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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies378
  • 7D-0.9%
  • 3M-3.3%
  • 1Y-14.2%
  • YTD-13.5%

The market has been flat over the last week. Unfortunately though, the market is down 14% over the past year. Earnings are forecast to grow by 7.8% annually.

Market Valuation and Performance

Has the Saudi Arabian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Aug 2025ر.س8.9tر.س2.8tر.س518.7b21x17.2x3.1x
Thu, 24 Jul 2025ر.س9.0tر.س2.9tر.س545.2b20.4x16.6x3.1x
Sat, 21 Jun 2025ر.س9.1tر.س2.9tر.س542.7b20.1x16.7x3.1x
Mon, 19 May 2025ر.س9.6tر.س2.9tر.س541.2b21.8x17.8x3.3x
Wed, 16 Apr 2025ر.س9.6tر.س2.9tر.س543.6b22.4x17.7x3.4x
Fri, 14 Mar 2025ر.س9.6tر.س2.8tر.س541.0b22.1x17.8x3.4x
Sun, 09 Feb 2025ر.س10.3tر.س2.9tر.س555.1b24.1x18.5x3.6x
Tue, 07 Jan 2025ر.س10.2tر.س2.9tر.س552.1b23.3x18.5x3.6x
Thu, 05 Dec 2024ر.س10.2tر.س2.9tر.س552.1b23.6x18.4x3.6x
Sat, 02 Nov 2024ر.س10.0tر.س2.9tر.س574.5b24.9x17.5x3.5x
Mon, 30 Sep 2024ر.س10.3tر.س2.9tر.س571.2b25.4x18x3.6x
Wed, 28 Aug 2024ر.س10.3tر.س2.9tر.س571.1b25.4x18x3.6x
Fri, 26 Jul 2024ر.س10.2tر.س2.8tر.س567.4b26x18x3.6x
Sun, 23 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Tue, 21 May 2024ر.س10.7tر.س2.8tر.س566.3b26.9x18.8x3.8x
Thu, 18 Apr 2024ر.س10.8tر.س2.8tر.س578.0b27.9x18.7x3.8x
Sat, 16 Mar 2024ر.س11.1tر.س2.8tر.س584.7b28.3x19x4x
Mon, 12 Feb 2024ر.س10.8tر.س2.9tر.س604.8b25.9x17.8x3.8x
Wed, 10 Jan 2024ر.س11.4tر.س2.9tر.س604.6b25.2x18.8x4x
Fri, 08 Dec 2023ر.س11.0tر.س2.8tر.س604.4b23.6x18.3x3.9x
Sun, 05 Nov 2023ر.س10.9tر.س3.0tر.س637.7b23.3x17.2x3.7x
Tue, 03 Oct 2023ر.س11.2tر.س3.0tر.س636.5b24.9x17.7x3.8x
Thu, 31 Aug 2023ر.س11.5tر.س3.0tر.س636.3b25.7x18.1x3.9x
Sat, 29 Jul 2023ر.س11.0tر.س3.2tر.س716.1b25.7x15.4x3.5x
Mon, 26 Jun 2023ر.س10.9tر.س3.2tر.س714.9b26.5x15.3x3.4x
Wed, 24 May 2023ر.س10.8tر.س3.2tر.س726.5b25.9x14.9x3.4x
Fri, 21 Apr 2023ر.س10.6tر.س3.2tر.س754.1b24.7x14.1x3.3x
Sun, 19 Mar 2023ر.س9.4tر.س3.2tر.س754.4b22.9x12.5x2.9x
Tue, 14 Feb 2023ر.س10.1tر.س3.2tر.س751.7b24.6x13.4x3.1x
Thu, 12 Jan 2023ر.س9.9tر.س3.2tر.س750.1b24.1x13.2x3.1x
Sat, 10 Dec 2022ر.س9.6tر.س3.2tر.س748.3b23.9x12.9x3x
Mon, 07 Nov 2022ر.س10.7tر.س3.2tر.س745.7b27.1x14.3x3.4x
Wed, 05 Oct 2022ر.س11.0tر.س2.9tر.س699.7b28x15.7x3.8x
Fri, 02 Sep 2022ر.س11.3tر.س2.9tر.س699.6b26.1x16.2x3.9x
Price to Earnings Ratio

16.2x


Total Market Cap: ر.س11.3tTotal Earnings: ر.س699.6bTotal Revenue: ر.س2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 16.8x202320242025
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 16.8x.
Past Earnings Growth
  • The earnings for Saudi listed companies have declined 9.5% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Saudi Arabian Market?

