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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedJun 07, 2024
DataAggregated Company Financials
Companies321
  • 7D-1.5%
  • 3M-9.9%
  • 1Y-8.5%
  • YTD-10.8%

Over the last 7 days, the market has dropped 1.5%, driven by a pullback of 2.4% in the Energy sector. In the last 12 months the market is down 8.5%. Earnings are forecast to grow by 6.7% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Jun 2024ر.س10.1tر.س2.8tر.س566.9b25.1x17.9x3.6x
Sun, 05 May 2024ر.س10.7tر.س2.8tر.س579.7b27.6x18.5x3.8x
Tue, 02 Apr 2024ر.س11.0tر.س2.8tر.س578.1b27.5x19x3.9x
Thu, 29 Feb 2024ر.س11.2tر.س2.9tر.س605.7b27.6x18.5x3.9x
Sat, 27 Jan 2024ر.س11.0tر.س2.9tر.س604.6b25.4x18.2x3.9x
Mon, 25 Dec 2023ر.س11.2tر.س2.8tر.س604.4b24x18.5x3.9x
Wed, 22 Nov 2023ر.س11.1tر.س2.8tر.س604.5b23.5x18.4x3.9x
Fri, 20 Oct 2023ر.س11.0tر.س3.0tر.س636.9b23.8x17.2x3.7x
Sun, 17 Sep 2023ر.س11.2tر.س3.0tر.س636.4b24.5x17.6x3.8x
Tue, 15 Aug 2023ر.س11.4tر.س3.0tر.س640.2b25.5x17.9x3.9x
Thu, 13 Jul 2023ر.س11.0tر.س3.2tر.س715.4b26.1x15.4x3.5x
Sat, 10 Jun 2023ر.س10.9tر.س3.2tر.س714.2b26.9x15.3x3.4x
Mon, 08 May 2023ر.س10.7tر.س3.3tر.س754.8b25.1x14.2x3.3x
Wed, 05 Apr 2023ر.س10.2tر.س3.2tر.س758.2b24.8x13.4x3.1x
Fri, 03 Mar 2023ر.س9.7tر.س3.2tر.س752.6b23.7x12.9x3x
Sun, 29 Jan 2023ر.س10.1tر.س3.2tر.س750.2b24.4x13.5x3.2x
Tue, 27 Dec 2022ر.س9.6tر.س3.2tر.س748.8b23.4x12.9x3x
Thu, 24 Nov 2022ر.س10.2tر.س3.2tر.س748.3b25x13.7x3.2x
Sat, 22 Oct 2022ر.س11.1tر.س2.9tر.س699.8b27.7x15.8x3.8x
Mon, 19 Sep 2022ر.س11.0tر.س2.9tر.س699.4b26.6x15.7x3.7x
Wed, 17 Aug 2022ر.س12.0tر.س2.6tر.س617.4b26.9x19.5x4.6x
Fri, 15 Jul 2022ر.س11.0tر.س2.6tر.س607.5b25.3x18.1x4.2x
Sun, 12 Jun 2022ر.س12.1tر.س2.6tر.س606.8b28.7x19.9x4.7x
Tue, 10 May 2022ر.س12.8tر.س2.3tر.س538.6b29.5x23.7x5.5x
Thu, 07 Apr 2022ر.س12.1tر.س2.4tر.س535.8b28.8x22.5x5.1x
Sat, 05 Mar 2022ر.س12.1tر.س2.1tر.س473.4b27x25.6x5.6x
Mon, 31 Jan 2022ر.س10.5tر.س2.1tر.س461.3b91.5x22.7x5x
Wed, 29 Dec 2021ر.س9.9tر.س2.1tر.س461.2b26x21.6x4.7x
Fri, 26 Nov 2021ر.س10.1tر.س2.1tر.س460.1b27x22x4.8x
Sun, 24 Oct 2021ر.س10.5tر.س1.9tر.س378.5b30.9x27.6x5.5x
Tue, 21 Sep 2021ر.س9.8tر.س1.9tر.س377.9b31.2x25.9x5.2x
Thu, 19 Aug 2021ر.س9.7tر.س1.9tر.س378.6b30.8x25.7x5.2x
Price to Earnings Ratio

25.7x


Total Market Cap: ر.س9.7tTotal Earnings: ر.س378.5bTotal Revenue: ر.س1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 18.8x202220232024
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 18.8x.
Past Earnings Growth
  • The earnings for Saudi listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

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

SA Market-1.48%
Healthcare4.92%
Tech3.13%
Financials2.79%
Real Estate1.94%
Telecom1.49%
Industrials-0.33%
Consumer Discretionary-0.62%
Consumer Staples-0.99%
Materials-2.04%
Energy-2.39%
Utilities-3.88%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 29.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.4%, which is higher than its past year's earnings growth of 13.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.8x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Energy 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
1120 Al Rajhi Banking and Investmentر.س78.903.7%
+ر.س11.2b
7.5%PB2.9xFinancials
1180 Saudi National Bankر.س35.454.7%
+ر.س9.5b
-6.2%PB1.2xFinancials
4013 Dr. Sulaiman Al Habib Medical Services Groupر.س289.007.8%
+ر.س7.3b
7.7%PE48xHealthcare
4250 Jabal Omar Developmentر.س25.509.6%
+ر.س2.6b
-2.5%PE660.5xReal Estate
7020 Etihad Etisalatر.س49.756.4%
+ر.س2.3b
9.9%PE15.9xTelecom
See more
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2082

ر.س382.20

ACWA Power

7D

-5.0%

1Y

145.2%

1212

ر.س137.00

Astra Industrial Group

7D

-10.5%

1Y

73.0%

2222

ر.س28.30

Saudi Arabian Oil

7D

-2.4%

1Y

-12.8%

2010

ر.س74.50

Saudi Basic Industries

7D

-2.0%

1Y

-16.3%

7020

ر.س49.75

Etihad Etisalat

7D

6.4%

1Y

9.9%

2381

ر.س126.80

Arabian Drilling

7D

-5.9%

1Y

-20.4%

4250

ر.س25.50

Jabal Omar Development

7D

9.6%

1Y

-2.5%

1050

ر.س35.05

Banque Saudi Fransi

7D

4.6%

1Y

-14.4%

4072

ر.س44.60

MBC Group

7D

-4.5%

1Y

n/a

1211

ر.س43.90

Saudi Arabian Mining Company (Ma'aden)

7D

-5.0%

1Y

0.1%

1180

ر.س35.45

Saudi National Bank

7D

4.7%

1Y

-6.2%

7202

ر.س282.20

Arabian Internet and Communication Services

7D

6.9%

1Y

-16.0%

1010

ر.س25.05

Riyad Bank

7D

2.7%

1Y

-26.0%

1120

ر.س78.90

Al Rajhi Banking and Investment

7D

3.7%

1Y

7.5%