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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies7
  • 7D2.9%
  • 3M-18.9%
  • 1Y-45.6%
  • YTD0.5%

The Utilities industry is up 2.9% in the last week, with ACWA Power up 4.2%. In the past year, the industry is down 46%. Earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026ر.س225.7bر.س120.8b-ر.س181,522,031.0034.7x-1243.2x1.9x
Sun, 28 Dec 2025ر.س225.6bر.س120.8b-ر.س181,522,031.0038.3x-1242.9x1.9x
Tue, 25 Nov 2025ر.س238.8bر.س120.8b-ر.س181,522,031.0044.6x-1315.3x2x
Thu, 23 Oct 2025ر.س273.9bر.س117.7bر.س1.4b44.5x190.7x2.3x
Sat, 20 Sep 2025ر.س247.6bر.س117.7bر.س1.4b42.7x172.4x2.1x
Mon, 18 Aug 2025ر.س261.6bر.س117.6bر.س1.5b49.1x179.8x2.2x
Wed, 16 Jul 2025ر.س261.6bر.س112.0bر.س686.7m52.6x380.9x2.3x
Fri, 13 Jun 2025ر.س269.6bر.س112.0bر.س686.7m49x392.6x2.4x
Sun, 11 May 2025ر.س307.1bر.س108.0bر.س577.3m70.6x532x2.8x
Tue, 08 Apr 2025ر.س321.0bر.س107.1bر.س388.3m64.7x826.9x3x
Thu, 06 Mar 2025ر.س345.9bر.س103.1bر.س6.1b33.2x56.3x3.4x
Sat, 01 Feb 2025ر.س401.4bر.س103.2bر.س6.2b35.1x64.6x3.9x
Mon, 30 Dec 2024ر.س391.1bر.س103.2bر.س6.2b36.9x62.9x3.8x
Wed, 27 Nov 2024ر.س374.9bر.س103.2bر.س6.2b38.3x60.3x3.6x
Fri, 25 Oct 2024ر.س415.0bر.س98.2bر.س5.5b36.8x75.1x4.2x
Sun, 22 Sep 2024ر.س400.7bر.س98.2bر.س5.5b40.6x72.5x4.1x
Tue, 20 Aug 2024ر.س406.5bر.س98.2bر.س5.5b39.6x73.6x4.1x
Thu, 18 Jul 2024ر.س396.4bر.س95.2bر.س5.3b43.8x74.6x4.2x
Sat, 15 Jun 2024ر.س342.5bر.س95.2bر.س5.3b42.1x64.5x3.6x
Mon, 13 May 2024ر.س403.6bر.س92.1bر.س5.1b40.4x78.9x4.4x
Wed, 10 Apr 2024ر.س377.9bر.س92.1bر.س5.2b35.6x73.3x4.1x
Fri, 08 Mar 2024ر.س327.0bر.س89.7bر.س7.3b40.8x44.8x3.6x
Sun, 04 Feb 2024ر.س282.3bر.س89.5bر.س7.1b32.9x39.5x3.2x
Tue, 02 Jan 2024ر.س293.4bر.س89.5bر.س7.1b31.8x41.1x3.3x
Thu, 30 Nov 2023ر.س260.8bر.س89.5bر.س7.1b26.5x36.5x2.9x
Sat, 28 Oct 2023ر.س252.2bر.س87.8bر.س7.8b21.9x32.4x2.9x
Mon, 25 Sep 2023ر.س242.9bر.س87.8bر.س7.8b24.8x31.2x2.8x
Wed, 23 Aug 2023ر.س251.5bر.س87.8bر.س7.8b28x32.3x2.9x
Fri, 21 Jul 2023ر.س267.2bر.س87.1bر.س9.0b30.3x29.6x3.1x
Sun, 18 Jun 2023ر.س234.8bر.س87.1bر.س9.0b29x26x2.7x
Tue, 16 May 2023ر.س232.4bر.س86.9bر.س10.0b27x23.2x2.7x
Thu, 13 Apr 2023ر.س229.5bر.س86.9bر.س10.0b26.4x22.9x2.6x
Sat, 11 Mar 2023ر.س216.6bر.س85.8bر.س8.1b25.6x26.7x2.5x
Mon, 06 Feb 2023ر.س223.0bر.س85.8bر.س8.0b25.2x27.8x2.6x
Price to Earnings Ratio

27.8x


Total Market Cap: ر.س223.0bTotal Earnings: ر.س8.0bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 40.8x202420252026
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 1.9x.
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 Market2.27%
Utilities2.87%
Renewable Energy4.23%
Electric Utilities1.27%
Gas Utilities0.28%
Water Utilities-0.69%
Other Utilities-2.88%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 102x.
    • 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
2082 ACWA Powerر.س187.304.2%
+ر.س5.8b
-54.2%PE80.5x
5110 Saudi Electricityر.س14.401.3%
+ر.س750.0m
-15.4%PS0.6x
2080 National Gas and Industrializationر.س89.000.5%
+ر.س33.8m
-15.4%PE27.2x