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Moroccan (MASI) Market Analysis & Valuation

UpdatedJul 16, 2025
DataAggregated Company Financials
Companies72
  • 7D-0.2%
  • 3M10.5%
  • 1Y39.9%
  • YTD28.6%

The Energy sector gained 4.4% while the market remained flat over the last week. As for the longer term, the market has risen 40% in the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025د.م970.8bد.م309.7bد.م37.3b24.3x26x3.1x
Fri, 13 Jun 2025د.م957.1bد.م313.4bد.م37.4b24.6x25.6x3.1x
Sun, 11 May 2025د.م913.7bد.م311.6bد.م36.0b23.8x25.4x2.9x
Tue, 08 Apr 2025د.م832.3bد.م299.6bد.م34.4b22.4x24.2x2.8x
Thu, 06 Mar 2025د.م842.3bد.م300.5bد.م34.2b23x24.6x2.8x
Sat, 01 Feb 2025د.م817.2bد.م297.1bد.م32.8b23.6x24.9x2.8x
Mon, 30 Dec 2024د.م736.9bد.م299.1bد.م32.8b22.3x22.5x2.5x
Wed, 27 Nov 2024د.م743.2bد.م294.1bد.م32.1b22.4x23.1x2.5x
Fri, 25 Oct 2024د.م716.7bد.م294.1bد.م32.1b21.4x22.3x2.4x
Sun, 22 Sep 2024د.م724.0bد.م290.4bد.م30.2b24.3x24x2.5x
Tue, 20 Aug 2024د.م711.3bد.م291.1bد.م30.0b23.1x23.7x2.4x
Thu, 18 Jul 2024د.م693.6bد.م290.7bد.م34.0b21.9x20.4x2.4x
Sat, 15 Jun 2024د.م673.5bد.م291.3bد.م34.0b22.2x19.8x2.3x
Mon, 13 May 2024د.م691.8bد.م289.3bد.م32.9b21.8x21.1x2.4x
Wed, 10 Apr 2024د.م675.0bد.م286.3bد.م32.6b22.4x20.7x2.4x
Fri, 08 Mar 2024د.م654.8bد.م281.3bد.م32.3b23x20.3x2.3x
Sun, 04 Feb 2024د.م635.5bد.م283.7bد.م32.7b21.8x19.5x2.2x
Tue, 02 Jan 2024د.م617.6bد.م282.8bد.م32.7b20.6x18.9x2.2x
Thu, 30 Nov 2023د.م594.9bد.م278.0bد.م31.4b20.2x19x2.1x
Sat, 28 Oct 2023د.م605.0bد.م275.4bد.م30.1b20.8x20.1x2.2x
Mon, 25 Sep 2023د.م596.0bد.م273.4bد.م30.6b20.3x19.5x2.2x
Wed, 23 Aug 2023د.م606.0bد.م264.7bد.م29.4b20.9x20.6x2.3x
Fri, 21 Jul 2023د.م598.3bد.م258.7bد.م26.8b20.8x22.3x2.3x
Sun, 18 Jun 2023د.م583.5bد.م256.3bد.م26.9b20.9x21.7x2.3x
Tue, 16 May 2023د.م548.7bد.م252.5bد.م26.9b19.8x20.4x2.2x
Thu, 13 Apr 2023د.م540.3bد.م241.1bد.م27.1b17.8x20x2.2x
Sat, 11 Mar 2023د.م544.1bد.م238.9bد.م26.9b18.4x20.2x2.3x
Mon, 06 Feb 2023د.م534.4bد.م234.6bد.م27.5b18.6x19.5x2.3x
Wed, 04 Jan 2023د.م547.6bد.م233.0bد.م27.4b19.3x20x2.4x
Fri, 02 Dec 2022د.م554.5bد.م257.2bد.م28.0b19.3x19.8x2.2x
Sun, 30 Oct 2022د.م551.1bد.م256.5bد.م27.7b20.2x19.9x2.1x
Tue, 27 Sep 2022د.م620.4bد.م246.8bد.م27.1b24.2x22.9x2.5x
Thu, 25 Aug 2022د.م618.6bد.م244.6bد.م26.8b24.2x23.1x2.5x
Sat, 23 Jul 2022د.م606.9bد.م244.8bد.م29.2b22.4x20.8x2.5x
Price to Earnings Ratio

20.8x


Total Market Cap: د.م606.9bTotal Earnings: د.م29.2bTotal Revenue: د.م244.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Price to Earnings3Y Average 21.7x202320242025
Current Market PE
  • Investors are optimistic on the Moroccan market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 26.0x which is higher than its 3-year average PE of 21.7x.
Past Earnings Growth
  • The earnings for Moroccan listed companies have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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-0.22%
Energy4.42%
Industrials2.32%
Utilities2.22%
Healthcare1.76%
Consumer Staples0.80%
Materials-0.66%
Telecom-0.89%
Real Estate-1.08%
Financials-1.37%
Tech-1.52%
Consumer Discretionary-2.75%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 29.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 9.3% which is higher than its past year's earnings decline of 2.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 22% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.9% 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
TQM TAQA Moroccoد.م2.98k3.2%
+د.م2.1b
129.1%PE66.6xUtilities
TGC Travaux Généraux de Construction de Casablancaد.م959.906.7%
+د.م1.9b
198.6%PE58.2xIndustrials
LBV Label Vieد.م4.98k6.1%
+د.م824.8m
13.2%PE26.6xConsumer Staples
SAH Sanlam Marocد.م1.98k8.0%
+د.م601.1m
2.6%PE12xFinancials
SOT Société de Therapeutique Marocaineد.م1.64k3.4%
+د.م388.8m
72.0%PE37.5xHealthcare
See more

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