aismaeel/dataBeta
GCC valuation database · industry averages from audited accounts
Datasets / EV Multiples / Saudi Arabia

EV Multiples

Enterprise value against revenue, EBITDA and book capital, which removes differences in debt.

Download FY2018–FY2025CSV
How is each business valued, debt included?
FY2025 · industries and their companies
0×2×4×6×8×10×12×14×Telecomstc (7010): 8.5×Mobily (7020): 7.4×Zain KSA (7030): 4.9×Telecom: 7.9×7.9×MillsFirst Milling (2283): 9.1×Modern Mills (2284): 9.6×Arabian Mills (2285): 6.9×Fourth Milling (2286): 8.3×Mills: 8.5×8.5×Car RentalBudget Saudi (4260): 5.3×Theeb (4261): 6.4×Lumi (4262): 5.6×Car Rental: 5.7×5.7×ManpowerMaharah (1831): 10.8×Al Mawarid (1833): 7.3×SMASCO (1834): 9.9×Tamkeen (1835): 11.4×Manpower: 9.8×9.8×
IndustryCompanyEV/EBITDA at year-end prices.

FY2025 by industry

IndustryEV/RevenueEV/EBITDAEV/Book capital
2.7×7.9×2.5×
stc70102.8×8.5×2.5×
Mobily70202.9×7.4×2.8×
Zain KSA70301.7×4.9×1.7×
3.0×8.5×3.4×
First Milling22833.2×9.1×3.4×
Modern Mills22842.9×9.6×9.5×
Arabian Mills22852.7×6.9×2.2×
Fourth Milling22863.4×8.3×2.8×
2.5×5.7×2.7×
Budget Saudi42602.2×5.3×1.8×
Theeb42613.0×6.4×4.9×
Lumi42622.6×5.6×3.1×
0.8×9.8×3.0×
Maharah18310.8×10.8×2.9×
Al Mawarid18330.5×7.3×2.7×
SMASCO18341.0×9.9×3.3×
Tamkeen18351.2×11.4×3.5×
All covered industries2.6×7.8×–

Industry rows add company figures first, then take the ratio, so larger companies weigh more. A dash means not every company was listed at that year end, or the figure is being corrected for a share-count change (stc before FY2022, Zain KSA before FY2020).

Definitions

Enterprise value
Market value + interest-bearing debt − cash and equivalents.