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Saudi Arabian (Tadawul) Utilities Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies7
  • 7D-2.7%
  • 3M-18.2%
  • 1Y-47.7%
  • YTD-5.1%

Over the last 7 days, the Utilities industry has dropped 2.7%, driven by a pullback from ACWA Power of 3.4%. However, the industry is down 48% over the past year. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026ر.س213.1bر.س120.8b-ر.س181,522,031.0036.9x-1174.2x1.8x
Wed, 10 Dec 2025ر.س228.6bر.س120.8b-ر.س181,522,031.0039.2x-1259.6x1.9x
Fri, 07 Nov 2025ر.س255.5bر.س117.7bر.س1.5b44.6x174.1x2.2x
Sun, 05 Oct 2025ر.س251.2bر.س117.7bر.س1.4b44.1x174.9x2.1x
Tue, 02 Sep 2025ر.س246.6bر.س117.7bر.س1.4b48.5x171.8x2.1x
Thu, 31 Jul 2025ر.س246.7bر.س112.0bر.س686.7m50.1x359.2x2.2x
Sat, 28 Jun 2025ر.س268.5bر.س112.0bر.س686.7m54.7x390.9x2.4x
Mon, 26 May 2025ر.س285.2bر.س112.0bر.س686.7m55.5x415.3x2.5x
Wed, 23 Apr 2025ر.س324.4bر.س107.1bر.س388.6m64.3x834.8x3x
Fri, 21 Mar 2025ر.س334.3bر.س107.0bر.س348.1m68.7x960.4x3.1x
Sun, 16 Feb 2025ر.س390.9bر.س103.2bر.س6.2b36.6x62.9x3.8x
Tue, 14 Jan 2025ر.س390.5bر.س103.2bر.س6.2b35.3x62.8x3.8x
Thu, 12 Dec 2024ر.س383.8bر.س103.2bر.س6.2b39x61.7x3.7x
Sat, 09 Nov 2024ر.س427.2bر.س98.4bر.س5.5b39.3x77.4x4.3x
Mon, 07 Oct 2024ر.س449.4bر.س98.2bر.س5.5b37.5x81.4x4.6x
Wed, 04 Sep 2024ر.س412.0bر.س98.2bر.س5.5b41.5x74.6x4.2x
Fri, 02 Aug 2024ر.س397.8bر.س95.2bر.س5.3b42.2x74.9x4.2x
Sun, 30 Jun 2024ر.س361.2bر.س95.2bر.س5.3b45.1x68x3.8x
Tue, 28 May 2024ر.س451.8bر.س94.8bر.س5.3b35.5x86x4.8x
Thu, 25 Apr 2024ر.س444.3bر.س92.1bر.س5.2b35.1x86.2x4.8x
Sat, 23 Mar 2024ر.س368.9bر.س91.8bر.س5.2b39x71.6x4x
Mon, 19 Feb 2024ر.س297.4bر.س89.5bر.س7.1b36.7x41.6x3.3x
Wed, 17 Jan 2024ر.س278.6bر.س89.5bر.س7.1b32.6x39x3.1x
Fri, 15 Dec 2023ر.س287.1bر.س89.5bر.س7.1b29.4x40.2x3.2x
Sun, 12 Nov 2023ر.س248.7bر.س88.3bر.س7.7b24.7x32.2x2.8x
Tue, 10 Oct 2023ر.س234.3bر.س87.8bر.س7.8b23.7x30.1x2.7x
Thu, 07 Sep 2023ر.س248.7bر.س87.8bر.س7.8b25.9x32x2.8x
Sat, 05 Aug 2023ر.س245.4bر.س87.1bر.س9.0b29.4x27.2x2.8x
Mon, 03 Jul 2023ر.س243.2bر.س87.1bر.س9.0b28.7x26.9x2.8x
Wed, 31 May 2023ر.س227.9bر.س86.9bر.س8.9b27.4x25.5x2.6x
Fri, 28 Apr 2023ر.س237.7bر.س86.9bر.س10.0b27.2x23.7x2.7x
Sun, 26 Mar 2023ر.س219.4bر.س86.6bر.س10.0b25x22x2.5x
Tue, 21 Feb 2023ر.س216.5bر.س85.8bر.س8.0b25x27x2.5x
Thu, 19 Jan 2023ر.س234.1bر.س85.8bر.س8.0b26.4x29.2x2.7x
Price to Earnings Ratio

29.2x


Total Market Cap: ر.س234.1bTotal Earnings: ر.س8.0bTotal Revenue: ر.س85.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Utilities Sector Price to Earnings3Y Average 61.1x202420252026
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 Market2.80%
Utilities-2.68%
Gas Utilities0.54%
Other Utilities-1.00%
Electric Utilities-1.20%
Renewable Energy-3.42%
Water Utilities-5.64%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 97.4x.
    • 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?

CompanyLast Price7D1YValuation
2082 ACWA Powerر.س172.201.4%
+ر.س1.8b
-56.6%PE74x
5110 Saudi Electricityر.س14.060.5%
+ر.س291.7m
-15.3%PS0.6x
2084 Miahonaر.س18.594.4%
+ر.س127.1m
-33.4%PE42.8x
2083 Power and Water Utility Company for Jubail and Yanbuر.س35.860.8%
+ر.س75.0m
-30.6%PE316.7x
2080 National Gas and Industrializationر.س90.550.9%
+ر.س63.8m
-11.7%PE27.6x

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