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Saudi Arabian (Tadawul) IT Industry Analysis

UpdatedJan 18, 2025
DataAggregated Company Financials
Companies13
  • 7D1.5%
  • 3M10.5%
  • 1Y15.3%
  • YTD5.5%

In the last week, the IT industry is up 1.5%, with Elm up 1.6%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Saudi Arabian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Jan 2025ر.س141.8bر.س22.0bر.س3.5b38.7x40.4x6.4x
Mon, 16 Dec 2024ر.س136.4bر.س22.0bر.س3.5b40.5x38.8x6.2x
Wed, 13 Nov 2024ر.س131.1bر.س22.1bر.س3.4b30.2x38.2x5.9x
Fri, 11 Oct 2024ر.س131.5bر.س21.8bر.س3.2b28.5x41.2x6x
Sun, 08 Sep 2024ر.س128.2bر.س21.7bر.س3.2b30x40.3x5.9x
Tue, 06 Aug 2024ر.س121.0bر.س21.3bر.س3.0b33.6x39.7x5.7x
Thu, 04 Jul 2024ر.س112.5bر.س21.2bر.س2.9b33.3x38.4x5.3x
Sat, 01 Jun 2024ر.س106.1bر.س21.0bر.س2.9b36.1x36.6x5.1x
Mon, 29 Apr 2024ر.س124.3bر.س20.6bر.س2.8b38x44.4x6x
Wed, 27 Mar 2024ر.س133.4bر.س20.5bر.س2.9b37.6x46.5x6.5x
Fri, 23 Feb 2024ر.س138.1bر.س19.7bر.س2.8b37.1x49.6x7x
Sun, 21 Jan 2024ر.س122.6bر.س19.7bر.س2.8b31.3x44x6.2x
Tue, 19 Dec 2023ر.س112.1bر.س19.7bر.س2.8b30.3x40.2x5.7x
Thu, 16 Nov 2023ر.س105.0bر.س19.6bر.س2.9b26.2x36.5x5.4x
Sat, 14 Oct 2023ر.س103.2bر.س18.4bر.س2.7b27.3x37.8x5.6x
Mon, 11 Sep 2023ر.س111.9bر.س18.4bر.س2.7b27.2x40.9x6.1x
Wed, 09 Aug 2023ر.س103.9bر.س17.6bر.س2.5b29.8x41.1x5.9x
Fri, 07 Jul 2023ر.س94.5bر.س17.1bر.س2.5b29.8x38.4x5.5x
Sun, 04 Jun 2023ر.س79.2bر.س16.8bر.س2.4b30.5x32.8x4.7x
Tue, 02 May 2023ر.س77.5bر.س16.1bر.س2.3b27.6x33.4x4.8x
Thu, 30 Mar 2023ر.س71.5bر.س16.0bر.س2.2b26.2x32.5x4.5x
Sat, 25 Feb 2023ر.س66.9bر.س15.8bر.س2.1b23.9x31.9x4.2x
Mon, 23 Jan 2023ر.س62.3bر.س15.8bر.س2.1b22.3x30x4x
Wed, 21 Dec 2022ر.س62.6bر.س15.7bر.س2.1b24.7x30.3x4x
Fri, 18 Nov 2022ر.س59.2bر.س15.7bر.س2.1b27.3x28.7x3.8x
Sun, 16 Oct 2022ر.س59.5bر.س14.3bر.س1.8b32.9x33.2x4.2x
Tue, 13 Sep 2022ر.س62.4bر.س14.3bر.س1.8b34.6x35x4.4x
Thu, 11 Aug 2022ر.س55.4bر.س13.8bر.س1.7b36.4x33.2x4x
Sat, 09 Jul 2022ر.س48.8bر.س13.4bر.س1.6b31.2x29.7x3.6x
Mon, 06 Jun 2022ر.س50.5bر.س13.3bر.س1.6b35.8x31.1x3.8x
Wed, 04 May 2022ر.س54.3bر.س13.0bر.س1.5b36.2x35x4.2x
Fri, 01 Apr 2022ر.س45.5bر.س12.8bر.س1.5b31.8x30.6x3.6x
Sun, 27 Feb 2022ر.س43.0bر.س12.5bر.س1.5b28.9x28.8x3.4x
Tue, 25 Jan 2022ر.س28.8bر.س8.5bر.س864.1m43.5x33.3x3.4x
Price to Earnings Ratio

33.3x


Total Market Cap: ر.س28.8bTotal Earnings: ر.س864.1mTotal Revenue: ر.س8.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian IT Industry Price to Earnings3Y Average 36.7x202320242025
Current Industry PE
  • Investors are optimistic on the Saudi IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.4x which is higher than its 3-year average PE of 36.7x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 38% 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 Market1.19%
Tech1.53%
IT1.53%
IT Consulting1.53%
Internet Services and Infrastructure0%
Data Processing Services0%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 17.0%, which is lower than the prior year's growth of 18.9% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 36.7x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
7203 Elmر.س1.19k1.6%
+ر.س1.5b
28.7%PE55.8x
7202 Arabian Internet and Communication Servicesر.س291.001.9%
+ر.س642.6m
-13.4%PE24.2x
7204 Perfect Presentation for Commercial Servicesر.س14.041.7%
+ر.س72.0m
2.5%PE26.5x
7200 Al Moammar Information Systemsر.س157.401.3%
+ر.س60.0m
19.1%PE43.4x
9595 WSM For Information Technologyر.س55.2011.3%
+ر.س10.9m
n/an/a
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Latest News

9614

ر.س21.00

Purity for Information Technology

7D

-7.3%

1Y

n/a

7203

ر.س1,188.80

Elm

7D

1.6%

1Y

28.7%

9558

ر.س90.00

Alqemam for Computer Systems

7D

3.8%

1Y

-5.0%

9543

ر.س81.50

Saudi Networkers Services

7D

2.1%

1Y

40.5%

9557

ر.س680.00

Edarat Communication and Information Technology

7D

-1.1%

1Y

240.0%

9595

ر.س55.20

WSM For Information Technology

7D

11.3%

1Y

n/a