00 | 38.5x | -2770.2x | 1.4x |
| Fri, 09 Feb 2024 | ر.س13.0b | ر.س11.7b | -ر.س161,898,197.00 | 34.1x | -80.3x | 1.1x |
| Sun, 07 Jan 2024 | ر.س11.9b | ر.س11.7b | -ر.س161,898,197.00 | 29.2x | -73.3x | 1x |
| Tue, 05 Dec 2023 | ر.س10.7b | ر.س11.6b | -ر.س235,300,965.00 | 27.2x | -45.7x | 0.9x |
| Thu, 02 Nov 2023 | ر.س9.7b | ر.س11.3b | -ر.س256,370,446.00 | 26.4x | -37.7x | 0.9x |
| Sat, 30 Sep 2023 | ر.س10.5b | ر.س11.2b | -ر.س249,995,901.00 | 21.2x | -42x | 0.9x |
| Mon, 28 Aug 2023 | ر.س10.2b | ر.س11.2b | -ر.س249,995,871.00 | 20.5x | -40.7x | 0.9x |
| Wed, 26 Jul 2023 | ر.س9.3b | ر.س10.2b | -ر.س151,832,195.00 | 26.1x | -61.2x | 0.9x |
| Fri, 23 Jun 2023 | ر.س9.3b | ر.س9.9b | -ر.س159,531,461.00 | 23.5x | -58.5x | 0.9x |
| Sun, 21 May 2023 | ر.س8.7b | ر.س9.4b | -ر.س151,268,011.00 | 24.6x | -57.7x | 0.9x |
| Tue, 18 Apr 2023 | ر.س8.2b | ر.س9.5b | -ر.س143,110,011.00 | 21.4x | -57.3x | 0.9x |
| Thu, 16 Mar 2023 | ر.س7.1b | ر.س9.1b | -ر.س178,599,239.00 | 19.9x | -39.9x | 0.8x |
| Sat, 11 Feb 2023 | ر.س7.5b | ر.س8.7b | -ر.س244,963,047.00 | 22.6x | -30.5x | 0.9x |
| Mon, 09 Jan 2023 | ر.س7.2b | ر.س8.7b | -ر.س244,963,047.00 | 20.1x | -29.4x | 0.8x |
Price to Earnings Ratio
-29.4x
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 15.2x which is higher than its 3-year average PE of 8.0x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.87x.
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 | 0.49% | |
| Materials | -1.33% | |
| Metals and Mining | -2.22% | |
| Steel | -1.22% | |
| Aluminum | 0% | 0 |
| Diversified Metals and Mining | -2.29% | |
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 | |
|---|---|---|---|---|---|
| 9563 BENA Steel Industries | ر.س41.00 | 13.9% +ر.س30.0m | 6.2% | PE37x | |
| 2240 Advanced Building Industries | ر.س38.96 | 0.6% +ر.س13.2m | 11.2% | PE27.4x | |
| 2220 National Metal Manufacturing and Casting | ر.س13.76 | 2.1% +ر.س9.9m | -24.1% | PS2.1x | |
| 9553 Molan Steel | ر.س1.83 | 22.0% +ر.س8.8m | -50.1% | PS0.6x | |
| 9599 Taqat Mineral Trading | ر.س14.80 | 1.0% +ر.س1.8m | 23.3% | PS0.6x |