EMAAR EC

Emaar, The Economic City

4220StocksTadawulReal Estate

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	8.87B	8.84B	9.92B	9.01B	9.45B
Market Cap Growth	+31.3%	-10.9%	+10.1%	-4.7%	-30.2%
Enterprise Value	13.17B	17.04B	17.69B	15.53B	15.56B
Last Close Price	10.05	10.01	18.95	17.22	18.06
Valuation Multiples
Forward PE (Next 12M Est.)	—	22.44	22.44	22.44	22.44
PEG Ratio	—	1.37	1.37	1.37	1.37
PS Ratio	8.13	7.77	23.28	8.74	26.02
PB Ratio	0.97	0.95	1.88	1.41	1.42
P/TBV Ratio	0.97	0.95	1.88	1.41	1.42
P/FCF Ratio	—	—	—	—	—
P/OCF Ratio	—	—	—	—	—
EV/Sales Ratio	12.06	14.97	41.53	15.06	42.85
EV/EBITDA Ratio	145.37	57.73	—	38.19	—
EV/EBIT Ratio	—	408.26	—	95.90	—
EV/FCF Ratio	—	—	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.51	0.50	1.54	1.09	0.95
Debt / EBITDA Ratio	26.36	15.04	—	16.73	—
Debt / FCF Ratio	—	—	—	—	—
Net Debt / Equity Ratio	0.47	0.44	1.49	1.06	0.94
Net Debt / EBITDA Ratio	26.06	14.06	-50.61	16.74	-13.13
Net Debt / FCF Ratio	-22.34	-22.18	-15.89	-17.09	-27.26
Efficiency & Liquidity
Asset Turnover	0.07	0.07	0.03	0.07	0.02
Inventory Turnover	0.81	0.80	0.66	0.73	0.65
Quick Ratio	0.57	0.59	0.10	0.11	0.07
Current Ratio	1.02	1.06	0.21	0.22	0.18
Returns & Yields
Return on Equity (ROE)	-0.9%	-0.1%	-19.4%	-3.9%	-16.0%
Return on Assets (ROA)	-0.4%	+0.2%	-1.6%	+0.7%	-2.9%
Return on Invested Capital (ROIC)	-0.7%	-0.2%	-3.0%	+1.2%	-5.6%
Return on Capital Employed (ROCE)	-0.7%	+0.3%	-7.1%	+2.5%	-10.9%
Earnings Yield	-0.7%	-0.1%	-11.4%	-2.8%	-12.2%
FCF Yield	-2.2%	-2.1%	-5.0%	-4.4%	-2.4%
Buyback Yield / Dilution	-18.9%	-1.7%	—	0.0%	-22.5%

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	8.87B	8.84B	9.92B	9.01B	9.45B
Market Cap Growth	+31.3%	-10.9%	+10.1%	-4.7%	-30.2%
Enterprise Value	13.17B	17.04B	17.69B	15.53B	15.56B
Last Close Price	10.05	10.01	18.95	17.22	18.06
Valuation Multiples
Forward PE (Next 12M Est.)	—	22.44	22.44	22.44	22.44
PEG Ratio	—	1.37	1.37	1.37	1.37
PS Ratio	8.13	7.77	23.28	8.74	26.02
PB Ratio	0.97	0.95	1.88	1.41	1.42
P/TBV Ratio	0.97	0.95	1.88	1.41	1.42
P/FCF Ratio	—	—	—	—	—
P/OCF Ratio	—	—	—	—	—
EV/Sales Ratio	12.06	14.97	41.53	15.06	42.85
EV/EBITDA Ratio	145.37	57.73	—	38.19	—
EV/EBIT Ratio	—	408.26	—	95.90	—
EV/FCF Ratio	—	—	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.51	0.50	1.54	1.09	0.95
Debt / EBITDA Ratio	26.36	15.04	—	16.73	—
Debt / FCF Ratio	—	—	—	—	—
Net Debt / Equity Ratio	0.47	0.44	1.49	1.06	0.94
Net Debt / EBITDA Ratio	26.06	14.06	-50.61	16.74	-13.13
Net Debt / FCF Ratio	-22.34	-22.18	-15.89	-17.09	-27.26
Efficiency & Liquidity
Asset Turnover	0.07	0.07	0.03	0.07	0.02
Inventory Turnover	0.81	0.80	0.66	0.73	0.65
Quick Ratio	0.57	0.59	0.10	0.11	0.07
Current Ratio	1.02	1.06	0.21	0.22	0.18
Returns & Yields
Return on Equity (ROE)	-0.9%	-0.1%	-19.4%	-3.9%	-16.0%
Return on Assets (ROA)	-0.4%	+0.2%	-1.6%	+0.7%	-2.9%
Return on Invested Capital (ROIC)	-0.7%	-0.2%	-3.0%	+1.2%	-5.6%
Return on Capital Employed (ROCE)	-0.7%	+0.3%	-7.1%	+2.5%	-10.9%
Earnings Yield	-0.7%	-0.1%	-11.4%	-2.8%	-12.2%
FCF Yield	-2.2%	-2.1%	-5.0%	-4.4%	-2.4%
Buyback Yield / Dilution	-18.9%	-1.7%	—	0.0%	-22.5%