Header cover image

Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedJun 21, 2025
DataAggregated Company Financials
Companies375
  • 7D-1.2%
  • 3M-6.1%
  • 1Y-10.3%
  • YTD-12.1%

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 10% in the last year. Earnings are forecast to grow by 6.8% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 31 Jul 2022ر.س11.8tر.س2.6tر.س607.4b26.6x19.5x4.6x
Tue, 28 Jun 2022ر.س11.2tر.س2.6tر.س607.1b25.5x18.4x4.3x
Price to Earnings Ratio

18.4x


Total Market Cap: ر.س11.2tTotal Earnings: ر.س607.1bTotal Revenue: ر.س2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 16.9x202320242025
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 16.9x.
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 3.8% 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-1.23%
Energy-0.58%
Telecom-1.18%
Real Estate-1.74%
Materials-1.93%
Industrials-2.15%
Consumer Staples-2.45%
Tech-2.50%
Financials-2.72%
Healthcare-3.30%
Consumer Discretionary-3.38%
Utilities-4.38%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 102x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.4%, 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 26.7x.
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?

CompanyLast Price7D1YValuationSector
2020 SABIC Agri-Nutrientsر.س107.8010.7%
+ر.س5.0b
-2.0%PE14.8xMaterials
4210 Saudi Research and Media Groupر.س169.0019.4%
+ر.س2.2b
-15.0%PE92.8xTelecom
4325 Umm Al Qura for Development and Constructionر.س22.725.7%
+ر.س1.8b
n/aPE50xReal Estate
4150 Arriyadh Developmentر.س32.453.8%
+ر.س280.7m
42.0%PE28.3xReal Estate
1810 Seera Holding Groupر.س23.804.4%
+ر.س269.6m
-4.3%PS1.6xConsumer Discretionary
See more

Market Insights

Between tariff threats, growth downgrades, and a surprising equity market rebound, the Asian market is proving to be as unpredictable as ever. Sure, the IMF trimmed its growth forecasts. But when you zoom out, the big picture doesn’t look half bad, especially considering how messy things got earlier in the year.

Latest News