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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedDec 15, 2025
DataAggregated Company Financials
Companies18
- 7D1.9%
- 3M-2.7%
- 1Y-25.7%
- YTD-24.5%
In the last week, the Tech industry is up 2.7%, with Elm up 3.6%. However, the industry is down 25% over the past year. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Dec 2025 | ر.س103.4b | ر.س26.4b | ر.س4.1b | 25x | 25x | 3.9x |
| Wed, 12 Nov 2025 | ر.س105.3b | ر.س26.2b | ر.س4.1b | 23x | 25.7x | 4x |
| Fri, 10 Oct 2025 | ر.س116.6b | ر.س25.2b | ر.س4.1b | 28.8x | 28.6x | 4.6x |
| Sun, 07 Sep 2025 | ر.س108.5b | ر.س25.1b | ر.س4.1b | 27.7x | 26.7x | 4.3x |
| Tue, 05 Aug 2025 | ر.س112.1b | ر.س24.6b | ر.س4.0b | 28.8x | 28.2x | 4.6x |
| Thu, 03 Jul 2025 | ر.س121.0b | ر.س24.5b | ر.س4.0b | 27.4x | 30.3x | 4.9x |
| Sat, 31 May 2025 | ر.س124.4b | ر.س23.8b | ر.س4.0b | 31.9x | 31.3x | 5.2x |
| Mon, 28 Apr 2025 | ر.س130.4b | ر.س23.4b | ر.س3.9b | 30.2x | 33.8x | 5.6x |
| Wed, 26 Mar 2025 | ر.س126.5b | ر.س23.5b | ر.س3.8b | 32.8x | 33x | 5.4x |
| Fri, 21 Feb 2025 | ر.س137.6b | ر.س23.0b | ر.س3.7b | 36x | 37.5x | 6x |
| Sun, 19 Jan 2025 | ر.س142.6b | ر.س22.1b | ر.س3.5b | 38.7x | 40.7x | 6.4x |
| Tue, 17 Dec 2024 | ر.س137.3b | ر.س22.1b | ر.س3.5b | 39.5x | 39.2x | 6.2x |
| Thu, 14 Nov 2024 | ر.س131.7b | ر.س22.2b | ر.س3.4b | 29.8x | 38.5x | 5.9x |
| Sat, 12 Oct 2024 | ر.س132.3b | ر.س21.9b | ر.س3.2b | 28.5x | 41.7x | 6.1x |
| Mon, 09 Sep 2024 | ر.س128.9b | ر.س21.8b | ر.س3.2b | 30x | 40.7x | 5.9x |
| Wed, 07 Aug 2024 | ر.س121.6b | ر.س21.4b | ر.س3.0b | 34.1x | 40.1x | 5.7x |
| Fri, 05 Jul 2024 | ر.س114.0b | ر.س21.3b | ر.س2.9b | 33x | 39.1x | 5.4x |
| Sun, 02 Jun 2024 | ر.س106.9b | ر.س21.0b | ر.س2.9b | 36.1x | 37x | 5.1x |
| Tue, 30 Apr 2024 | ر.س125.5b | ر.س20.7b | ر.س2.8b | 38.3x | 45x | 6.1x |
| Thu, 28 Mar 2024 | ر.س135.3b | ر.س20.6b | ر.س2.9b | 38x | 47.5x | 6.6x |
| Sat, 24 Feb 2024 | ر.س138.9b | ر.س19.8b | ر.س2.8b | 37.1x | 50.2x | 7x |
| Mon, 22 Jan 2024 | ر.س121.9b | ر.س19.8b | ر.س2.8b | 31x | 44.1x | 6.2x |
| Wed, 20 Dec 2023 | ر.س113.0b | ر.س19.8b | ر.س2.8b | 29.8x | 40.9x | 5.7x |
| Fri, 17 Nov 2023 | ر.س105.4b | ر.س19.6b | ر.س2.9b | 26.5x | 36.9x | 5.4x |
| Sun, 15 Oct 2023 | ر.س103.9b | ر.س18.4b | ر.س2.7b | 27.3x | 38.3x | 5.6x |
| Tue, 12 Sep 2023 | ر.س108.3b | ر.س18.4b | ر.س2.7b | 28x | 39.9x | 5.9x |
| Thu, 10 Aug 2023 | ر.س103.9b | ر.س17.6b | ر.س2.5b | 29.8x | 41.3x | 5.9x |
| Sat, 08 Jul 2023 | ر.س95.6b | ر.س17.2b | ر.س2.4b | 29.8x | 39x | 5.6x |
| Mon, 05 Jun 2023 | ر.س80.2b | ر.س17.1b | ر.س2.4b | 29.9x | 32.8x | 4.7x |
| Wed, 03 May 2023 | ر.س78.5b | ر.س16.2b | ر.س2.3b | 27.5x | 34x | 4.9x |
| Fri, 31 Mar 2023 | ر.س73.3b | ر.س16.1b | ر.س2.2b | 27.4x | 33.2x | 4.6x |
| Sun, 26 Feb 2023 | ر.س67.6b | ر.س15.8b | ر.س2.1b | 27.2x | 32.1x | 4.3x |
| Tue, 24 Jan 2023 | ر.س63.0b | ر.س15.8b | ر.س2.1b | 24.5x | 30.2x | 4x |
| Thu, 22 Dec 2022 | ر.س63.7b | ر.س15.8b | ر.س2.1b | 27.2x | 30.7x | 4x |
Price to Earnings Ratio
30.7x
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 25.3x which is lower than its 3-year average PE of 36.7x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 26% 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 | -1.46% | |
| Tech | 1.87% | |
| IT | 1.89% | |
| Electronic Equipment and Components | 0% | 0 |
| Software | -1.46% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 36.3x.
- Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings growth of 8.3% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 8.3% per year.
- In contrast, the IT industry is expected to see its earnings grow by 13% 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.س808.00 | 3.6% +ر.س2.2b | -28.7% | PE29.3x | |
| 7211 Saudi Azm for Communication and Information Technology | ر.س25.68 | 1.1% +ر.س16.5m | -14.7% | PE36.6x | |
| 9645 National Signage Industrial | ر.س12.90 | 6.6% +ر.س6.0m | n/a | n/a | |
| 9543 Saudi Networkers Services | ر.س77.80 | 1.1% +ر.س5.1m | -6.3% | PE13x | |
| 9557 Edarat Communication and Information Technology | ر.س226.00 | 0.4% +ر.س5.0m | -30.8% | PE40.1x |
