Header cover image

Saudi Arabian (Tadawul) Telecom Sector Analysis

UpdatedNov 23, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.9%
  • 3M0.7%
  • 1Y2.8%
  • YTD0.6%

Over the last 7 days, the Telecom industry has dropped 1.9%, driven by pullbacks in Etihad Etisalat and Saudi Research and Media Group of 2.1% and 7.1%, respectively. Meanwhile, Arabian Contracting Services actually outperformed within the industry, gaining 7.8% in the last week. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

Has the Saudi Arabian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Nov 2025ر.س307.5bر.س119.0bر.س16.5b14.6x18.7x2.6x
Tue, 21 Oct 2025ر.س320.9bر.س117.8bر.س16.9b17.1x19x2.7x
Thu, 18 Sep 2025ر.س299.3bر.س117.8bر.س16.9b16.6x17.7x2.5x
Sat, 16 Aug 2025ر.س305.4bر.س117.9bر.س17.2b15x17.7x2.6x
Mon, 14 Jul 2025ر.س304.2bر.س116.9bر.س16.3b15.4x18.7x2.6x
Wed, 11 Jun 2025ر.س305.5bر.س116.6bر.س16.2b18.8x18.8x2.6x
Fri, 09 May 2025ر.س320.6bر.س115.7bر.س16.2b19x19.8x2.8x
Sun, 06 Apr 2025ر.س326.5bر.س114.9bر.س15.5b21.4x21.1x2.8x
Tue, 04 Mar 2025ر.س331.5bر.س115.8bر.س29.4b17.7x11.3x2.9x
Thu, 30 Jan 2025ر.س324.8bر.س113.5bر.س17.4b30.8x18.6x2.9x
Sat, 28 Dec 2024ر.س302.2bر.س113.6bر.س17.5b24.1x17.3x2.7x
Mon, 25 Nov 2024ر.س298.7bر.س113.5bر.س17.4b30.7x17.1x2.6x
Wed, 23 Oct 2024ر.س310.3bر.س110.8bر.س17.6b31x17.7x2.8x
Fri, 20 Sep 2024ر.س316.6bر.س110.8bر.س17.6b35.2x18x2.9x
Sun, 18 Aug 2024ر.س293.3bر.س110.8bر.س17.6b36.4x16.7x2.6x
Tue, 16 Jul 2024ر.س293.8bر.س109.5bر.س17.2b34.9x17.1x2.7x
Thu, 13 Jun 2024ر.س283.8bر.س109.4bر.س17.2b31.1x16.5x2.6x
Sat, 11 May 2024ر.س294.7bر.س107.5bر.س17.8b20.1x16.5x2.7x
Mon, 08 Apr 2024ر.س299.9bر.س107.5bر.س17.8b18.8x16.8x2.8x
Wed, 06 Mar 2024ر.س313.3bر.س108.7bر.س18.0b18.8x17.4x2.9x
Fri, 02 Feb 2024ر.س311.5bر.س108.0bر.س18.3b19.3x17x2.9x
Sun, 31 Dec 2023ر.س280.1bر.س104.3bر.س18.2b16.4x15.4x2.7x
Tue, 28 Nov 2023ر.س263.0bر.س104.3bر.س18.2b15.4x14.5x2.5x
Thu, 26 Oct 2023ر.س252.5bر.س101.8bر.س16.4b16.1x15.4x2.5x
Sat, 23 Sep 2023ر.س258.2bر.س101.8bر.س16.4b16.2x15.7x2.5x
Mon, 21 Aug 2023ر.س275.5bر.س101.8bر.س16.4b17.1x16.8x2.7x
Wed, 19 Jul 2023ر.س299.5bر.س99.5bر.س16.1b19.4x18.6x3x
Fri, 16 Jun 2023ر.س289.2bر.س99.5bر.س16.1b18.8x18x2.9x
Sun, 14 May 2023ر.س299.3bر.س97.6bر.س15.3b22.8x19.5x3.1x
Tue, 11 Apr 2023ر.س273.9bر.س97.4bر.س15.3b22.5x17.9x2.8x
Thu, 09 Mar 2023ر.س251.4bر.س97.0bر.س15.1b21.7x16.7x2.6x
Sat, 04 Feb 2023ر.س242.5bر.س95.8bر.س14.7b20.7x16.5x2.5x
Mon, 02 Jan 2023ر.س242.0bر.س95.8bر.س14.7b20.2x16.5x2.5x
Wed, 30 Nov 2022ر.س248.6bر.س95.8bر.س14.7b21x17x2.6x
Price to Earnings Ratio

17x


Total Market Cap: ر.س248.6bTotal Earnings: ر.س14.7bTotal Revenue: ر.س95.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Telecom Sector Price to Earnings3Y Average 17.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Saudi Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 4.0% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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 Telecom sector?

SA Market-0.72%
Telecom-1.89%
Media-1.78%
Telecom Services and Carriers-1.88%
Wireless Telecom-2.02%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 40.9x.
    • Analysts expect its future annual earnings growth (47.2%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading below its 3-year average of 16.9x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 6.8% 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
4071 Arabian Contracting Servicesر.س115.307.8%
+ر.س456.5m
-24.3%PS3.3x
4072 MBC Groupر.س33.000.4%
+ر.س46.6m
-28.7%PE18.9x
9642 Time Entertainmentر.س53.951.8%
+ر.س950.0k
n/aPS1.5x

Latest News