Be Wary Of Riyadh Steel (TADAWUL:9588) And Its Returns On Capital
Dec 25
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies13
- 7D1.4%
- 3M-2.4%
- 1Y-15.3%
- YTDn/a
The Steel industry is up 1.7% in the last week, with East Pipes Integrated Company for Industry up 2.9%. However, the industry is down 15% over the past year. Looking forward, earnings are forecast to grow by 4.6% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | ر.س14.3b | ر.س15.7b | ر.س891.8m | 29.8x | 16x | 0.9x |
| Sat, 22 Nov 2025 | ر.س15.0b | ر.س15.8b | ر.س880.4m | 33.9x | 17x | 0.9x |
| Mon, 20 Oct 2025 | ر.س15.4b | ر.س15.9b | ر.س863.6m | 32.5x | 17.9x | 1x |
| Wed, 17 Sep 2025 | ر.س13.5b | ر.س15.9b | ر.س863.6m | 31.1x | 15.7x | 0.8x |
| Fri, 15 Aug 2025 | ر.س14.2b | ر.س15.6b | ر.س846.5m | 34x | 16.8x | 0.9x |
| Sun, 13 Jul 2025 | ر.س15.6b | ر.س15.8b | ر.س829.1m | 31.2x | 18.8x | 1x |
| Tue, 10 Jun 2025 | ر.س14.4b | ر.س15.7b | ر.س838.3m | 21.1x | 17.2x | 0.9x |
| Thu, 08 May 2025 | ر.س15.5b | ر.س15.5b | ر.س919.8m | 30.6x | 16.9x | 1x |
| Sat, 05 Apr 2025 | ر.س16.2b | ر.س15.5b | ر.س916.8m | 39.5x | 17.7x | 1x |
| Mon, 03 Mar 2025 | ر.س17.0b | ر.س15.2b | ر.س891.6m | 34.2x | 19.1x | 1.1x |
| Wed, 29 Jan 2025 | ر.س18.0b | ر.س15.4b | ر.س889.9m | 28.6x | 20.2x | 1.2x |
| Fri, 27 Dec 2024 | ر.س16.6b | ر.س15.4b | ر.س862.6m | 35.3x | 19.2x | 1.1x |
| Sun, 24 Nov 2024 | ر.س16.3b | ر.س15.4b | ر.س862.6m | 36.2x | 18.9x | 1.1x |
| Tue, 22 Oct 2024 | ر.س17.5b | ر.س14.6b | ر.س699.0m | 38.7x | 25.1x | 1.2x |
| Thu, 19 Sep 2024 | ر.س17.1b | ر.س14.6b | ر.س699.0m | 38.5x | 24.4x | 1.2x |
| Sat, 17 Aug 2024 | ر.س16.4b | ر.س14.3b | ر.س643.0m | 27.2x | 25.4x | 1.1x |
| Mon, 15 Jul 2024 | ر.س18.0b | ر.س13.6b | ر.س372.3m | 26x | 48.3x | 1.3x |
| Wed, 12 Jun 2024 | ر.س17.3b | ر.س13.5b | ر.س351.6m | 39.3x | 49.3x | 1.3x |
| Fri, 10 May 2024 | ر.س17.8b | ر.س12.8b | ر.س97.3m | 48x | 183.4x | 1.4x |
| Sun, 07 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Tue, 05 Mar 2024 | ر.س15.7b | ر.س12.0b | -ر.س52,254,722.00 | 29.9x | -299.9x | 1.3x |
| Thu, 01 Feb 2024 | ر.س12.1b | ر.س11.7b | -ر.س161,898,197.00 | 31.5x | -75x | 1x |
| Sat, 30 Dec 2023 | ر.س11.9b | ر.س11.6b | -ر.س235,300,965.00 | 30.1x | -50.4x | 1x |
| Mon, 27 Nov 2023 | ر.س10.4b | ر.س11.6b | -ر.س235,300,965.00 | 26.4x | -44.2x | 0.9x |
| Wed, 25 Oct 2023 | ر.س9.4b | ر.س11.3b | -ر.س256,370,446.00 | 25.7x | -36.5x | 0.8x |
| Fri, 22 Sep 2023 | ر.س10.6b | ر.س11.2b | -ر.س249,995,901.00 | 21x | -42.3x | 0.9x |
| Sun, 20 Aug 2023 | ر.س10.2b | ر.س11.2b | -ر.س232,438,858.00 | 20.2x | -43.9x | 0.9x |
| Tue, 18 Jul 2023 | ر.س9.7b | ر.س10.2b | -ر.س151,832,195.00 | 27.8x | -64.1x | 1x |
| Thu, 15 Jun 2023 | ر.س9.5b | ر.س9.9b | -ر.س159,531,461.00 | 24.4x | -59.6x | 1x |
| Sat, 13 May 2023 | ر.س8.5b | ر.س9.5b | -ر.س143,110,011.00 | 22.6x | -59.7x | 0.9x |
| Mon, 10 Apr 2023 | ر.س7.8b | ر.س9.1b | -ر.س241,546,581.00 | 20.6x | -32.4x | 0.9x |
| Wed, 08 Mar 2023 | ر.س7.4b | ر.س8.7b | -ر.س244,963,047.00 | 27.9x | -30.3x | 0.8x |
| Fri, 03 Feb 2023 | ر.س7.6b | ر.س8.7b | -ر.س244,963,047.00 | 21.2x | -30.8x | 0.9x |
| Sun, 01 Jan 2023 | ر.س6.8b | ر.س8.7b | -ر.س244,963,047.00 | 19.3x | -27.6x | 0.8x |
Price to Earnings Ratio
-27.6x
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 16.0x which is higher than its 3-year average PE of 7.6x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.91x.
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 | 0.90% | |
| Materials | 3.37% | |
| Metals and Mining | 8.31% | |
| Steel | 1.45% | |
| Diversified Metals and Mining | 8.78% | |
| 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 | |
|---|---|---|---|---|---|
| 2240 Advanced Building Industries | ر.س38.60 | 4.8% +ر.س105.6m | 17.0% | PE27.1x | |
| 1304 Al Yamamah Steel Industries | ر.س33.68 | 6.2% +ر.س100.6m | -1.8% | PE37.1x | |
| 1321 East Pipes Integrated Company for Industry | ر.س141.20 | 1.6% +ر.س69.3m | 1.0% | PE10x | |
| 9599 Taqat Mineral Trading | ر.س14.05 | 8.9% +ر.س13.9m | 25.0% | PS0.6x | |
| 9588 Riyadh Steel | ر.س1.60 | 11.1% +ر.س11.2m | -30.4% | PE56x |