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companies tracked
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cumulative enterprise value
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median EV/NTM revenue multiple
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median NTM/LTM revenue growth
This chart shows the weighted market cap evolution over time, indexed to 0% at the beginning of the period
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Data as of November 23, 2025. Index data powered by FactSet and Morningstar, S&P 500 data sourced from Yahoo Finance.
This chart shows the weighted median evolution over time of key valuation metrics
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This chart shows the regression relationship between valuation metrics across companies in the index
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Data as of November 23, 2025. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.
This chart shows company rankings by selected metric within the index
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Data as of November 23, 2025. Companies with EV multiples above 50x are considered non-meaningful and excluded from calculation.
Compare key metrics between companies in the index
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Data as of November 23, 2025.
This chart shows the cumulative sum of selected metrics across all companies in the index over time
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Similar to NASDAQ 100 Index, 🇸🇦 Multiples Saudi Arabia Top 100 Index employs a modified market capitalization weighting scheme.
The weight process uses company-level weightss, which are derived using company enterprise value.
Company weights are evaluated based on two rules:
No company’s weight may exceed 24%.
The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.
If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.
If no company’s initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company’s weight may exceed 20% of the Index.
If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:
If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.
| Company | HQ | Stock Price | 1Y Perf. | Market Cap | EV/Revenue (LTM) | EV/Revenue (NTM) | Revenue Growth NTM/LTM | Gross Margin (NTM) | EBITDA Margin (NTM) | FCF Margin (NTM) | Rule of 40 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Saudi Aramco | Saudi Arabia | SAR 26 | -4.1% | $1664384.1405141947M | 3.8x | 4.2x | -9% | NaN% | 55% | 19% | 42% |
| Al Rajhi Bank | Saudi Arabia | SAR 99 | +20.1% | $106189.33549613792M | 11.1x | 9.8x | 14% | NaN% | NaN% | NaN% | n/a |
| Saudi National Bank | Saudi Arabia | SAR 38 | +20.5% | $59769.78596895782M | 8.9x | 8.2x | 8% | NaN% | NaN% | NaN% | n/a |
| Maaden | Saudi Arabia | SAR 61 | +13.8% | $63505.1107641584M | 7.1x | 6.7x | 5% | 47% | 42% | 21% | 46% |
| Saudi Electricity | Saudi Arabia | SAR 14 | -2.3% | $15816.008348913716M | 2.6x | 2.5x | 2% | 18% | 43% | -12% | 40% |
| stc Group | Saudi Arabia | SAR 43 | +7.2% | $57275.276752821745M | 2.7x | 2.6x | 5% | 47% | 32% | 15% | 36% |
| ACWA POWER | Saudi Arabia | SAR 210 | -47.1% | $42945.77885752219M | 23.5x | 20.1x | 17% | 76% | 61% | 41% | 78% |
| Alinma Bank | Saudi Arabia | SAR 25 | -7.8% | $16411.809456721418M | 15.3x | 14.3x | 7% | NaN% | NaN% | NaN% | n/a |
| Saudi Basic Industries | Saudi Arabia | SAR 57 | -16.0% | $45286.62837335294M | 1.2x | 1.2x | 1% | 19% | 15% | 5% | 15% |
| Riyad Bank | Saudi Arabia | SAR 26 | +5.8% | $20702.782828232088M | 6.3x | 5.9x | 6% | NaN% | NaN% | NaN% | n/a |
| Dr. Sulaiman Al Habib | Saudi Arabia | SAR 247 | -4.9% | $23039.722339546668M | 6.9x | 6.0x | 16% | 33% | 25% | 9% | 40% |
