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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.3%
  • 3M-9.8%
  • 1Y-39.9%
  • YTD-6.8%

Over the last 7 days, the Utilities industry has remained flat, although notably Saudi Energy gained 3.2%. As for the longer term, the industry has declined 40% in the last year. 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
Sun, 15 Mar 2026ر.س209.2bر.س123.0bر.س6.9b23.3x30.3x1.7x
Tue, 10 Feb 2026ر.س223.9bر.س120.8b-ر.س181,522,031.0032.9x-1233.5x1.9x
Thu, 08 Jan 2026ر.س212.1bر.س120.8b-ر.س181,522,031.0037.3x-1168.6x1.8x
Sat, 06 Dec 2025ر.س229.8bر.س120.8b-ر.س181,522,031.0039.4x-1266.1x1.9x
Mon, 03 Nov 2025ر.س282.2bر.س117.7bر.س1.4b41.7x196.5x2.4x
Wed, 01 Oct 2025ر.س252.2bر.س117.7bر.س1.4b43.8x175.6x2.1x
Fri, 29 Aug 2025ر.س249.7bر.س117.7bر.س1.4b49.4x174x2.1x
Sun, 27 Jul 2025ر.س253.1bر.س112.0bر.س686.7m50.8x368.5x2.3x
Tue, 24 Jun 2025ر.س260.4bر.س112.0bر.س686.7m47.9x379.2x2.3x
Thu, 22 May 2025ر.س285.7bر.س111.9bر.س679.6m54.3x420.5x2.6x
Sat, 19 Apr 2025ر.س328.2bر.س107.1bر.س388.6m65.4x844.7x3.1x
Mon, 17 Mar 2025ر.س336.9bر.س107.0bر.س348.1m69.7x967.9x3.1x
Wed, 12 Feb 2025ر.س390.6bر.س103.2bر.س6.2b36.4x62.8x3.8x
Fri, 10 Jan 2025ر.س390.7bر.س103.2bر.س6.2b35.4x62.8x3.8x
Sun, 08 Dec 2024ر.س391.1bر.س103.2bر.س6.2b38.8x62.9x3.8x
Tue, 05 Nov 2024ر.س441.1bر.س98.4bر.س5.5b40.1x79.9x4.5x
Thu, 03 Oct 2024ر.س461.3bر.س98.2bر.س5.5b40.6x83.5x4.7x
Sat, 31 Aug 2024ر.س417.3bر.س98.2bر.س5.5b42.3x75.5x4.2x
Mon, 29 Jul 2024ر.س386.0bر.س95.2bر.س5.3b42.6x72.7x4.1x
Wed, 26 Jun 2024ر.س360.2bر.س95.2bر.س5.3b44x67.8x3.8x
Fri, 24 May 2024ر.س457.6bر.س94.7bر.س5.2b37.1x87.3x4.8x
Sun, 21 Apr 2024ر.س430.8bر.س92.1bر.س5.2b36.6x83.5x4.7x
Tue, 19 Mar 2024ر.س368.5bر.س91.8bر.س5.2b41.3x71.3x4x
Thu, 15 Feb 2024ر.س297.3bر.س89.5bر.س7.1b37.7x41.6x3.3x
Sat, 13 Jan 2024ر.س282.9bر.س89.5bر.س7.1b32x39.6x3.2x
Mon, 11 Dec 2023ر.س270.8bر.س89.5bر.س7.1b26.6x37.9x3x
Wed, 08 Nov 2023ر.س250.2bر.س88.0bر.س7.7b25.6x32.4x2.8x
Fri, 06 Oct 2023ر.س240.3bر.س87.8bر.س7.8b24.3x30.9x2.7x
Sun, 03 Sep 2023ر.س254.0bر.س87.8bر.س7.8b28x32.6x2.9x
Tue, 01 Aug 2023ر.س254.6bر.س87.1bر.س9.0b29.3x28.2x2.9x
Thu, 29 Jun 2023ر.س242.5bر.س87.1bر.س9.0b28.6x26.9x2.8x
Sat, 27 May 2023ر.س229.8bر.س86.7bر.س9.0b28.5x25.7x2.6x
Mon, 24 Apr 2023ر.س236.4bر.س86.9bر.س10.0b26.8x23.6x2.7x
Wed, 22 Mar 2023ر.س214.9bر.س85.8bر.س8.1b25x26.5x2.5x
Price to Earnings Ratio

26.5x


Total Market Cap: ر.س214.9bTotal Earnings: ر.س8.1bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 6x202420252026
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 30.3x 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 declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 Market2.75%
Utilities-0.34%
Electric Utilities3.23%
Water Utilities1.52%
Renewable Energy-1.64%
Gas Utilities-3.10%
Other Utilities-5.14%
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 30.2%, 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 0.65x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 33% over the next 5 years.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 4.4% 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 Energyر.س14.683.2%
+ر.س1.9b
-7.4%PE15.2x
2081 Alkhorayef Water and Power Technologiesر.س115.001.4%
+ر.س56.0m
-27.0%PE15.5x
2084 Miahonaر.س15.011.7%
+ر.س40.2m
-31.7%PE34.5x
9516 Natural Gas Distributionر.س23.470.4%
+ر.س450.0k
-55.7%PE25.9x