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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedMar 12, 2026
DataAggregated Company Financials
Companies7
- 7D2.1%
- 3M-10.2%
- 1Y-40.0%
- YTD-7.1%
The Utilities industry is up 2.1% in the last week, with ACWA Power up 2.3%. In contrast, the industry has lost 40% in the last 12 months. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Fri, 13 Mar 2026 | ر.س209.7b | ر.س123.0b | ر.س15.9b | 23.6x | 13.2x | 1.7x |
| Sun, 08 Feb 2026 | ر.س224.4b | ر.س120.8b | -ر.س181,522,031.00 | 33.3x | -1236.5x | 1.9x |
| Tue, 06 Jan 2026 | ر.س211.6b | ر.س120.8b | -ر.س181,522,031.00 | 36.5x | -1165.6x | 1.8x |
| Thu, 04 Dec 2025 | ر.س231.7b | ر.س120.8b | -ر.س181,522,031.00 | 39.3x | -1276.4x | 1.9x |
| Sat, 01 Nov 2025 | ر.س278.4b | ر.س117.7b | ر.س1.4b | 43x | 193.9x | 2.4x |
| Mon, 29 Sep 2025 | ر.س248.3b | ر.س117.7b | ر.س1.4b | 43.2x | 172.9x | 2.1x |
| Wed, 27 Aug 2025 | ر.س252.5b | ر.س117.7b | ر.س1.4b | 50.1x | 175.9x | 2.1x |
| Fri, 25 Jul 2025 | ر.س252.9b | ر.س112.0b | ر.س686.7m | 50.8x | 368.2x | 2.3x |
| Sun, 22 Jun 2025 | ر.س257.0b | ر.س112.0b | ر.س686.7m | 46.9x | 374.3x | 2.3x |
| Tue, 20 May 2025 | ر.س297.6b | ر.س111.7b | ر.س664.5m | 54x | 447.8x | 2.7x |
| Thu, 17 Apr 2025 | ر.س331.1b | ر.س107.1b | ر.س388.6m | 65.5x | 852.1x | 3.1x |
| Sat, 15 Mar 2025 | ر.س336.9b | ر.س107.0b | ر.س9.1b | 62.1x | 36.9x | 3.1x |
| Mon, 10 Feb 2025 | ر.س392.9b | ر.س103.2b | ر.س6.2b | 35.7x | 63.2x | 3.8x |
| Wed, 08 Jan 2025 | ر.س387.2b | ر.س103.2b | ر.س6.2b | 35.6x | 62.3x | 3.8x |
| Fri, 06 Dec 2024 | ر.س391.1b | ر.س103.2b | ر.س6.2b | 38.8x | 62.9x | 3.8x |
| Sun, 03 Nov 2024 | ر.س438.6b | ر.س98.4b | ر.س5.5b | 40.2x | 79.4x | 4.5x |
| Tue, 01 Oct 2024 | ر.س463.6b | ر.س98.2b | ر.س5.5b | 40.9x | 83.9x | 4.7x |
| Thu, 29 Aug 2024 | ر.س412.3b | ر.س98.2b | ر.س5.5b | 42.5x | 74.6x | 4.2x |
| Sat, 27 Jul 2024 | ر.س386.0b | ر.س95.2b | ر.س5.3b | 42.9x | 72.7x | 4.1x |
| Mon, 24 Jun 2024 | ر.س342.5b | ر.س95.2b | ر.س5.3b | 42.1x | 64.5x | 3.6x |
| Wed, 22 May 2024 | ر.س451.4b | ر.س94.7b | ر.س5.2b | 37x | 86.1x | 4.8x |
| Fri, 19 Apr 2024 | ر.س430.8b | ر.س92.1b | ر.س5.2b | 36.6x | 83.5x | 4.7x |
| Sun, 17 Mar 2024 | ر.س352.6b | ر.س91.8b | ر.س12.8b | 42x | 27.5x | 3.8x |
| Tue, 13 Feb 2024 | ر.س295.2b | ر.س89.5b | ر.س7.1b | 36x | 41.3x | 3.3x |
| Thu, 11 Jan 2024 | ر.س281.0b | ر.س89.5b | ر.س7.1b | 32.4x | 39.3x | 3.1x |
| Sat, 09 Dec 2023 | ر.س270.8b | ر.س89.5b | ر.س7.1b | 26.6x | 37.9x | 3x |
| Mon, 06 Nov 2023 | ر.س257.5b | ر.س88.1b | ر.س7.8b | 23.6x | 32.8x | 2.9x |
| Wed, 04 Oct 2023 | ر.س242.5b | ر.س87.8b | ر.س7.8b | 24.5x | 31.2x | 2.8x |
| Fri, 01 Sep 2023 | ر.س254.0b | ر.س87.8b | ر.س7.8b | 28x | 32.6x | 2.9x |
| Sun, 30 Jul 2023 | ر.س260.1b | ر.س87.1b | ر.س9.0b | 29.6x | 28.8x | 3x |
| Tue, 27 Jun 2023 | ر.س242.5b | ر.س87.1b | ر.س9.0b | 28.6x | 26.9x | 2.8x |
| Thu, 25 May 2023 | ر.س228.7b | ر.س86.7b | ر.س9.0b | 28.1x | 25.5x | 2.6x |
| Sat, 22 Apr 2023 | ر.س236.4b | ر.س86.9b | ر.س10.0b | 26.8x | 23.6x | 2.7x |
| Mon, 20 Mar 2023 | ر.س209.4b | ر.س85.8b | ر.س8.1b | 25.3x | 25.8x | 2.4x |
Price to Earnings Ratio
25.8x
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 13.2x 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 | 3.38% | |
| Utilities | 2.07% | |
| Electric Utilities | 2.99% | |
| Renewable Energy | 2.32% | |
| Water Utilities | -0.29% | |
| Other Utilities | -2.35% | |
| Gas Utilities | -3.89% | |
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 0.67x.
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 | |
|---|---|---|---|---|---|
| 5110 Saudi Energy | ر.س14.68 | 3.2% +ر.س1.9b | -7.4% | PE4.7x | |
| 2081 Alkhorayef Water and Power Technologies | ر.س115.00 | 1.4% +ر.س56.0m | -27.0% | PE15.5x | |
| 2084 Miahona | ر.س15.01 | 1.7% +ر.س40.2m | -31.7% | PE34.5x | |
| 9516 Natural Gas Distribution | ر.س23.47 | 0.4% +ر.س450.0k | -55.7% | PE25.9x |