Have your own idea? Try our Stock Screener
Moroccan (MASI) Market Analysis & Valuation
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies75
- 7D1.6%
- 3M2.6%
- 1Y23.8%
- YTD1.6%
The market is up 1.6% over the last week, with the Materials sector leading the way, up 6.8%. The market is up 24% over the last 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | د.م1.1t | د.م339.8b | د.م46.2b | 23.9x | 23x | 3.1x |
| Tue, 09 Dec 2025 | د.م967.5b | د.م325.3b | د.م44.9b | 22.4x | 21.5x | 3x |
| Thu, 06 Nov 2025 | د.م1.0t | د.م324.9b | د.م44.8b | 23.7x | 22.5x | 3.1x |
| Sat, 04 Oct 2025 | د.م978.0b | د.م316.4b | د.م44.2b | 22.4x | 22.1x | 3.1x |
| Mon, 01 Sep 2025 | د.م1.0t | د.م311.2b | د.م43.4b | 25.4x | 24x | 3.3x |
| Wed, 30 Jul 2025 | د.م1.0t | د.م310.3b | د.م42.7b | 24.5x | 23.7x | 3.3x |
| Fri, 27 Jun 2025 | د.م953.9b | د.م313.4b | د.م37.4b | 24.5x | 25.5x | 3x |
| Sun, 25 May 2025 | د.م937.2b | د.م309.1b | د.م36.5b | 24.2x | 25.7x | 3x |
| Tue, 22 Apr 2025 | د.م884.3b | د.م300.5b | د.م34.5b | 22.8x | 25.7x | 2.9x |
| Thu, 20 Mar 2025 | د.م873.4b | د.م297.4b | د.م34.1b | 23.5x | 25.6x | 2.9x |
| Sat, 15 Feb 2025 | د.م832.2b | د.م297.8b | د.م33.0b | 22.6x | 25.2x | 2.8x |
| Mon, 13 Jan 2025 | د.م796.8b | د.م296.8b | د.م32.7b | 24x | 24.4x | 2.7x |
| Wed, 11 Dec 2024 | د.م738.1b | د.م296.9b | د.م32.7b | 22x | 22.6x | 2.5x |
| Fri, 08 Nov 2024 | د.م732.1b | د.م294.1b | د.م32.1b | 22.3x | 22.8x | 2.5x |
| Sun, 06 Oct 2024 | د.م720.1b | د.م294.5b | د.م32.2b | 22.1x | 22.4x | 2.4x |
| Tue, 03 Sep 2024 | د.م713.9b | د.م291.2b | د.م30.1b | 23.9x | 23.7x | 2.5x |
| Thu, 01 Aug 2024 | د.م713.2b | د.م291.2b | د.م30.0b | 23.3x | 23.7x | 2.4x |
| Sat, 29 Jun 2024 | د.م681.0b | د.م284.8b | د.م33.9b | 21.9x | 20.1x | 2.4x |
| Mon, 27 May 2024 | د.م684.0b | د.م288.7b | د.م33.0b | 22x | 20.7x | 2.4x |
| Wed, 24 Apr 2024 | د.م677.0b | د.م289.8b | د.م32.8b | 23.1x | 20.6x | 2.3x |
| Fri, 22 Mar 2024 | د.م658.0b | د.م282.0b | د.م32.6b | 22x | 20.2x | 2.3x |
| Sun, 18 Feb 2024 | د.م653.6b | د.م283.6b | د.م32.6b | 22.8x | 20.1x | 2.3x |
| Tue, 16 Jan 2024 | د.م636.7b | د.م283.1b | د.م32.7b | 21.5x | 19.5x | 2.2x |
| Thu, 14 Dec 2023 | د.م614.4b | د.م278.2b | د.م31.1b | 21.1x | 19.8x | 2.2x |
| Sat, 11 Nov 2023 | د.م602.9b | د.م275.7b | د.م30.2b | 20.3x | 20x | 2.2x |
| Mon, 09 Oct 2023 | د.م622.8b | د.م272.9b | د.م29.7b | 21.3x | 21x | 2.3x |
| Wed, 06 Sep 2023 | د.م603.1b | د.م270.2b | د.م29.9b | 20.2x | 20.2x | 2.2x |
| Fri, 04 Aug 2023 | د.م620.0b | د.م259.6b | د.م29.2b | 21.3x | 21.2x | 2.4x |
| Sun, 02 Jul 2023 | د.م590.1b | د.م255.9b | د.م26.7b | 20x | 22.1x | 2.3x |
| Tue, 30 May 2023 | د.م561.8b | د.م255.4b | د.م26.6b | 21.7x | 21.1x | 2.2x |
| Thu, 27 Apr 2023 | د.م534.6b | د.م251.4b | د.م27.5b | 18.1x | 19.4x | 2.1x |
| Sat, 25 Mar 2023 | د.م535.2b | د.م239.8b | د.م27.1b | 18.8x | 19.7x | 2.2x |
| Mon, 20 Feb 2023 | د.م553.1b | د.م234.6b | د.م27.5b | 19.4x | 20.1x | 2.4x |
| Wed, 18 Jan 2023 | د.م537.1b | د.م233.3b | د.م27.4b | 19.1x | 19.6x | 2.3x |
Price to Earnings Ratio
19.6x
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 22.0x.
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 | 1.65% | |
| Materials | 6.83% | |
| Tech | 2.71% | |
| Utilities | 1.58% | |
| Healthcare | 1.30% | |
| Energy | 1.26% | |
| Consumer Staples | 0.95% | |
| Financials | 0.77% | |
| Telecom | 0.54% | |
| Real Estate | 0.21% | |
| Industrials | 0.11% | |
| Consumer Discretionary | -0.069% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 34.8x.
- 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 32.4x.
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 | |
|---|---|---|---|---|---|---|
| MNG Managem | د.م7.39k | 13.7% +د.م10.5b | 119.9% | PE118.2x | Materials | |
| ATW Attijariwafa bank | د.م764.50 | 2.6% +د.م4.0b | 23.3% | PB2.3x | Financials | |
| MSA Société d'Exploitation des Ports | د.م985.00 | 2.0% +د.م1.4b | 61.5% | PE51.1x | Industrials | |
| SMI Societe Metallurgique d'Imiter société anonyme | د.م4.70k | 11.9% +د.م824.2m | 135.1% | PE43.3x | Materials | |
| TQM TAQA Morocco | د.م2.19k | 1.6% +د.م802.0m | 52.1% | PE53.6x | Utilities |
