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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies7
- 7D-4.6%
- 3M-9.5%
- 1Y-43.6%
- YTD-45.6%
Over the last 7 days, the Utilities industry has dropped 1.3%, driven by a pullback from ACWA Power of 1.6%. The industry has fallen 44% in the last year. Earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | ر.س224.2b | ر.س120.8b | -ر.س181,522,031.00 | 38.8x | -1235x | 1.9x |
| Sat, 15 Nov 2025 | ر.س251.7b | ر.س120.6b | -ر.س137,858,887.00 | 43.9x | -1825.7x | 2.1x |
| Mon, 13 Oct 2025 | ر.س255.4b | ر.س117.7b | ر.س1.4b | 43.6x | 177.8x | 2.2x |
| Wed, 10 Sep 2025 | ر.س241.7b | ر.س117.7b | ر.س1.4b | 44.2x | 168.4x | 2.1x |
| Fri, 08 Aug 2025 | ر.س246.2b | ر.س112.3b | ر.س538.6m | 50.3x | 457.1x | 2.2x |
| Sun, 06 Jul 2025 | ر.س269.1b | ر.س112.0b | ر.س686.7m | 53.2x | 391.9x | 2.4x |
| Tue, 03 Jun 2025 | ر.س268.9b | ر.س112.0b | ر.س686.7m | 49x | 391.6x | 2.4x |
| Thu, 01 May 2025 | ر.س321.9b | ر.س107.2b | ر.س372.4m | 76.3x | 864.4x | 3x |
| Sat, 29 Mar 2025 | ر.س345.8b | ر.س107.1b | ر.س388.3m | 69.1x | 890.7x | 3.2x |
| Mon, 24 Feb 2025 | ر.س392.4b | ر.س103.2b | ر.س6.2b | 34.2x | 63.1x | 3.8x |
| Wed, 22 Jan 2025 | ر.س409.4b | ر.س103.2b | ر.س6.2b | 36.2x | 65.8x | 4x |
| Fri, 20 Dec 2024 | ر.س376.9b | ر.س103.2b | ر.س6.2b | 36.4x | 60.6x | 3.7x |
| Sun, 17 Nov 2024 | ر.س388.3b | ر.س103.2b | ر.س6.2b | 37.5x | 62.4x | 3.8x |
| Tue, 15 Oct 2024 | ر.س451.0b | ر.س98.2b | ر.س5.5b | 37x | 81.6x | 4.6x |
| Thu, 12 Sep 2024 | ر.س385.1b | ر.س98.2b | ر.س5.5b | 40.3x | 69.7x | 3.9x |
| Sat, 10 Aug 2024 | ر.س384.7b | ر.س98.1b | ر.س6.0b | 40.1x | 63.6x | 3.9x |
| Mon, 08 Jul 2024 | ر.س363.7b | ر.س95.2b | ر.س5.3b | 41.3x | 68.5x | 3.8x |
| Wed, 05 Jun 2024 | ر.س388.5b | ر.س94.8b | ر.س5.3b | 35.4x | 73.9x | 4.1x |
| Fri, 03 May 2024 | ر.س402.8b | ر.س92.1b | ر.س5.2b | 35.4x | 78.1x | 4.4x |
| Sun, 31 Mar 2024 | ر.س360.1b | ر.س92.1b | ر.س5.2b | 37.2x | 69.8x | 3.9x |
| Tue, 27 Feb 2024 | ر.س295.8b | ر.س89.5b | ر.س7.1b | 37x | 41.4x | 3.3x |
| Thu, 25 Jan 2024 | ر.س285.2b | ر.س89.5b | ر.س7.1b | 32.8x | 39.9x | 3.2x |
| Sat, 23 Dec 2023 | ر.س287.7b | ر.س89.5b | ر.س7.1b | 29.3x | 40.3x | 3.2x |
| Mon, 20 Nov 2023 | ر.س258.5b | ر.س89.5b | ر.س7.1b | 25.9x | 36.2x | 2.9x |
| Wed, 18 Oct 2023 | ر.س242.5b | ر.س87.8b | ر.س7.8b | 23.4x | 31.2x | 2.8x |
| Fri, 15 Sep 2023 | ر.س246.8b | ر.س87.8b | ر.س7.8b | 25.9x | 31.7x | 2.8x |
| Sun, 13 Aug 2023 | ر.س250.6b | ر.س87.4b | ر.س9.0b | 28.8x | 27.8x | 2.9x |
| Tue, 11 Jul 2023 | ر.س256.4b | ر.س87.1b | ر.س9.0b | 30.5x | 28.4x | 2.9x |
| Thu, 08 Jun 2023 | ر.س235.0b | ر.س87.1b | ر.س9.0b | 29.2x | 26x | 2.7x |
| Sat, 06 May 2023 | ر.س242.6b | ر.س86.9b | ر.س10.0b | 27.8x | 24.2x | 2.8x |
| Mon, 03 Apr 2023 | ر.س221.5b | ر.س86.6b | ر.س10.0b | 25.7x | 22.1x | 2.6x |
| Wed, 01 Mar 2023 | ر.س215.1b | ر.س85.8b | ر.س8.0b | 25x | 26.8x | 2.5x |
| Fri, 27 Jan 2023 | ر.س230.1b | ر.س85.8b | ر.س8.0b | 25.9x | 28.7x | 2.7x |
| Sun, 25 Dec 2022 | ر.س224.3b | ر.س85.8b | ر.س8.0b | 24.8x | 28x | 2.6x |
Price to Earnings Ratio
28x
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 Market | -2.95% | |
| Utilities | -4.60% | |
| Gas Utilities | 5.08% | |
| Electric Utilities | -1.14% | |
| Other Utilities | -4.04% | |
| Water Utilities | -4.98% | |
| Renewable Energy | -6.34% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 90.0x.
- 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 54% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2080 National Gas and Industrialization | ر.س85.30 | 5.2% +ر.س315.0m | -17.0% | PE26x | |
| 9516 Natural Gas Distribution | ر.س30.30 | 1.0% +ر.س1.5m | -51.1% | PE33.5x |
