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Moroccan (MASI) Market Analysis & Valuation
UpdatedJan 01, 2026
DataAggregated Company Financials
Companies75
- 7D-0.3%
- 3M0.3%
- 1Y28.4%
- YTD28.2%
In the last week, the market has been flat, with a notable exception in the Utilities sector dropping 3.6%. Meanwhile, the market is actually up 28% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jan 2026 | د.م1.0t | د.م339.8b | د.م46.2b | 23.6x | 22.2x | 3x |
| Sat, 29 Nov 2025 | د.م966.7b | د.م325.2b | د.م44.9b | 21.5x | 21.5x | 3x |
| Mon, 27 Oct 2025 | د.م1.0t | د.م324.4b | د.م44.8b | 23.3x | 22.6x | 3.1x |
| Wed, 24 Sep 2025 | د.م1.0t | د.م311.8b | د.م43.3b | 24.7x | 23.7x | 3.3x |
| Fri, 22 Aug 2025 | د.م1.0t | د.م311.2b | د.م43.3b | 25.2x | 23.5x | 3.3x |
| Sun, 20 Jul 2025 | د.م992.9b | د.م309.7b | د.م37.3b | 24.2x | 26.6x | 3.2x |
| Tue, 17 Jun 2025 | د.م939.7b | د.م313.4b | د.م37.4b | 23.8x | 25.1x | 3x |
| Thu, 15 May 2025 | د.م928.4b | د.م312.9b | د.م36.3b | 24.7x | 25.6x | 3x |
| Sat, 12 Apr 2025 | د.م821.3b | د.م299.7b | د.م34.4b | 21.6x | 23.9x | 2.7x |
| Mon, 10 Mar 2025 | د.م840.7b | د.م298.0b | د.م34.1b | 23.9x | 24.7x | 2.8x |
| Wed, 05 Feb 2025 | د.م815.7b | د.م297.1b | د.م32.8b | 23.4x | 24.9x | 2.7x |
| Fri, 03 Jan 2025 | د.م755.1b | د.م297.0b | د.م32.8b | 23x | 23x | 2.5x |
| Sun, 01 Dec 2024 | د.م743.2b | د.م294.4b | د.م32.4b | 22x | 22.9x | 2.5x |
| Tue, 29 Oct 2024 | د.م719.9b | د.م294.1b | د.م32.1b | 22.6x | 22.4x | 2.4x |
| Thu, 26 Sep 2024 | د.م727.8b | د.م292.0b | د.م30.8b | 24.3x | 23.6x | 2.5x |
| Sat, 24 Aug 2024 | د.م714.2b | د.م291.2b | د.م30.0b | 22.9x | 23.8x | 2.5x |
| Mon, 22 Jul 2024 | د.م695.6b | د.م291.2b | د.م34.0b | 21.9x | 20.5x | 2.4x |
| Wed, 19 Jun 2024 | د.م673.5b | د.م291.3b | د.م34.0b | 22.2x | 19.8x | 2.3x |
| Fri, 17 May 2024 | د.م685.3b | د.م290.0b | د.م33.0b | 21.9x | 20.8x | 2.4x |
| Sun, 14 Apr 2024 | د.م675.0b | د.م289.4b | د.م32.8b | 22.2x | 20.6x | 2.3x |
| Tue, 12 Mar 2024 | د.م652.6b | د.م281.3b | د.م32.3b | 23.1x | 20.2x | 2.3x |
| Thu, 08 Feb 2024 | د.م635.1b | د.م283.7b | د.م32.7b | 21.8x | 19.4x | 2.2x |
| Sat, 06 Jan 2024 | د.م632.0b | د.م282.8b | د.م32.7b | 20.9x | 19.3x | 2.2x |
| Mon, 04 Dec 2023 | د.م592.8b | د.م278.1b | د.م31.3b | 20.2x | 18.9x | 2.1x |
| Wed, 01 Nov 2023 | د.م606.9b | د.م275.4b | د.م30.1b | 20.8x | 20.2x | 2.2x |
| Fri, 29 Sep 2023 | د.م600.3b | د.م273.7b | د.م30.7b | 20.5x | 19.5x | 2.2x |
| Sun, 27 Aug 2023 | د.م605.9b | د.م264.7b | د.م29.4b | 20.8x | 20.6x | 2.3x |
| Tue, 25 Jul 2023 | د.م600.3b | د.م258.7b | د.م26.8b | 21x | 22.4x | 2.3x |
| Thu, 22 Jun 2023 | د.م585.9b | د.م263.1b | د.م27.1b | 20.2x | 21.6x | 2.2x |
| Sat, 20 May 2023 | د.م549.3b | د.م252.7b | د.م26.9b | 20.8x | 20.4x | 2.2x |
| Mon, 17 Apr 2023 | د.م537.6b | د.م228.7b | د.م27.0b | 18.6x | 19.9x | 2.4x |
| Wed, 15 Mar 2023 | د.م544.7b | د.م238.9b | د.م26.9b | 18.4x | 20.2x | 2.3x |
| Fri, 10 Feb 2023 | د.م554.1b | د.م234.6b | د.م27.5b | 18.9x | 20.2x | 2.4x |
| Sun, 08 Jan 2023 | د.م500.4b | د.م233.0b | د.م27.4b | 17.3x | 18.3x | 2.1x |
Price to Earnings Ratio
18.3x
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 21.9x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 19% 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 Market | -0.30% | |
| Consumer Staples | 2.99% | |
| Healthcare | 2.80% | |
| Industrials | 1.22% | |
| Materials | 0.84% | |
| Tech | 0.23% | |
| Real Estate | 0.014% | |
| Telecom | -0.91% | |
| Financials | -1.59% | |
| Consumer Discretionary | -1.79% | |
| Energy | -1.97% | |
| Utilities | -3.64% | |
Sector PE
- Investors favour the Utilities 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 11.6% which is higher than its past year's earnings decline of 12.8% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 32.5x.
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 8.6% 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 | |
|---|---|---|---|---|---|---|
| GTM Societe Generale Des Travaux Du Maroc | د.م915.00 | 11.9% +د.م5.8b | n/a | PE46.3x | Industrials | |
| LES Lesieur Cristal | د.م360.00 | 12.5% +د.م1.1b | 20.0% | PS1.8x | Consumer Staples | |
| AKT Akdital | د.م1.18k | 4.6% +د.م736.3m | 12.2% | PE42.2x | Healthcare | |
| CMA Ciments du Maroc Société Anonyme | د.م1.85k | 2.8% +د.م721.8m | -1.6% | PE24.7x | Materials | |
| LHM LafargeHolcim Maroc | د.م1.84k | 1.7% +د.م699.6m | -4.9% | PE21.6x | Materials |
