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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies7
  • 7D2.9%
  • 3M-20.0%
  • 1Y-45.6%
  • YTD0.5%

In the last week, the Utilities industry is up 2.9%, with ACWA Power up 4.2%. However, the industry is down 46% over the past year. 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
Sun, 01 Feb 2026ر.س225.7bر.س120.8b-ر.س181,522,031.0034.7x-1243.2x1.9x
Tue, 30 Dec 2025ر.س222.7bر.س120.8b-ر.س181,522,031.0036.1x-1226.6x1.8x
Thu, 27 Nov 2025ر.س232.4bر.س120.8b-ر.س181,522,031.0042x-1280.5x1.9x
Sat, 25 Oct 2025ر.س275.5bر.س117.7bر.س1.4b43.5x191.9x2.3x
Mon, 22 Sep 2025ر.س247.6bر.س117.7bر.س1.4b43.3x172.4x2.1x
Wed, 20 Aug 2025ر.س260.6bر.س117.7bر.س1.5b47.4x179.6x2.2x
Fri, 18 Jul 2025ر.س261.3bر.س112.0bر.س686.7m52x380.5x2.3x
Sun, 15 Jun 2025ر.س268.8bر.س112.0bر.س686.7m49x391.4x2.4x
Tue, 13 May 2025ر.س304.3bر.س108.0bر.س577.3m70.5x527.2x2.8x
Thu, 10 Apr 2025ر.س316.6bر.س107.1bر.س388.3m62.1x815.5x3x
Sat, 08 Mar 2025ر.س347.5bر.س103.1bر.س6.1b33x56.6x3.4x
Mon, 03 Feb 2025ر.س398.8bر.س103.2bر.س6.2b35.1x64.1x3.9x
Wed, 01 Jan 2025ر.س395.9bر.س103.2bر.س6.2b37.5x63.7x3.8x
Fri, 29 Nov 2024ر.س367.6bر.س103.2bر.س6.2b38.6x59.1x3.6x
Sun, 27 Oct 2024ر.س413.8bر.س98.2bر.س5.5b36.8x74.9x4.2x
Tue, 24 Sep 2024ر.س400.7bر.س98.2bر.س5.5b40.2x72.5x4.1x
Thu, 22 Aug 2024ر.س409.7bر.س98.2bر.س5.5b40.1x74.2x4.2x
Sat, 20 Jul 2024ر.س395.0bر.س95.2bر.س5.3b43.3x74.4x4.2x
Mon, 17 Jun 2024ر.س342.5bر.س95.2bر.س5.3b42.1x64.5x3.6x
Wed, 15 May 2024ر.س408.0bر.س92.1bر.س5.1b38.3x79.7x4.4x
Fri, 12 Apr 2024ر.س377.9bر.س92.1bر.س5.2b35.6x73.3x4.1x
Sun, 10 Mar 2024ر.س329.1bر.س91.7bر.س12.9b40.8x25.5x3.6x
Tue, 06 Feb 2024ر.س284.4bر.س89.5bر.س7.1b33.2x39.8x3.2x
Thu, 04 Jan 2024ر.س282.3bر.س89.5bر.س7.1b31.6x39.5x3.2x
Sat, 02 Dec 2023ر.س265.9bر.س89.5bر.س7.1b26.8x37.2x3x
Mon, 30 Oct 2023ر.س252.2bر.س87.8bر.س7.8b22.3x32.4x2.9x
Wed, 27 Sep 2023ر.س242.7bر.س87.8bر.س7.8b25.1x31.2x2.8x
Fri, 25 Aug 2023ر.س254.0bر.س87.8bر.س7.8b28.2x32.6x2.9x
Sun, 23 Jul 2023ر.س266.6bر.س87.1bر.س9.0b30.3x29.5x3.1x
Tue, 20 Jun 2023ر.س238.3bر.س87.1bر.س9.0b28.5x26.4x2.7x
Thu, 18 May 2023ر.س231.1bر.س86.9bر.س10.0b26.7x23x2.7x
Sat, 15 Apr 2023ر.س229.0bر.س86.9bر.س10.0b26.4x22.8x2.6x
Mon, 13 Mar 2023ر.س216.6bر.س85.8bر.س8.1b25.4x26.7x2.5x
Wed, 08 Feb 2023ر.س222.9bر.س85.8bر.س8.0b25.1x27.8x2.6x
Price to Earnings Ratio

27.8x


Total Market Cap: ر.س222.9bTotal Earnings: ر.س8.0bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 38.5x202420252026
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 103x.
    • 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.س186.002.3%
+ر.س3.1b
-54.1%PE80x
5110 Saudi Electricityر.س14.400.07%
+ر.س41.7m
-16.1%PS0.6x
2080 National Gas and Industrializationر.س88.300.2%
+ر.س11.3m
-15.6%PE27x