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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedApr 20, 2026
DataAggregated Company Financials
Companies7
- 7D4.5%
- 3M6.0%
- 1Y-32.1%
- YTD2.6%
In the last week, the Utilities industry is up 4.5%, with ACWA Power up 7.1%. Meanwhile, National Gas and Industrialization actually underperformed within the industry, shrinking 5.5% in the last week. In the past year, the industry is down 32%. Looking forward, earnings are forecast to grow by 28% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 20 Apr 2026 | ر.س230.6b | ر.س123.2b | ر.س6.9b | 19.1x | 33.4x | 1.9x |
| Wed, 18 Mar 2026 | ر.س212.2b | ر.س123.0b | ر.س6.9b | 23.8x | 30.8x | 1.7x |
| Fri, 13 Feb 2026 | ر.س222.1b | ر.س120.8b | -ر.س181,522,031.00 | 32.9x | -1223.5x | 1.8x |
| Sun, 11 Jan 2026 | ر.س211.9b | ر.س120.8b | -ر.س181,522,031.00 | 37x | -1167.3x | 1.8x |
| Tue, 09 Dec 2025 | ر.س229.4b | ر.س120.8b | -ر.س181,522,031.00 | 39.6x | -1264x | 1.9x |
| Thu, 06 Nov 2025 | ر.س255.8b | ر.س117.7b | ر.س1.5b | 44.5x | 174.3x | 2.2x |
| Sat, 04 Oct 2025 | ر.س251.2b | ر.س117.7b | ر.س1.4b | 44.1x | 174.9x | 2.1x |
| Mon, 01 Sep 2025 | ر.س246.7b | ر.س117.7b | ر.س1.4b | 48.4x | 171.9x | 2.1x |
| Wed, 30 Jul 2025 | ر.س241.8b | ر.س112.0b | ر.س686.7m | 49.5x | 352.2x | 2.2x |
| Fri, 27 Jun 2025 | ر.س267.8b | ر.س112.0b | ر.س686.7m | 54.7x | 390x | 2.4x |
| Sun, 25 May 2025 | ر.س285.2b | ر.س112.0b | ر.س662.9m | 56.1x | 430.3x | 2.5x |
| Tue, 22 Apr 2025 | ر.س326.9b | ر.س107.1b | ر.س388.6m | 64.7x | 841.2x | 3.1x |
| Thu, 20 Mar 2025 | ر.س331.2b | ر.س107.0b | ر.س348.1m | 65.5x | 951.4x | 3.1x |
| Sat, 15 Feb 2025 | ر.س390.9b | ر.س103.2b | ر.س6.2b | 36.6x | 62.9x | 3.8x |
| Mon, 13 Jan 2025 | ر.س393.7b | ر.س103.2b | ر.س6.2b | 35.7x | 63.3x | 3.8x |
| Wed, 11 Dec 2024 | ر.س394.1b | ر.س103.2b | ر.س6.2b | 39.2x | 63.4x | 3.8x |
| Fri, 08 Nov 2024 | ر.س427.2b | ر.س98.4b | ر.س5.5b | 39.3x | 77.4x | 4.3x |
| Sun, 06 Oct 2024 | ر.س449.4b | ر.س98.2b | ر.س5.5b | 38.9x | 81.4x | 4.6x |
| Tue, 03 Sep 2024 | ر.س411.5b | ر.س98.2b | ر.س5.5b | 41.3x | 74.5x | 4.2x |
| Thu, 01 Aug 2024 | ر.س394.3b | ر.س95.2b | ر.س5.3b | 42.1x | 74.3x | 4.1x |
| Sat, 29 Jun 2024 | ر.س361.2b | ر.س95.2b | ر.س5.3b | 45.1x | 68x | 3.8x |
| Mon, 27 May 2024 | ر.س456.1b | ر.س94.8b | ر.س5.3b | 35.2x | 86.8x | 4.8x |
| Wed, 24 Apr 2024 | ر.س451.0b | ر.س92.1b | ر.س5.2b | 35.8x | 87.5x | 4.9x |
| Fri, 22 Mar 2024 | ر.س369.3b | ر.س91.8b | ر.س5.2b | 39x | 71.6x | 4x |
| Sun, 18 Feb 2024 | ر.س299.1b | ر.س89.5b | ر.س7.1b | 37.9x | 41.9x | 3.3x |
| Tue, 16 Jan 2024 | ر.س272.4b | ر.س89.5b | ر.س7.1b | 31.7x | 38.1x | 3x |
| Thu, 14 Dec 2023 | ر.س284.5b | ر.س89.5b | ر.س7.1b | 29.4x | 39.8x | 3.2x |
| Sat, 11 Nov 2023 | ر.س248.7b | ر.س88.3b | ر.س7.7b | 24.7x | 32.2x | 2.8x |
| Mon, 09 Oct 2023 | ر.س235.7b | ر.س87.8b | ر.س7.8b | 23.9x | 30.3x | 2.7x |
| Wed, 06 Sep 2023 | ر.س255.2b | ر.س87.8b | ر.س7.8b | 26.7x | 32.8x | 2.9x |
| Fri, 04 Aug 2023 | ر.س245.7b | ر.س87.1b | ر.س9.0b | 29.4x | 27.2x | 2.8x |
| Sun, 02 Jul 2023 | ر.س242.5b | ر.س87.1b | ر.س9.0b | 28.6x | 26.9x | 2.8x |
| Tue, 30 May 2023 | ر.س228.2b | ر.س86.9b | ر.س8.9b | 27.4x | 25.6x | 2.6x |
| Thu, 27 Apr 2023 | ر.س238.8b | ر.س86.9b | ر.س10.0b | 27.6x | 23.8x | 2.8x |
Price to Earnings Ratio
23.8x
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 33.4x which is higher than its 3-year average PE of 6.3x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies 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 Market | 0.65% | |
| Utilities | 4.47% | |
| Other Utilities | 8.89% | |
| Renewable Energy | 7.09% | |
| Water Utilities | 4.43% | |
| Electric Utilities | 0.41% | |
| Gas Utilities | -5.44% | |
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 26.9%, 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 0.77x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 31% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 27% 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.س174.50 | 3.9% +ر.س5.0b | -46.2% | PE72.2x | |
| 2083 Power and Water Utility Company for Jubail and Yanbu | ر.س33.76 | 6.6% +ر.س520.0m | -23.4% | PE18.8x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س121.40 | 5.6% +ر.س224.0m | -22.5% | PE16.6x | |
| 9516 Natural Gas Distribution | ر.س30.00 | 9.1% +ر.س12.5m | -37.6% | PE19.6x |
