Analysis Article • May 07
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Saudi Arabian (Tadawul) Real Estate Sector Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies44
- 7D-0.9%
- 3M-3.0%
- 1Y-23.7%
- YTD0.4%
In the last week, the Real Estate industry is flat overall, with Retal Urban Development standing out by going down 11%. As for the longer term, the industry has declined 24% in the last year. Earnings are forecast to grow by 5.8% annually.
Sector Valuation and Performance
Has the Saudi Arabian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | ر.س135.7b | ر.س28.8b | ر.س6.4b | 16.1x | 21.3x | 4.7x |
| Thu, 09 Apr 2026 | ر.س138.6b | ر.س29.9b | ر.س6.7b | 14.6x | 20.6x | 4.6x |
| Sat, 07 Mar 2026 | ر.س128.9b | ر.س29.8b | ر.س6.8b | 14.2x | 18.9x | 4.3x |
| Mon, 02 Feb 2026 | ر.س138.4b | ر.س29.7b | ر.س6.9b | 14.8x | 20.2x | 4.7x |
| Wed, 31 Dec 2025 | ر.س128.5b | ر.س29.7b | ر.س6.9b | 15.9x | 18.7x | 4.3x |
| Fri, 28 Nov 2025 | ر.س135.8b | ر.س28.6b | ر.س6.6b | 16.3x | 20.6x | 4.7x |
| Sun, 26 Oct 2025 | ر.س150.4b | ر.س26.6b | ر.س5.4b | 17.3x | 27.9x | 5.7x |
| Tue, 23 Sep 2025 | ر.س148.0b | ر.س26.6b | ر.س5.4b | 17.4x | 27.4x | 5.6x |
| Thu, 21 Aug 2025 | ر.س147.0b | ر.س24.8b | ر.س5.0b | 23.8x | 29.7x | 5.9x |
| Sat, 19 Jul 2025 | ر.س155.9b | ر.س24.5b | ر.س4.3b | 24.7x | 35.9x | 6.4x |
| Mon, 16 Jun 2025 | ر.س171.6b | ر.س26.3b | ر.س5.4b | 24.5x | 31.7x | 6.5x |
| Wed, 14 May 2025 | ر.س189.7b | ر.س24.9b | ر.س3.8b | 30.4x | 50.6x | 7.6x |
| Fri, 11 Apr 2025 | ر.س181.9b | ر.س25.9b | ر.س4.9b | 27.2x | 37x | 7x |
| Sun, 09 Mar 2025 | ر.س156.0b | ر.س21.8b | ر.س2.5b | 19.5x | 62.5x | 7.1x |
| Tue, 04 Feb 2025 | ر.س160.3b | ر.س21.5b | ر.س2.5b | 20.3x | 63.6x | 7.5x |
| Thu, 02 Jan 2025 | ر.س148.0b | ر.س21.5b | ر.س2.5b | 20.2x | 58.7x | 6.9x |
| Sat, 30 Nov 2024 | ر.س142.7b | ر.س21.5b | ر.س2.5b | 18.7x | 56.7x | 6.6x |
| Mon, 28 Oct 2024 | ر.س146.0b | ر.س20.6b | ر.س3.5b | 20.9x | 42x | 7.1x |
| Wed, 25 Sep 2024 | ر.س146.8b | ر.س20.3b | ر.س3.3b | 24.1x | 45.1x | 7.2x |
| Fri, 23 Aug 2024 | ر.س146.3b | ر.س20.2b | ر.س3.3b | 24.6x | 44.8x | 7.3x |
| Sun, 21 Jul 2024 | ر.س138.5b | ر.س18.9b | ر.س3.3b | 24.8x | 41.5x | 7.3x |
| Tue, 18 Jun 2024 | ر.س132.5b | ر.س18.9b | ر.س3.3b | 25x | 40.3x | 7x |
| Thu, 16 May 2024 | ر.س140.5b | ر.س17.3b | ر.س3.5b | 25.5x | 40.1x | 8.1x |
| Sat, 13 Apr 2024 | ر.س148.1b | ر.س17.1b | ر.س3.1b | 24.7x | 47.2x | 8.7x |
| Mon, 11 Mar 2024 | ر.س132.8b | ر.س15.9b | ر.س2.8b | 27.6x | 48x | 8.3x |
| Wed, 07 Feb 2024 | ر.س122.6b | ر.س15.9b | ر.س2.8b | 25.2x | 44.4x | 7.7x |
| Fri, 05 Jan 2024 | ر.س122.3b | ر.س15.8b | ر.س2.7b | 25.2x | 44.6x | 7.7x |
| Sun, 03 Dec 2023 | ر.س116.7b | ر.س15.8b | ر.س2.7b | 23.5x | 42.6x | 7.4x |
| Tue, 31 Oct 2023 | ر.س111.0b | ر.س16.0b | ر.س2.2b | 22.7x | 51.3x | 6.9x |
| Thu, 28 Sep 2023 | ر.س119.5b | ر.س15.9b | ر.س2.3b | 23.7x | 52.5x | 7.5x |
| Sat, 26 Aug 2023 | ر.س125.2b | ر.س15.7b | ر.س2.4b | 22.5x | 53.2x | 8x |
| Mon, 24 Jul 2023 | ر.س131.3b | ر.س15.0b | ر.س1.8b | 22.2x | 71.6x | 8.7x |
| Wed, 21 Jun 2023 | ر.س126.2b | ر.س15.3b | ر.س1.9b | 22.1x | 66.9x | 8.3x |
| Fri, 19 May 2023 | ر.س122.8b | ر.س14.9b | ر.س845.6m | 22.5x | 145.2x | 8.3x |
Price to Earnings Ratio
145.2x
Current Industry PE
- Investors are pessimistic on the Saudi Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.3x which is lower than its 3-year average PE of 45.3x.
- The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 96% per year over the last three years.
- Revenues for these companies have grown 25% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Real Estate sector?
| SA Market | 0.38% | |
| Real Estate | -0.94% | |
| Hotel and Resort REITs | 3.29% | |
| Retail REITs | 2.03% | |
| Specialized REITs | 1.76% | |
| Industrial REITs | 0% | 0 |
| REITS | -0.14% | |
| Real Estate | -1.06% | |
Industry PE
- Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 37.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 5.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 15% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 5.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 4300 Dar Al Arkan Real Estate Development | ر.س17.70 | 2.1% +ر.س399.6m | -16.7% | PE16.1x | |
| 4150 Arriyadh Development | ر.س18.73 | 3.8% +ر.س159.1m | -42.8% | PE14.4x | |
| 4327 Al Ramz Real Estate | ر.س54.55 | 1.6% +ر.س36.4m | n/a | PE8.3x | |
| 4323 Sumou Real Estate | ر.س30.12 | 2.2% +ر.س33.0m | -30.4% | PE11.1x | |
| 9535 Ladun Investment | ر.س2.30 | 1.8% +ر.س20.0m | -34.3% | PS1x |