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Saudi Arabian (Tadawul) Market Analysis & Valuation

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies383
  • 7D-1.2%
  • 3M5.1%
  • 1Y-7.2%
  • YTD-7.7%

The market has been flat in the last week, however the Information Technology sector is down 8.2%. Unfortunately though, the market is down 7.3% over the past year. Earnings are forecast to grow by 8.1% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025ر.س9.6tر.س2.9tر.س522.3b19.6x18.3x3.3x
Fri, 03 Oct 2025ر.س9.4tر.س2.9tر.س519.2b21.3x18.1x3.3x
Sun, 31 Aug 2025ر.س8.9tر.س2.8tر.س518.7b20.7x17.1x3.1x
Tue, 29 Jul 2025ر.س9.0tر.س2.9tر.س545.5b20.3x16.5x3.1x
Thu, 26 Jun 2025ر.س9.0tر.س2.9tر.س542.8b21.2x16.6x3.1x
Sat, 24 May 2025ر.س9.3tر.س2.9tر.س541.7b21.8x17.2x3.2x
Mon, 21 Apr 2025ر.س9.5tر.س2.9tر.س543.5b22.4x17.5x3.3x
Wed, 19 Mar 2025ر.س9.6tر.س2.8tر.س540.3b22.5x17.7x3.4x
Fri, 14 Feb 2025ر.س10.3tر.س2.9tر.س555.7b24.3x18.5x3.6x
Sun, 12 Jan 2025ر.س10.2tر.س2.9tر.س552.2b23.6x18.5x3.6x
Tue, 10 Dec 2024ر.س10.3tر.س2.9tر.س552.1b24x18.7x3.6x
Thu, 07 Nov 2024ر.س10.2tر.س2.8tر.س549.3b24.9x18.5x3.6x
Sat, 05 Oct 2024ر.س10.0tر.س2.9tر.س571.4b24.9x17.6x3.5x
Mon, 02 Sep 2024ر.س10.3tر.س2.9tر.س571.1b25.6x17.9x3.6x
Wed, 31 Jul 2024ر.س10.2tر.س2.8tر.س568.5b26.4x17.9x3.6x
Fri, 28 Jun 2024ر.س10.1tر.س2.8tر.س567.4b25.6x17.7x3.6x
Sun, 26 May 2024ر.س10.6tر.س2.8tر.س566.1b26.5x18.8x3.8x
Tue, 23 Apr 2024ر.س10.8tر.س2.8tر.س578.0b28.1x18.7x3.8x
Thu, 21 Mar 2024ر.س11.1tر.س2.8tر.س576.9b28.2x19.3x4x
Sat, 17 Feb 2024ر.س11.2tر.س2.9tر.س605.8b26.1x18.5x3.9x
Mon, 15 Jan 2024ر.س11.3tر.س2.9tر.س604.6b24.5x18.6x3.9x
Wed, 13 Dec 2023ر.س11.1tر.س2.8tر.س604.4b23.8x18.3x3.9x
Fri, 10 Nov 2023ر.س11.0tر.س2.9tر.س604.3b23.4x18.3x3.9x
Sun, 08 Oct 2023ر.س11.0tر.س3.0tر.س636.4b24.2x17.2x3.7x
Tue, 05 Sep 2023ر.س11.3tر.س3.0tر.س636.3b25.2x17.8x3.8x
Thu, 03 Aug 2023ر.س10.9tر.س3.2tر.س715.1b25.7x15.3x3.4x
Sat, 01 Jul 2023ر.س10.9tر.س3.2tر.س714.9b26.5x15.3x3.4x
Mon, 29 May 2023ر.س10.7tر.س3.3tر.س750.0b25.2x14.3x3.3x
Wed, 26 Apr 2023ر.س10.9tر.س3.2tر.س754.1b25.2x14.5x3.4x
Fri, 24 Mar 2023ر.س9.8tر.س3.2tر.س765.6b23.1x12.9x3x
Sun, 19 Feb 2023ر.س10.1tر.س3.2tر.س752.6b24.5x13.4x3.2x
Tue, 17 Jan 2023ر.س10.0tر.س3.2tر.س750.1b24.3x13.3x3.1x
Thu, 15 Dec 2022ر.س9.5tر.س3.2tر.س748.3b24x12.8x3x
Sat, 12 Nov 2022ر.س10.5tر.س3.2tر.س746.0b26x14x3.3x
Price to Earnings Ratio

14x


Total Market Cap: ر.س10.5tTotal Earnings: ر.س746.0bTotal Revenue: ر.س3.2tTotal 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 companies in the Saudi industry have declined 11% per year over the last three years.
  • Revenues have also declined 3.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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

