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Moroccan (MASI) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies75
  • 7D-2.1%
  • 3M-1.6%
  • 1Y10.1%
  • YTD-4.1%

Over the last 7 days, the market has dropped 2.1%, driven by declines in the Financials and Industrials sectors of 2.7% and 5.3%, respectively. In contrast to the last week, the market is actually up 10% 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
Wed, 04 Mar 2026د.م1.0tد.م341.6bد.م46.3b21.1x21.6x2.9x
Fri, 30 Jan 2026د.م1.0tد.م341.5bد.م46.4b23.4x22.5x3.1x
Sun, 28 Dec 2025د.م1.0tد.م339.8bد.م46.2b22.9x21.7x3x
Tue, 25 Nov 2025د.م954.2bد.م325.0bد.م44.9b22x21.3x2.9x
Thu, 23 Oct 2025د.م1.0tد.م321.7bد.م44.5b22.3x22.7x3.1x
Sat, 20 Sep 2025د.م1.0tد.م311.5bد.م43.3b24.9x23.9x3.3x
Mon, 18 Aug 2025د.م1.0tد.م311.2bد.م43.3b25.5x23.7x3.3x
Wed, 16 Jul 2025د.م970.8bد.م309.7bد.م37.3b24.3x26x3.1x
Fri, 13 Jun 2025د.م957.1bد.م313.4bد.م37.4b24.6x25.6x3.1x
Sun, 11 May 2025د.م913.7bد.م311.6bد.م36.0b23.8x25.4x2.9x
Tue, 08 Apr 2025د.م832.3bد.م299.6bد.م34.4b22.4x24.2x2.8x
Thu, 06 Mar 2025د.م842.3bد.م300.5bد.م34.2b23x24.6x2.8x
Sat, 01 Feb 2025د.م817.2bد.م297.1bد.م32.8b23.6x24.9x2.8x
Mon, 30 Dec 2024د.م736.9bد.م299.1bد.م32.8b22.3x22.5x2.5x
Wed, 27 Nov 2024د.م743.2bد.م294.1bد.م32.1b22.4x23.1x2.5x
Fri, 25 Oct 2024د.م716.7bد.م294.1bد.م32.1b21.4x22.3x2.4x
Sun, 22 Sep 2024د.م724.0bد.م290.4bد.م30.2b24.3x24x2.5x
Tue, 20 Aug 2024د.م711.3bد.م291.1bد.م30.0b23.1x23.7x2.4x
Thu, 18 Jul 2024د.م693.6bد.م290.7bد.م34.0b21.9x20.4x2.4x
Sat, 15 Jun 2024د.م673.5bد.م291.3bد.م34.0b22.2x19.8x2.3x
Mon, 13 May 2024د.م691.8bد.م289.3bد.م32.9b21.8x21.1x2.4x
Wed, 10 Apr 2024د.م675.0bد.م286.3bد.م32.6b22.4x20.7x2.4x
Fri, 08 Mar 2024د.م654.8bد.م281.3bد.م32.3b23x20.3x2.3x
Sun, 04 Feb 2024د.م635.5bد.م283.7bد.م32.7b21.8x19.5x2.2x
Tue, 02 Jan 2024د.م617.6bد.م282.8bد.م32.7b20.6x18.9x2.2x
Thu, 30 Nov 2023د.م594.9bد.م278.0bد.م31.4b20.2x19x2.1x
Sat, 28 Oct 2023د.م605.0bد.م275.4bد.م30.1b20.8x20.1x2.2x
Mon, 25 Sep 2023د.م596.0bد.م273.4bد.م30.6b20.3x19.5x2.2x
Wed, 23 Aug 2023د.م606.0bد.م264.7bد.م29.4b20.9x20.6x2.3x
Fri, 21 Jul 2023د.م598.3bد.م258.7bد.م26.8b20.8x22.3x2.3x
Sun, 18 Jun 2023د.م583.5bد.م256.3bد.م26.9b20.9x21.7x2.3x
Tue, 16 May 2023د.م548.7bد.م252.5bد.م26.9b19.8x20.4x2.2x
Thu, 13 Apr 2023د.م540.3bد.م241.1bد.م27.1b17.8x20x2.2x
Sat, 11 Mar 2023د.م544.1bد.م238.9bد.م26.9b18.4x20.2x2.3x
Price to Earnings Ratio

20.2x


Total Market Cap: د.م544.1bTotal Earnings: د.م26.9bTotal Revenue: د.م238.9bTotal 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 Market-2.10%
Tech2.01%
Materials1.95%
Consumer Discretionary0.94%
Energy0.84%
Utilities0.26%
Healthcare-1.79%
Consumer Staples-1.80%
Financials-2.69%
Telecom-4.39%
Real Estate-4.55%
Industrials-5.29%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 33.9x.
    • 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 31.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 54% 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
SMI Societe Metallurgique d'Imiter société anonymeد.م6.75k7.8%
+د.م804.4m		200.0%PE62.2xMaterials
MNG Managemد.م7.93k0.6%
+د.م605.1m		101.2%PE126.8xMaterials
NEJ Auto Nejma Marocد.م4.59k6.0%
+د.م265.0m		n/aPE17.3xConsumer Discretionary
SLF Salafinد.م550.005.8%
+د.م93.7m		-4.8%PE17.5xFinancials
See more

Market Insights

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Latest News

LHM
د.م1,500.00
LafargeHolcim Maroc
7D
-15.8%
1Y
-21.3%
TQM
د.م1,631.00
TAQA Morocco
7D
-15.0%
1Y
-2.3%
MSA
د.م702.10
Société d'Exploitation des Ports
7D
-21.0%
1Y
-2.3%
GTM
د.م700.10
Societe Generale Des Travaux Du Maroc
7D
-15.4%
1Y
n/a
ATW
د.م680.00
Attijariwafa bank
7D
-9.8%
1Y
6.6%
NEJ
د.م4,585.00
Auto Nejma Maroc
7D
6.0%
1Y
n/a
SMI
د.م6,750.00
Societe Metallurgique d'Imiter société anonyme
7D
7.8%
1Y
200.0%
IAM
د.م92.00
Itissalat Al-Maghrib (IAM)
7D
-10.8%
1Y
-18.5%
MNG
د.م7,926.00
Managem
7D
0.6%
1Y
101.2%
BOA
د.م192.00
Bank of Africa
7D
-11.9%
1Y
-1.0%
BCP
د.م245.00
Banque Centrale Populaire
7D
-9.6%
1Y
-12.5%
SLF
د.م550.00
Salafin
7D
5.8%
1Y
-4.8%