| Banque Saudi Fransi | Saudi Arabia | SAR 17 | +18.4% | $10972.199682258894M | 7.4x | 7.0x | 5% | NaN% | NaN% | NaN% | n/a |
| Saudi Awwal Bank | Saudi Arabia | SAR 31 | -4.3% | $17223.21296356153M | 5.0x | 4.7x | 7% | NaN% | NaN% | NaN% | n/a |
| ELM | Saudi Arabia | SAR 810 | -7.4% | $16802.67302793598M | 6.6x | 5.4x | 21% | 43% | 26% | 21% | 46% |
| Almarai | Saudi Arabia | SAR 47 | -10.0% | $12449.637012866344M | 2.7x | 2.5x | 7% | 32% | 25% | 5% | 31% |
| Mobily | Saudi Arabia | SAR 64 | +30.8% | $13173.630603489897M | 2.9x | 2.7x | 7% | 54% | 38% | 16% | 45% |
| Rabigh Refining | Saudi Arabia | SAR 8 | +10.2% | $4833.319876170798M | 1.4x | 1.3x | 6% | NaN% | 5% | 7% | 7% |
| Arab National | Saudi Arabia | SAR 22 | +28.3% | $11773.90941158247M | 4.7x | 4.4x | 6% | NaN% | NaN% | NaN% | n/a |
| SABIC Agri-Nutrient | Saudi Arabia | SAR 119 | +7.7% | $15058.223132157804M | 3.5x | 3.8x | -8% | 38% | 39% | 33% | 31% |
| Bank Albilad | Saudi Arabia | SAR 27 | -3.3% | $10875.19740601473M | 7.2x | 6.6x | 9% | NaN% | NaN% | NaN% | n/a |
| Kingdom Holding | Saudi Arabia | SAR 8 | -25.0% | $7864.817835399856M | 15.5x | 14.8x | 5% | NaN% | 47% | 26% | 52% |
| National Shipping Company | Saudi Arabia | SAR 31 | +35.3% | $7745.162130287991M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ades Holding | Saudi Arabia | SAR 17 | -14.5% | $5001.929440739234M | 4.8x | 3.6x | 33% | 26% | 49% | 21% | 86% |
| Jabal Omar Devlopment | Saudi Arabia | SAR 16 | -21.1% | $5030.504163135601M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| solutions by stc | Saudi Arabia | SAR 225 | -1.3% | $7149.812766274944M | 2.0x | 1.8x | 9% | 22% | 16% | 12% | 24% |
| Dar Alarkan Real Estate | Saudi Arabia | SAR 16 | +3.3% | $4690.589561598636M | 6.1x | 6.0x | 2% | NaN% | 40% | NaN% | 40% |
| Arabian Centres | Saudi Arabia | SAR 20 | +6.2% | $2573.6711997849716M | 8.6x | 9.0x | -4% | 82% | 72% | 52% | 62% |
| Bupa Arabia | Saudi Arabia | SAR 152 | -18.6% | $6082.262466765969M | 1.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Marafiq | Saudi Arabia | SAR 40 | -28.3% | $2656.0680949888697M | 3.3x | 3.3x | 1% | NaN% | 49% | NaN% | 41% |
| Tadawul Group | Saudi Arabia | SAR 186 | -16.7% | $5967.744555936802M | 14.7x | 12.8x | 15% | 61% | 41% | 43% | 53% |
| Riyadh Cables | Saudi Arabia | SAR 129 | +38.6% | $5167.580084320246M | 2.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zain Saudi Arabia | Saudi Arabia | SAR 11 | +8.8% | $2600.6041229391303M | 1.8x | 1.7x | 4% | 60% | 31% | 6% | 35% |
| Advanced Petrochemical | Saudi Arabia | SAR 33 | +4.0% | $2304.239175471751M | 5.1x | 3.5x | 48% | 30% | 28% | 17% | 73% |
| Dallah Healthcare | Saudi Arabia | SAR 142 | -3.7% | $3825.145465596762M | 4.4x | 3.9x | 13% | 37% | 21% | 7% | 34% |
| ALDREES Petroleum | Saudi Arabia | SAR 135 | +10.8% | $3603.710480638165M | 0.7x | 0.6x | 20% | -1% | 5% | 4% | 24% |
| Bank AlJazira | Saudi Arabia | SAR 12 | -4.0% | $4035.129681858452M | 3.9x | 3.5x | 13% | NaN% | NaN% | NaN% | n/a |
| Saudi Kayan Petrochemical | Saudi Arabia | SAR 6 | -24.2% | $2214.2798842143393M | 2.0x | 1.9x | 3% | -1% | 19% | 10% | 15% |
| Company for Cooperative Insurance | Saudi Arabia | SAR 125 | -3.1% | $4996.539509515991M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Makkah Construction | Saudi Arabia | SAR 88 | -5.4% | $4671.476548975399M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Saudi Investment Bank | Saudi Arabia | SAR 13 | +4.3% | $4344.587446054439M | 3.8x | 3.5x | 7% | NaN% | NaN% | NaN% | n/a |
| Jarir | Saudi Arabia | SAR 13 | +7.3% | $4225.150332410435M | 1.4x | 1.4x | 4% | 14% | 11% | 9% | 15% |
