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Saudi Arabian (Tadawul) Utilities Sector Analysis
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies7
- 7D-8.2%
- 3M0.5%
- 1Y-42.2%
- YTD-37.9%
Over the last 7 days, the Utilities industry has dropped 8.2%, driven by a pullback from ACWA Power of 9.0%. The industry has fallen 42% in the last year. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | ر.س255.5b | ر.س117.8b | ر.س1.5b | 44.6x | 176x | 2.2x |
| Mon, 06 Oct 2025 | ر.س251.2b | ر.س117.7b | ر.س1.4b | 43.6x | 174.9x | 2.1x |
| Wed, 03 Sep 2025 | ر.س247.5b | ر.س117.7b | ر.س1.4b | 48x | 172.5x | 2.1x |
| Fri, 01 Aug 2025 | ر.س248.1b | ر.س112.0b | ر.س686.7m | 51.2x | 361.3x | 2.2x |
| Sun, 29 Jun 2025 | ر.س268.5b | ر.س112.0b | ر.س686.7m | 54.7x | 390.9x | 2.4x |
| Tue, 27 May 2025 | ر.س283.1b | ر.س112.0b | ر.س686.7m | 53.3x | 412.3x | 2.5x |
| Thu, 24 Apr 2025 | ر.س332.3b | ر.س107.1b | ر.س388.6m | 64.7x | 855.3x | 3.1x |
| Sat, 22 Mar 2025 | ر.س333.3b | ر.س107.0b | ر.س348.1m | 68.7x | 957.4x | 3.1x |
| Mon, 17 Feb 2025 | ر.س391.1b | ر.س103.2b | ر.س6.2b | 36.1x | 62.9x | 3.8x |
| Wed, 15 Jan 2025 | ر.س394.7b | ر.س103.2b | ر.س6.2b | 35.5x | 63.5x | 3.8x |
| Fri, 13 Dec 2024 | ر.س382.6b | ر.س103.2b | ر.س6.2b | 38.4x | 61.5x | 3.7x |
| Sun, 10 Nov 2024 | ر.س427.2b | ر.س103.1b | ر.س6.2b | 39.3x | 68.6x | 4.1x |
| Tue, 08 Oct 2024 | ر.س457.5b | ر.س98.2b | ر.س5.5b | 37.4x | 82.8x | 4.7x |
| Thu, 05 Sep 2024 | ر.س411.8b | ر.س98.2b | ر.س5.5b | 41.1x | 74.5x | 4.2x |
| Sat, 03 Aug 2024 | ر.س399.0b | ر.س95.2b | ر.س5.3b | 42.2x | 75.1x | 4.2x |
| Mon, 01 Jul 2024 | ر.س361.2b | ر.س95.2b | ر.س5.3b | 44x | 68x | 3.8x |
| Wed, 29 May 2024 | ر.س442.8b | ر.س94.8b | ر.س5.3b | 34.7x | 84.3x | 4.7x |
| Fri, 26 Apr 2024 | ر.س443.5b | ر.س92.1b | ر.س5.2b | 35.4x | 86x | 4.8x |
| Sun, 24 Mar 2024 | ر.س368.9b | ر.س91.8b | ر.س5.2b | 39x | 71.6x | 4x |
| Tue, 20 Feb 2024 | ر.س303.2b | ر.س89.5b | ر.س7.1b | 36.7x | 42.4x | 3.4x |
| Thu, 18 Jan 2024 | ر.س279.4b | ر.س89.5b | ر.س7.1b | 32.7x | 39.1x | 3.1x |
| Sat, 16 Dec 2023 | ر.س287.1b | ر.س89.5b | ر.س7.1b | 29.4x | 40.2x | 3.2x |
| Mon, 13 Nov 2023 | ر.س248.7b | ر.س88.3b | ر.س7.7b | 24.9x | 32.2x | 2.8x |
| Wed, 11 Oct 2023 | ر.س236.5b | ر.س87.8b | ر.س7.8b | 23.2x | 30.4x | 2.7x |
| Fri, 08 Sep 2023 | ر.س246.4b | ر.س87.8b | ر.س7.8b | 25.9x | 31.7x | 2.8x |
| Sun, 06 Aug 2023 | ر.س245.4b | ر.س87.1b | ر.س9.0b | 29.4x | 27.2x | 2.8x |
| Tue, 04 Jul 2023 | ر.س245.5b | ر.س87.1b | ر.س9.0b | 29.3x | 27.2x | 2.8x |
| Thu, 01 Jun 2023 | ر.س224.0b | ر.س87.0b | ر.س9.0b | 27.2x | 24.8x | 2.6x |
| Sat, 29 Apr 2023 | ر.س238.7b | ر.س86.9b | ر.س10.0b | 27.2x | 23.8x | 2.7x |
| Mon, 27 Mar 2023 | ر.س218.1b | ر.س86.6b | ر.س10.0b | 24.9x | 21.9x | 2.5x |
| Wed, 22 Feb 2023 | ر.س212.7b | ر.س85.8b | ر.س8.0b | 24.6x | 26.5x | 2.5x |
| Fri, 20 Jan 2023 | ر.س235.4b | ر.س85.8b | ر.س8.0b | 26.2x | 29.4x | 2.7x |
| Sun, 18 Dec 2022 | ر.س227.5b | ر.س85.8b | ر.س8.0b | 24.8x | 28.4x | 2.7x |
| Tue, 15 Nov 2022 | ر.س226.4b | ر.س78.4b | ر.س8.0b | 29.4x | 28.4x | 2.9x |
Price to Earnings Ratio
28.4x
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 174x which is higher than its 3-year average PE of 132x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 43% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 | -1.54% | |
| Utilities | -8.22% | |
| Gas Utilities | -0.093% | |
| Other Utilities | -0.47% | |
| Water Utilities | -3.17% | |
| Electric Utilities | -8.86% | |
| Renewable Energy | -8.98% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 80.6x.
- 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 36% over the next 5 years.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 19% 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.س89.00 | 0.06% +ر.س3.8m | -15.9% | PE29.3x |