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Moroccan (MASI) Market Analysis & Valuation

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies75
  • 7D5.3%
  • 3M-2.7%
  • 1Y14.3%
  • YTD-0.9%

The market is up 5.1% in the last 7 days, led by the Materials and all sectors gaining ground. As for the past 12 months, the market is up 15%. Earnings are forecast to grow by 21% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026د.م1.0tد.م340.3bد.م47.8b22x21.7x3x
Thu, 12 Mar 2026د.م934.2bد.م341.8bد.م46.3b21.1x20.2x2.7x
Sat, 07 Feb 2026د.م1.0tد.م323.9bد.م45.8b23.2x21.9x3.1x
Mon, 05 Jan 2026د.م1.0tد.م339.8bد.م46.2b24x22.6x3.1x
Wed, 03 Dec 2025د.م953.6bد.م325.3bد.م45.0b21.5x21.2x2.9x
Fri, 31 Oct 2025د.م1.0tد.م324.9bد.م44.9b22.6x22.6x3.1x
Sun, 28 Sep 2025د.م1.0tد.م312.5bد.م43.6b23.9x23x3.2x
Tue, 26 Aug 2025د.م1.0tد.م311.2bد.م43.4b26.1x23.9x3.3x
Thu, 24 Jul 2025د.م991.1bد.م309.7bد.م37.3b24.2x26.5x3.2x
Sat, 21 Jun 2025د.م928.8bد.م313.4bد.م37.4b23.3x24.9x3x
Mon, 19 May 2025د.م916.4bد.م308.2bد.م36.3b24.3x25.3x3x
Wed, 16 Apr 2025د.م871.9bد.م299.7bد.م34.4b23.1x25.4x2.9x
Fri, 14 Mar 2025د.م834.2bد.م297.4bد.م34.0b23.4x24.5x2.8x
Sun, 09 Feb 2025د.م823.3bد.م297.1bد.م32.8b23.4x25.1x2.8x
Tue, 07 Jan 2025د.م778.3bد.م297.1bد.م32.8b23x23.8x2.6x
Thu, 05 Dec 2024د.م739.3bد.م294.4bد.م32.5b22.4x22.7x2.5x
Sat, 02 Nov 2024د.م721.5bد.م294.1bد.م32.1b21.8x22.5x2.5x
Mon, 30 Sep 2024د.م734.4bد.م292.2bد.م30.9b23.9x23.8x2.5x
Wed, 28 Aug 2024د.م710.8bد.م291.2bد.م30.1b22.7x23.6x2.4x
Fri, 26 Jul 2024د.م698.0bد.م291.2bد.م34.0b22.1x20.5x2.4x
Sun, 23 Jun 2024د.م672.4bد.م290.7bد.م34.0b22.7x19.8x2.3x
Tue, 21 May 2024د.م687.8bد.م288.6bد.م33.0b21.8x20.9x2.4x
Thu, 18 Apr 2024د.م682.3bد.م289.7bد.م32.8b22.9x20.8x2.4x
Sat, 16 Mar 2024د.م662.9bد.م281.8bد.م32.5b22.4x20.4x2.4x
Mon, 12 Feb 2024د.م640.4bد.م283.7bد.م32.7b22.3x19.6x2.3x
Wed, 10 Jan 2024د.م635.2bد.م282.8bد.م32.7b21.1x19.4x2.2x
Fri, 08 Dec 2023د.م597.6bد.م278.1bد.م31.2b20.5x19.1x2.1x
Sun, 05 Nov 2023د.م604.8bد.م275.7bد.م30.2b20.3x20x2.2x
Tue, 03 Oct 2023د.م600.3bد.م272.6bد.م29.8b20.3x20.1x2.2x
Thu, 31 Aug 2023د.م607.3bد.م264.7bد.م29.4b21.2x20.6x2.3x
Sat, 29 Jul 2023د.م616.2bد.م259.6bد.م29.2b20.6x21.1x2.4x
Mon, 26 Jun 2023د.م587.1bد.م263.3bد.م27.1b20.2x21.7x2.2x
Wed, 24 May 2023د.م550.9bد.م255.9bد.م26.6b21.3x20.7x2.2x
Fri, 21 Apr 2023د.م537.2bد.م251.3bد.م27.6b17.9x19.5x2.1x
Price to Earnings Ratio

19.5x


Total Market Cap: د.م537.2bTotal Earnings: د.م27.6bTotal Revenue: د.م251.3bTotal 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 11% 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 Market5.30%
Materials14.57%
Utilities5.65%
Healthcare5.34%
Industrials3.88%
Real Estate3.30%
Telecom3.23%
Tech2.05%
Financials1.87%
Energy0.68%
Consumer Staples0.22%
Consumer Discretionary-0.74%
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.م13.13k22.2%
+د.م28.3b		165.1%PE210xMaterials
ATW Attijariwafa bankد.م700.002.9%
+د.م4.0b		8.0%PB2xFinancials
MSA Société d'Exploitation des Portsد.م815.005.8%
+د.م3.3b		17.3%PE42.3xIndustrials
IAM Itissalat Al-Maghrib (IAM)د.م96.003.2%
+د.م2.6b		-14.1%PE12.1xTelecom
TQM TAQA Moroccoد.م1.87k5.6%
+د.م2.4b		-4.3%PE45xUtilities
See more

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OUL
د.م1,220.00
Les Eaux Minérales d'Oulmès
7D
-2.9%
1Y
-0.2%
MNG
د.م13,127.00
Managem
7D
22.2%
1Y
165.1%
NEJ
د.م4,310.00
Auto Nejma Maroc
7D
-6.0%
1Y
n/a
TQM
د.م1,870.00
TAQA Morocco
7D
5.6%
1Y
-4.3%
BCI
د.م586.00
Banque Marocaine pour le Commerce et l'Industrie
7D
-5.5%
1Y
13.4%
ATL
د.م133.25
AtlantaSanad Société Anonyme
7D
-3.4%
1Y
2.7%
SMI
د.م8,601.00
Societe Metallurgique d'Imiter société anonyme
7D
11.7%
1Y
260.8%
MSA
د.م815.00
Société d'Exploitation des Ports
7D
5.8%
1Y
17.3%
CSR
د.م192.00
Cosumar
7D
-0.5%
1Y
-10.7%
LHM
د.م1,800.00
LafargeHolcim Maroc
7D
2.9%
1Y
0%
ATW
د.م700.00
Attijariwafa bank
7D
2.9%
1Y
8.0%
IAM
د.م96.00
Itissalat Al-Maghrib (IAM)
7D
3.2%
1Y
-14.1%
SOT
د.م1,749.00
Société de Therapeutique Marocaine
7D
8.6%
1Y
65.0%
HPS
د.م521.20
Hightech Payment Systems
7D
-0.7%
1Y
-11.2%
SLF
د.م476.95
Salafin
7D
-4.8%
1Y
-27.7%
LES
د.م392.00
Lesieur Cristal
7D
-5.5%
1Y
40.0%