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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMar 10, 2025
DataAggregated Company Financials
Companies359
  • 7D-2.1%
  • 3M-5.2%
  • 1Y-14.1%
  • YTD-4.2%

Over the last 7 days, the market has dropped 2.1%, driven by declines in every sector, especially the Energy sector. The market has dropped 14% in the last year. Looking forward, earnings are forecast to grow by 6.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Mar 2025ر.س9.7tر.س2.8tر.س537.4b22.3x18.1x3.4x
Wed, 05 Feb 2025ر.س10.3tر.س2.9tر.س556.6b24.2x18.5x3.6x
Fri, 03 Jan 2025ر.س10.2tر.س2.9tر.س552.1b23.1x18.6x3.6x
Sun, 01 Dec 2024ر.س10.0tر.س2.9tر.س551.8b23.3x18.1x3.5x
Tue, 29 Oct 2024ر.س10.1tر.س2.9tر.س573.2b25.3x17.6x3.5x
Thu, 26 Sep 2024ر.س10.2tر.س2.9tر.س571.1b25.6x17.9x3.6x
Sat, 24 Aug 2024ر.س10.2tر.س2.9tر.س571.1b25.8x17.8x3.6x
Mon, 22 Jul 2024ر.س10.4tر.س2.8tر.س567.5b25.7x18.3x3.7x
Wed, 19 Jun 2024ر.س10.0tر.س2.8tر.س567.4b25.1x17.6x3.5x
Fri, 17 May 2024ر.س10.6tر.س2.8tر.س565.3b27x18.8x3.8x
Sun, 14 Apr 2024ر.س10.9tر.س2.8tر.س577.8b27.5x18.9x3.9x
Tue, 12 Mar 2024ر.س11.2tر.س2.8tر.س607.2b27.3x18.5x4x
Thu, 08 Feb 2024ر.س10.9tر.س2.9tر.س604.8b26.2x18x3.8x
Sat, 06 Jan 2024ر.س11.3tر.س2.9tر.س604.6b25.2x18.7x4x
Mon, 04 Dec 2023ر.س11.1tر.س2.8tر.س604.4b23.7x18.4x3.9x
Wed, 01 Nov 2023ر.س10.9tر.س3.0tر.س638.3b23x17.1x3.7x
Fri, 29 Sep 2023ر.س11.4tر.س3.0tر.س636.5b24.6x17.9x3.8x
Sun, 27 Aug 2023ر.س11.4tر.س3.0tر.س636.3b25.5x18x3.9x
Tue, 25 Jul 2023ر.س11.0tر.س3.2tر.س715.5b25.7x15.4x3.5x
Thu, 22 Jun 2023ر.س10.9tر.س3.2tر.س714.5b26.1x15.2x3.4x
Sat, 20 May 2023ر.س10.9tر.س3.2tر.س728.3b25.3x15x3.4x
Mon, 17 Apr 2023ر.س10.2tر.س3.2tر.س753.9b24.9x13.5x3.1x
Wed, 15 Mar 2023ر.س9.9tر.س3.2tر.س756.6b23.3x13.1x3.1x
Fri, 10 Feb 2023ر.س9.9tر.س3.2tر.س752.0b24.4x13.2x3.1x
Sun, 08 Jan 2023ر.س9.8tر.س3.2tر.س750.1b24.2x13x3.1x
Tue, 06 Dec 2022ر.س9.9tر.س3.2tر.س748.3b24.1x13.2x3.1x
Thu, 03 Nov 2022ر.س10.6tر.س3.2tر.س751.3b26.5x14.1x3.4x
Sat, 01 Oct 2022ر.س10.9tر.س2.9tر.س699.7b27.5x15.5x3.7x
Mon, 29 Aug 2022ر.س11.8tر.س2.9tر.س699.5b26.4x16.9x4x
Wed, 27 Jul 2022ر.س11.6tر.س2.6tر.س607.7b26.9x19.1x4.5x
Fri, 24 Jun 2022ر.س11.0tر.س2.6tر.س606.9b24.4x18.2x4.3x
Sun, 22 May 2022ر.س11.9tر.س2.6tر.س605.7b28.1x19.6x4.6x
Tue, 19 Apr 2022ر.س12.1tر.س2.3tر.س530.2b30.7x22.8x5.2x
Thu, 17 Mar 2022ر.س11.0tر.س2.2tر.س475.4b26.5x23.2x5.1x
Price to Earnings Ratio

23.2x


Total Market Cap: ر.س11.0tTotal Earnings: ر.س475.4bTotal Revenue: ر.س2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17.3x202320242025
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 17.3x.
Past Earnings Growth
  • The earnings for Saudi listed companies have grown 4.2% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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-2.10%
Materials-0.18%
Financials-0.33%
Real Estate-0.79%
Consumer Staples-0.92%
Energy-2.02%
Healthcare-4.13%
Telecom-4.21%
Consumer Discretionary-4.88%
Utilities-5.84%
Industrials-6.50%
Tech-7.02%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 55.8x.
    • Analysts are expecting annual earnings growth of 21.3%, which is lower than the prior year's growth of 31.5% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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
1010 Riyad Bankر.س30.201.0%
+ر.س898.5m
-1.1%PB1.3xFinancials
4300 Dar Al Arkan Real Estate Developmentر.س18.803.3%
+ر.س648.0m
29.7%PE31.3xReal Estate
2330 Advanced Petrochemicalر.س28.258.7%
+ر.س581.6m
-26.4%PS3.3xMaterials
8210 Bupa Arabia for Cooperative Insuranceر.س171.002.3%
+ر.س567.3m
-25.7%PE21.9xFinancials
4005 National Medical Careر.س167.604.8%
+ر.س339.6m
-16.7%PE25.1xHealthcare
See more
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4280

ر.س7.71

Kingdom Holding

7D

-14.8%

1Y

8.1%

7010

ر.س44.20

Saudi Telecom

7D

-3.5%

1Y

9.3%

8010

ر.س144.20

Company for Cooperative Insurance

7D

1.4%

1Y

-5.1%

7203

ر.س960.00

Elm

7D

-10.8%

1Y

1.6%

9510

ر.س205.80

National Building and Marketing

7D

30.3%

1Y

-18.1%

4005

ر.س166.80

National Medical Care

7D

4.3%

1Y

-17.1%

1010

ر.س30.40

Riyad Bank

7D

1.7%

1Y

-0.5%

8210

ر.س172.40

Bupa Arabia for Cooperative Insurance

7D

3.1%

1Y

-25.1%