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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies389
  • 7D-1.2%
  • 3M-6.5%
  • 1Y-15.4%
  • YTD-15.6%

Over the last 7 days, the market has dropped 1.2%, driven by declines in every sector, especially the Energy sector. The market has dropped 15% in the last year. As for the next few years, earnings are expected to grow by 8.4% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025ر.س8.7tر.س2.8tر.س484.5b17.4x18.1x3.1x
Fri, 28 Nov 2025ر.س9.0tر.س2.8tر.س484.0b18.1x18.7x3.2x
Sun, 26 Oct 2025ر.س9.6tر.س2.9tر.س522.6b20.5x18.5x3.4x
Tue, 23 Sep 2025ر.س9.2tر.س2.9tر.س519.2b20.7x17.8x3.2x
Thu, 21 Aug 2025ر.س9.0tر.س2.8tر.س519.8b21x17.2x3.1x
Sat, 19 Jul 2025ر.س9.0tر.س2.9tر.س542.8b20.8x16.7x3.1x
Mon, 16 Jun 2025ر.س9.2tر.س2.9tر.س542.1b20.6x16.9x3.2x
Wed, 14 May 2025ر.س9.5tر.س2.9tر.س538.8b21.9x17.6x3.3x
Fri, 11 Apr 2025ر.س9.6tر.س2.9tر.س544.6b21.9x17.5x3.3x
Sun, 09 Mar 2025ر.س9.7tر.س2.8tر.س551.4b22.4x17.6x3.4x
Tue, 04 Feb 2025ر.س10.3tر.س2.9tر.س554.2b24.4x18.5x3.6x
Thu, 02 Jan 2025ر.س10.2tر.س2.9tر.س552.1b23.5x18.5x3.6x
Sat, 30 Nov 2024ر.س10.0tر.س2.9tر.س551.8b23.3x18.1x3.5x
Mon, 28 Oct 2024ر.س10.0tر.س2.9tر.س573.2b25.3x17.5x3.5x
Wed, 25 Sep 2024ر.س10.2tر.س2.9tر.س571.1b25.7x17.9x3.6x
Fri, 23 Aug 2024ر.س10.2tر.س2.9tر.س571.1b25.8x17.9x3.6x
Sun, 21 Jul 2024ر.س10.4tر.س2.8tر.س567.5b25.6x18.3x3.7x
Tue, 18 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Thu, 16 May 2024ر.س10.5tر.س2.8tر.س566.4b26.9x18.6x3.8x
Sat, 13 Apr 2024ر.س10.9tر.س2.8tر.س577.8b27.5x18.9x3.9x
Mon, 11 Mar 2024ر.س11.2tر.س2.8tر.س607.1b27.2x18.4x3.9x
Wed, 07 Feb 2024ر.س10.9tر.س2.9tر.س604.8b25.6x18.1x3.8x
Fri, 05 Jan 2024ر.س11.3tر.س2.8tر.س604.5b25.2x18.7x4x
Sun, 03 Dec 2023ر.س11.1tر.س2.8tر.س604.4b23.5x18.3x3.9x
Tue, 31 Oct 2023ر.س10.8tر.س3.0tر.س637.7b23.3x17x3.6x
Thu, 28 Sep 2023ر.س11.4tر.س3.0tر.س636.5b24.9x17.9x3.8x
Sat, 26 Aug 2023ر.س11.4tر.س3.0tر.س636.3b25.5x18x3.9x
Mon, 24 Jul 2023ر.س11.0tر.س3.2tر.س715.5b25.9x15.4x3.5x
Wed, 21 Jun 2023ر.س10.9tر.س3.2tر.س714.5b26.5x15.2x3.4x
Fri, 19 May 2023ر.س10.9tر.س3.2tر.س728.1b25.3x14.9x3.4x
Sun, 16 Apr 2023ر.س10.2tر.س3.2tر.س753.8b24.8x13.5x3.1x
Tue, 14 Mar 2023ر.س10.0tر.س3.2tر.س747.8b23.6x13.4x3.1x
Thu, 09 Feb 2023ر.س9.9tر.س3.2tر.س750.3b24.5x13.2x3.1x
Sat, 07 Jan 2023ر.س9.8tر.س3.2tر.س750.1b24.2x13x3.1x
Price to Earnings Ratio

13x


Total Market Cap: ر.س9.8tTotal Earnings: ر.س750.1bTotal Revenue: ر.س3.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17.2x20242025
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 17.2x.
Past Earnings Growth
  • The earnings for companies in the Saudi industry have declined 14% per year over the last three years.
  • Revenues have also declined 4.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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

