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Moroccan (MASI) Market Analysis & Valuation

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies75
  • 7D3.5%
  • 3M-4.7%
  • 1Y14.9%
  • YTD-3.5%

The market has climbed 3.5% in the last 7 days, lead by the Materials sector with a gain of 10%. In the last year, the market has climbed 15%. Earnings are forecast to grow by 20% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026د.م1.0tد.م346.1bد.م47.4b20.9x21.3x2.9x
Sat, 07 Mar 2026د.م945.7bد.م341.8bد.م46.3b21x20.4x2.8x
Mon, 02 Feb 2026د.م1.0tد.م341.5bد.م46.4b23x22.2x3x
Wed, 31 Dec 2025د.م1.0tد.م339.8bد.م46.2b23.3x21.9x3x
Fri, 28 Nov 2025د.م969.1bد.م325.2bد.م44.9b22.1x21.6x3x
Sun, 26 Oct 2025د.م1.0tد.م323.7bد.م44.7b22.5x22.6x3.1x
Tue, 23 Sep 2025د.م1.0tد.م311.6bد.م43.3b24.8x24x3.3x
Thu, 21 Aug 2025د.م1.0tد.م311.2bد.م43.3b25.2x23.5x3.3x
Sat, 19 Jul 2025د.م992.9bد.م309.7bد.م37.3b24.2x26.6x3.2x
Mon, 16 Jun 2025د.م951.1bد.م313.4bد.م37.4b24.2x25.4x3x
Wed, 14 May 2025د.م931.1bد.م313.1bد.م36.3b23.7x25.7x3x
Fri, 11 Apr 2025د.م839.1bد.م299.7bد.م34.4b22.1x24.4x2.8x
Sun, 09 Mar 2025د.م842.8bد.م300.5bد.م34.2b23.6x24.6x2.8x
Tue, 04 Feb 2025د.م817.2bد.م297.1bد.م32.8b23.4x24.9x2.8x
Thu, 02 Jan 2025د.م741.5bد.م297.0bد.م32.8b23x22.6x2.5x
Sat, 30 Nov 2024د.م743.2bد.م294.3bد.م32.4b22x23x2.5x
Mon, 28 Oct 2024د.م719.0bد.م294.1bد.م32.1b21.8x22.4x2.4x
Wed, 25 Sep 2024د.م722.9bد.م290.6bد.م30.2b24x23.9x2.5x
Fri, 23 Aug 2024د.م712.2bد.م291.2bد.م30.0b23.5x23.7x2.4x
Sun, 21 Jul 2024د.م695.6bد.م290.7bد.م34.0b21.9x20.5x2.4x
Tue, 18 Jun 2024د.م673.5bد.م291.3bد.م34.0b22.2x19.8x2.3x
Thu, 16 May 2024د.م685.5bد.م290.3bد.م33.0b21.7x20.8x2.4x
Sat, 13 Apr 2024د.م675.0bد.م289.4bد.م32.8b22.2x20.6x2.3x
Mon, 11 Mar 2024د.م655.7bد.م281.3bد.م32.3b22.3x20.3x2.3x
Wed, 07 Feb 2024د.م634.7bد.م283.7bد.م32.7b21.8x19.4x2.2x
Fri, 05 Jan 2024د.م627.7bد.م282.8bد.م32.7b21.2x19.2x2.2x
Sun, 03 Dec 2023د.م592.8bد.م278.1bد.م31.3b20.2x18.9x2.1x
Tue, 31 Oct 2023د.م602.3bد.م275.4bد.م30.1b20.6x20x2.2x
Thu, 28 Sep 2023د.م600.3bد.م273.4bد.م30.6b20.5x19.6x2.2x
Sat, 26 Aug 2023د.م605.9bد.م264.7bد.م29.4b20.8x20.6x2.3x
Mon, 24 Jul 2023د.م601.8bد.م258.7bد.م26.8b21x22.5x2.3x
Wed, 21 Jun 2023د.م597.1bد.م263.1bد.م27.1b21.1x22.1x2.3x
Fri, 19 May 2023د.م548.6bد.م252.4bد.م26.9b20.9x20.4x2.2x
Sun, 16 Apr 2023د.م537.6bد.م228.7bد.م27.0b18.6x19.9x2.4x
Price to Earnings Ratio

19.9x


Total Market Cap: د.م537.6bTotal Earnings: د.م27.0bTotal Revenue: د.م228.7bTotal 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 21% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market3.53%
Materials10.13%
Industrials3.14%
Tech3.08%
Real Estate3.06%
Consumer Staples2.20%
Healthcare2.04%
Financials1.70%
Telecom1.56%
Consumer Discretionary1.32%
Energy0%0
Utilities-2.70%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 34.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.5%, 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 31.4x.
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?

CompanyLast Price7D1YValuationSector
MNG Managemد.م10.71k14.5%
+د.م16.1b		129.8%PE171.3xMaterials
ATW Attijariwafa bankد.م706.002.0%
+د.م2.8b		10.9%PB2xFinancials
MSA Société d'Exploitation des Portsد.م819.003.9%
+د.م2.3b		27.0%PE42.5xIndustrials
SMI Societe Metallurgique d'Imiter société anonymeد.م7.57k12.4%
+د.م1.4b		261.0%PE69.7xMaterials
IAM Itissalat Al-Maghrib (IAM)د.م96.991.6%
+د.م1.3b		-9.3%PE12.2xTelecom
See more

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UMR
د.م157.00
Unimer
7D
-1.9%
1Y
-7.6%
BCI
د.م603.00
Banque Marocaine pour le Commerce et l'Industrie
7D
-2.7%
1Y
9.6%
CMT
د.م4,403.00
Compagnie Minière de Touissit
7D
20.9%
1Y
171.5%
SMI
د.م7,566.00
Societe Metallurgique d'Imiter société anonyme
7D
12.4%
1Y
261.0%
TQM
د.م1,800.00
TAQA Morocco
7D
-2.7%
1Y
-2.7%
MSA
د.م819.00
Société d'Exploitation des Ports
7D
3.9%
1Y
27.0%
ADH
د.م34.48
Douja Promotion Groupe Addoha
7D
9.3%
1Y
-8.6%
ADI
د.م430.05
Alliances Developpement Immobilier
7D
-0.9%
1Y
-5.3%
GTM
د.م741.50
Societe Generale des Travaux du Maroc
7D
2.3%
1Y
n/a
ATW
د.م706.00
Attijariwafa bank
7D
2.0%
1Y
10.9%
IAM
د.م96.99
Itissalat Al-Maghrib (IAM)
7D
1.6%
1Y
-9.3%
ARD
د.م413.00
Aradei Capital
7D
-1.0%
1Y
-11.2%
HPS
د.م531.00
Hightech Payment Systems
7D
-0.7%
1Y
-3.3%
MNG
د.م10,708.00
Managem
7D
14.5%
1Y
129.8%
SLF
د.م480.00
Salafin
7D
-4.0%
1Y
-27.7%
LES
د.م418.00
Lesieur Cristal
7D
-0.2%
1Y
49.3%