Analysis Article • May 16
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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedJul 23, 2026
DataAggregated Company Financials
Companies19
- 7D1.7%
- 3M7.5%
- 1Y-20.6%
- YTD-8.7%
The Tech industry is up 1.6% in the last week, with Elm up 2.8%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | ر.س91.6b | ر.س28.6b | ر.س4.2b | 16.1x | 21.6x | 3.2x |
| Sat, 20 Jun 2026 | ر.س98.8b | ر.س28.6b | ر.س4.2b | 17.9x | 23.4x | 3.5x |
| Mon, 18 May 2026 | ر.س94.4b | ر.س28.3b | ر.س4.2b | 19.5x | 22.5x | 3.3x |
| Wed, 15 Apr 2026 | ر.س85.6b | ر.س27.5b | ر.س4.1b | 19.2x | 21.1x | 3.1x |
| Fri, 13 Mar 2026 | ر.س76.5b | ر.س27.4b | ر.س4.0b | 15.7x | 18.9x | 2.8x |
| Sun, 08 Feb 2026 | ر.س93.5b | ر.س26.5b | ر.س4.1b | 19.4x | 22.6x | 3.5x |
| Tue, 06 Jan 2026 | ر.س97.9b | ر.س26.4b | ر.س4.1b | 25x | 23.7x | 3.7x |
| Thu, 04 Dec 2025 | ر.س100.1b | ر.س26.2b | ر.س4.1b | 25x | 24.4x | 3.8x |
| Sat, 01 Nov 2025 | ر.س117.4b | ر.س25.2b | ر.س4.1b | 25x | 28.8x | 4.7x |
| Mon, 29 Sep 2025 | ر.س113.7b | ر.س25.2b | ر.س4.1b | 28x | 27.9x | 4.5x |
| Wed, 27 Aug 2025 | ر.س109.6b | ر.س25.1b | ر.س4.1b | 28.1x | 26.9x | 4.4x |
| Fri, 25 Jul 2025 | ر.س114.8b | ر.س24.5b | ر.س4.0b | 30.5x | 28.8x | 4.7x |
| Sun, 22 Jun 2025 | ر.س115.1b | ر.س24.4b | ر.س4.0b | 22.2x | 28.5x | 4.7x |
| Tue, 20 May 2025 | ر.س127.7b | ر.س23.7b | ر.س4.0b | 28.4x | 31.8x | 5.4x |
| Thu, 17 Apr 2025 | ر.س127.6b | ر.س23.4b | ر.س3.9b | 30.1x | 33.1x | 5.5x |
| Sat, 15 Mar 2025 | ر.س135.2b | ر.س24.3b | ر.س4.3b | 31.5x | 31.5x | 5.6x |
| Mon, 10 Feb 2025 | ر.س140.2b | ر.س22.1b | ر.س3.5b | 38.1x | 40.1x | 6.3x |
| Wed, 08 Jan 2025 | ر.س139.8b | ر.س22.1b | ر.س3.5b | 38.7x | 40x | 6.3x |
| Fri, 06 Dec 2024 | ر.س137.6b | ر.س22.1b | ر.س3.5b | 39.5x | 39.3x | 6.2x |
| Sun, 03 Nov 2024 | ر.س125.6b | ر.س21.8b | ر.س3.3b | 32.5x | 38.6x | 5.8x |
| Tue, 01 Oct 2024 | ر.س138.6b | ر.س21.8b | ر.س3.2b | 29x | 43.7x | 6.4x |
| Thu, 29 Aug 2024 | ر.س128.9b | ر.س21.8b | ر.س3.2b | 30x | 40.8x | 5.9x |
| Sat, 27 Jul 2024 | ر.س120.0b | ر.س21.3b | ر.س2.9b | 37x | 41.1x | 5.6x |
| Mon, 24 Jun 2024 | ر.س111.3b | ر.س21.3b | ر.س2.9b | 33.7x | 38.1x | 5.2x |
| Wed, 22 May 2024 | ر.س114.5b | ر.س21.1b | ر.س2.9b | 35.5x | 40x | 5.4x |
| Fri, 19 Apr 2024 | ر.س126.9b | ر.س20.7b | ر.س2.8b | 38x | 45.5x | 6.1x |
| Sun, 17 Mar 2024 | ر.س137.0b | ر.س20.6b | ر.س2.9b | 37.9x | 48.1x | 6.7x |
| Tue, 13 Feb 2024 | ر.س131.7b | ر.س19.8b | ر.س2.8b | 34.2x | 47.6x | 6.7x |
| Thu, 11 Jan 2024 | ر.س121.7b | ر.س19.8b | ر.س2.8b | 31.7x | 44x | 6.2x |
| Sat, 09 Dec 2023 | ر.س110.0b | ر.س19.8b | ر.س2.8b | 28.9x | 39.8x | 5.6x |
| Mon, 06 Nov 2023 | ر.س100.8b | ر.س18.4b | ر.س2.7b | 27.2x | 37.1x | 5.5x |
| Wed, 04 Oct 2023 | ر.س110.9b | ر.س18.4b | ر.س2.7b | 29.9x | 40.9x | 6x |
| Fri, 01 Sep 2023 | ر.س120.2b | ر.س18.4b | ر.س2.7b | 28.9x | 44.2x | 6.5x |
| Sun, 30 Jul 2023 | ر.س109.0b | ر.س17.2b | ر.س2.4b | 31.1x | 44.5x | 6.3x |
Price to Earnings Ratio
44.5x
Current Industry PE
- Investors are pessimistic on the Saudi Information Technology 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 21.7x which is lower than its 3-year average PE of 34.3x.
- The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 19% 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 Tech sector?
| SA Market | 0.19% | |
| Tech | 1.72% | |
| IT | 1.73% | |
| Electronic Equipment and Components | 0% | 0 |
| Software | -1.28% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 33.9x.
- Analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings decline of 5.7% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 5.7% per year.
- In contrast, the IT industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 7203 Elm | ر.س659.00 | 2.8% +ر.س1.4b | -27.1% | PE22.8x | |
| 7202 Arabian Internet and Communication Services | ر.س204.10 | 0.5% +ر.س130.9m | -18.9% | PE16.1x | |
| 7200 Al Moammar Information Systems | ر.س235.10 | 1.5% +ر.س105.0m | 81.0% | PE94.8x | |
| 7211 Saudi Azm for Communication and Information Technology | ر.س22.40 | 4.8% +ر.س60.7m | -15.5% | PE28.2x | |
| 9637 Axelerated Solutions for Information and Communication Technology | ر.س25.40 | 1.6% +ر.س11.2m | -1.2% | PE13.7x |