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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.09%
  • 3M-11.1%
  • 1Y-45.4%
  • YTD-3.0%

The Utilities industry has stayed flat over the last week. Unfortunately though, the industry is down 45% over the past 12 months. 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
Thu, 19 Feb 2026ر.س217.7bر.س120.8b-ر.س181,522,031.0032.2x-1199.2x1.8x
Sat, 17 Jan 2026ر.س216.5bر.س120.8b-ر.س181,522,031.0036.5x-1192.5x1.8x
Mon, 15 Dec 2025ر.س229.4bر.س120.8b-ر.س181,522,031.0039x-1263.9x1.9x
Wed, 12 Nov 2025ر.س255.4bر.س117.8bر.س1.4b43.9x180.8x2.2x
Fri, 10 Oct 2025ر.س254.7bر.س117.7bر.س1.4b44.1x177.4x2.2x
Sun, 07 Sep 2025ر.س246.3bر.س117.7bر.س1.4b43.6x171.6x2.1x
Tue, 05 Aug 2025ر.س248.5bر.س112.2bر.س537.9m53.3x461.9x2.2x
Thu, 03 Jul 2025ر.س263.2bر.س112.0bر.س686.7m51.8x383.3x2.3x
Sat, 31 May 2025ر.س273.5bر.س112.0bر.س686.7m50.9x398.3x2.4x
Mon, 28 Apr 2025ر.س332.3bر.س107.2bر.س372.4m78x892.3x3.1x
Wed, 26 Mar 2025ر.س334.0bر.س107.1bر.س388.3m68x860.3x3.1x
Fri, 21 Feb 2025ر.س392.4bر.س103.2bر.س6.2b34.2x63.1x3.8x
Sun, 19 Jan 2025ر.س393.3bر.س103.2bر.س6.2b36.9x63.3x3.8x
Tue, 17 Dec 2024ر.س390.1bر.س103.2bر.س6.2b38.4x62.7x3.8x
Thu, 14 Nov 2024ر.س403.6bر.س103.2bر.س6.2b37.9x64.9x3.9x
Sat, 12 Oct 2024ر.س451.0bر.س98.2bر.س5.5b37.4x81.6x4.6x
Mon, 09 Sep 2024ر.س409.3bر.س98.2bر.س5.5b41.2x74.1x4.2x
Wed, 07 Aug 2024ر.س392.8bر.س95.4bر.س5.4b41.2x72.4x4.1x
Fri, 05 Jul 2024ر.س363.4bر.س95.2bر.س5.3b42.4x68.4x3.8x
Sun, 02 Jun 2024ر.س391.3bر.س94.8bر.س5.3b34.6x74.5x4.1x
Tue, 30 Apr 2024ر.س394.7bر.س92.1bر.س5.2b36x76.5x4.3x
Thu, 28 Mar 2024ر.س366.0bر.س91.8bر.س5.2b38.3x71x4x
Sat, 24 Feb 2024ر.س299.2bر.س89.5bر.س7.1b36.2x41.9x3.3x
Mon, 22 Jan 2024ر.س284.4bر.س89.5bر.س7.1b32.5x39.8x3.2x
Wed, 20 Dec 2023ر.س290.8bر.س89.5bر.س7.1b29.9x40.7x3.3x
Fri, 17 Nov 2023ر.س258.7bر.س89.5bر.س7.1b25.8x36.2x2.9x
Sun, 15 Oct 2023ر.س238.0bر.س87.8bر.س7.8b23.1x30.6x2.7x
Tue, 12 Sep 2023ر.س244.5bر.س87.8bر.س7.8b25.9x31.4x2.8x
Thu, 10 Aug 2023ر.س246.8bر.س87.1bر.س8.9b30.2x27.6x2.8x
Sat, 08 Jul 2023ر.س257.7bر.س87.1bر.س9.0b29.9x28.5x3x
Mon, 05 Jun 2023ر.س221.4bر.س87.1bر.س9.0b28.9x24.5x2.5x
Wed, 03 May 2023ر.س240.4bر.س86.9bر.س10.0b27.6x24x2.8x
Fri, 31 Mar 2023ر.س221.1bر.س86.6bر.س10.0b25.5x22.2x2.6x
Sun, 26 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 17.8x202420252026
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 1.8x.
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-0.65%
Utilities-0.087%
Renewable Energy0.84%
Water Utilities-0.60%
Electric Utilities-1.62%
Gas Utilities-1.95%
Other Utilities-2.58%
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.س24.482.0%
+ر.س2.4m		-57.8%PE27.1x

Latest News

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

2082: Higher Discount Rate Will Outweigh New Long-Term Project Wins

Analysts have trimmed their fair value estimate for ACWA Power from SAR110.00 to SAR100.00 because higher assumed discount rates and a lower future P/E offset updated expectations for revenue growth and profit margins. What's in the News Signed an Energy Conversion and Water Purchase Agreement for the Az-Zour North Phase 2 & 3 IWPP in Kuwait, a CCGT plant with 2,700 MW power capacity and a seawater reverse osmosis facility targeting around 545,500 m³ per day, under a 25 year BOT structure with the Ministry of Electricity, Water and Renewable Energy (Client Announcements) ACWA Power holds an effective 24% share in the Az-Zour North Phase 2 & 3 project, with contracted revenues expected to be reflected at financial close (Client Announcements) Signed a Public Private Partnership Agreement for Azerbaijan’s first large scale Caspian Sea seawater reverse osmosis desalination plant, with a contract value of about US$400m (SAR 1.5b) and a 27.5 year term including construction, dated 26 December 2025 (Client Announcements) Completed financial close for five large scale PV solar plants in Saudi Arabia, with capacities of 2,000 MW, 2,000 MW, 3,000 MW, 3,000 MW and 2,000 MW and a combined financing amount of SAR 16.9b (about US$4.5b) to support development, construction and operation (Business Expansions) Scheduled a special or extraordinary shareholders meeting in Riyadh, Saudi Arabia, on 23 February 2026 at 21:30 Arab Standard Time (Special/Extraordinary Shareholders Meeting) Valuation Changes Fair Value: Trimmed from SAR110.00 to SAR100.00, a reduction of about 9% in the updated assessment.
9516
ر.س24.48
Natural Gas Distribution
7D
2.0%
1Y
-57.8%
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%