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Saudi Arabian (Tadawul) Market Analysis & Valuation
UpdatedApr 05, 2026
DataAggregated Company Financials
Companies389
- 7D2.0%
- 3M13.8%
- 1Y0.7%
- YTD11.9%
Over the last 7 days, the market has risen 2.0%, driven by gains of 2.3% in the Energy sector. As for last year, the market performance has been flat. Earnings are forecast to grow by 7.4% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | ر.س9.9t | ر.س2.8t | ر.س511.3b | 17.2x | 19.4x | 3.5x |
| Tue, 03 Mar 2026 | ر.س9.2t | ر.س2.8t | ر.س526.7b | 16.2x | 17.6x | 3.3x |
| Thu, 29 Jan 2026 | ر.س9.6t | ر.س2.8t | ر.س521.7b | 18.4x | 18.3x | 3.4x |
| Sat, 27 Dec 2025 | ر.س8.8t | ر.س2.8t | ر.س484.5b | 17.9x | 18.2x | 3.1x |
| Mon, 24 Nov 2025 | ر.س9.4t | ر.س2.8t | ر.س484.0b | 18.6x | 19.4x | 3.3x |
| Wed, 22 Oct 2025 | ر.س9.4t | ر.س2.9t | ر.س519.3b | 20.8x | 18.2x | 3.3x |
| Fri, 19 Sep 2025 | ر.س9.0t | ر.س2.8t | ر.س519.1b | 20.7x | 17.4x | 3.2x |
| Sun, 17 Aug 2025 | ر.س9.0t | ر.س2.8t | ر.س520.0b | 20.8x | 17.3x | 3.2x |
| Tue, 15 Jul 2025 | ر.س9.3t | ر.س2.9t | ر.س542.8b | 21.6x | 17.1x | 3.2x |
| Thu, 12 Jun 2025 | ر.س9.2t | ر.س2.9t | ر.س542.0b | 21.7x | 16.9x | 3.2x |
| Sat, 10 May 2025 | ر.س9.3t | ر.س2.9t | ر.س547.8b | 21.4x | 17x | 3.2x |
| Mon, 07 Apr 2025 | ر.س9.8t | ر.س2.9t | ر.س543.4b | 22.4x | 18x | 3.4x |
| Wed, 05 Mar 2025 | ر.س9.9t | ر.س2.9t | ر.س568.3b | 22.6x | 17.4x | 3.4x |
| Fri, 31 Jan 2025 | ر.س10.3t | ر.س2.9t | ر.س553.7b | 24.1x | 18.6x | 3.6x |
| Sun, 29 Dec 2024 | ر.س10.2t | ر.س2.9t | ر.س552.1b | 23.1x | 18.4x | 3.6x |
| Tue, 26 Nov 2024 | ر.س10.2t | ر.س2.9t | ر.س551.7b | 23.7x | 18.4x | 3.6x |
| Thu, 24 Oct 2024 | ر.س10.0t | ر.س2.9t | ر.س572.5b | 25.8x | 17.5x | 3.5x |
| Sat, 21 Sep 2024 | ر.س10.1t | ر.س2.9t | ر.س571.2b | 25.9x | 17.7x | 3.5x |
| Mon, 19 Aug 2024 | ر.س10.2t | ر.س2.9t | ر.س571.1b | 25.5x | 17.9x | 3.6x |
| Wed, 17 Jul 2024 | ر.س10.3t | ر.س2.8t | ر.س567.5b | 25.7x | 18.1x | 3.7x |
| Fri, 14 Jun 2024 | ر.س10.1t | ر.س2.8t | ر.س567.3b | 25.4x | 17.9x | 3.6x |
| Sun, 12 May 2024 | ر.س10.7t | ر.س2.8t | ر.س566.2b | 27.6x | 18.9x | 3.8x |
| Tue, 09 Apr 2024 | ر.س10.9t | ر.س2.8t | ر.س577.7b | 27.2x | 18.9x | 3.9x |
| Thu, 07 Mar 2024 | ر.س11.2t | ر.س2.9t | ر.س604.7b | 27.6x | 18.5x | 3.9x |
| Sat, 03 Feb 2024 | ر.س10.8t | ر.س2.9t | ر.س604.9b | 24.7x | 17.8x | 3.8x |
| Mon, 01 Jan 2024 | ر.س11.2t | ر.س2.8t | ر.س604.4b | 25x | 18.6x | 3.9x |
| Wed, 29 Nov 2023 | ر.س11.1t | ر.س2.8t | ر.س604.4b | 23.3x | 18.3x | 3.9x |
| Fri, 27 Oct 2023 | ر.س10.8t | ر.س3.0t | ر.س636.5b | 22.9x | 16.9x | 3.6x |
| Sun, 24 Sep 2023 | ر.س11.2t | ر.س3.0t | ر.س636.6b | 24.5x | 17.5x | 3.8x |
| Tue, 22 Aug 2023 | ر.س11.5t | ر.س3.0t | ر.س635.9b | 25.5x | 18.2x | 3.9x |
| Thu, 20 Jul 2023 | ر.س11.0t | ر.س3.2t | ر.س715.4b | 26x | 15.4x | 3.5x |
| Sat, 17 Jun 2023 | ر.س11.0t | ر.س3.2t | ر.س714.2b | 27.1x | 15.4x | 3.5x |
| Mon, 15 May 2023 | ر.س11.2t | ر.س3.2t | ر.س730.3b | 25.1x | 15.3x | 3.5x |
| Wed, 12 Apr 2023 | ر.س10.1t | ر.س3.2t | ر.س756.3b | 24.4x | 13.3x | 3.1x |
Price to Earnings Ratio
13.3x
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 17.6x.
Past Earnings Growth
- The earnings for companies in the Saudi industry have declined 12% per year over the last three years.
- Revenues have also declined 4.7% 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 | 2.02% | |
| Utilities | 3.76% | |
| Healthcare | 3.22% | |
| Energy | 2.27% | |
| Materials | 2.22% | |
| Consumer Staples | 1.98% | |
| Real Estate | 1.80% | |
| Industrials | 1.15% | |
| Financials | 0.99% | |
| Consumer Discretionary | 0.78% | |
| Telecom | 0.20% | |
| Tech | -1.30% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 57.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.4% which is higher than its past year's earnings decline of 0.6% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.2x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 57% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 4.4% per year 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 | |
|---|---|---|---|---|---|---|
| 2222 Saudi Arabian Oil | ر.س27.60 | 2.2% +ر.س145.1b | 4.9% | PE19.2x | Energy | |
| 1120 Al Rajhi Banking and Investment | ر.س106.40 | 2.0% +ر.س8.4b | 5.8% | PB3x | Financials | |
| 5110 Saudi Energy | ر.س17.25 | 7.8% +ر.س5.2b | 9.9% | PE17.9x | Utilities | |
| 2020 SABIC Agri-Nutrients | ر.س149.90 | 6.3% +ر.س4.2b | 44.1% | PE16.5x | Materials | |
| 1211 Saudi Arabian Mining Company (Maaden) | ر.س65.40 | 1.4% +ر.س3.5b | 48.5% | PE34.5x | Materials |