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Moroccan (MASI) Market Analysis & Valuation

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies75
  • 7D1.2%
  • 3M-4.3%
  • 1Y-0.3%
  • YTD-7.9%

The market is up 1.2% over the last week, with the Materials sector leading the way, up 4.3%. The market has been flat overall in the last year. Looking forward, earnings are forecast to grow by 18% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026د.م962.7bد.م343.2bد.م46.5b21.1x20.7x2.8x
Sun, 22 Feb 2026د.م1.0tد.م342.5bد.م46.2b22x22.1x3x
Tue, 20 Jan 2026د.م1.0tد.م341.4bد.م46.4b23.7x22.5x3.1x
Thu, 18 Dec 2025د.م1.0tد.م325.7bد.م45.0b23.3x22.4x3.1x
Sat, 15 Nov 2025د.م968.9bد.م324.9bد.م44.8b22.7x21.6x3x
Mon, 13 Oct 2025د.م966.1bد.م317.9bد.م44.4b21.9x21.8x3x
Wed, 10 Sep 2025د.م1.0tد.م311.2bد.م43.4b24.3x23.4x3.3x
Fri, 08 Aug 2025د.م1.0tد.م311.2bد.م43.3b24.6x23.7x3.3x
Sun, 06 Jul 2025د.م962.8bد.م309.7bد.م37.3b24.1x25.8x3.1x
Tue, 03 Jun 2025د.م939.8bد.م310.2bد.م37.1b24.5x25.4x3x
Thu, 01 May 2025د.م891.8bد.م293.5bد.م33.3b23x26.8x3x
Sat, 29 Mar 2025د.م909.7bد.م299.4bد.م34.6b23.7x26.3x3x
Mon, 24 Feb 2025د.م849.8bد.م297.8bد.م33.6b24.2x25.3x2.9x
Wed, 22 Jan 2025د.م791.3bد.م297.1bد.م32.8b23.2x24.2x2.7x
Fri, 20 Dec 2024د.م742.7bد.م299.1bد.م32.8b22.2x22.6x2.5x
Sun, 17 Nov 2024د.م746.7bد.م294.1bد.م32.1b22.7x23.3x2.5x
Tue, 15 Oct 2024د.م716.0bد.م294.1bد.م32.1b22.1x22.3x2.4x
Thu, 12 Sep 2024د.م708.7bد.م291.1bد.م30.1b23.2x23.5x2.4x
Sat, 10 Aug 2024د.م705.1bد.م291.1bد.م30.0b22.3x23.5x2.4x
Mon, 08 Jul 2024د.م684.4bد.م290.7bد.م34.0b22x20.2x2.4x
Wed, 05 Jun 2024د.م676.5bد.م290.4bد.م33.9b22.1x19.9x2.3x
Fri, 03 May 2024د.م682.9bد.م291.2bد.م33.1b21.9x20.6x2.3x
Sun, 31 Mar 2024د.م660.5bد.م281.5bد.م32.1b23x20.6x2.3x
Tue, 27 Feb 2024د.م667.3bد.م282.7bد.م32.6b22.8x20.5x2.4x
Thu, 25 Jan 2024د.م649.4bد.م283.1bد.م32.7b22.2x19.9x2.3x
Sat, 23 Dec 2023د.م620.5bد.م282.8bد.م32.0b20.7x19.4x2.2x
Mon, 20 Nov 2023د.م602.7bد.م275.7bد.م30.2b20.2x20x2.2x
Wed, 18 Oct 2023د.م616.0bد.م275.0bد.م29.7b20.6x20.7x2.2x
Fri, 15 Sep 2023د.م598.1bد.م270.1bد.م29.9b20x20x2.2x
Sun, 13 Aug 2023د.م612.8bد.م259.6bد.م29.2b21.3x21x2.4x
Tue, 11 Jul 2023د.م589.0bد.م258.7bد.م26.8b20.7x22x2.3x
Thu, 08 Jun 2023د.م561.9bد.م255.5bد.م26.6b21.4x21.1x2.2x
Sat, 06 May 2023د.م530.3bد.م251.3bد.م27.0b19.5x19.6x2.1x
Mon, 03 Apr 2023د.م534.3bد.م239.6bد.م26.8b18.2x19.9x2.2x
Price to Earnings Ratio

19.9x


Total Market Cap: د.م534.3bTotal Earnings: د.م26.8bTotal Revenue: د.م239.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Price to Earnings3Y Average 22.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Moroccan 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 22.1x.
Past Earnings Growth
  • The earnings for Moroccan listed companies have grown 20% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Moroccan Market?

MA Market1.24%
Consumer Staples4.37%
Materials4.35%
Real Estate2.13%
Healthcare2.09%
Utilities1.58%
Industrials1.27%
Telecom0.31%
Tech-0.065%
Financials-0.49%
Energy-2.56%
Consumer Discretionary-2.73%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 34.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.1%, which is higher than its past year's earnings growth of 24.3% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 31.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MNG Managemد.م8.48k7.3%
+د.م6.9b		63.0%PE135.7xMaterials
LES Lesieur Cristalد.م425.0019.7%
+د.م1.9b		41.7%PS2.1xConsumer Staples
SAH Sanlam Marocد.م2.50k15.0%
+د.م1.3b		38.9%PE15.1xFinancials
TGC Travaux Généraux de Construction de Casablancaد.م750.004.2%
+د.م1.0b		4.9%PE38.3xIndustrials
CMT Compagnie Minière de Touissitد.م3.50k14.8%
+د.م756.6m		79.5%PS9.1xMaterials
See more

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Latest News

CMT
د.م3,500.00
Compagnie Minière de Touissit
7D
14.8%
1Y
79.5%
SAH
د.م2,500.00
Sanlam Maroc
7D
15.0%
1Y
38.9%
CIH
د.م361.00
Crédit Immobilier et Hôtelier Société Anonyme
7D
-2.4%
1Y
-16.0%
GAZ
د.م3,800.00
Afriquia Gaz
7D
-2.6%
1Y
-12.6%
TGC
د.م750.00
Travaux Généraux de Construction de Casablanca
7D
4.2%
1Y
4.9%
AFM
د.م1,114.00
AFMA
7D
-13.6%
1Y
-8.2%
LHM
د.م1,740.00
LafargeHolcim Maroc
7D
-0.6%
1Y
-8.9%
TQM
د.م1,864.00
TAQA Morocco
7D
1.6%
1Y
-17.9%
ADI
د.م429.90
Alliances Developpement Immobilier
7D
7.5%
1Y
-20.5%
AKT
د.م1,130.00
Akdital
7D
3.6%
1Y
-9.2%
SOT
د.م1,605.00
Société de Therapeutique Marocaine
7D
-1.4%
1Y
40.9%
TMA
د.م1,500.00
TotalEnergies Marketing Maroc
7D
-5.1%
1Y
-12.8%
MNG
د.م8,480.00
Managem
7D
7.3%
1Y
63.0%
BOA
د.م208.00
Bank of Africa
7D
-5.2%
1Y
7.2%
BCP
د.م245.00
Banque Centrale Populaire
7D
-3.2%
1Y
-12.8%
LES
د.م425.00
Lesieur Cristal
7D
19.7%
1Y
41.7%