Analysis Article • May 16
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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedJun 06, 2026
DataAggregated Company Financials
Companies19
- 7D1.8%
- 3M21.8%
- 1Y-25.2%
- YTD-5.0%
In the last week, the Tech industry is up 1.8%, with Elm up 2.3%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | ر.س95.5b | ر.س28.6b | ر.س4.2b | 18.9x | 22.6x | 3.3x |
| Tue, 05 May 2026 | ر.س86.6b | ر.س27.6b | ر.س4.1b | 19.4x | 21.3x | 3.1x |
| Thu, 02 Apr 2026 | ر.س78.7b | ر.س27.4b | ر.س4.0b | 16.7x | 19.5x | 2.9x |
| Sat, 28 Feb 2026 | ر.س85.4b | ر.س26.7b | ر.س4.1b | 14.8x | 20.9x | 3.2x |
| Mon, 26 Jan 2026 | ر.س104.6b | ر.س26.5b | ر.س4.1b | 21.9x | 25.3x | 4x |
| Wed, 24 Dec 2025 | ر.س98.8b | ر.س26.4b | ر.س4.1b | 25x | 23.9x | 3.7x |
| Fri, 21 Nov 2025 | ر.س103.6b | ر.س26.2b | ر.س4.1b | 25x | 25.3x | 3.9x |
| Sun, 19 Oct 2025 | ر.س117.4b | ر.س25.2b | ر.س4.1b | 22.6x | 28.8x | 4.7x |
| Tue, 16 Sep 2025 | ر.س105.9b | ر.س25.2b | ر.س4.1b | 27x | 26x | 4.2x |
| Thu, 14 Aug 2025 | ر.س113.8b | ر.س25.1b | ر.س4.1b | 28.9x | 27.9x | 4.5x |
| Sat, 12 Jul 2025 | ر.س120.8b | ر.س24.5b | ر.س4.0b | 25.2x | 30.3x | 4.9x |
| Mon, 09 Jun 2025 | ر.س125.4b | ر.س23.8b | ر.س4.0b | 32.5x | 31.5x | 5.3x |
| Wed, 07 May 2025 | ر.س126.0b | ر.س23.4b | ر.س3.9b | 28.6x | 32.6x | 5.4x |
| Fri, 04 Apr 2025 | ر.س125.2b | ر.س23.4b | ر.س3.8b | 33.2x | 32.6x | 5.4x |
| Sun, 02 Mar 2025 | ر.س135.7b | ر.س23.0b | ر.س3.7b | 34.6x | 37x | 5.9x |
| Tue, 28 Jan 2025 | ر.س142.3b | ر.س22.1b | ر.س3.5b | 37.7x | 40.7x | 6.4x |
| Thu, 26 Dec 2024 | ر.س136.3b | ر.س22.1b | ر.س3.5b | 38.3x | 38.9x | 6.2x |
| Sat, 23 Nov 2024 | ر.س133.3b | ر.س22.2b | ر.س3.4b | 33.9x | 39x | 6x |
| Mon, 21 Oct 2024 | ر.س128.8b | ر.س21.9b | ر.س3.2b | 29.5x | 40.6x | 5.9x |
| Wed, 18 Sep 2024 | ر.س125.9b | ر.س21.8b | ر.س3.2b | 29x | 39.7x | 5.8x |
| Fri, 16 Aug 2024 | ر.س126.7b | ر.س21.8b | ر.س3.2b | 28.7x | 40x | 5.8x |
| Sun, 14 Jul 2024 | ر.س114.7b | ر.س21.3b | ر.س2.9b | 31.8x | 39.3x | 5.4x |
| Tue, 11 Jun 2024 | ر.س111.8b | ر.س21.1b | ر.س2.9b | 34.8x | 38.6x | 5.3x |
| Thu, 09 May 2024 | ر.س125.4b | ر.س20.7b | ر.س2.8b | 39.8x | 44.9x | 6.1x |
| Sat, 06 Apr 2024 | ر.س135.5b | ر.س20.7b | ر.س2.8b | 37.8x | 48.6x | 6.6x |
| Mon, 04 Mar 2024 | ر.س139.2b | ر.س20.2b | ر.س2.7b | 38.8x | 50.9x | 6.9x |
| Wed, 31 Jan 2024 | ر.س120.5b | ر.س19.8b | ر.س2.8b | 31.4x | 43.6x | 6.1x |
| Fri, 29 Dec 2023 | ر.س115.6b | ر.س19.8b | ر.س2.8b | 29.9x | 41.8x | 5.9x |
| Sun, 26 Nov 2023 | ر.س105.3b | ر.س19.8b | ر.س2.8b | 27.5x | 38.1x | 5.3x |
| Tue, 24 Oct 2023 | ر.س100.5b | ر.س18.4b | ر.س2.7b | 26.8x | 37x | 5.5x |
| Thu, 21 Sep 2023 | ر.س103.2b | ر.س18.4b | ر.س2.7b | 27.4x | 38x | 5.6x |
| Sat, 19 Aug 2023 | ر.س106.2b | ر.س18.2b | ر.س2.7b | 30.4x | 39.5x | 5.9x |
| Mon, 17 Jul 2023 | ر.س108.2b | ر.س17.2b | ر.س2.4b | 29x | 44.2x | 6.3x |
| Wed, 14 Jun 2023 | ر.س97.8b | ر.س17.2b | ر.س2.4b | 30.3x | 39.9x | 5.7x |
Price to Earnings Ratio
39.9x
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 22.6x which is lower than its 3-year average PE of 35.1x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 3.3x.
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 | -1.74% | |
| Tech | 1.78% | |
| Software | 1.82% | |
| IT | 1.79% | |
| Electronic Equipment and Components | 0% | 0 |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 34.7x.
- Analysts are expecting annual earnings growth of 11.5%, 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 12% 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 12% 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.س702.00 | 2.3% +ر.س1.2b | -31.7% | PE24.3x | |
| 7202 Arabian Internet and Communication Services | ر.س216.40 | 1.3% +ر.س333.3m | -17.5% | PE17x | |
| 9557 Edarat Communication and Information Technology | ر.س420.00 | 3.7% +ر.س75.6m | 55.6% | PE58.2x | |
| 7204 Perfect Presentation for Commercial Services | ر.س6.55 | 2.5% +ر.س52.8m | -42.3% | PE16x | |
| 7205 Dar AlBalad for Business Solutions | ر.س13.35 | 3.7% +ر.س33.6m | n/a | PE18.2x |