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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedMar 10, 2026
DataAggregated Company Financials
Companies7
- 7D3.4%
- 3M-10.1%
- 1Y-42.0%
- YTD-8.4%
Over the last 7 days, the Utilities industry has risen 3.4%, driven by gains from ACWA Power of 4.0%. During this same period, the National Gas and Industrialization underperformed, falling 5.2%. In contrast, the industry has lost 42% in the last 12 months. As for the next few years, earnings are expected to grow by 21% per annum.
Sector Valuation and Performance
Has the Saudi Arabian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 10 Mar 2026 | ر.س206.6b | ر.س123.0b | ر.س15.9b | 23.7x | 13x | 1.7x |
| Thu, 05 Feb 2026 | ر.س228.2b | ر.س120.8b | -ر.س181,522,031.00 | 34x | -1256.9x | 1.9x |
| Sat, 03 Jan 2026 | ر.س224.5b | ر.س120.8b | -ر.س181,522,031.00 | 37.8x | -1236.7x | 1.9x |
| Mon, 01 Dec 2025 | ر.س228.9b | ر.س120.8b | -ر.س181,522,031.00 | 39.4x | -1261.1x | 1.9x |
| Wed, 29 Oct 2025 | ر.س277.7b | ر.س117.7b | ر.س1.4b | 42.8x | 193.4x | 2.4x |
| Fri, 26 Sep 2025 | ر.س249.2b | ر.س117.7b | ر.س1.4b | 43.5x | 173.5x | 2.1x |
| Sun, 24 Aug 2025 | ر.س258.4b | ر.س117.7b | ر.س1.5b | 49.6x | 178x | 2.2x |
| Tue, 22 Jul 2025 | ر.س257.1b | ر.س112.0b | ر.س686.7m | 50.8x | 374.4x | 2.3x |
| Thu, 19 Jun 2025 | ر.س256.0b | ر.س112.0b | ر.س686.7m | 47x | 372.7x | 2.3x |
| Sat, 17 May 2025 | ر.س300.2b | ر.س108.1b | ر.س593.5m | 53.4x | 505.9x | 2.8x |
| Mon, 14 Apr 2025 | ر.س330.8b | ر.س107.1b | ر.س388.3m | 65.3x | 852.1x | 3.1x |
| Wed, 12 Mar 2025 | ر.س341.4b | ر.س103.1b | ر.س6.1b | 31.1x | 55.6x | 3.3x |
| Fri, 07 Feb 2025 | ر.س392.3b | ر.س103.2b | ر.س6.2b | 34.9x | 63.1x | 3.8x |
| Sun, 05 Jan 2025 | ر.س395.2b | ر.س103.2b | ر.س6.2b | 37.3x | 63.6x | 3.8x |
| Tue, 03 Dec 2024 | ر.س385.7b | ر.س103.2b | ر.س6.2b | 38.5x | 62x | 3.7x |
| Thu, 31 Oct 2024 | ر.س430.0b | ر.س98.2b | ر.س5.5b | 37.7x | 77.8x | 4.4x |
| Sat, 28 Sep 2024 | ر.س460.0b | ر.س98.2b | ر.س5.5b | 41.2x | 83.3x | 4.7x |
| Mon, 26 Aug 2024 | ر.س412.7b | ر.س98.2b | ر.س5.5b | 41x | 74.7x | 4.2x |
| Wed, 24 Jul 2024 | ر.س390.3b | ر.س95.2b | ر.س5.3b | 42.9x | 73.5x | 4.1x |
| Fri, 21 Jun 2024 | ر.س342.5b | ر.س95.2b | ر.س5.3b | 42.1x | 64.5x | 3.6x |
| Sun, 19 May 2024 | ر.س438.6b | ر.س94.7b | ر.س5.5b | 38.1x | 79.2x | 4.6x |
| Tue, 16 Apr 2024 | ر.س418.2b | ر.س92.1b | ر.س5.2b | 36.7x | 81.1x | 4.5x |
| Thu, 14 Mar 2024 | ر.س337.8b | ر.س91.7b | ر.س12.9b | 40.9x | 26.2x | 3.7x |
| Sat, 10 Feb 2024 | ر.س288.9b | ر.س89.5b | ر.س7.1b | 34.6x | 40.4x | 3.2x |
| Mon, 08 Jan 2024 | ر.س284.9b | ر.س89.5b | ر.س7.1b | 31.7x | 39.9x | 3.2x |
| Wed, 06 Dec 2023 | ر.س264.9b | ر.س89.5b | ر.س7.1b | 26.7x | 37.1x | 3x |
| Fri, 03 Nov 2023 | ر.س251.2b | ر.س87.8b | ر.س7.8b | 23.4x | 32.3x | 2.9x |
| Sun, 01 Oct 2023 | ر.س246.6b | ر.س87.8b | ر.س7.8b | 25.4x | 31.7x | 2.8x |
| Tue, 29 Aug 2023 | ر.س259.0b | ر.س87.8b | ر.س7.8b | 28.1x | 33.3x | 2.9x |
| Thu, 27 Jul 2023 | ر.س263.9b | ر.س87.1b | ر.س9.0b | 30x | 29.2x | 3x |
| Sat, 24 Jun 2023 | ر.س242.5b | ر.س87.1b | ر.س9.0b | 28.6x | 26.9x | 2.8x |
| Mon, 22 May 2023 | ر.س232.6b | ر.س86.7b | ر.س9.0b | 27.4x | 25.9x | 2.7x |
| Wed, 19 Apr 2023 | ر.س236.4b | ر.س86.9b | ر.س10.0b | 26.8x | 23.6x | 2.7x |
| Fri, 17 Mar 2023 | ر.س210.1b | ر.س85.8b | ر.س8.1b | 25.2x | 25.9x | 2.5x |
Price to Earnings Ratio
25.9x
Current Industry PE
- Investors are optimistic on the Saudi Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 13% 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 Utilities sector?
| SA Market | 3.44% | |
| Utilities | 3.36% | |
| Other Utilities | 8.81% | |
| Electric Utilities | 5.85% | |
| Gas Utilities | 4.01% | |
| Renewable Energy | 2.11% | |
| Water Utilities | -1.33% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 120x.
- Analysts are expecting annual earnings growth of 30.1%, which is higher than its past year's earnings growth of 5.4% per year.
- Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.69x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 5.4% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 4.0% 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 | |
|---|---|---|---|---|---|
| 2082 ACWA Power | ر.س167.00 | 4.0% +ر.س4.9b | -51.2% | PE69.1x | |
| 5110 Saudi Energy | ر.س14.48 | 5.2% +ر.س3.0b | -8.6% | PE4.6x | |
| 2083 Power and Water Utility Company for Jubail and Yanbu | ر.س32.20 | 9.2% +ر.س680.0m | -29.3% | PE17.9x | |
| 2084 Miahona | ر.س15.05 | 7.9% +ر.س177.0m | -29.5% | PE34.6x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س114.50 | 2.1% +ر.س84.0m | -26.1% | PE15.5x |