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Saudi Arabian (Tadawul) IT Industry Analysis
UpdatedDec 20, 2025
DataAggregated Company Financials
Companies15
- 7D-3.5%
- 3M-10.8%
- 1Y-27.4%
- YTD-26.5%
Over the last 7 days, the IT industry has dropped 3.5%, driven by a pullback from Elm of 3.3%. Meanwhile, Sure Global Tech actually outperformed within the industry, gaining 16% in the last week. However, the industry is down 27% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sat, 20 Dec 2025 | ر.س100.0b | ر.س26.3b | ر.س4.2b | 25x | 23.9x | 3.8x |
| Mon, 17 Nov 2025 | ر.س103.6b | ر.س26.1b | ر.س4.2b | 25x | 24.9x | 4x |
| Wed, 15 Oct 2025 | ر.س116.2b | ر.س25.1b | ر.س4.1b | 28.8x | 28.2x | 4.6x |
| Fri, 12 Sep 2025 | ر.س105.8b | ر.س25.1b | ر.س4.1b | 26.8x | 25.6x | 4.2x |
| Sun, 10 Aug 2025 | ر.س115.6b | ر.س25.0b | ر.س4.1b | 28.7x | 27.9x | 4.6x |
| Tue, 08 Jul 2025 | ر.س121.6b | ر.س24.4b | ر.س4.1b | 26.5x | 30x | 5x |
| Thu, 05 Jun 2025 | ر.س124.4b | ر.س23.7b | ر.س4.0b | 32.5x | 31.1x | 5.3x |
| Sat, 03 May 2025 | ر.س126.0b | ر.س23.3b | ر.س3.9b | 29.4x | 32.5x | 5.4x |
| Mon, 31 Mar 2025 | ر.س125.3b | ر.س23.4b | ر.س3.9b | 33.1x | 32.5x | 5.4x |
| Wed, 26 Feb 2025 | ر.س138.1b | ر.س22.9b | ر.س3.7b | 35x | 37.6x | 6x |
| Fri, 24 Jan 2025 | ر.س140.1b | ر.س22.0b | ر.س3.5b | 38.8x | 39.9x | 6.4x |
| Sun, 22 Dec 2024 | ر.س135.9b | ر.س22.0b | ر.س3.5b | 38.2x | 38.7x | 6.2x |
| Tue, 19 Nov 2024 | ر.س133.1b | ر.س22.1b | ر.س3.4b | 32.6x | 38.7x | 6x |
| Thu, 17 Oct 2024 | ر.س129.7b | ر.س21.8b | ر.س3.2b | 29.8x | 40.6x | 6x |
| Sat, 14 Sep 2024 | ر.س125.7b | ر.س21.7b | ر.س3.2b | 30x | 39.5x | 5.8x |
| Mon, 12 Aug 2024 | ر.س117.1b | ر.س21.7b | ر.س3.2b | 27.6x | 36.7x | 5.4x |
| Wed, 10 Jul 2024 | ر.س111.7b | ر.س21.2b | ر.س2.9b | 32.1x | 38.1x | 5.3x |
| Fri, 07 Jun 2024 | ر.س109.5b | ر.س21.0b | ر.س2.9b | 34.9x | 37.7x | 5.2x |
| Sun, 05 May 2024 | ر.س127.2b | ر.س20.6b | ر.س2.8b | 39.5x | 45.4x | 6.2x |
| Tue, 02 Apr 2024 | ر.س132.8b | ر.س20.5b | ر.س2.9b | 37.4x | 46.3x | 6.5x |
| Thu, 29 Feb 2024 | ر.س135.7b | ر.س19.7b | ر.س2.8b | 39x | 48.7x | 6.9x |
| Sat, 27 Jan 2024 | ر.س122.6b | ر.س19.7b | ر.س2.8b | 31.7x | 44x | 6.2x |
| Mon, 25 Dec 2023 | ر.س112.9b | ر.س19.7b | ر.س2.8b | 31x | 40.5x | 5.7x |
| Wed, 22 Nov 2023 | ر.س104.2b | ر.س19.7b | ر.س2.8b | 30x | 37.4x | 5.3x |
| Fri, 20 Oct 2023 | ر.س104.0b | ر.س18.4b | ر.س2.7b | 29x | 38.1x | 5.7x |
| Sun, 17 Sep 2023 | ر.س104.5b | ر.س18.4b | ر.س2.7b | 26.7x | 38.3x | 5.7x |
| Tue, 15 Aug 2023 | ر.س105.6b | ر.س18.1b | ر.س2.7b | 30x | 39x | 5.8x |
| Thu, 13 Jul 2023 | ر.س104.5b | ر.س17.1b | ر.س2.5b | 29.7x | 42.4x | 6.1x |
| Sat, 10 Jun 2023 | ر.س94.0b | ر.س17.1b | ر.س2.5b | 30.8x | 38.2x | 5.5x |
| Mon, 08 May 2023 | ر.س75.9b | ر.س16.1b | ر.س2.3b | 27.8x | 32.7x | 4.7x |
| Wed, 05 Apr 2023 | ر.س77.1b | ر.س16.0b | ر.س2.2b | 26.1x | 35x | 4.8x |
| Fri, 03 Mar 2023 | ر.س65.2b | ر.س15.8b | ر.س2.1b | 24.2x | 31.1x | 4.1x |
| Sun, 29 Jan 2023 | ر.س62.7b | ر.س15.8b | ر.س2.1b | 22.6x | 30.2x | 4x |
| Tue, 27 Dec 2022 | ر.س61.0b | ر.س15.7b | ر.س2.1b | 26.3x | 29.5x | 3.9x |
Price to Earnings Ratio
29.5x
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 23.9x which is lower than its 3-year average PE of 36.2x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.8x.
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 | -1.62% | |
| Tech | -3.55% | |
| IT | -3.53% | |
| Data Processing Services | 0% | 0 |
| IT Consulting | -3.53% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 36.2x.
- Analysts are expecting annual earnings growth of 13.3%, 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 36.2x.
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 | |
|---|---|---|---|---|---|
| 9550 Sure Global Tech | ر.س61.45 | 15.9% +ر.س63.6m | -31.7% | PE14.7x | |
| 9637 Axelerated Solutions for Information and Communication Technology | ر.س25.98 | 6.7% +ر.س45.9m | n/a | PE11.1x | |
| 9639 Anmat Technology for Trading | ر.س8.20 | 2.4% +ر.س8.2m | n/a | PE10.3x | |
| 9614 Purity for Information Technology | ر.س20.45 | 0.5% +ر.س1.5m | -4.0% | PE77.1x |