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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedMay 15, 2025
DataAggregated Company Financials
Companies365
  • 7D3.4%
  • 3M-6.7%
  • 1Y-9.6%
  • YTD-6.3%

The market is up 3.4% over the last week, with the Energy sector leading the way, up 5.0%. On the other hand, with a decline of 4.2%, the Communication Services sector is lagging behind. Over the past year the market is down 9.6%. Looking forward, earnings are forecast to grow by 6.7% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 May 2025ر.س9.7tر.س2.9tر.س539.9b22.2x17.9x3.4x
Sat, 12 Apr 2025ر.س9.6tر.س2.9tر.س544.8b22x17.6x3.4x
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
Price to Earnings Ratio

19.6x


Total Market Cap: ر.س11.9tTotal Earnings: ر.س605.7bTotal Revenue: ر.س2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Market Price to Earnings3Y Average 17x202320242025
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 17.0x.
Past Earnings Growth
  • The earnings for Saudi listed companies have declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% 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 Market3.40%
Energy5.03%
Industrials3.55%
Tech2.20%
Consumer Discretionary1.64%
Financials1.26%
Materials1.00%
Consumer Staples-0.28%
Healthcare-0.51%
Utilities-0.53%
Real Estate-0.60%
Telecom-4.25%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 88.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 4.8% per year.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.8x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 4.8% 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
2222 Saudi Arabian Oilر.س26.155.3%
+ر.س316.8b
-12.1%PE16.4xEnergy
1120 Al Rajhi Banking and Investmentر.س97.801.3%
+ر.س5.2b
21.9%PB2.9xFinancials
2010 Saudi Basic Industriesر.س60.302.6%
+ر.س4.5b
-25.5%PE717.2xMaterials
1211 Saudi Arabian Mining Company (Ma'aden)ر.س51.301.2%
+ر.س2.3b
2.8%PE56.6xMaterials
1180 Saudi National Bankر.س35.501.0%
+ر.س2.1b
-0.3%PB1.1xFinancials
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Latest News

4090

ر.س39.80

Taiba Investment

7D

-8.0%

1Y

-9.2%

1211

ر.س51.30

Saudi Arabian Mining Company (Ma'aden)

7D

1.2%

1Y

2.8%

5110

ر.س14.36

Saudi Electricity

7D

-3.5%

1Y

-18.6%

4100

ر.س104.00

Makkah Construction and Development

7D

-5.5%

1Y

24.7%

2010

ر.س60.30

Saudi Basic Industries

7D

2.6%

1Y

-25.5%

1150

ر.س27.85

Alinma Bank

7D

-1.2%

1Y

-12.1%

2082

ر.س292.80

ACWA Power

7D

-2.2%

1Y

-36.3%

7010

ر.س43.25

Saudi Telecom

7D

-4.9%

1Y

13.8%

1140

ر.س27.05

Bank Albilad

7D

-2.0%

1Y

-7.7%

1120

ر.س97.80

Al Rajhi Banking and Investment

7D

1.3%

1Y

21.9%

4325

ر.س25.05

Umm Al Qura for Development and Construction

7D

5.3%

1Y

n/a

7203

ر.س1,057.80

Elm

7D

1.7%

1Y

22.9%