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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.3%
  • 3M-11.0%
  • 1Y-45.7%
  • YTD-2.9%

Over the last 7 days, the Utilities industry has dropped 1.3%, driven by a pullback from ACWA Power of 1.2%. The industry has fallen 46% in the last year. Looking forward, 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
Wed, 18 Feb 2026ر.س218.0bر.س120.8b-ر.س181,522,031.0032.4x-1200.9x1.8x
Fri, 16 Jan 2026ر.س216.5bر.س120.8b-ر.س181,522,031.0036.5x-1192.5x1.8x
Sun, 14 Dec 2025ر.س232.1bر.س120.8b-ر.س181,522,031.0039.7x-1278.6x1.9x
Tue, 11 Nov 2025ر.س255.5bر.س117.8bر.س1.5b44.1x175.9x2.2x
Thu, 09 Oct 2025ر.س256.9bر.س117.7bر.س1.4b44.1x178.9x2.2x
Sat, 06 Sep 2025ر.س246.3bر.س117.7bر.س1.4b47.5x171.7x2.1x
Mon, 04 Aug 2025ر.س247.5bر.س112.2bر.س537.9m51.5x460.1x2.2x
Wed, 02 Jul 2025ر.س274.8bر.س112.0bر.س686.7m54.2x400.1x2.5x
Fri, 30 May 2025ر.س274.9bر.س112.0bر.س686.7m50.9x400.3x2.5x
Sun, 27 Apr 2025ر.س332.3bر.س107.2bر.س372.4m77.8x892.3x3.1x
Tue, 25 Mar 2025ر.س333.4bر.س107.0bر.س348.1m68.6x957.9x3.1x
Thu, 20 Feb 2025ر.س388.5bر.س103.2bر.س6.2b34.5x62.5x3.8x
Sat, 18 Jan 2025ر.س393.3bر.س103.2bر.س6.2b36.9x63.3x3.8x
Mon, 16 Dec 2024ر.س381.8bر.س103.2bر.س6.2b38.1x61.4x3.7x
Wed, 13 Nov 2024ر.س404.2bر.س103.1bر.س6.2b38.9x64.9x3.9x
Fri, 11 Oct 2024ر.س455.5bر.س98.2bر.س5.5b37.4x82.5x4.6x
Sun, 08 Sep 2024ر.س409.3bر.س98.2bر.س5.5b40.8x74.1x4.2x
Tue, 06 Aug 2024ر.س381.5bر.س95.3bر.س5.2b39.4x73.1x4x
Thu, 04 Jul 2024ر.س354.2bر.س95.2bر.س5.3b42.1x66.7x3.7x
Sat, 01 Jun 2024ر.س391.3bر.س94.8bر.س5.3b34.6x74.5x4.1x
Mon, 29 Apr 2024ر.س416.1bر.س92.1bر.س5.2b35.5x80.7x4.5x
Wed, 27 Mar 2024ر.س366.0bر.س91.8bر.س5.2b38.7x71x4x
Fri, 23 Feb 2024ر.س299.2bر.س89.5bر.س7.1b36.2x41.9x3.3x
Sun, 21 Jan 2024ر.س284.5bر.س89.5bر.س7.1b32.7x39.8x3.2x
Tue, 19 Dec 2023ر.س286.2bر.س89.5bر.س7.1b29.3x40.1x3.2x
Thu, 16 Nov 2023ر.س257.4bر.س89.5bر.س7.1b25.8x36x2.9x
Sat, 14 Oct 2023ر.س238.0bر.س87.8bر.س7.8b23.1x30.6x2.7x
Mon, 11 Sep 2023ر.س245.3bر.س87.8bر.س7.8b25.7x31.5x2.8x
Wed, 09 Aug 2023ر.س246.3bر.س87.1bر.س9.0b28.5x27.3x2.8x
Fri, 07 Jul 2023ر.س256.3bر.س87.1bر.س9.0b29.9x28.4x2.9x
Sun, 04 Jun 2023ر.س221.4bر.س87.0bر.س9.0b27.6x24.5x2.5x
Tue, 02 May 2023ر.س239.8bر.س86.9bر.س10.0b27.8x23.9x2.8x
Thu, 30 Mar 2023ر.س220.6bر.س86.6bر.س10.0b25.6x22.1x2.5x
Sat, 25 Feb 2023ر.س210.8bر.س85.8bر.س8.0b24.7x26.3x2.5x
Price to Earnings Ratio

26.3x


Total Market Cap: ر.س210.8bTotal Earnings: ر.س8.0bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 18.9x202420252026
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 1.8x.
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 Market-1.41%
Utilities-1.28%
Water Utilities0.50%
Other Utilities-1.02%
Renewable Energy-1.20%
Gas Utilities-1.49%
Electric Utilities-1.69%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 107x.
    • 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 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
2082 ACWA Powerر.س180.300.8%
+ر.س1.1b		-53.5%PE77.5x
2081 Alkhorayef Water and Power Technologiesر.س126.300.6%
+ر.س28.0m		-18.5%PE17.1x
9516 Natural Gas Distributionر.س24.486.4%
+ر.س7.4m		-60.1%PE27.1x

Latest News

2082
ر.س180.30
ACWA Power
7D
0.8%
1Y
-53.5%

2082: Long-Term Projects And Stable Outlook Will Support Stronger Future Earnings

Analysts have kept their fair value estimate for ACWA Power steady at SAR 280.0, with only minor model tweaks to the discount rate, revenue growth, profit margin, and future P/E underpinning the unchanged price target. What's in the News ACWA Power plans a Special or Extraordinary Shareholders Meeting on February 23, 2026, at 21:30 Arab Standard Time in Riyadh, Saudi Arabia, giving investors a formal event to watch for potential updates on governance or capital decisions (Key Developments).
9516
ر.س24.48
Natural Gas Distribution
7D
6.4%
1Y
-60.1%
2083
ر.س30.96
Power and Water Utility Company for Jubail and Yanbu
7D
-2.6%
1Y
-36.3%
5110
ر.س13.94
Saudi Electricity
7D
-1.6%
1Y
-18.3%

Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital

Jan 12
Saudi Electricity (TADAWUL:5110) Is Experiencing Growth In Returns On Capital
2080
ر.س87.40
National Gas and Industrialization
7D
-2.0%
1Y
-18.3%

If EPS Growth Is Important To You, National Gas and Industrialization (TADAWUL:2080) Presents An Opportunity

Jan 01
If EPS Growth Is Important To You, National Gas and Industrialization (TADAWUL:2080) Presents An Opportunity
2084
ر.س16.24
Miahona
7D
-2.6%
1Y
-36.4%
2081
ر.س126.30
Alkhorayef Water and Power Technologies
7D
0.6%
1Y
-18.5%