Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Moroccan (MASI) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies72
  • 7D-3.2%
  • 3M-6.1%
  • 1Y27.4%
  • YTD27.3%

Over the last 7 days, the market has dropped 3.2%, driven by pullbacks in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 27% over the past year. Earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025د.م968.9bد.م324.9bد.م44.8b22.7x21.6x3x
Mon, 13 Oct 2025د.م966.1bد.م317.9bد.م44.4b21.9x21.8x3x
Wed, 10 Sep 2025د.م1.0tد.م311.2bد.م43.4b24.3x23.4x3.3x
Fri, 08 Aug 2025د.م1.0tد.م311.2bد.م43.3b24.6x23.7x3.3x
Sun, 06 Jul 2025د.م962.8bد.م309.7bد.م37.3b24.1x25.8x3.1x
Tue, 03 Jun 2025د.م939.8bد.م310.2bد.م37.1b24.5x25.4x3x
Thu, 01 May 2025د.م891.8bد.م293.5bد.م33.3b23x26.8x3x
Sat, 29 Mar 2025د.م909.7bد.م299.4bد.م34.6b23.7x26.3x3x
Mon, 24 Feb 2025د.م849.8bد.م297.8bد.م33.6b24.2x25.3x2.9x
Wed, 22 Jan 2025د.م791.3bد.م297.1bد.م32.8b23.2x24.2x2.7x
Fri, 20 Dec 2024د.م742.7bد.م299.1bد.م32.8b22.2x22.6x2.5x
Sun, 17 Nov 2024د.م746.7bد.م294.1bد.م32.1b22.7x23.3x2.5x
Tue, 15 Oct 2024د.م716.0bد.م294.1bد.م32.1b22.1x22.3x2.4x
Thu, 12 Sep 2024د.م708.7bد.م291.1bد.م30.1b23.2x23.5x2.4x
Sat, 10 Aug 2024د.م705.1bد.م291.1bد.م30.0b22.3x23.5x2.4x
Mon, 08 Jul 2024د.م684.4bد.م290.7bد.م34.0b22x20.2x2.4x
Wed, 05 Jun 2024د.م676.5bد.م290.4bد.م33.9b22.1x19.9x2.3x
Fri, 03 May 2024د.م682.9bد.م291.2bد.م33.1b21.9x20.6x2.3x
Sun, 31 Mar 2024د.م660.5bد.م281.5bد.م32.1b23x20.6x2.3x
Tue, 27 Feb 2024د.م667.3bد.م282.7bد.م32.6b22.8x20.5x2.4x
Thu, 25 Jan 2024د.م649.4bد.م283.1bد.م32.7b22.2x19.9x2.3x
Sat, 23 Dec 2023د.م620.5bد.م282.8bد.م32.0b20.7x19.4x2.2x
Mon, 20 Nov 2023د.م602.7bد.م275.7bد.م30.2b20.2x20x2.2x
Wed, 18 Oct 2023د.م616.0bد.م275.0bد.م29.7b20.6x20.7x2.2x
Fri, 15 Sep 2023د.م598.1bد.م270.1bد.م29.9b20x20x2.2x
Sun, 13 Aug 2023د.م612.8bد.م259.6bد.م29.2b21.3x21x2.4x
Tue, 11 Jul 2023د.م589.0bد.م258.7bد.م26.8b20.7x22x2.3x
Thu, 08 Jun 2023د.م561.9bد.م255.5bد.م26.6b21.4x21.1x2.2x
Sat, 06 May 2023د.م530.3bد.م251.3bد.م27.0b19.5x19.6x2.1x
Mon, 03 Apr 2023د.م534.3bد.م239.6bد.م26.8b18.2x19.9x2.2x
Wed, 01 Mar 2023د.م562.3bد.م234.8bد.م26.6b19.8x21.1x2.4x
Fri, 27 Jan 2023د.م523.6bد.م234.6bد.م27.5b17.5x19.1x2.2x
Sun, 25 Dec 2022د.م561.8bد.م258.9bد.م28.4b20.3x19.8x2.2x
Tue, 22 Nov 2022د.م547.7bد.م257.2bد.م28.0b19.3x19.6x2.1x
Price to Earnings Ratio

19.6x


Total Market Cap: د.م547.7bTotal Earnings: د.م28.0bTotal Revenue: د.م257.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Price to Earnings3Y Average 21.9x202320242025
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 21.9x.
Past Earnings Growth
  • The earnings for Moroccan listed companies have grown 17% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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-3.24%
Energy-0.69%
Tech-1.39%
Healthcare-2.32%
Telecom-2.63%
Consumer Staples-2.70%
Real Estate-2.81%
Consumer Discretionary-2.89%
Utilities-2.94%
Industrials-2.99%
Materials-3.69%
Financials-3.71%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 33.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.0% which is higher than its past year's earnings decline of 12.8% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 33.0x.
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 8.3% 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
BCI Banque Marocaine pour le Commerce et l'Industrieد.م570.005.0%
+د.م358.5m		0%PB1xFinancials
PRO Societe de Promotion Pharmaceutique du Maghrebد.م1.59k15.1%
+د.م209.0m		82.0%PE27.8xHealthcare
RDS Résidences Dar Saadaد.م181.004.0%
+د.م183.5m		142.9%PS38.3xReal Estate
SMI Societe Metallurgique d'Imiter société anonymeد.م2.60k1.5%
+د.م64.2m		18.7%PE23.9xMaterials
MLE Maroc Leasingد.م379.805.5%
+د.م54.6m		n/aPE9.1xFinancials
See more

Market Insights

Header cover image
💸 The Return of Share Buybacks in Tech
Richard Bowman avatar
Richard Bowman
|
|
Some of the biggest names in tech are restarting their buyback programs. By the end of this piece, you’ll see: What’s really driving this new buyback cycle, which companies are using it to create genuine value, and when repurchases are smart capital allocation or financial sleight of hand.
Continue reading
⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks
Last Week

⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks

Latest News

ZDJ
د.م235.00
Zellidja
7D
9.8%
1Y
126.0%
MLE
د.م379.80
Maroc Leasing
7D
5.5%
1Y
n/a
PRO
د.م1,589.00
Societe de Promotion Pharmaceutique du Maghreb
7D
15.1%
1Y
82.0%
SAH
د.م2,010.00
Sanlam Maroc
7D
0.5%
1Y
6.3%
MSA
د.م960.00
Société d'Exploitation des Ports
7D
-2.0%
1Y
77.8%
LHM
د.م1,830.00
LafargeHolcim Maroc
7D
-5.3%
1Y
-8.5%
BCI
د.م570.00
Banque Marocaine pour le Commerce et l'Industrie
7D
5.0%
1Y
0%
ATW
د.م736.00
Attijariwafa bank
7D
-3.9%
1Y
27.3%
LES
د.م296.00
Lesieur Cristal
7D
0.3%
1Y
7.6%
TQM
د.م2,281.00
TAQA Morocco
7D
-2.9%
1Y
62.9%
BOA
د.م227.00
Bank of Africa
7D
-3.4%
1Y
17.6%
IAM
د.م112.90
Itissalat Al-Maghrib (IAM)
7D
-2.6%
1Y
29.0%
RDS
د.م181.00
Résidences Dar Saada
7D
4.0%
1Y
142.9%
BCP
د.م287.00
Banque Centrale Populaire
7D
-7.1%
1Y
-4.3%
MNG
د.م6,050.00
Managem
7D
-2.4%
1Y
108.6%
SMI
د.م2,600.00
Societe Metallurgique d'Imiter société anonyme
7D
1.5%
1Y
18.7%