SA Market-0.86%
Materials1.12%
Financials0.62%
Consumer Staples0.37%
Consumer Discretionary0.35%
Utilities-0.0049%
Real Estate-0.10%
Telecom-0.86%
Industrials-1.30%
Energy-1.38%
Healthcare-1.70%
Tech-2.80%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 122x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.0% which is higher than its past year's earnings decline of 1.7% per year.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 24.8x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% 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?

CompanyLast Price7D1YValuationSector
2010 Saudi Basic Industriesر.س61.704.5%
+ر.س8.0b		-18.3%PS1.3xMaterials
1120 Al Rajhi Banking and Investmentر.س96.201.0%
+ر.س3.8b		9.3%PB2.9xFinancials
1080 Arab National Bankر.س22.674.3%
+ر.س1.9b		13.9%PB1.1xFinancials
2020 SABIC Agri-Nutrientsر.س122.501.7%
+ر.س999.7m		6.7%PE15.2xMaterials
1180 Saudi National Bankر.س36.020.4%
+ر.س951.0m		-0.08%PB1.1xFinancials
See more

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1211
ر.س52.45
Saudi Arabian Mining Company (Ma'aden)
7D
-1.0%
1Y
24.4%

Phosphate And Aluminum Expansion Will Challenge Valuation And Create Upside

Despite a downgrade in revenue growth expectations, analysts have raised Ma'aden's price target as improving net profit margins support higher fair value, now set at SAR51.66. What's in the News Maintained 2025 production guidance across key business units: Phosphate (DAP output 5,900–6,200 KMT), Primary Aluminum (850–1,150 KMT), FRP (250–310 KMT), and BNMN (475–560 koz); company positioned to benefit from strong gold prices amid market uncertainty.
2222
ر.س23.79
Saudi Arabian Oil
7D
-1.4%
1Y
-14.9%
4142
ر.س131.00
Riyadh Cables Group
7D
-4.4%
1Y
18.9%

Investors Shouldn't Overlook Riyadh Cables Group's (TADAWUL:4142) Impressive Returns On Capital

Aug 25
Investors Shouldn't Overlook Riyadh Cables Group's (TADAWUL:4142) Impressive Returns On Capital
7010
ر.س42.38
Saudi Telecom
7D
-1.1%
1Y
-2.8%

Saudi Telecom's (TADAWUL:7010) Returns Have Hit A Wall

Aug 25
Saudi Telecom's (TADAWUL:7010) Returns Have Hit A Wall
2280
ر.س47.68
Almarai
7D
1.5%
1Y
-16.1%

Almarai (TADAWUL:2280) Hasn't Managed To Accelerate Its Returns

Aug 22
Almarai (TADAWUL:2280) Hasn't Managed To Accelerate Its Returns
1060
ر.س30.80
Saudi Awwal Bank
7D
-3.0%
1Y
-13.6%

Saudi Awwal Bank's (TADAWUL:1060) Dividend Will Be SAR1.00

Aug 15
Saudi Awwal Bank's (TADAWUL:1060) Dividend Will Be SAR1.00
2010
ر.س61.05
Saudi Basic Industries
7D
3.1%
1Y
-20.2%
1810
ر.س28.48
Seera Holding Group
7D
10.9%
1Y
18.9%
7203
ر.س854.00
Elm
7D
-4.1%
1Y
-16.3%
4013
ر.س244.80
Dr. Sulaiman Al Habib Medical Services Group
7D
-3.3%
1Y
-19.5%
2310
ر.س20.30
Sahara International Petrochemical
7D
7.5%
1Y
-30.6%

Some Investors May Be Willing To Look Past Sahara International Petrochemical's (TADAWUL:2310) Soft Earnings

Aug 03
Some Investors May Be Willing To Look Past Sahara International Petrochemical's (TADAWUL:2310) Soft Earnings
1150
ر.س25.88
Alinma Bank
7D
1.6%
1Y
-19.4%
1140
ر.س26.98
Bank Albilad
7D
4.4%
1Y
-16.8%
1080
ر.س22.35
Arab National Bank
7D
3.0%
1Y
11.9%
1180
ر.س35.70
Saudi National Bank
7D
-0.7%
1Y
-2.5%
1120
ر.س97.00
Al Rajhi Banking and Investment
7D
1.8%
1Y
9.5%