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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedJun 03, 2025
DataAggregated Company Financials
Companies369
- 7D-1.3%
- 3M-7.8%
- 1Y-12.4%
- YTD-10.9%
Over the last 7 days, the market has dropped 1.3%, driven by declines in every sector, especially the Energy sector. In the last 12 months the market is down 12%. Earnings are forecast to grow by 6.7% annually.
Market Valuation and Performance
Has the Saudi Arabian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Jun 2025 | ر.س9.2t | ر.س2.9t | ر.س542.0b | 21.1x | 16.9x | 3.2x |
| Fri, 02 May 2025 | ر.س9.5t | ر.س2.9t | ر.س546.6b | 22x | 17.3x | 3.3x |
| Sun, 30 Mar 2025 | ر.س9.9t | ر.س2.9t | ر.س543.7b | 23x | 18.3x | 3.5x |
| Tue, 25 Feb 2025 | ر.س10.1t | ر.س2.9t | ر.س556.2b | 23.9x | 18.2x | 3.5x |
| Thu, 23 Jan 2025 | ر.س10.3t | ر.س2.9t | ر.س552.3b | 24.4x | 18.7x | 3.6x |
| Sat, 21 Dec 2024 | ر.س10.4t | ر.س2.9t | ر.س552.1b | 23.3x | 18.8x | 3.6x |
| Mon, 18 Nov 2024 | ر.س10.1t | ر.س2.9t | ر.س551.6b | 24.3x | 18.3x | 3.5x |
| Wed, 16 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س571.7b | 25.3x | 17.6x | 3.5x |
| Fri, 13 Sep 2024 | ر.س10.0t | ر.س2.9t | ر.س571.1b | 25.5x | 17.5x | 3.5x |
| Sun, 11 Aug 2024 | ر.س10.0t | ر.س2.9t | ر.س569.2b | 24.3x | 17.6x | 3.5x |
| Tue, 09 Jul 2024 | ر.س10.1t | ر.س2.8t | ر.س567.4b | 25.8x | 17.8x | 3.6x |
| Thu, 06 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س566.8b | 25.4x | 17.9x | 3.6x |
| Sat, 04 May 2024 | ر.س10.7t | ر.س2.8t | ر.س579.7b | 27.6x | 18.5x | 3.8x |
| Mon, 01 Apr 2024 | ر.س11.0t | ر.س2.8t | ر.س578.1b | 27.8x | 19x | 3.9x |
| Wed, 28 Feb 2024 | ر.س11.2t | ر.س2.9t | ر.س605.7b | 27.2x | 18.5x | 3.9x |
| Fri, 26 Jan 2024 | ر.س11.0t | ر.س2.9t | ر.س604.6b | 25.4x | 18.2x | 3.9x |
| Sun, 24 Dec 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.8x | 18.4x | 3.9x |
| Tue, 21 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.3b | 23.5x | 18.4x | 3.9x |
| Thu, 19 Oct 2023 | ر.س11.0t | ر.س3.0t | ر.س636.9b | 23.7x | 17.2x | 3.7x |
| Sat, 16 Sep 2023 | ر.س11.1t | ر.س3.0t | ر.س636.4b | 24.5x | 17.5x | 3.7x |
| Mon, 14 Aug 2023 | ر.س11.3t | ر.س3.0t | ر.س640.0b | 25.8x | 17.6x | 3.8x |
| Wed, 12 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 26x | 15.3x | 3.4x |
| Fri, 09 Jun 2023 | ر.س10.9t | ر.س3.2t | ر.س713.1b | 26.9x | 15.3x | 3.4x |
| Sun, 07 May 2023 | ر.س10.7t | ر.س3.3t | ر.س754.6b | 24.7x | 14.2x | 3.3x |
| Tue, 04 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س758.2b | 24.6x | 13.3x | 3.1x |
| Thu, 02 Mar 2023 | ر.س9.7t | ر.س3.2t | ر.س752.6b | 23.5x | 12.9x | 3x |
| Sat, 28 Jan 2023 | ر.س10.1t | ر.س3.2t | ر.س750.2b | 24.4x | 13.5x | 3.2x |
| Mon, 26 Dec 2022 | ر.س9.6t | ر.س3.2t | ر.س748.6b | 23.6x | 12.9x | 3x |
| Wed, 23 Nov 2022 | ر.س10.2t | ر.س3.2t | ر.س748.3b | 25x | 13.7x | 3.2x |
| Fri, 21 Oct 2022 | ر.س11.0t | ر.س2.9t | ر.س699.8b | 27.7x | 15.8x | 3.8x |
| Sun, 18 Sep 2022 | ر.س11.1t | ر.س2.9t | ر.س699.4b | 26.8x | 15.9x | 3.8x |
| Tue, 16 Aug 2022 | ر.س12.1t | ر.س2.6t | ر.س617.2b | 27.1x | 19.5x | 4.6x |
| Thu, 14 Jul 2022 | ر.س11.1t | ر.س2.6t | ر.س607.5b | 25.6x | 18.3x | 4.3x |
| Sat, 11 Jun 2022 | ر.س12.1t | ر.س2.6t | ر.س606.8b | 28x | 19.9x | 4.7x |
Price to Earnings Ratio
19.9x
Current Market PE
- Investors are relatively neutral on the Saudi market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 17.0x.
Past Earnings Growth
- The earnings for Saudi listed companies have declined 3.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.7% 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.
Sector Trends
Which sectors have driven the changes within the Saudi Arabian Market?
| SA Market | -1.34% | |
| Consumer Staples | -0.31% | |
| Telecom | -0.33% | |
| Consumer Discretionary | -0.33% | |
| Energy | -0.80% | |
| Industrials | -0.88% | |
| Healthcare | -1.31% | |
| Financials | -2.04% | |
| Materials | -2.65% | |
| Real Estate | -3.31% | |
| Tech | -4.61% | |
| Utilities | -6.91% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 95.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings growth of 5.8% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.2x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 5.8% per year.
- In contrast, the Consumer Staples industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| 8010 Company for Cooperative Insurance | ر.س142.20 | 6.8% +ر.س1.3b | 0.1% | PE19.6x | Financials | |
| 4280 Kingdom Holding | ر.س8.58 | 4.3% +ر.س1.3b | 23.5% | PE21.6x | Financials | |
| 8210 Bupa Arabia for Cooperative Insurance | ر.س171.00 | 5.3% +ر.س1.3b | -26.6% | PE21.5x | Financials | |
| 4210 Saudi Research and Media Group | ر.س150.40 | 9.8% +ر.س1.1b | -29.7% | PE82.5x | Telecom | |
| 2050 Savola Group | ر.س28.40 | 12.0% +ر.س913.4m | -82.5% | PE0.8x | Consumer Staples |