| Nahdi Medical | Saudi Arabia | SAR 109 | -6.0% | $3765.210098474172M | 1.5x | 1.4x | 8% | 38% | 17% | 7% | 25% |
| Luberef | Saudi Arabia | SAR 88 | -17.7% | $3972.6661468638367M | 1.8x | 1.8x | 0% | NaN% | 18% | NaN% | 14% |
| Mouwasat | Saudi Arabia | SAR 71 | -18.3% | $3787.900127426338M | 4.6x | 4.0x | 14% | 42% | 33% | 22% | 48% |
| Yansab | Saudi Arabia | SAR 31 | -13.3% | $4654.7927041576295M | 2.5x | 2.4x | 3% | 35% | 24% | 19% | 24% |
| Emaar the Economic City | Saudi Arabia | SAR 12 | -31.5% | $1638.4439827389085M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sahara Intl | Saudi Arabia | SAR 17 | -28.1% | $3368.9797534799127M | 2.0x | 1.9x | 1% | 22% | 20% | 2% | 17% |
| SAL Logistics | Saudi Arabia | SAR 164 | -36.3% | $3508.6793005561512M | 8.1x | 7.6x | 6% | 56% | 47% | NaN% | 55% |
| Electrical Industries | Saudi Arabia | SAR 12 | +44.7% | $3489.4261436364454M | NaNx | 4.9x | NaN% | 37% | 31% | 18% | NaN% |
| SRMG | Saudi Arabia | SAR 154 | -42.6% | $3288.719490478681M | 3.5x | 3.3x | 6% | 32% | 24% | 15% | 29% |
| Savola Gr | Saudi Arabia | SAR 27 | -74.7% | $2119.386743327991M | 0.5x | 0.5x | 5% | 19% | 9% | 2% | 14% |
| Taiba Investments | Saudi Arabia | SAR 35 | -10.4% | $2433.442047679317M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Arabian Drilling | Saudi Arabia | SAR 93 | -19.5% | $2217.7901651639977M | 3.2x | 3.0x | 6% | 27% | 38% | 14% | 43% |
| Astra Industrial Gr | Saudi Arabia | SAR 140 | -16.3% | $2987.609459207581M | 3.5x | 3.3x | 6% | 46% | 27% | NaN% | 34% |
| National Industralization | Saudi Arabia | SAR 11 | +8.2% | $1878.4608569279767M | 3.0x | 2.8x | 8% | NaN% | 24% | NaN% | 15% |
| Arabian Contracting Services | Saudi Arabia | SAR 115 | -25.8% | $1692.8096305901424M | 4.9x | 4.0x | 20% | 26% | 59% | 0% | 78% |
| Jamjoom Pharma | Saudi Arabia | SAR 150 | -7.7% | $2799.148748146059M | 6.9x | 6.0x | 15% | 62% | 33% | 26% | 48% |
| MBC Group | Saudi Arabia | SAR 33 | -17.1% | $2929.0157962075755M | 2.1x | 1.9x | 8% | 34% | 10% | 11% | 16% |
| Saudi Industrial Inv | Saudi Arabia | SAR 15 | -17.8% | $2725.440589507223M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Seera Group | Saudi Arabia | SAR 30 | +34.7% | $2219.153859661818M | 2.1x | 1.9x | 10% | 42% | 22% | 2% | 30% |
| Al-Rajhi Co | Saudi Arabia | SAR 102 | -34.2% | $2730.811719772476M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Dr. Soliman Abdul Kader | Saudi Arabia | SAR 38 | -26.8% | $2314.6498946380393M | 3.0x | 2.6x | 18% | 27% | 18% | -11% | 34% |
| Othaim Markets | Saudi Arabia | SAR 7 | -35.4% | $1679.329083977385M | 0.8x | 0.8x | 3% | 23% | 8% | 4% | 11% |
| Saudi Automotive Services | Saudi Arabia | SAR 63 | -11.5% | $1185.6207481299564M | 0.8x | 0.7x | 14% | 2% | 6% | 3% | 19% |
| Rasan | Saudi Arabia | SAR 117 | +49.9% | $2412.434896798598M | 14.1x | 10.3x | 37% | 69% | 38% | NaN% | 74% |
| Bin Dawood | Saudi Arabia | SAR 5 | -19.7% | $1574.3890347812016M | 1.4x | 1.3x | 7% | 36% | 14% | 8% | 21% |
| Catrion | Saudi Arabia | SAR 88 | -18.7% | $1926.2499872803703M | 3.2x | 2.7x | 16% | 30% | 20% | NaN% | 36% |
| Leejam Sports | Saudi Arabia | SAR 114 | -32.7% | $1597.534048998864M | 4.7x | 4.2x | 12% | 40% | 44% | 14% | 57% |
| Saudi Chemical | Saudi Arabia | SAR 7 | -36.6% | $1652.1245400882888M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Aldawaa Medical Services | Saudi Arabia | SAR 61 | -25.6% | $1381.822763186923M | 1.1x | 1.0x | 5% | 34% | 13% | 6% | 18% |
| United Electronics | Saudi Arabia | SAR 91 | -12.2% | $1851.055991582332M | 1.0x | 0.9x | 7% | 25% | 11% | 4% | 18% |
| Saudi Ground Services | Saudi Arabia | SAR 42 | -16.6% | $2101.748018272278M | 2.6x | 2.3x | 11% | 23% | 22% | NaN% | 33% |
