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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedApr 08, 2025
DataAggregated Company Financials
Companies362
- 7D-6.1%
- 3M-8.9%
- 1Y-15.9%
- YTD-9.3%
Over the last 7 days, the market has dropped 6.1%, driven by declines in every sector, especially the Energy sector. In the last 12 months the market is down 16%. As for the next few years, earnings are expected to grow by 6.9% per annum.
Market Valuation and Performance
Has the Saudi Arabian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 08 Apr 2025 | ر.س9.3t | ر.س2.9t | ر.س543.5b | 20.8x | 17.2x | 3.3x |
| Thu, 06 Mar 2025 | ر.س9.8t | ر.س2.8t | ر.س552.3b | 22.8x | 17.8x | 3.5x |
| Sat, 01 Feb 2025 | ر.س10.3t | ر.س2.9t | ر.س554.2b | 24.1x | 18.6x | 3.6x |
| Mon, 30 Dec 2024 | ر.س10.1t | ر.س2.9t | ر.س552.1b | 23.2x | 18.4x | 3.5x |
| Wed, 27 Nov 2024 | ر.س10.0t | ر.س2.9t | ر.س551.8b | 23.5x | 18.2x | 3.5x |
| Fri, 25 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س572.5b | 25.4x | 17.4x | 3.5x |
| Sun, 22 Sep 2024 | ر.س10.1t | ر.س2.9t | ر.س571.2b | 25.9x | 17.7x | 3.5x |
| Tue, 20 Aug 2024 | ر.س10.3t | ر.س2.9t | ر.س571.0b | 25.5x | 18x | 3.6x |
| Thu, 18 Jul 2024 | ر.س10.3t | ر.س2.8t | ر.س567.5b | 25.7x | 18.2x | 3.7x |
| Sat, 15 Jun 2024 | ر.س10.0t | ر.س2.8t | ر.س567.3b | 25.3x | 17.6x | 3.5x |
| Mon, 13 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.5b | 27.6x | 18.9x | 3.8x |
| Wed, 10 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.8b | 27.5x | 18.9x | 3.9x |
| Fri, 08 Mar 2024 | ر.س11.2t | ر.س2.8t | ر.س602.2b | 27.7x | 18.6x | 3.9x |
| Sun, 04 Feb 2024 | ر.س10.8t | ر.س2.9t | ر.س604.9b | 24.7x | 17.8x | 3.8x |
| Tue, 02 Jan 2024 | ر.س11.3t | ر.س2.8t | ر.س604.4b | 24.9x | 18.7x | 4x |
| Thu, 30 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.9x | 18.3x | 3.9x |
| Sat, 28 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س636.7b | 22.9x | 17x | 3.6x |
| Mon, 25 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.6b | 24.5x | 17.5x | 3.8x |
| Wed, 23 Aug 2023 | ر.س11.4t | ر.س3.0t | ر.س636.0b | 25.2x | 17.9x | 3.8x |
| Fri, 21 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 25.8x | 15.4x | 3.5x |
| Sun, 18 Jun 2023 | ر.س11.0t | ر.س3.2t | ر.س714.2b | 27.1x | 15.4x | 3.5x |
| Tue, 16 May 2023 | ر.س11.1t | ر.س3.2t | ر.س730.3b | 25.5x | 15.2x | 3.5x |
| Thu, 13 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س753.4b | 24.8x | 13.5x | 3.1x |
| Sat, 11 Mar 2023 | ر.س10.0t | ر.س3.2t | ر.س748.2b | 23.7x | 13.4x | 3.1x |
| Mon, 06 Feb 2023 | ر.س9.9t | ر.س3.2t | ر.س750.3b | 23.9x | 13.2x | 3.1x |
| Wed, 04 Jan 2023 | ر.س10.0t | ر.س3.2t | ر.س750.1b | 24.4x | 13.3x | 3.1x |
| Fri, 02 Dec 2022 | ر.س10.1t | ر.س3.2t | ر.س748.3b | 25.2x | 13.5x | 3.2x |
| Sun, 30 Oct 2022 | ر.س10.7t | ر.س2.9t | ر.س700.0b | 27x | 15.3x | 3.6x |
| Tue, 27 Sep 2022 | ر.س10.4t | ر.س2.9t | ر.س699.4b | 26.3x | 14.9x | 3.5x |
| Thu, 25 Aug 2022 | ر.س11.8t | ر.س2.9t | ر.س701.2b | 26.6x | 16.9x | 4x |
| Sat, 23 Jul 2022 | ر.س11.6t | ر.س2.6t | ر.س607.6b | 26.8x | 19x | 4.5x |
| Mon, 20 Jun 2022 | ر.س11.5t | ر.س2.6t | ر.س606.8b | 25.4x | 18.9x | 4.4x |
| Wed, 18 May 2022 | ر.س12.5t | ر.س2.6t | ر.س603.8b | 27.4x | 20.6x | 4.9x |
| Fri, 15 Apr 2022 | ر.س12.0t | ر.س2.3t | ر.س530.2b | 30.3x | 22.6x | 5.2x |
Price to Earnings Ratio
22.6x
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 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 Market | -6.11% | |
| Telecom | -3.69% | |
| Healthcare | -4.30% | |
| Utilities | -4.93% | |
| Consumer Staples | -5.32% | |
| Energy | -5.64% | |
| Consumer Discretionary | -5.87% | |
| Real Estate | -7.36% | |
| Materials | -7.44% | |
| Financials | -8.44% | |
| Tech | -8.58% | |
| Industrials | -10.29% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 62.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings growth of 1.0% per year.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 29.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 31% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 4280 Kingdom Holding | ر.س8.39 | 2.1% +ر.س630.0m | 13.7% | PE25.1x | Financials | |
| 7030 Mobile Telecommunications Company Saudi Arabia | ر.س11.32 | 0.5% +ر.س53.9m | -12.5% | PE17.1x | Telecom | |
| 4180 Fitaihi Holding Group | ر.س4.18 | 3.5% +ر.س38.5m | 4.0% | PE79.2x | Consumer Discretionary | |
| 9583 United Mining Industries | ر.س42.00 | 5.0% +ر.س28.0m | 59.7% | PE20x | Industrials | |
| 1183 SHL Finance | ر.س18.46 | 1.4% +ر.س26.0m | 10.5% | PE69.6x | Financials |
