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Moroccan (MASI) Market Analysis & Valuation

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies75
  • 7D0.8%
  • 3M-6.9%
  • 1Y2.9%
  • YTD-9.8%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. In line with that, the market has also been flat over the past year. 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
Thu, 19 Mar 2026د.م935.6bد.م341.8bد.م46.3b21x20.2x2.7x
Sat, 14 Feb 2026د.م1.0tد.م342.5bد.م46.4b22.3x22x3x
Mon, 12 Jan 2026د.م1.1tد.م339.8bد.م46.2b23.9x23x3.1x
Wed, 10 Dec 2025د.م964.4bد.م325.3bد.م44.9b22.4x21.5x3x
Fri, 07 Nov 2025د.م1.0tد.م324.9bد.م44.8b23.7x22.5x3.1x
Sun, 05 Oct 2025د.م978.0bد.م317.7bد.م44.5b22.1x22x3.1x
Tue, 02 Sep 2025د.م1.0tد.م311.2bد.م43.4b26x24x3.3x
Thu, 31 Jul 2025د.م1.0tد.م311.2bد.م43.3b24.5x23.4x3.3x
Sat, 28 Jun 2025د.م953.9bد.م313.4bد.م37.4b24.5x25.5x3x
Mon, 26 May 2025د.م937.2bد.م309.1bد.م36.5b24.2x25.7x3x
Wed, 23 Apr 2025د.م882.6bد.م300.5bد.م34.5b22.8x25.6x2.9x
Fri, 21 Mar 2025د.م882.6bد.م297.5bد.م34.2b23.8x25.8x3x
Sun, 16 Feb 2025د.م832.2bد.م297.8bد.م33.0b22.6x25.2x2.8x
Tue, 14 Jan 2025د.م798.0bد.م296.8bد.م32.7b24.2x24.4x2.7x
Thu, 12 Dec 2024د.م738.4bد.م296.9bد.م32.7b21.8x22.6x2.5x
Sat, 09 Nov 2024د.م740.3bد.م294.1bد.م32.1b22.6x23x2.5x
Mon, 07 Oct 2024د.م718.0bد.م292.2bد.م32.0b22.2x22.4x2.5x
Wed, 04 Sep 2024د.م709.9bد.م291.2bد.م30.1b23.1x23.6x2.4x
Fri, 02 Aug 2024د.م712.9bد.م291.2bد.م30.0b23.1x23.7x2.4x
Sun, 30 Jun 2024د.م681.0bد.م284.8bد.م33.9b21.9x20.1x2.4x
Tue, 28 May 2024د.م681.9bد.م288.7bد.م33.0b22x20.7x2.4x
Thu, 25 Apr 2024د.م678.7bد.م289.8bد.م32.8b22.9x20.7x2.3x
Sat, 23 Mar 2024د.م657.8bد.م282.0bد.م32.6b22x20.2x2.3x
Mon, 19 Feb 2024د.م653.6bد.م283.6bد.م32.6b22.8x20.1x2.3x
Wed, 17 Jan 2024د.م641.3bد.م283.1bد.م32.7b21.6x19.6x2.3x
Fri, 15 Dec 2023د.م615.0bد.م281.5bد.م31.1b20.7x19.7x2.2x
Sun, 12 Nov 2023د.م602.9bد.م275.7bد.م30.2b20.3x20x2.2x
Tue, 10 Oct 2023د.م620.5bد.م272.9bد.م29.7b21.1x20.9x2.3x
Thu, 07 Sep 2023د.م597.8bد.م270.2bد.م29.9b20.2x20x2.2x
Sat, 05 Aug 2023د.م617.1bد.م259.6bد.م29.2b21.2x21.1x2.4x
Mon, 03 Jul 2023د.م590.1bد.م255.9bد.م26.7b20x22.1x2.3x
Wed, 31 May 2023د.م563.2bد.م255.4bد.م26.6b21.3x21.2x2.2x
Fri, 28 Apr 2023د.م535.8bد.م251.4bد.م27.5b18.5x19.5x2.1x
Sun, 26 Mar 2023د.م535.2bد.م239.8bد.م27.1b18.8x19.7x2.2x
Price to Earnings Ratio

19.7x


Total Market Cap: د.م535.2bTotal Earnings: د.م27.1bTotal Revenue: د.م239.8bTotal 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 Market0.84%
Energy2.63%
Materials1.85%
Tech1.32%
Financials1.11%
Consumer Staples0.98%
Telecom0.41%
Utilities0.055%
Industrials-0.029%
Real Estate-0.42%
Healthcare-0.44%
Consumer Discretionary-0.46%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 34.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 43.6%, 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 31.7x.
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
BOA Bank of Africaد.م219.008.4%
+د.م3.7b		13.5%PB1.6xFinancials
IAM Itissalat Al-Maghrib (IAM)د.م95.903.1%
+د.م2.5b		-14.5%PE12.1xTelecom
MSA Société d'Exploitation des Portsد.م786.104.4%
+د.م2.4b		4.9%PE40.8xIndustrials
GTM Societe Generale des Travaux du Marocد.م730.004.0%
+د.م1.7b		n/aPE36.9xIndustrials
ATW Attijariwafa bankد.م714.901.1%
+د.م1.5b		6.7%PB2.1xFinancials
See more

Market Insights

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Latest News

TGC
د.م735.00
Travaux Généraux de Construction de Casablanca
7D
4.6%
1Y
0.7%
CMT
د.م3,200.00
Compagnie Minière de Touissit
7D
-3.0%
1Y
75.8%
ATH
د.م80.35
Auto Hall
7D
-4.0%
1Y
5.6%
TQM
د.م1,795.00
TAQA Morocco
7D
-2.1%
1Y
-0.2%
MSA
د.م786.10
Société d'Exploitation des Ports
7D
4.4%
1Y
4.9%
CIH
د.م385.00
Crédit Immobilier et Hôtelier Société Anonyme
7D
5.8%
1Y
-12.3%
GTM
د.م730.00
Societe Generale des Travaux du Maroc
7D
4.0%
1Y
n/a
ATW
د.م714.90
Attijariwafa bank
7D
1.1%
1Y
6.7%
SMI
د.م6,251.00
Societe Metallurgique d'Imiter société anonyme
7D
-3.7%
1Y
160.5%
IAM
د.م95.90
Itissalat Al-Maghrib (IAM)
7D
3.1%
1Y
-14.5%
SAH
د.م2,112.00
Sanlam Maroc
7D
-1.8%
1Y
16.0%
EQD
د.م1,242.00
Societe d'Equipement Domestique et Menager (EQDOM)
7D
-6.0%
1Y
16.8%
MNG
د.م8,005.00
Managem
7D
-1.2%
1Y
65.5%
BOA
د.م219.00
Bank of Africa
7D
8.4%
1Y
13.5%
SLF
د.م503.90
Salafin
7D
-6.7%
1Y
-13.1%
CMA
د.م1,790.00
Ciments du Maroc Société Anonyme
7D
4.9%
1Y
-6.3%