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Moroccan (MASI) Market Analysis & Valuation
UpdatedApr 01, 2026
DataAggregated Company Financials
Companies75
- 7D-0.05%
- 3M-7.5%
- 1Y-2.6%
- YTD-9.1%
Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 3.1% in that time. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | د.م950.1b | د.م343.0b | د.م46.8b | 20.9x | 20.3x | 2.8x |
| Fri, 27 Feb 2026 | د.م1.0t | د.م342.5b | د.م46.2b | 21.7x | 21.8x | 2.9x |
| Sun, 25 Jan 2026 | د.م1.0t | د.م341.5b | د.م46.4b | 23.2x | 22.1x | 3x |
| Tue, 23 Dec 2025 | د.م1.0t | د.م325.7b | د.م45.0b | 22.8x | 22.7x | 3.1x |
| Thu, 20 Nov 2025 | د.م947.4b | د.م325.1b | د.م44.9b | 21.9x | 21.1x | 2.9x |
| Sat, 18 Oct 2025 | د.م961.6b | د.م321.7b | د.م44.5b | 22.1x | 21.6x | 3x |
| Mon, 15 Sep 2025 | د.م1.0t | د.م311.8b | د.م43.4b | 24.8x | 23.7x | 3.3x |
| Wed, 13 Aug 2025 | د.م1.0t | د.م311.2b | د.م43.3b | 25.2x | 23.8x | 3.3x |
| Fri, 11 Jul 2025 | د.م973.6b | د.م309.7b | د.م37.3b | 24.9x | 26.1x | 3.1x |
| Sun, 08 Jun 2025 | د.م959.4b | د.م313.4b | د.م37.4b | 24.7x | 25.7x | 3.1x |
| Tue, 06 May 2025 | د.م895.3b | د.م296.0b | د.م33.7b | 24.3x | 26.5x | 3x |
| Thu, 03 Apr 2025 | د.م904.3b | د.م299.5b | د.م34.8b | 23.3x | 26x | 3x |
| Sat, 01 Mar 2025 | د.م856.8b | د.م298.1b | د.م33.6b | 22.9x | 25.5x | 2.9x |
| Mon, 27 Jan 2025 | د.م795.8b | د.م297.1b | د.م32.8b | 23.2x | 24.3x | 2.7x |
| Wed, 25 Dec 2024 | د.م738.2b | د.م299.1b | د.م32.8b | 22.1x | 22.5x | 2.5x |
| Fri, 22 Nov 2024 | د.م746.2b | د.م294.1b | د.م32.1b | 21.9x | 23.2x | 2.5x |
| Sun, 20 Oct 2024 | د.م715.0b | د.م294.1b | د.م32.1b | 21.8x | 22.3x | 2.4x |
| Tue, 17 Sep 2024 | د.م712.0b | د.م290.4b | د.م30.2b | 24x | 23.6x | 2.5x |
| Thu, 15 Aug 2024 | د.م705.4b | د.م291.1b | د.م30.0b | 22.3x | 23.5x | 2.4x |
| Sat, 13 Jul 2024 | د.م691.4b | د.م290.7b | د.م34.0b | 22.1x | 20.4x | 2.4x |
| Mon, 10 Jun 2024 | د.م674.7b | د.م290.4b | د.م33.9b | 21.9x | 19.9x | 2.3x |
| Wed, 08 May 2024 | د.م685.3b | د.م289.9b | د.م32.9b | 21.8x | 20.8x | 2.4x |
| Fri, 05 Apr 2024 | د.م664.9b | د.م282.3b | د.م32.5b | 23.3x | 20.5x | 2.4x |
| Sun, 03 Mar 2024 | د.م661.4b | د.م281.6b | د.م32.3b | 23.1x | 20.5x | 2.3x |
| Tue, 30 Jan 2024 | د.م634.8b | د.م283.6b | د.م32.7b | 22.5x | 19.4x | 2.2x |
| Thu, 28 Dec 2023 | د.م617.4b | د.م284.5b | د.م32.8b | 20.4x | 18.8x | 2.2x |
| Sat, 25 Nov 2023 | د.م603.5b | د.م278.0b | د.م31.4b | 20.2x | 19.2x | 2.2x |
| Mon, 23 Oct 2023 | د.م617.5b | د.م275.4b | د.م30.1b | 20.6x | 20.5x | 2.2x |
| Wed, 20 Sep 2023 | د.م598.4b | د.م273.2b | د.م30.7b | 19.9x | 19.5x | 2.2x |
| Fri, 18 Aug 2023 | د.م611.1b | د.م264.8b | د.م29.5b | 20.7x | 20.7x | 2.3x |
| Sun, 16 Jul 2023 | د.م589.0b | د.م258.7b | د.م26.8b | 20.6x | 22x | 2.3x |
| Tue, 13 Jun 2023 | د.م561.8b | د.م255.6b | د.م26.6b | 21.1x | 21.1x | 2.2x |
| Thu, 11 May 2023 | د.م536.3b | د.م252.8b | د.م27.3b | 19.5x | 19.7x | 2.1x |
| Sat, 08 Apr 2023 | د.م538.1b | د.م239.6b | د.م26.8b | 18.7x | 20.1x | 2.2x |
Price to Earnings Ratio
20.1x
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 Market | -0.045% | |
| Consumer Staples | 3.11% | |
| Materials | 2.56% | |
| Healthcare | 1.91% | |
| Telecom | 0.085% | |
| Industrials | -0.076% | |
| Energy | -0.74% | |
| Real Estate | -0.99% | |
| Tech | -1.00% | |
| Financials | -1.13% | |
| Consumer Discretionary | -1.59% | |
| Utilities | -6.42% | |
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 44.5%, 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 31.5x.
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MNG Managem | د.م8.50k | 6.0% +د.م5.7b | 69.3% | PE136x | Materials | |
| SAH Sanlam Maroc | د.م2.78k | 21.4% +د.م2.0b | 54.4% | PE12.4x | Financials | |
| LES Lesieur Cristal | د.م420.00 | 8.8% +د.م939.5m | 44.8% | PS2.1x | Consumer Staples | |
| SBM Société des Boissons du Maroc | د.م2.25k | 12.4% +د.م704.6m | 7.1% | PE27.9x | Consumer Staples | |
| SMI Societe Metallurgique d'Imiter société anonyme | د.م6.12k | 6.3% +د.م595.5m | 156.2% | PE56.4x | Materials |
