Analysis Article • Aug 05
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- 7D0.9%
- 3M-2.7%
- 1Y-13.2%
- YTD-7.3%
Over the last 7 days, the IT industry has remained flat. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Saudi Arabian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Sep 2026 | ر.س92.6b | ر.س29.3b | ر.س4.2b | 22.2x | 22.1x | 3.2x |
| Tue, 11 Aug 2026 | ر.س90.2b | ر.س29.1b | ر.س4.2b | 16.7x | 21.5x | 3.1x |
| Thu, 09 Jul 2026 | ر.س91.6b | ر.س28.4b | ر.س4.2b | 16.1x | 21.6x | 3.2x |
| Sat, 06 Jun 2026 | ر.س95.0b | ر.س28.4b | ر.س4.2b | 19.2x | 22.4x | 3.3x |
| Mon, 04 May 2026 | ر.س85.7b | ر.س27.4b | ر.س4.1b | 20.5x | 21.1x | 3.1x |
| Wed, 01 Apr 2026 | ر.س78.1b | ر.س27.2b | ر.س4.1b | 17x | 19.1x | 2.9x |
| Fri, 27 Feb 2026 | ر.س84.8b | ر.س26.5b | ر.س4.1b | 15.5x | 20.5x | 3.2x |
| Sun, 25 Jan 2026 | ر.س102.8b | ر.س26.3b | ر.س4.2b | 25x | 24.6x | 3.9x |
| Tue, 23 Dec 2025 | ر.س98.3b | ر.س26.3b | ر.س4.2b | 25x | 23.5x | 3.7x |
| Thu, 20 Nov 2025 | ر.س102.6b | ر.س26.1b | ر.س4.2b | 25x | 24.7x | 3.9x |
| Sat, 18 Oct 2025 | ر.س116.7b | ر.س25.1b | ر.س4.1b | 22.6x | 28.2x | 4.6x |
| Mon, 15 Sep 2025 | ر.س105.5b | ر.س25.1b | ر.س4.1b | 26.8x | 25.6x | 4.2x |
| Wed, 13 Aug 2025 | ر.س113.1b | ر.س25.0b | ر.س4.1b | 28.8x | 27.3x | 4.5x |
| Fri, 11 Jul 2025 | ر.س120.2b | ر.س24.4b | ر.س4.1b | 25.2x | 29.6x | 4.9x |
| Sun, 08 Jun 2025 | ر.س124.7b | ر.س23.7b | ر.س4.0b | 32.5x | 31.2x | 5.3x |
| Tue, 06 May 2025 | ر.س125.4b | ر.س23.3b | ر.س3.9b | 30x | 32.3x | 5.4x |
| Thu, 03 Apr 2025 | ر.س125.3b | ر.س23.3b | ر.س3.9b | 33.1x | 32.5x | 5.4x |
| Sat, 01 Mar 2025 | ر.س135.0b | ر.س22.9b | ر.س3.7b | 34.6x | 36.7x | 5.9x |
| Mon, 27 Jan 2025 | ر.س140.1b | ر.س22.0b | ر.س3.5b | 38x | 39.9x | 6.4x |
| Wed, 25 Dec 2024 | ر.س135.7b | ر.س22.0b | ر.س3.5b | 38.2x | 38.6x | 6.2x |
| Fri, 22 Nov 2024 | ر.س132.5b | ر.س22.1b | ر.س3.4b | 33.9x | 38.6x | 6x |
| Sun, 20 Oct 2024 | ر.س128.0b | ر.س21.8b | ر.س3.2b | 29.8x | 40.1x | 5.9x |
| Tue, 17 Sep 2024 | ر.س127.6b | ر.س21.7b | ر.س3.2b | 30x | 40x | 5.9x |
| Thu, 15 Aug 2024 | ر.س125.9b | ر.س21.7b | ر.س3.2b | 28.8x | 39.5x | 5.8x |
| Sat, 13 Jul 2024 | ر.س113.9b | ر.س21.2b | ر.س2.9b | 31.8x | 38.8x | 5.4x |
| Mon, 10 Jun 2024 | ر.س109.4b | ر.س21.0b | ر.س2.9b | 35x | 37.7x | 5.2x |
| Wed, 08 May 2024 | ر.س122.9b | ر.س20.6b | ر.س2.8b | 38.7x | 43.9x | 6x |
| Fri, 05 Apr 2024 | ر.س134.4b | ر.س20.5b | ر.س2.9b | 37.1x | 46.8x | 6.5x |
| Sun, 03 Mar 2024 | ر.س139.0b | ر.س20.2b | ر.س2.8b | 37.6x | 50.5x | 6.9x |
| Tue, 30 Jan 2024 | ر.س122.8b | ر.س19.7b | ر.س2.8b | 32x | 44.1x | 6.2x |
| Thu, 28 Dec 2023 | ر.س112.4b | ر.س19.7b | ر.س2.8b | 30x | 40.4x | 5.7x |
| Sat, 25 Nov 2023 | ر.س104.5b | ر.س19.7b | ر.س2.8b | 27.5x | 37.5x | 5.3x |
| Mon, 23 Oct 2023 | ر.س102.0b | ر.س18.4b | ر.س2.7b | 26.9x | 37.4x | 5.5x |
| Wed, 20 Sep 2023 | ر.س101.2b | ر.س18.4b | ر.س2.7b | 27.7x | 37.1x | 5.5x |
Price to Earnings Ratio
37.1x
Current Industry PE
- Investors are pessimistic on the Saudi IT 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 22.1x which is lower than its 3-year average PE of 33.0x.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 17% 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 industry?
| SA Market | 0.31% | |
| Tech | 0.93% | |
| IT | 0.93% | |
| IT Consulting | 0.93% | |
| Data Processing Services | 0% | 0 |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 33.0x.
- Analysts are expecting annual earnings growth of 11.8%, which is higher than its past year's earnings decline of 1.0% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 33.0x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 1.0% per year.
- In contrast, the IT Consulting 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.س623.00 | 2.7% +ر.س1.3b | -25.8% | PE22.3x | |
| 7200 Al Moammar Information Systems | ر.س314.80 | 4.7% +ر.س420.0m | 134.1% | PE110.3x | |
| 7211 Saudi Azm for Communication and Information Technology | ر.س28.18 | 4.0% +ر.س62.9m | 15.0% | PE32.2x | |
| 9550 Sure Global Tech | ر.س36.84 | 2.3% +ر.س6.3m | -44.0% | PE31.4x | |
| 9543 Saudi Networkers Services | ر.س49.90 | 0.4% +ر.س1.5m | -12.8% | PE12.6x |