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Moroccan (MASI) Market Analysis & Valuation

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies75
  • 7D0.06%
  • 3M-5.4%
  • 1Y-2.6%
  • YTD-8.9%

The Materials sector gained 3.3% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026د.م951.6bد.م343.2bد.م46.5b20.8x20.5x2.8x
Tue, 24 Feb 2026د.م1.0tد.م342.5bد.م46.2b21.9x22.1x3x
Thu, 22 Jan 2026د.م1.0tد.م341.4bد.م46.4b23.4x22.1x3x
Sat, 20 Dec 2025د.م1.0tد.م325.7bد.م45.0b22.6x22.7x3.1x
Mon, 17 Nov 2025د.م968.9bد.م324.9bد.م44.8b22.7x21.6x3x
Wed, 15 Oct 2025د.م954.3bد.م319.9bد.م44.4b22.5x21.5x3x
Fri, 12 Sep 2025د.م1.0tد.م311.2bد.م43.4b25.2x23.8x3.3x
Sun, 10 Aug 2025د.م1.0tد.م311.2bد.م43.3b24.5x23.7x3.3x
Tue, 08 Jul 2025د.م971.2bد.م309.7bد.م37.3b24.1x26x3.1x
Thu, 05 Jun 2025د.م965.8bد.م313.1bد.م37.3b24.3x25.9x3.1x
Sat, 03 May 2025د.م898.7bد.م294.8bد.م33.2b23.7x27.1x3x
Mon, 31 Mar 2025د.م909.7bد.م299.4bد.م34.6b23.7x26.3x3x
Wed, 26 Feb 2025د.م856.4bد.م297.8bد.م33.6b23.9x25.5x2.9x
Fri, 24 Jan 2025د.م792.3bد.م297.1bد.م32.8b23x24.2x2.7x
Sun, 22 Dec 2024د.م742.5bد.م299.1bد.م32.8b22.1x22.6x2.5x
Tue, 19 Nov 2024د.م746.7bد.م294.1bد.م32.1b22.7x23.3x2.5x
Thu, 17 Oct 2024د.م703.8bد.م294.1bد.م32.1b21.3x21.9x2.4x
Sat, 14 Sep 2024د.م712.0bد.م291.1bد.م30.1b24x23.6x2.4x
Mon, 12 Aug 2024د.م704.9bد.م291.1bد.م30.0b22.3x23.5x2.4x
Wed, 10 Jul 2024د.م683.6bد.م290.7bد.م34.0b21.9x20.1x2.4x
Fri, 07 Jun 2024د.م676.8bد.م290.4bد.م33.9b22x19.9x2.3x
Sun, 05 May 2024د.م687.9bد.م291.3bد.م33.1b21.7x20.8x2.4x
Tue, 02 Apr 2024د.م660.0bد.م282.3bد.م32.5b23.4x20.3x2.3x
Thu, 29 Feb 2024د.م667.9bد.م282.7bد.م32.6b22.8x20.5x2.4x
Sat, 27 Jan 2024د.م645.7bد.م283.6bد.م32.7b21.7x19.7x2.3x
Mon, 25 Dec 2023د.م620.5bد.م282.8bد.م32.0b20.7x19.4x2.2x
Wed, 22 Nov 2023د.م603.9bد.م276.2bد.م30.6b20x19.7x2.2x
Fri, 20 Oct 2023د.م618.2bد.م275.0bد.م29.7b20.7x20.8x2.2x
Sun, 17 Sep 2023د.م597.2bد.م271.5bد.م30.6b20x19.5x2.2x
Tue, 15 Aug 2023د.م612.8bد.م264.8bد.م29.5b21.1x20.8x2.3x
Thu, 13 Jul 2023د.م588.3bد.م258.7bد.م26.8b20.7x22x2.3x
Sat, 10 Jun 2023د.م563.1bد.م255.5bد.م26.6b21.1x21.2x2.2x
Mon, 08 May 2023د.م530.3bد.م252.8bد.م27.3b19x19.4x2.1x
Wed, 05 Apr 2023د.م538.4bد.م239.6bد.م26.8b18.7x20.1x2.2x
Price to Earnings Ratio

20.1x


Total Market Cap: د.م538.4bTotal Earnings: د.م26.8bTotal Revenue: د.م239.6bTotal 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 Market0.056%
Materials3.27%
Consumer Staples3.21%
Healthcare2.38%
Real Estate1.14%
Telecom0.74%
Industrials0.33%
Tech-0.62%
Financials-1.90%
Consumer Discretionary-3.31%
Utilities-3.54%
Energy-5.13%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 34.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.3%, 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 31.5x.
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 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
MNG Managemد.م8.45k6.9%
+د.م6.5b		68.3%PE135.2xMaterials
SAH Sanlam Marocد.م2.70k24.3%
+د.م2.2b		50.0%PE16.3xFinancials
LES Lesieur Cristalد.م425.0019.7%
+د.م1.9b		46.6%PS2.1xConsumer Staples
TGC Travaux Généraux de Construction de Casablancaد.م749.904.2%
+د.م1.0b		7.1%PE38.3xIndustrials
CMT Compagnie Minière de Touissitد.م3.50k14.8%
+د.م756.6m		79.5%PS9.1xMaterials
See more

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Latest News

CMT
د.م3,500.00
Compagnie Minière de Touissit
7D
14.8%
1Y
79.5%
SAH
د.م2,700.00
Sanlam Maroc
7D
24.3%
1Y
50.0%
MSA
د.م762.00
Société d'Exploitation des Ports
7D
-1.7%
1Y
1.6%
GAZ
د.م3,700.00
Afriquia Gaz
7D
-5.1%
1Y
-14.1%
TGC
د.م749.90
Travaux Généraux de Construction de Casablanca
7D
4.2%
1Y
7.1%
ADH
د.م29.99
Douja Promotion Groupe Addoha
7D
3.2%
1Y
-34.2%
LHM
د.م1,720.00
LafargeHolcim Maroc
7D
-1.7%
1Y
-9.6%
TQM
د.م1,770.00
TAQA Morocco
7D
-3.5%
1Y
-23.4%
AKT
د.م1,141.00
Akdital
7D
4.6%
1Y
-10.2%
ATW
د.م680.20
Attijariwafa bank
7D
-1.7%
1Y
-2.8%
IAM
د.م95.00
Itissalat Al-Maghrib (IAM)
7D
0.7%
1Y
-22.4%
TMA
د.م1,471.00
TotalEnergies Marketing Maroc
7D
-6.9%
1Y
-20.4%
MNG
د.م8,450.00
Managem
7D
6.9%
1Y
68.3%
BOA
د.م205.00
Bank of Africa
7D
-6.6%
1Y
6.8%
BCP
د.م240.00
Banque Centrale Populaire
7D
-5.1%
1Y
-15.3%
LES
د.م425.00
Lesieur Cristal
7D
19.7%
1Y
46.6%