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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedDec 11, 2025
DataAggregated Company Financials
Companies18
- 7D4.8%
- 3M-1.4%
- 1Y-25.1%
- YTD-23.3%
Over the last 7 days, the Tech industry has risen 4.8%, driven by gains from Elm of 5.8%. In the same time, Axelerated Solutions for Information and Communication Technology was down 9.4%. In the past year, the industry is down 25%. As for the next few years, earnings are expected to grow by 14% 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, 11 Dec 2025 | ر.س104.9b | ر.س26.2b | ر.س4.1b | 25x | 25.6x | 4x |
| Sat, 08 Nov 2025 | ر.س104.3b | ر.س26.2b | ر.س4.1b | 22.7x | 25.5x | 4x |
| Mon, 06 Oct 2025 | ر.س114.0b | ر.س25.2b | ر.س4.1b | 28.5x | 28x | 4.5x |
| Wed, 03 Sep 2025 | ر.س107.4b | ر.س25.1b | ر.س4.1b | 27.3x | 26.4x | 4.3x |
| Fri, 01 Aug 2025 | ر.س113.5b | ر.س24.5b | ر.س4.0b | 29.3x | 28.5x | 4.6x |
| Sun, 29 Jun 2025 | ر.س124.0b | ر.س24.5b | ر.س4.0b | 22.7x | 30.6x | 5.1x |
| Tue, 27 May 2025 | ر.س127.3b | ر.س23.8b | ر.س4.0b | 33.5x | 32x | 5.4x |
| Thu, 24 Apr 2025 | ر.س129.0b | ر.س23.4b | ر.س3.9b | 29.1x | 33.5x | 5.5x |
| Sat, 22 Mar 2025 | ر.س124.3b | ر.س23.5b | ر.س3.8b | 33.7x | 32.4x | 5.3x |
| Mon, 17 Feb 2025 | ر.س136.7b | ر.س22.1b | ر.س3.5b | 36.4x | 39.1x | 6.2x |
| Wed, 15 Jan 2025 | ر.س142.3b | ر.س22.1b | ر.س3.5b | 38.2x | 40.6x | 6.4x |
| Fri, 13 Dec 2024 | ر.س137.8b | ر.س22.1b | ر.س3.5b | 40.5x | 39.4x | 6.2x |
| Sun, 10 Nov 2024 | ر.س131.4b | ر.س22.2b | ر.س3.4b | 31.9x | 38.4x | 5.9x |
| Tue, 08 Oct 2024 | ر.س128.8b | ر.س21.8b | ر.س3.2b | 30x | 40.7x | 5.9x |
| Thu, 05 Sep 2024 | ر.س129.1b | ر.س21.8b | ر.س3.2b | 30x | 40.8x | 5.9x |
| Sat, 03 Aug 2024 | ر.س120.8b | ر.س21.4b | ر.س3.0b | 37.3x | 39.9x | 5.6x |
| Mon, 01 Jul 2024 | ر.س115.6b | ر.س21.3b | ر.س2.9b | 33.7x | 39.6x | 5.4x |
| Wed, 29 May 2024 | ر.س110.6b | ر.س21.0b | ر.س2.9b | 35.7x | 38.3x | 5.3x |
| Fri, 26 Apr 2024 | ر.س125.6b | ر.س20.7b | ر.س2.8b | 38.1x | 45x | 6.1x |
| Sun, 24 Mar 2024 | ر.س135.2b | ر.س20.6b | ر.س2.9b | 37.8x | 47.4x | 6.6x |
| Tue, 20 Feb 2024 | ر.س141.0b | ر.س19.8b | ر.س2.8b | 37.4x | 51x | 7.1x |
| Thu, 18 Jan 2024 | ر.س125.2b | ر.س19.8b | ر.س2.8b | 30.9x | 45.3x | 6.3x |
| Sat, 16 Dec 2023 | ر.س111.1b | ر.س19.8b | ر.س2.8b | 29.9x | 40.2x | 5.6x |
| Mon, 13 Nov 2023 | ر.س102.9b | ر.س19.5b | ر.س2.9b | 25.8x | 35.9x | 5.3x |
| Wed, 11 Oct 2023 | ر.س106.2b | ر.س18.4b | ر.س2.7b | 29.6x | 39.1x | 5.8x |
| Fri, 08 Sep 2023 | ر.س111.8b | ر.س18.4b | ر.س2.7b | 27.9x | 41.1x | 6.1x |
| Sun, 06 Aug 2023 | ر.س103.1b | ر.س17.2b | ر.س2.4b | 31.3x | 42.1x | 6x |
| Tue, 04 Jul 2023 | ر.س95.4b | ر.س17.2b | ر.س2.4b | 31x | 38.9x | 5.6x |
| Thu, 01 Jun 2023 | ر.س80.7b | ر.س16.8b | ر.س2.4b | 29.8x | 33.5x | 4.8x |
| Sat, 29 Apr 2023 | ر.س78.0b | ر.س16.2b | ر.س2.3b | 28.4x | 33.7x | 4.8x |
| Mon, 27 Mar 2023 | ر.س72.8b | ر.س16.1b | ر.س2.2b | 27.2x | 33x | 4.5x |
| Wed, 22 Feb 2023 | ر.س67.2b | ر.س15.8b | ر.س2.1b | 27.2x | 31.9x | 4.2x |
| Fri, 20 Jan 2023 | ر.س63.0b | ر.س15.8b | ر.س2.1b | 24.7x | 30.2x | 4x |
| Sun, 18 Dec 2022 | ر.س65.7b | ر.س15.8b | ر.س2.1b | 29.4x | 31.7x | 4.2x |
Price to Earnings Ratio
31.7x
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 25.6x 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 4.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 25% 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 | 0.23% | |
| Tech | 4.83% | |
| IT | 4.83% | |
| Software | 1.33% | |
| 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 36.3x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 8.3% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 8.3% per year.
- In contrast, the IT industry is expected to see its earnings grow by 14% 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.س807.00 | 3.3% +ر.س2.0b | -28.8% | PE29.3x | |
| 7202 Arabian Internet and Communication Services | ر.س233.10 | 2.6% +ر.س702.3m | -18.1% | PE17.9x | |
| 7211 Saudi Azm for Communication and Information Technology | ر.س26.10 | 7.8% +ر.س110.7m | -13.0% | PE37.2x | |
| 7200 Al Moammar Information Systems | ر.س158.60 | 0.8% +ر.س39.0m | -3.9% | PE50.6x | |
| 9645 National Signage Industrial | ر.س13.55 | 12.0% +ر.س10.9m | n/a | n/a |
