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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedApr 28, 2025
DataAggregated Company Financials
Companies364
  • 7D0.7%
  • 3M-7.0%
  • 1Y-11.5%
  • YTD-6.2%

In the last week, the market has been flat. Unfortunately though, the market is down 12% over the past year. Earnings are forecast to grow by 6.9% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Apr 2025ر.س9.7tر.س2.9tر.س544.8b22.4x17.7x3.4x
Wed, 26 Mar 2025ر.س9.7tر.س2.9tر.س543.8b22.5x17.9x3.4x
Fri, 21 Feb 2025ر.س10.3tر.س2.9tر.س555.9b24.2x18.5x3.6x
Sun, 19 Jan 2025ر.س10.4tر.س2.9tر.س552.2b24x18.7x3.6x
Tue, 17 Dec 2024ر.س10.4tر.س2.9tر.س552.1b23.7x18.8x3.6x
Thu, 14 Nov 2024ر.س10.2tر.س2.9tر.س551.8b24x18.5x3.6x
Sat, 12 Oct 2024ر.س10.0tر.س2.9tر.س571.6b24.7x17.6x3.5x
Mon, 09 Sep 2024ر.س10.1tر.س2.9tر.س571.1b25.5x17.8x3.6x
Wed, 07 Aug 2024ر.س9.9tر.س2.8tر.س569.2b24.7x17.4x3.5x
Fri, 05 Jul 2024ر.س10.1tر.س2.8tر.س567.3b25.6x17.8x3.6x
Sun, 02 Jun 2024ر.س10.2tر.س2.8tر.س566.5b25.4x18.1x3.7x
Tue, 30 Apr 2024ر.س10.8tر.س2.8tر.س578.0b27.3x18.6x3.8x
Thu, 28 Mar 2024ر.س11.0tر.س2.8tر.س577.7b27.7x19x3.9x
Sat, 24 Feb 2024ر.س11.2tر.س2.9tر.س605.7b26.8x18.6x3.9x
Mon, 22 Jan 2024ر.س11.1tر.س2.9tر.س604.6b25.1x18.3x3.9x
Wed, 20 Dec 2023ر.س11.2tر.س2.8tر.س604.4b23.7x18.5x3.9x
Fri, 17 Nov 2023ر.س11.1tر.س2.9tر.س603.9b23.6x18.4x3.9x
Sun, 15 Oct 2023ر.س11.0tر.س3.0tر.س636.8b23.7x17.3x3.7x
Tue, 12 Sep 2023ر.س11.1tر.س3.0tر.س636.4b24.7x17.4x3.7x
Thu, 10 Aug 2023ر.س11.1tر.س3.0tر.س645.7b25.6x17.1x3.7x
Sat, 08 Jul 2023ر.س11.0tر.س3.2tر.س715.2b26.2x15.3x3.4x
Mon, 05 Jun 2023ر.س10.6tر.س3.2tر.س712.9b26.6x14.9x3.3x
Wed, 03 May 2023ر.س11.0tر.س3.3tر.س754.1b25.2x14.5x3.4x
Fri, 31 Mar 2023ر.س10.0tر.س3.2tر.س758.3b24.3x13.2x3.1x
Sun, 26 Feb 2023ر.س9.7tر.س3.2tر.س752.6b23.6x12.9x3x
Tue, 24 Jan 2023ر.س10.2tر.س3.2tر.س750.2b24.2x13.5x3.2x
Thu, 22 Dec 2022ر.س9.6tر.س3.2tر.س748.6b23.7x12.8x3x
Sat, 19 Nov 2022ر.س10.3tر.س3.2tر.س747.3b25.5x13.8x3.3x
Mon, 17 Oct 2022ر.س10.8tر.س2.9tر.س699.8b27x15.4x3.7x
Wed, 14 Sep 2022ر.س11.3tر.س2.9tر.س700.3b26.5x16.2x3.9x
Fri, 12 Aug 2022ر.س12.1tر.س2.6tر.س609.1b27.5x19.9x4.7x
Sun, 10 Jul 2022ر.س11.3tر.س2.6tر.س607.5b25.6x18.6x4.4x
Tue, 07 Jun 2022ر.س12.2tر.س2.6tر.س606.8b28.2x20.1x4.7x
Thu, 05 May 2022ر.س12.5tر.س2.3tر.س538.6b29.1x23.2x5.4x
Price to Earnings Ratio

23.2x


Total Market Cap: ر.س12.5tTotal Earnings: ر.س538.6bTotal Revenue: ر.س2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17.1x202320242025
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 17.1x.
Past Earnings Growth
  • The earnings for Saudi listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.2% 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 and as a result, profits have held steady.

Sector Trends

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

SA Market0.74%
Materials2.59%
Telecom2.00%
Financials1.72%
Tech1.45%
Real Estate0.67%
Energy0.40%
Consumer Discretionary0.40%
Utilities0.36%
Consumer Staples0.15%
Healthcare0.065%
Industrials-0.60%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 77.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings growth of 2.7% per year.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 28.3x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
2222 Saudi Arabian Oilر.س25.800.4%
+ر.س24.2b
-14.4%PE15.8xEnergy
1211 Saudi Arabian Mining Company (Ma'aden)ر.س48.006.9%
+ر.س11.8b
-6.1%PE63.4xMaterials
1180 Saudi National Bankر.س35.304.0%
+ر.س8.0b
-5.7%PB1.1xFinancials
7010 Saudi Telecomر.س48.102.9%
+ر.س6.7b
26.9%PE22.4xTelecom
1010 Riyad Bankر.س31.353.1%
+ر.س2.8b
12.0%PB1.4xFinancials
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

1020

ر.س13.62

Bank AlJazira

7D

-20.3%

1Y

-16.2%

7010

ر.س48.00

Saudi Telecom

7D

3.4%

1Y

26.1%

4325

ر.س25.80

Umm Al Qura for Development and Construction

7D

15.4%

1Y

n/a

1111

ر.س190.40

Saudi Tadawul Group Holding

7D

-3.0%

1Y

-27.7%

2222

ر.س25.75

Saudi Arabian Oil

7D

1.2%

1Y

-14.5%

1060

ر.س35.40

Saudi Awwal Bank

7D

3.5%

1Y

-13.6%

1180

ر.س35.30

Saudi National Bank

7D

4.1%

1Y

-6.7%

2290

ر.س32.55

Yanbu National Petrochemical

7D

-1.4%

1Y

-16.5%

7202

ر.س286.80

Arabian Internet and Communication Services

7D

-5.2%

1Y

-16.1%

1120

ر.س98.60

Al Rajhi Banking and Investment

7D

1.0%

1Y

22.8%

1211

ر.س48.00

Saudi Arabian Mining Company (Ma'aden)

7D

7.5%

1Y

-7.2%

1010

ر.س31.35

Riyad Bank

7D

4.0%

1Y

11.4%

9544

ر.س5.95

Future Care Trading

7D

-6.2%

1Y

-31.8%

1080

ر.س21.66

Arab National Bank

7D

-2.2%

1Y

-4.8%