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Emirati (ADX) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies150
  • 7D-1.7%
  • 3M-3.1%
  • 1Y7.6%
  • YTD4.6%

Over the last 7 days, the market has dropped 1.7%, driven by losses in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 7.6% over the past year. Looking forward, earnings are forecast to grow by 6.2% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025د.إ3.9tد.إ1.1tد.إ251.2b11.7x15.3x3.4x
Thu, 16 Oct 2025د.إ3.9tد.إ1.1tد.إ241.0b12.6x16.3x3.6x
Sat, 13 Sep 2025د.إ3.9tد.إ1.1tد.إ236.4b12.7x16.4x3.6x
Mon, 11 Aug 2025د.إ4.0tد.إ1.1tد.إ243.2b13.2x16.5x3.7x
Wed, 09 Jul 2025د.إ3.9tد.إ1.0tد.إ240.2b12.9x16.3x3.8x
Fri, 06 Jun 2025د.إ3.8tد.إ1.0tد.إ240.3b12.6x15.9x3.7x
Sun, 04 May 2025د.إ3.8tد.إ1.0tد.إ245.5b12.7x15.7x3.8x
Tue, 01 Apr 2025د.إ3.7tد.إ1.0tد.إ238.0b13x15.5x3.7x
Thu, 27 Feb 2025د.إ3.7tد.إ976.1bد.إ234.3b13.1x15.9x3.8x
Sat, 25 Jan 2025د.إ3.7tد.إ936.0bد.إ237.6b13.4x15.7x4x
Mon, 23 Dec 2024د.إ3.6tد.إ928.2bد.إ235.9b12.5x15.4x3.9x
Wed, 20 Nov 2024د.إ3.5tد.إ894.6bد.إ231.6b12.9x15x3.9x
Fri, 18 Oct 2024د.إ3.5tد.إ847.0bد.إ228.3b13.3x15.2x4.1x
Sun, 15 Sep 2024د.إ3.4tد.إ849.5bد.إ229.1b13.5x14.9x4x
Tue, 13 Aug 2024د.إ3.3tد.إ828.6bد.إ228.0b13.2x14.7x4x
Thu, 11 Jul 2024د.إ3.3tد.إ787.6bد.إ216.3b13.3x15.3x4.2x
Sat, 08 Jun 2024د.إ3.2tد.إ781.7bد.إ215.0b13.1x15x4.1x
Mon, 06 May 2024د.إ3.3tد.إ764.8bد.إ225.0b14x14.6x4.3x
Wed, 03 Apr 2024د.إ3.4tد.إ737.7bد.إ221.2b14.4x15.4x4.6x
Fri, 01 Mar 2024د.إ3.4tد.إ739.6bد.إ220.8b15.3x15.3x4.6x
Sun, 28 Jan 2024د.إ3.4tد.إ658.3bد.إ189.4b15.7x18.1x5.2x
Tue, 26 Dec 2023د.إ3.4tد.إ653.9bد.إ188.1b15.1x18x5.2x
Thu, 23 Nov 2023د.إ3.4tد.إ650.0bد.إ187.3b15.2x17.9x5.2x
Sat, 21 Oct 2023د.إ3.2tد.إ627.5bد.إ190.3b14.8x17x5.2x
Mon, 18 Sep 2023د.إ3.5tد.إ616.4bد.إ187.5b15.5x18.7x5.7x
Wed, 16 Aug 2023د.إ3.5tد.إ614.2bد.إ187.8b16.3x18.6x5.7x
Fri, 14 Jul 2023د.إ3.4tد.إ601.8bد.إ182.5b16.2x18.7x5.7x
Sun, 11 Jun 2023د.إ3.3tد.إ664.3bد.إ195.5b15.4x16.7x4.9x
Tue, 09 May 2023د.إ3.3tد.إ655.9bد.إ184.1b15.7x18.2x5.1x
Thu, 06 Apr 2023د.إ3.3tد.إ642.3bد.إ176.2b15x18.5x5.1x
Sat, 04 Mar 2023د.إ3.1tد.إ563.5bد.إ161.4b14.2x19x5.4x
Mon, 30 Jan 2023د.إ3.0tد.إ558.6bد.إ152.8b13.1x19.8x5.4x
Wed, 28 Dec 2022د.إ3.1tد.إ554.4bد.إ153.2b13.7x20.5x5.7x
Fri, 25 Nov 2022د.إ3.0tد.إ544.6bد.إ152.2b13.4x20x5.6x
Price to Earnings Ratio

20x


Total Market Cap: د.إ3.0tTotal Earnings: د.إ152.2bTotal Revenue: د.إ544.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Market Price to Earnings3Y Average 16.8x202320242025
Current Market PE
  • Investors are relatively neutral on the Emirian 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 16.8x.
Past Earnings Growth
  • The earnings for Emirian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 28% 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-1.71%
Consumer Discretionary-0.28%
Materials-0.29%
Industrials-0.94%
Utilities-0.96%
Real Estate-1.11%
Energy-1.92%
Financials-2.89%
Telecom-2.93%
Consumer Staples-4.14%
Healthcare-4.42%
Tech-15.45%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 27.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 3.3%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 62% per year.
  • In contrast, the Telecom 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
TAQA Abu Dhabi National Energy Company PJSCد.إ3.503.9%
+د.إ14.6b		23.2%PE59.4xUtilities
ADNOCDIST Abu Dhabi National Oil Company for Distribution PJSCد.إ3.814.4%
+د.إ2.0b		6.7%PE17.6xConsumer Discretionary
EMAAR Emaar Properties PJSCد.إ13.500.7%
+د.إ883.9m		43.2%PE7.3xReal Estate
MASQ Mashreqbank PSCد.إ240.901.7%
+د.إ792.4m		4.3%PB1.3xFinancials
LULU Lulu Retail Holdingsد.إ1.225.2%
+د.إ619.7m		-40.5%PE15.1xConsumer Staples
See more

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