| SADAFCO | Saudi Arabia | SAR 245 | -20.1% | $2094.0723957709947M | 2.3x | 2.2x | 5% | 33% | 19% | 10% | 23% |
| United International | Saudi Arabia | SAR 69 | -14.0% | $1444.965579188174M | 3.1x | 2.8x | 11% | 32% | 57% | 23% | 68% |
| Retal Urban Dev | Saudi Arabia | SAR 13 | -18.8% | $1705.140122941682M | 3.1x | 2.4x | 30% | NaN% | 14% | 13% | 45% |
| National Company for Learning & Education | Saudi Arabia | SAR 150 | -21.1% | $1721.77278519379M | 10.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| National Medical Care | Saudi Arabia | SAR 151 | -7.3% | $1801.3720761731597M | 4.3x | 3.8x | 12% | 36% | 30% | 13% | 41% |
| Saudi Real Est | Saudi Arabia | SAR 14 | -44.1% | $1357.3976143737088M | 3.0x | 2.3x | 27% | NaN% | 22% | NaN% | 57% |
| Almasane Alkobra Mining | Saudi Arabia | SAR 75 | +1.7% | $1803.837461535899M | 6.7x | 6.5x | 3% | 41% | 56% | NaN% | 61% |
| Yamama Cement Co | Saudi Arabia | SAR 24 | -14.5% | $1283.8218587273464M | 5.1x | 4.8x | 5% | NaN% | 45% | NaN% | 46% |
| Middle East Healthcare | Saudi Arabia | SAR 42 | -29.3% | $1028.4707821499283M | 2.0x | 1.7x | 14% | 38% | 20% | 6% | 35% |
| National Gas | Saudi Arabia | SAR 84 | -18.2% | $1672.7222814295483M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Saudi Cement | Saudi Arabia | SAR 37 | -4.8% | $1523.40854384844M | 3.7x | 3.6x | 3% | NaN% | 38% | 25% | 40% |
| Al Moammar Information | Saudi Arabia | SAR 155 | -19.9% | $1241.2780544420345M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Knowledge Economic City | Saudi Arabia | SAR 12 | -13.9% | $1093.21920893274M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Alkhorayef Water & Power | Saudi Arabia | SAR 141 | -6.3% | $1315.4877961914724M | 1.9x | 1.7x | 15% | NaN% | 20% | NaN% | 36% |
| Arriyadh Development | Saudi Arabia | SAR 27 | -2.2% | $1673.548711545003M | 16.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Saudi Re | Saudi Arabia | SAR 31 | +20.7% | $1401.5831623773925M | 3.0x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Hammadi | Saudi Arabia | SAR 30 | -12.6% | $1280.4650691500112M | 4.0x | 3.5x | 12% | 31% | 31% | 2% | 44% |
| Al-Babtain Power | Saudi Arabia | SAR 67 | +39.8% | $1138.5757132523127M | 1.7x | 1.6x | 9% | NaN% | 17% | 8% | 27% |
| National Agriculture | Saudi Arabia | SAR 19 | -21.4% | $1561.287438346097M | 1.4x | 1.3x | 3% | 36% | 21% | NaN% | 24% |
| Southern Province Cement | Saudi Arabia | SAR 23 | -24.5% | $873.7529737203586M | 5.0x | 4.8x | 3% | NaN% | 40% | 36% | 43% |
| Bawan | Saudi Arabia | SAR 51 | +27.2% | $820.8451650342487M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Qassim Cement | Saudi Arabia | SAR 42 | -19.3% | $1230.5862923060808M | 4.3x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| United International Holding | Saudi Arabia | SAR 158 | NaN% | $1053.0842848975972M | 5.4x | 4.4x | 24% | NaN% | NaN% | NaN% | n/a |
| Miahona | Saudi Arabia | SAR 21 | -14.6% | $889.2245677042536M | NaNx | 7.1x | NaN% | 18% | 29% | NaN% | NaN% |
| Almunajem Foods | Saudi Arabia | SAR 55 | -50.5% | $876.1020590707005M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Riyadh Cement | Saudi Arabia | SAR 23 | -6.7% | $749.5717799727383M | 3.3x | 3.2x | 3% | NaN% | NaN% | NaN% | n/a |
| Etihad Atheeb Telecom | Saudi Arabia | SAR 94 | -8.3% | $855.8653748172039M | 1.8x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Jahez Intl Co for Info | Saudi Arabia | SAR 17 | -25.1% | $919.4852209152563M | 1.1x | 0.9x | 14% | 29% | 10% | 6% | 23% |
Stock prices as of November 23, 2025. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
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