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Moroccan (MASI) Market Analysis & Valuation

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies75
  • 7D6.0%
  • 3M-3.6%
  • 1Y17.3%
  • YTD-1.2%

The market is up 6.0% in the last 7 days, led by the Materials and all sectors gaining ground. In the last year, the market has climbed 17%. As for the next few years, earnings are expected to grow by 21% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026د.م1.0tد.م346.2bد.م47.6b22.1x21.7x3x
Tue, 10 Mar 2026د.م945.7bد.م341.8bد.م46.3b20x20.4x2.8x
Thu, 05 Feb 2026د.م1.0tد.م341.5bد.م46.4b22.8x21.9x3x
Sat, 03 Jan 2026د.م1.0tد.م339.8bد.م46.2b24x22.6x3.1x
Mon, 01 Dec 2025د.م966.7bد.م325.3bد.م45.0b21.5x21.5x3x
Wed, 29 Oct 2025د.م1.0tد.م324.6bد.م44.8b22.3x22.5x3.1x
Fri, 26 Sep 2025د.م1.0tد.م312.5bد.م43.6b24.2x23.1x3.2x
Sun, 24 Aug 2025د.م1.0tد.م311.2bد.م43.3b25.5x23.9x3.3x
Tue, 22 Jul 2025د.م992.9bد.م309.7bد.م37.3b24.2x26.6x3.2x
Thu, 19 Jun 2025د.م924.4bد.م313.4bد.م37.4b23.3x24.7x2.9x
Sat, 17 May 2025د.م916.4bد.م312.9bد.م36.3b24.3x25.3x2.9x
Mon, 14 Apr 2025د.م821.3bد.م299.7bد.م34.4b21.6x23.9x2.7x
Wed, 12 Mar 2025د.م832.8bد.م298.2bد.م34.1b23.2x24.4x2.8x
Fri, 07 Feb 2025د.م823.2bد.م297.1bد.م32.8b23.4x25.1x2.8x
Sun, 05 Jan 2025د.م775.7bد.م297.1bد.م32.8b23x23.7x2.6x
Tue, 03 Dec 2024د.م738.1bد.م294.4bد.م32.5b22.1x22.7x2.5x
Thu, 31 Oct 2024د.م717.5bد.م294.1bد.م32.1b22.7x22.3x2.4x
Sat, 28 Sep 2024د.م734.4bد.م292.2bد.م30.9b23.9x23.8x2.5x
Mon, 26 Aug 2024د.م714.2bد.م291.3bد.م30.1b22.9x23.8x2.5x
Wed, 24 Jul 2024د.م694.6bد.م291.2bد.م34.0b22x20.4x2.4x
Fri, 21 Jun 2024د.م672.8bد.م290.7bد.م34.0b22.4x19.8x2.3x
Sun, 19 May 2024د.م686.2bد.م289.7bد.م33.0b21.9x20.8x2.4x
Tue, 16 Apr 2024د.م677.4bد.م289.4bد.م32.8b22.6x20.7x2.3x
Thu, 14 Mar 2024د.م653.7bد.م281.7bد.م32.5b22.4x20.1x2.3x
Sat, 10 Feb 2024د.م640.4bد.م283.7bد.م32.7b22.3x19.6x2.3x
Mon, 08 Jan 2024د.م632.0bد.م282.8bد.م32.7b20.9x19.3x2.2x
Wed, 06 Dec 2023د.م593.5bد.م278.1bد.م31.3b20.4x18.9x2.1x
Fri, 03 Nov 2023د.م605.7bد.م275.7bد.م30.2b20.8x20.1x2.2x
Sun, 01 Oct 2023د.م600.3bد.م273.5bد.م30.6b20.5x19.6x2.2x
Tue, 29 Aug 2023د.م605.2bد.م264.7bد.م29.4b20.7x20.6x2.3x
Thu, 27 Jul 2023د.م605.6bد.م258.7bد.م26.8b21x22.6x2.3x
Sat, 24 Jun 2023د.م587.1bد.م263.3bد.م27.1b20.2x21.7x2.2x
Mon, 22 May 2023د.م549.3bد.م253.0bد.م27.0b21.1x20.3x2.2x
Wed, 19 Apr 2023د.م537.7bد.م245.8bد.م27.5b18.5x19.5x2.2x
Price to Earnings Ratio

19.5x


Total Market Cap: د.م537.7bTotal Earnings: د.م27.5bTotal Revenue: د.م245.8bTotal 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 12% 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 Market5.96%
Materials13.84%
Healthcare6.51%
Industrials6.08%
Real Estate4.88%
Telecom4.23%
Utilities3.56%
Financials3.18%
Energy1.19%
Tech0.84%
Consumer Staples0.64%
Consumer Discretionary0.51%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 35.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 47.5%, 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 31.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 52% 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.م11.93k19.3%
+د.م22.9b		143.6%PE190.9xMaterials
ATW Attijariwafa bankد.م711.004.4%
+د.م6.0b		12.8%PB2.1xFinancials
MSA Société d'Exploitation des Portsد.م832.007.4%
+د.م4.2b		24.2%PE43.2xIndustrials
IAM Itissalat Al-Maghrib (IAM)د.م96.004.2%
+د.م3.4b		-11.5%PE12.1xTelecom
GTM Societe Generale des Travaux du Marocد.م746.005.1%
+د.م2.2b		n/aPE37.7xIndustrials
See more

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