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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies7
  • 7D0.2%
  • 3M-18.7%
  • 1Y-48.3%
  • YTD-1.2%

In the last week, the Utilities industry is up 1.3%, with Saudi Electricity up 2.8%. In contrast, the industry has lost 48% in the last 12 months. As for the next few years, earnings are expected to grow by 31% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026ر.س221.8bر.س120.8b-ر.س181,522,031.0036.3x-1221.7x1.8x
Wed, 24 Dec 2025ر.س226.7bر.س120.8b-ر.س181,522,031.0038.5x-1248.8x1.9x
Fri, 21 Nov 2025ر.س244.8bر.س120.8b-ر.س181,522,031.0043.4x-1348.6x2x
Sun, 19 Oct 2025ر.س271.8bر.س117.7bر.س1.4b46.2x189.2x2.3x
Tue, 16 Sep 2025ر.س236.3bر.س117.7bر.س1.4b41.9x164.5x2x
Thu, 14 Aug 2025ر.س259.1bر.س112.2bر.س539.9m47.8x480x2.3x
Sat, 12 Jul 2025ر.س269.5bر.س112.0bر.س686.7m53.7x392.4x2.4x
Mon, 09 Jun 2025ر.س282.6bر.س112.0bر.س686.7m49.6x411.5x2.5x
Wed, 07 May 2025ر.س307.6bر.س107.2bر.س372.4m72.7x826x2.9x
Fri, 04 Apr 2025ر.س344.0bر.س107.1bر.س388.3m68.1x886.1x3.2x
Sun, 02 Mar 2025ر.س371.5bر.س103.1bر.س6.1b33.5x60.5x3.6x
Tue, 28 Jan 2025ر.س414.9bر.س103.2bر.س6.2b36x66.7x4x
Thu, 26 Dec 2024ر.س387.0bر.س103.2bر.س6.2b35.3x62.2x3.8x
Sat, 23 Nov 2024ر.س387.3bر.س103.2bر.س6.2b37.9x62.3x3.8x
Mon, 21 Oct 2024ر.س430.3bر.س98.2bر.س5.5b36.8x77.9x4.4x
Wed, 18 Sep 2024ر.س398.8bر.س98.2bر.س5.5b40.1x72.2x4.1x
Fri, 16 Aug 2024ر.س397.3bر.س98.1bر.س6.1b39.3x65.2x4x
Sun, 14 Jul 2024ر.س373.9bر.س95.2bر.س5.3b42x70.4x3.9x
Tue, 11 Jun 2024ر.س385.2bر.س95.2bر.س5.3b42.1x72.5x4x
Thu, 09 May 2024ر.س424.7bر.س92.2bر.س5.1b40.2x83.4x4.6x
Sat, 06 Apr 2024ر.س377.9bر.س92.1bر.س5.2b35.6x73.3x4.1x
Mon, 04 Mar 2024ر.س306.2bر.س89.7bر.س7.3b37.6x41.9x3.4x
Wed, 31 Jan 2024ر.س284.2bر.س89.5bر.س7.1b32.9x39.8x3.2x
Fri, 29 Dec 2023ر.س292.7bر.س89.5bر.س7.1b31x41x3.3x
Sun, 26 Nov 2023ر.س263.2bر.س89.5bر.س7.1b26.7x36.8x2.9x
Tue, 24 Oct 2023ر.س247.5bر.س87.8bر.س7.8b21.9x31.8x2.8x
Thu, 21 Sep 2023ر.س245.1bر.س87.8bر.س7.8b25.2x31.5x2.8x
Sat, 19 Aug 2023ر.س253.0bر.س87.7bر.س7.8b28.5x32.6x2.9x
Mon, 17 Jul 2023ر.س257.6bر.س87.1bر.س9.0b30.7x28.5x3x
Wed, 14 Jun 2023ر.س233.1bر.س87.1bر.س9.0b28.9x25.8x2.7x
Fri, 12 May 2023ر.س239.2bر.س86.9bر.س10.0b27.5x23.9x2.8x
Sun, 09 Apr 2023ر.س227.2bر.س86.7bر.س10.0b26.8x22.7x2.6x
Tue, 07 Mar 2023ر.س214.2bر.س85.8bر.س8.0b25.4x26.7x2.5x
Thu, 02 Feb 2023ر.س224.9bر.س85.8bر.س8.0b25.6x28.1x2.6x
Price to Earnings Ratio

28.1x


Total Market Cap: ر.س224.9bTotal Earnings: ر.س8.0bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 45.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Saudi Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Utilities sector?

SA Market2.03%
Utilities0.16%
Water Utilities4.01%
Electric Utilities2.79%
Gas Utilities1.20%
Renewable Energy-0.98%
Other Utilities-3.11%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 101x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 43% over the next 5 years.
  • In contrast, the Water Utilities 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?

CompanyLast Price7D1YValuation
5110 Saudi Electricityر.س14.392.8%
+ر.س1.6b		-15.9%PS0.6x
2081 Alkhorayef Water and Power Technologiesر.س127.606.0%
+ر.س252.0m		-20.5%PE17.2x
2080 National Gas and Industrializationر.س88.151.3%
+ر.س86.3m		-12.9%PE26.9x
2084 Miahonaر.س18.361.2%
+ر.س33.8m		-33.6%PE42.2x

Latest News

2083
ر.س33.04
Power and Water Utility Company for Jubail and Yanbu
7D
-3.1%
1Y
-36.8%
2082
ر.س181.90
ACWA Power
7D
-1.0%
1Y
-57.3%

2082: Long Dated Projects And Partnerships Will Support Balanced Future Outlook

Analysts have kept their fair value estimate for ACWA Power steady at 191.83, with only minor tweaks to key model inputs such as discount rate, long term revenue growth, profit margin and future P/E. This suggests their updated price targets mainly reflect refined assumptions rather than a change in the core valuation view.
5110
ر.س14.39
Saudi Electricity
7D
2.8%
1Y
-15.9%

Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital

Jan 12
Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital
9516
ر.س27.50
Natural Gas Distribution
7D
-4.5%
1Y
-53.0%

Natural Gas Distribution Company (TADAWUL:9516) Not Flying Under The Radar

Jan 07
Natural Gas Distribution Company (TADAWUL:9516) Not Flying Under The Radar
2080
ر.س88.15
National Gas and Industrialization
7D
1.3%
1Y
-12.9%

If EPS Growth Is Important To You, National Gas and Industrialization (TADAWUL:2080) Presents An Opportunity

Jan 01
If EPS Growth Is Important To You, National Gas and Industrialization (TADAWUL:2080) Presents An Opportunity
2084
ر.س18.36
Miahona
7D
1.2%
1Y
-33.6%
2081
ر.س127.60
Alkhorayef Water and Power Technologies
7D
6.0%
1Y
-20.5%