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Emirati (ADX) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies153
  • 7D-0.9%
  • 3M-8.4%
  • 1Y1.8%
  • YTD-8.3%

The market has been flat in the last week, however the Utilities sector is down 6.5%. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 4.8% annually.

Market Valuation and Performance

Has the Emirati Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026د.إ3.6tد.إ1.2tد.إ267.8b10.6x13.3x3x
Tue, 03 Mar 2026د.إ4.0tد.إ1.2tد.إ266.3b11.1x15x3.4x
Thu, 29 Jan 2026د.إ4.0tد.إ1.1tد.إ256.7b12.2x15.5x3.5x
Sat, 27 Dec 2025د.إ3.9tد.إ1.1tد.إ255.1b11.7x15.4x3.4x
Mon, 24 Nov 2025د.إ3.8tد.إ1.1tد.إ254.8b11.7x14.8x3.3x
Wed, 22 Oct 2025د.إ3.9tد.إ1.1tد.إ241.1b12.5x16.2x3.6x
Fri, 19 Sep 2025د.إ3.9tد.إ1.1tد.إ240.5b12.6x16.2x3.6x
Sun, 17 Aug 2025د.إ4.0tد.إ1.1tد.إ239.3b13.2x16.7x3.7x
Tue, 15 Jul 2025د.إ3.9tد.إ1.0tد.إ240.4b13.1x16.3x3.8x
Thu, 12 Jun 2025د.إ3.9tد.إ1.0tد.إ240.3b12.4x16.1x3.7x
Sat, 10 May 2025د.إ3.9tد.إ1.0tد.إ240.7b12.7x16x3.7x
Mon, 07 Apr 2025د.إ3.7tد.إ1.0tد.إ237.8b12.6x15.4x3.7x
Wed, 05 Mar 2025د.إ3.7tد.إ994.5bد.إ235.8b13.1x15.7x3.7x
Fri, 31 Jan 2025د.إ3.7tد.إ941.0bد.إ238.9b13.3x15.5x3.9x
Sun, 29 Dec 2024د.إ3.6tد.إ928.2bد.إ235.8b13.1x15.5x3.9x
Tue, 26 Nov 2024د.إ3.4tد.إ922.4bد.إ232.5b12.9x14.8x3.7x
Thu, 24 Oct 2024د.إ3.4tد.إ848.9bد.إ229.4b13.5x15x4.1x
Sat, 21 Sep 2024د.إ3.5tد.إ849.5bد.إ229.1b13.6x15.2x4.1x
Mon, 19 Aug 2024د.إ3.4tد.إ833.5bد.إ228.9b13.4x14.7x4.1x
Wed, 17 Jul 2024د.إ3.3tد.إ787.6bد.إ216.3b13.4x15.4x4.2x
Fri, 14 Jun 2024د.إ3.3tد.إ781.8bد.إ214.9b13.1x15.2x4.2x
Sun, 12 May 2024د.إ3.3tد.إ773.8bد.إ224.8b13.9x14.8x4.3x
Tue, 09 Apr 2024د.إ3.4tد.إ736.3bد.إ220.5b14.1x15.3x4.6x
Thu, 07 Mar 2024د.إ3.4tد.إ742.6bد.إ221.9b15.3x15.3x4.6x
Sat, 03 Feb 2024د.إ3.4tد.إ657.7bد.إ192.4b15.6x17.7x5.2x
Mon, 01 Jan 2024د.إ3.5tد.إ653.9bد.إ188.1b15.1x18.4x5.3x
Wed, 29 Nov 2023د.إ3.4tد.إ650.0bد.إ187.3b15.4x17.9x5.2x
Fri, 27 Oct 2023د.إ3.2tد.إ633.6bد.إ185.2b14.9x17.4x5.1x
Sun, 24 Sep 2023د.إ3.5tد.إ616.3bد.إ187.5b16.2x18.8x5.7x
Tue, 22 Aug 2023د.إ3.5tد.إ616.2bد.إ187.4b16x18.6x5.7x
Thu, 20 Jul 2023د.إ3.4tد.إ601.9bد.إ182.6b16x18.8x5.7x
Sat, 17 Jun 2023د.إ3.3tد.إ664.3bد.إ195.4b16x16.9x5x
Mon, 15 May 2023د.إ3.3tد.إ662.1bد.إ185.6b16.7x17.9x5x
Wed, 12 Apr 2023د.إ3.2tد.إ642.3bد.إ176.2b15.6x18.4x5.1x
Price to Earnings Ratio

18.4x


Total Market Cap: د.إ3.2tTotal Earnings: د.إ176.2bTotal Revenue: د.إ642.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.2x202420252026
Current Market PE
  • Investors are pessimistic on the Emirian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 16.2x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Emirati Market?

AE Market-0.88%
Materials1.54%
Telecom1.32%
Financials0.26%
Industrials0.01%
Consumer Discretionary-0.43%
Energy-0.48%
Healthcare-1.18%
Real Estate-1.34%
Tech-3.72%
Consumer Staples-5.63%
Utilities-6.54%
Sector PE
  • Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 7.5%, which is lower than the prior year's growth of 9.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Materials sector is expected to see its earnings decline by 8.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
EMIRATESNBD Emirates NBD Bank PJSCد.إ28.202.2%
+د.إ3.8b		47.3%PB1.2xFinancials
DEWA Dubai Electricity and Water Authority (PJSC)د.إ2.722.6%
+د.إ3.5b		12.9%PE16.3xUtilities
IHC International Holding Company PJSCد.إ391.500.4%
+د.إ3.1b		-4.0%PE44xIndustrials
EAND Emirates Telecommunications Group Company PJSCد.إ19.001.2%
+د.إ1.9b		13.2%PE11.5xTelecom
ADNOCLS ADNOC Logistics & Servicesد.إ5.214.2%
+د.إ1.6b		17.1%PE12.5xEnergy
See more

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Emaar Properties PJSC
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