Tadawul-listed firms trade at operating P/E of 20.32x TTM in Q3 2025

Last Updated Date (17/11/2025) Argaam Report

Tadawul-listed firms – excluding Saudi Arabian Oil Co. (Saudi Aramco) – traded at an operating price-to-earnings ratio (P/E) of 20.32x, trailing twelve months (TTM), in Q3 2025, according to a study by Argaam.

 

Tadawul’s P/E ratio stood at 18

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