SA Market-1.21%
Energy-0.63%
Telecom-1.07%
Financials-1.19%
Tech-2.23%
Consumer Staples-3.07%
Healthcare-3.17%
Industrials-3.26%
Consumer Discretionary-3.34%
Utilities-3.42%
Materials-3.46%
Real Estate-4.37%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 43.2x.
    • Analysts expect its future annual earnings growth (15.6%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 4.2% 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
1010 Riyad Bankر.س27.181.4%
+ر.س1.1b		-5.0%PB1.1xFinancials
1212 Astra Industrial Groupر.س138.303.6%
+ر.س384.0m		-23.2%PE17.1xIndustrials
7200 Al Moammar Information Systemsر.س167.506.9%
+ر.س324.0m		2.8%PE53.4xTech
2270 Saudia Dairy & Foodstuffر.س242.003.0%
+ر.س224.0m		-28.4%PE14.9xConsumer Staples
9557 Edarat Communication and Information Technologyر.س239.008.7%
+ر.س96.1m		-30.5%PE42.4xTech
See more

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2082
ر.س179.40
ACWA Power
7D
-4.4%
1Y
-55.3%

Capital Allocation Trends At ACWA Power (TADAWUL:2082) Aren't Ideal

Dec 27
Capital Allocation Trends At ACWA Power (TADAWUL:2082) Aren't Ideal
7200
ر.س167.50
Al Moammar Information Systems
7D
6.9%
1Y
2.8%
1030
ر.س13.10
Saudi Investment Bank
7D
0.4%
1Y
-9.7%

1030: Higher Forward Multiple Will Support Future Upside Potential

Analysts have modestly lowered their price target on Saudi Investment Bank to SAR 15.85 from approximately SAR 16.07, citing slightly softer revenue growth expectations, a marginally higher discount rate, and a richer forecast future P E multiple, which together temper their valuation outlook. Valuation Changes Fair Value Estimate: reduced modestly from SAR 16.07 to SAR 15.85, reflecting a slightly more conservative outlook.
2010
ر.س51.20
Saudi Basic Industries
7D
-3.0%
1Y
-23.6%

2010: Legal Ruling And Higher Earnings Multiple Will Drive Bullish Repricing

Analysts have trimmed their price target for Saudi Basic Industries slightly, reducing fair value by about $0.19 to $63.49. This reflects expectations of stronger top line growth, offset by a modestly lower profit margin and a higher implied future earnings multiple.
7203
ر.س729.00
Elm
7D
-2.9%
1Y
-34.6%
1211
ر.س60.80
Saudi Arabian Mining Company (Ma'aden)
7D
-4.0%
1Y
20.9%

1211: Rare Earth Agreement Will Drive Future Margin Expansion And Earnings Repricing

Analysts have raised their price target for Saudi Arabian Mining Company (Ma'aden) from SAR 60.00 to about SAR 71.80, citing expectations of slightly slower revenue growth, offset by improved profit margins and a higher justified future price to earnings multiple. What's in the News Ma'aden signed a binding term sheet with MP Materials and Mountain JV, LLC to establish a rare earth refining and separation facility in Saudi Arabia, subject to customary regulatory and corporate approvals (company filing).
2270
ر.س242.00
Saudia Dairy & Foodstuff
7D
3.0%
1Y
-28.4%

Slowing Rates Of Return At Saudia Dairy & Foodstuff (TADAWUL:2270) Leave Little Room For Excitement

Dec 10
Slowing Rates Of Return At Saudia Dairy & Foodstuff (TADAWUL:2270) Leave Little Room For Excitement
9541
ر.س11.43
Academy of Learning
7D
8.9%
1Y
27.0%
1212
ر.س138.30
Astra Industrial Group
7D
3.6%
1Y
-23.2%

Pinning Down Astra Industrial Group Company's (TADAWUL:1212) P/E Is Difficult Right Now

Dec 03
Pinning Down Astra Industrial Group Company's (TADAWUL:1212) P/E Is Difficult Right Now
4325
ر.س17.03
Umm Al Qura for Development and Construction
7D
-8.3%
1Y
n/a
2222
ر.س23.62
Saudi Arabian Oil
7D
-0.6%
1Y
-15.8%
1120
ر.س96.60
Al Rajhi Banking and Investment
7D
-1.4%
1Y
2.1%

Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?

Nov 13
Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?
4344
ر.س6.77
SEDCO Capital REIT Fund
7D
5.3%
1Y
-19.3%
4013
ر.س251.00
Dr. Sulaiman Al Habib Medical Services Group
7D
-2.4%
1Y
-10.5%

Analyst Estimates: Here's What Brokers Think Of Dr. Sulaiman Al Habib Medical Services Group Company (TADAWUL:4013) After Its Third-Quarter Report

Oct 30
Analyst Estimates: Here's What Brokers Think Of Dr. Sulaiman Al Habib Medical Services Group Company (TADAWUL:4013) After Its Third-Quarter Report
1010
ر.س27.18
Riyad Bank
7D
1.4%
1Y
-5.0%
9557
ر.س239.00
Edarat Communication and Information Technology
7D
8.7%
1Y
-30.5%