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Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies15
- 7D2.7%
- 3M-1.8%
- 1Y-25.3%
- YTD-23.8%
In the last week, the IT industry is up 2.7%, with Elm up 3.3%. Meanwhile, Axelerated Solutions for Information and Communication Technology actually underperformed within the industry, shrinking 9.2% in the last week. In contrast, the industry has lost 25% in the last 12 months. As for the next few years, earnings are expected to grow by 13% 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, 14 Dec 2025 | ر.س103.7b | ر.س26.3b | ر.س4.2b | 25x | 24.8x | 3.9x |
| Tue, 11 Nov 2025 | ر.س104.8b | ر.س26.1b | ر.س4.2b | 22.7x | 25.2x | 4x |
| Thu, 09 Oct 2025 | ر.س116.1b | ر.س25.1b | ر.س4.1b | 28.7x | 28.1x | 4.6x |
| Sat, 06 Sep 2025 | ر.س107.9b | ر.س25.0b | ر.س4.1b | 27.7x | 26.2x | 4.3x |
| Mon, 04 Aug 2025 | ر.س112.7b | ر.س24.5b | ر.س4.0b | 29x | 27.9x | 4.6x |
| Wed, 02 Jul 2025 | ر.س124.2b | ر.س24.4b | ر.س4.1b | 22.5x | 30.5x | 5.1x |
| Fri, 30 May 2025 | ر.س124.5b | ر.س23.7b | ر.س4.0b | 31.9x | 31.2x | 5.3x |
| Sun, 27 Apr 2025 | ر.س129.7b | ر.س23.3b | ر.س3.9b | 29.3x | 33.5x | 5.6x |
| Tue, 25 Mar 2025 | ر.س123.9b | ر.س23.4b | ر.س3.9b | 33.5x | 32.2x | 5.3x |
| Thu, 20 Feb 2025 | ر.س137.0b | ر.س22.0b | ر.س3.5b | 36.1x | 39x | 6.2x |
| Sat, 18 Jan 2025 | ر.س141.8b | ر.س22.0b | ر.س3.5b | 38.7x | 40.4x | 6.4x |
| Mon, 16 Dec 2024 | ر.س136.4b | ر.س22.0b | ر.س3.5b | 40.5x | 38.8x | 6.2x |
| Wed, 13 Nov 2024 | ر.س131.1b | ر.س22.1b | ر.س3.4b | 30.2x | 38.2x | 5.9x |
| Fri, 11 Oct 2024 | ر.س131.5b | ر.س21.8b | ر.س3.2b | 28.5x | 41.2x | 6x |
| Sun, 08 Sep 2024 | ر.س128.2b | ر.س21.7b | ر.س3.2b | 30x | 40.3x | 5.9x |
| Tue, 06 Aug 2024 | ر.س121.0b | ر.س21.3b | ر.س3.0b | 33.6x | 39.7x | 5.7x |
| Thu, 04 Jul 2024 | ر.س112.5b | ر.س21.2b | ر.س2.9b | 33.3x | 38.4x | 5.3x |
| Sat, 01 Jun 2024 | ر.س106.1b | ر.س21.0b | ر.س2.9b | 36.1x | 36.6x | 5.1x |
| Mon, 29 Apr 2024 | ر.س124.3b | ر.س20.6b | ر.س2.8b | 38x | 44.4x | 6x |
| Wed, 27 Mar 2024 | ر.س133.4b | ر.س20.5b | ر.س2.9b | 37.6x | 46.5x | 6.5x |
| Fri, 23 Feb 2024 | ر.س138.1b | ر.س19.7b | ر.س2.8b | 37.1x | 49.6x | 7x |
| Sun, 21 Jan 2024 | ر.س122.6b | ر.س19.7b | ر.س2.8b | 31.3x | 44x | 6.2x |
| Tue, 19 Dec 2023 | ر.س112.1b | ر.س19.7b | ر.س2.8b | 30.3x | 40.2x | 5.7x |
| Thu, 16 Nov 2023 | ر.س105.0b | ر.س19.6b | ر.س2.9b | 26.2x | 36.5x | 5.4x |
| Sat, 14 Oct 2023 | ر.س103.2b | ر.س18.4b | ر.س2.7b | 27.3x | 37.8x | 5.6x |
| Mon, 11 Sep 2023 | ر.س111.9b | ر.س18.4b | ر.س2.7b | 27.2x | 40.9x | 6.1x |
| Wed, 09 Aug 2023 | ر.س103.9b | ر.س17.6b | ر.س2.5b | 29.8x | 41.1x | 5.9x |
| Fri, 07 Jul 2023 | ر.س94.5b | ر.س17.1b | ر.س2.5b | 29.8x | 38.4x | 5.5x |
| Sun, 04 Jun 2023 | ر.س79.2b | ر.س16.8b | ر.س2.4b | 30.5x | 32.8x | 4.7x |
| Tue, 02 May 2023 | ر.س77.5b | ر.س16.1b | ر.س2.3b | 27.6x | 33.4x | 4.8x |
| Thu, 30 Mar 2023 | ر.س71.5b | ر.س16.0b | ر.س2.2b | 26.2x | 32.5x | 4.5x |
| Sat, 25 Feb 2023 | ر.س66.9b | ر.س15.8b | ر.س2.1b | 23.9x | 31.9x | 4.2x |
| Mon, 23 Jan 2023 | ر.س62.3b | ر.س15.8b | ر.س2.1b | 22.3x | 30x | 4x |
| Wed, 21 Dec 2022 | ر.س62.6b | ر.س15.7b | ر.س2.1b | 24.7x | 30.3x | 4x |
Price to Earnings Ratio
30.3x
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 24.8x which is lower than its 3-year average PE of 36.3x.
- 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 IT industry have grown 27% 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 industry?
| SA Market | -1.17% | |
| Tech | 2.66% | |
| IT | 2.66% | |
| IT Consulting | 2.66% | |
| 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 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.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 36.3x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting 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 Consulting 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.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 | 2.8% +ر.س41.2m | -13.3% | PE37.2x | |
| 7200 Al Moammar Information Systems | ر.س158.60 | 0.8% +ر.س39.0m | -3.9% | PE50.6x | |
| 9543 Saudi Networkers Services | ر.س77.85 | 1.2% +ر.س5.4m | -6.2% | PE13x |