SA Market-1.19%
Telecom0.29%
Energy-0.41%
Healthcare-1.48%
Industrials-1.50%
Consumer Discretionary-1.92%
Real Estate-2.15%
Materials-2.46%
Financials-2.94%
Consumer Staples-2.95%
Utilities-4.15%
Tech-10.20%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 132x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings growth of 8.2% per year.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 23.0x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 10% 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
2382 ADES Holdingر.س16.8410.8%
+ر.س1.8b		-14.3%PE23xEnergy
2381 Arabian Drillingر.س91.9524.0%
+ر.س1.6b		-17.6%PE34.4xEnergy
8210 Bupa Arabia for Cooperative Insuranceر.س159.104.5%
+ر.س1.0b		-18.4%PE22.2xFinancials
7010 Saudi Telecomر.س44.900.4%
+ر.س998.0m		5.8%PE18.7xTelecom
1111 Saudi Tadawul Group Holdingر.س199.004.2%
+ر.س960.0m		-18.4%PE57.5xFinancials
See more

Market Insights

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🏦 Room to Run: A Look at Where the Financial Sector Could Go
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Richard Bowman
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The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
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Latest News

7010
ر.س44.90
Saudi Telecom
7D
0.4%
1Y
5.8%
2381
ر.س91.95
Arabian Drilling
7D
24.0%
1Y
-17.6%
2382
ر.س16.84
ADES Holding
7D
10.8%
1Y
-14.3%
2082
ر.س225.70
ACWA Power
7D
-6.2%
1Y
-50.7%
6012
ر.س64.46
Raydan Food
7D
113.8%
1Y
26.0%

Revenues Not Telling The Story For Raydan Food Company (TADAWUL:6012) After Shares Rise 107%

Nov 04
Revenues Not Telling The Story For Raydan Food Company (TADAWUL:6012) After Shares Rise 107%
1111
ر.س199.00
Saudi Tadawul Group Holding
7D
4.2%
1Y
-18.4%
1211
ر.س61.80
Saudi Arabian Mining Company (Ma'aden)
7D
-2.8%
1Y
14.4%

1211: Higher Discount Rates And Cost Pressures Will Limit Upside Potential

Narrative Update on Saudi Arabian Mining Company (Ma'aden) Analysts have modestly raised their price target for Ma'aden from SAR 54.08 to SAR 54.68, citing small improvements in projected revenue growth and profit margins. What's in the News Ivanhoe Electric Inc.
4030
ر.س31.16
National Shipping Company of Saudi Arabia
7D
1.8%
1Y
39.1%
1010
ر.س26.38
Riyad Bank
7D
-2.8%
1Y
3.2%
2222
ر.س25.76
Saudi Arabian Oil
7D
-0.5%
1Y
-6.5%
1120
ر.س102.50
Al Rajhi Banking and Investment
7D
-6.0%
1Y
15.3%
7203
ر.س828.50
Elm
7D
-12.6%
1Y
-24.5%

Elm Company's (TADAWUL:7203) Share Price Matching Investor Opinion

Oct 21
Elm Company's (TADAWUL:7203) Share Price Matching Investor Opinion
8210
ر.س159.10
Bupa Arabia for Cooperative Insurance
7D
4.5%
1Y
-18.4%

Bupa Arabia for Cooperative Insurance Company (TADAWUL:8210) Not Lagging Market On Growth Or Pricing

Oct 09
Bupa Arabia for Cooperative Insurance Company (TADAWUL:8210) Not Lagging Market On Growth Or Pricing
4071
ر.س119.30
Arabian Contracting Services
7D
11.9%
1Y
-22.8%

Further Upside For Arabian Contracting Services Company (TADAWUL:4071) Shares Could Introduce Price Risks After 27% Bounce

Oct 06
Further Upside For Arabian Contracting Services Company (TADAWUL:4071) Shares Could Introduce Price Risks After 27% Bounce
7202
ر.س240.60
Arabian Internet and Communication Services
7D
-7.8%
1Y
-8.4%

Arabian Internet and Communication Services Company's (TADAWUL:7202) Shares Not Telling The Full Story

Sep 09
Arabian Internet and Communication Services Company's (TADAWUL:7202) Shares Not Telling The Full Story
2010
ر.س58.75
Saudi Basic Industries
7D
-2.9%
1Y
-19.0%

Fujian Project And Digital Shifts Will Drive Future Value

With both revenue growth and future P/E forecasts holding steady, analysts have effectively maintained their fair value estimate for Saudi Basic Industries, with the consensus price target unchanged at SAR64.38. What's in the News SABIC will distribute interim cash dividends totaling SAR 4.5 billion at SAR 1.50 per share for H1 2025.