Have your own idea? Try our Stock Screener
Moroccan (MASI) Market Analysis & Valuation
UpdatedJun 12, 2026
DataAggregated Company Financials
Companies74
- 7D-6.3%
- 3M7.3%
- 1Y-1.9%
- YTD-4.4%
Over the last 7 days, the market has dropped 6.3%, driven by a decline of 15% in the Materials sector. Overall the market has been flat in the last year. Looking forward, earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 13 Jun 2026 | د.م998.6b | د.م356.3b | د.م52.4b | 19.4x | 19.1x | 2.8x |
| Mon, 11 May 2026 | د.م1.1t | د.م347.8b | د.م49.1b | 20.4x | 21.8x | 3.1x |
| Wed, 08 Apr 2026 | د.م970.0b | د.م346.2b | د.م47.4b | 20.3x | 20.5x | 2.8x |
| Fri, 06 Mar 2026 | د.م959.0b | د.م341.8b | د.م46.3b | 20.4x | 20.7x | 2.8x |
| Sun, 01 Feb 2026 | د.م1.0t | د.م341.5b | د.م46.4b | 23x | 22.2x | 3x |
| Tue, 30 Dec 2025 | د.م999.4b | د.م339.8b | د.م46.2b | 22.9x | 21.7x | 2.9x |
| Thu, 27 Nov 2025 | د.م961.3b | د.م325.2b | د.م44.9b | 22.2x | 21.4x | 3x |
| Sat, 25 Oct 2025 | د.م1.0t | د.م322.1b | د.م44.6b | 22.3x | 22.6x | 3.1x |
| Mon, 22 Sep 2025 | د.م1.0t | د.م311.5b | د.م43.3b | 24.9x | 23.9x | 3.3x |
| Wed, 20 Aug 2025 | د.م1.0t | د.م311.2b | د.م43.3b | 25.2x | 23.5x | 3.3x |
| Fri, 18 Jul 2025 | د.م978.5b | د.م309.7b | د.م37.3b | 24.3x | 26.2x | 3.2x |
| Sun, 15 Jun 2025 | د.م951.1b | د.م313.4b | د.م37.4b | 24.2x | 25.4x | 3x |
| Tue, 13 May 2025 | د.م928.6b | د.م313.1b | د.م36.3b | 23.4x | 25.6x | 3x |
| Thu, 10 Apr 2025 | د.م819.7b | د.م299.7b | د.م34.4b | 21.4x | 23.8x | 2.7x |
| Sat, 08 Mar 2025 | د.م842.8b | د.م300.5b | د.م34.2b | 23.6x | 24.6x | 2.8x |
| Mon, 03 Feb 2025 | د.م817.2b | د.م297.1b | د.م32.8b | 23.6x | 24.9x | 2.8x |
| Wed, 01 Jan 2025 | د.م741.5b | د.م297.0b | د.م32.8b | 23x | 22.6x | 2.5x |
| Fri, 29 Nov 2024 | د.م745.9b | د.م294.1b | د.م32.2b | 21.4x | 23.1x | 2.5x |
| Sun, 27 Oct 2024 | د.م719.0b | د.م294.1b | د.م32.1b | 21.8x | 22.4x | 2.4x |
| Tue, 24 Sep 2024 | د.م724.0b | د.م290.4b | د.م30.2b | 24.3x | 24x | 2.5x |
| Thu, 22 Aug 2024 | د.م711.3b | د.م291.2b | د.م30.0b | 23.1x | 23.7x | 2.4x |
| Sat, 20 Jul 2024 | د.م694.2b | د.م290.7b | د.م34.0b | 21.9x | 20.4x | 2.4x |
| Mon, 17 Jun 2024 | د.م673.5b | د.م291.3b | د.م34.0b | 22.2x | 19.8x | 2.3x |
| Wed, 15 May 2024 | د.م690.0b | د.م290.3b | د.م33.0b | 22x | 20.9x | 2.4x |
| Fri, 12 Apr 2024 | د.م675.0b | د.م286.3b | د.م32.6b | 22.4x | 20.7x | 2.4x |
| Sun, 10 Mar 2024 | د.م655.7b | د.م281.3b | د.م32.3b | 22.3x | 20.3x | 2.3x |
| Tue, 06 Feb 2024 | د.م630.3b | د.م283.7b | د.م32.7b | 21.8x | 19.3x | 2.2x |
| Thu, 04 Jan 2024 | د.م624.2b | د.م282.8b | د.م32.7b | 21.2x | 19.1x | 2.2x |
| Sat, 02 Dec 2023 | د.م592.8b | د.م278.0b | د.م31.4b | 20.2x | 18.9x | 2.1x |
| Mon, 30 Oct 2023 | د.م605.0b | د.م275.4b | د.م30.1b | 20.8x | 20.1x | 2.2x |
| Wed, 27 Sep 2023 | د.م599.6b | د.م273.4b | د.م30.6b | 20.6x | 19.6x | 2.2x |
| Fri, 25 Aug 2023 | د.م605.3b | د.م264.7b | د.م29.4b | 20.9x | 20.6x | 2.3x |
| Sun, 23 Jul 2023 | د.م601.8b | د.م258.7b | د.م26.8b | 21x | 22.5x | 2.3x |
| Tue, 20 Jun 2023 | د.م582.0b | د.م263.1b | د.م27.1b | 21x | 21.5x | 2.2x |
Price to Earnings Ratio
21.5x
Current Market PE
- Investors are pessimistic on the Moroccan market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 19.1x which is lower than its 3-year average PE of 22.2x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 25% per year over the last three years.
- Revenues for these companies have grown 11% 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 Market | -6.33% | |
| Consumer Discretionary | 0.61% | |
| Tech | -2.03% | |
| Energy | -2.09% | |
| Telecom | -2.18% | |
| Financials | -2.71% | |
| Utilities | -2.86% | |
| Industrials | -3.13% | |
| Consumer Staples | -3.56% | |
| Healthcare | -4.58% | |
| Real Estate | -5.79% | |
| Materials | -15.22% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading close to its 3-year average PE ratio of 38.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 12.5% which is higher than its past year's earnings decline of 5.7% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 30.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings growth rate of 29% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 6.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TQM TAQA Morocco | د.م1.75k | 1.7% +د.م684.1m | -40.7% | PE41.5x | Utilities | |
| TMA TotalEnergies Marketing Maroc | د.م1.57k | 4.5% +د.م600.3m | -16.1% | PE16.5x | Consumer Discretionary | |
| NEJ Auto Nejma Maroc | د.م4.83k | 12.3% +د.م543.4m | 134.2% | PE15.3x | Consumer Discretionary | |
| AKT Akdital | د.م1.17k | 1.7% +د.م269.0m | -20.8% | PE37.3x | Healthcare | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م620.00 | 3.3% +د.م265.6m | 2.5% | PB1.1x | Financials |
