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Moroccan (MASI) Banks Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies7
- 7D2.6%
- 3M-0.2%
- 1Y-14.9%
- YTD-9.6%
In the last week, the Banks industry is up 2.6%, with Attijariwafa bank up 3.6%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 7.4% per annum.
Industry Valuation and Performance
Has the Moroccan Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | د.م276.8b | د.م83.2b | د.م21.8b | 13.1x | 12.7x | 3.3x |
| Tue, 07 Jul 2026 | د.م280.6b | د.م82.8b | د.م21.8b | 12.4x | 12.8x | 3.4x |
| Thu, 04 Jun 2026 | د.م270.9b | د.م82.6b | د.م22.0b | 12.1x | 12.3x | 3.3x |
| Sat, 02 May 2026 | د.م274.7b | د.م81.6b | د.م21.7b | 12.6x | 12.6x | 3.4x |
| Mon, 30 Mar 2026 | د.م271.0b | د.م80.4b | د.م21.6b | 12.4x | 12.6x | 3.4x |
| Wed, 25 Feb 2026 | د.م299.2b | د.م80.7b | د.م21.3b | 14.4x | 14x | 3.7x |
| Fri, 23 Jan 2026 | د.م293.2b | د.م80.9b | د.م21.4b | 13.7x | 13.7x | 3.6x |
| Sun, 21 Dec 2025 | د.م308.4b | د.م80.9b | د.م21.4b | 14.3x | 14.4x | 3.8x |
| Tue, 18 Nov 2025 | د.م297.8b | د.م80.2b | د.م21.3b | 13.9x | 14x | 3.7x |
| Thu, 16 Oct 2025 | د.م290.9b | د.م79.8b | د.م21.1b | 13.8x | 13.8x | 3.6x |
| Sat, 13 Sep 2025 | د.م318.6b | د.م78.7b | د.م20.8b | 15.2x | 15.3x | 4x |
| Mon, 11 Aug 2025 | د.م323.8b | د.م78.7b | د.م20.8b | 16x | 15.6x | 4.1x |
| Wed, 09 Jul 2025 | د.م306.9b | د.م77.8b | د.م20.2b | 15.3x | 15.2x | 3.9x |
| Fri, 06 Jun 2025 | د.م303.0b | د.م77.6b | د.م20.1b | 15.8x | 15.1x | 3.9x |
| Sun, 04 May 2025 | د.م278.1b | د.م66.7b | د.م17.5b | 15.9x | 15.9x | 4.2x |
| Tue, 01 Apr 2025 | د.م283.9b | د.م73.7b | د.م18.6b | 15.9x | 15.3x | 3.9x |
| Thu, 27 Feb 2025 | د.م279.6b | د.م71.8b | د.م17.8b | 17.7x | 15.7x | 3.9x |
| Sat, 25 Jan 2025 | د.م269.6b | د.م71.8b | د.م17.8b | 16.7x | 15.1x | 3.8x |
| Mon, 23 Dec 2024 | د.م257.0b | د.م71.8b | د.م17.8b | 15.9x | 14.4x | 3.6x |
| Wed, 20 Nov 2024 | د.م262.3b | د.م71.3b | د.م17.4b | 17.5x | 15x | 3.7x |
| Fri, 18 Oct 2024 | د.م247.3b | د.م71.3b | د.م17.4b | 16.8x | 14.2x | 3.5x |
| Sun, 15 Sep 2024 | د.م249.3b | د.م68.7b | د.م16.2b | 17.1x | 15.4x | 3.6x |
| Tue, 13 Aug 2024 | د.م252.2b | د.م68.5b | د.م16.2b | 18.2x | 15.6x | 3.7x |
| Thu, 11 Jul 2024 | د.م241.3b | د.م68.5b | د.م16.2b | 16.9x | 14.9x | 3.5x |
| Sat, 08 Jun 2024 | د.م239.6b | د.م68.5b | د.م16.2b | 17.2x | 14.8x | 3.5x |
| Mon, 06 May 2024 | د.م240.1b | د.م66.7b | د.م15.2b | 17.2x | 15.8x | 3.6x |
| Wed, 03 Apr 2024 | د.م237.9b | د.م66.6b | د.م15.2b | 17.1x | 15.7x | 3.6x |
| Fri, 01 Mar 2024 | د.م240.6b | د.م67.0b | د.م15.4b | 16.6x | 15.6x | 3.6x |
| Sun, 28 Jan 2024 | د.م230.4b | د.م67.0b | د.م15.4b | 16.2x | 14.9x | 3.4x |
| Tue, 26 Dec 2023 | د.م221.6b | د.م65.3b | د.م14.7b | 17.1x | 15.1x | 3.4x |
| Thu, 23 Nov 2023 | د.م213.5b | د.م62.5b | د.م13.3b | 17.2x | 16.1x | 3.4x |
| Sat, 21 Oct 2023 | د.م215.1b | د.م61.2b | د.م12.7b | 18.4x | 16.9x | 3.5x |
| Mon, 18 Sep 2023 | د.م203.3b | د.م60.7b | د.م12.6b | 17.9x | 16.2x | 3.3x |
| Wed, 16 Aug 2023 | د.م206.5b | د.م59.0b | د.م11.8b | 17.9x | 17.6x | 3.5x |
Price to Earnings Ratio
17.6x
Current Industry PE
- Investors are pessimistic on the Moroccan Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.7x which is lower than its 3-year average PE of 14.8x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Moroccan Financials industry?
| MA Market | 7.01% | |
| Financials | 2.85% | |
| Banks | 2.61% | |
| Diversified Banks | 2.58% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 14.5x.
- Analysts expect its future annual earnings growth (7.4%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 14.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.4% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.4% 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 | |
|---|---|---|---|---|---|
| ATW Attijariwafa bank | د.م709.50 | 3.6% +د.م4.9b | -7.6% | PB2x | |
| CIH Crédit Immobilier et Hôtelier Société Anonyme | د.م351.95 | 2.0% +د.م1.3b | -19.5% | PB1.4x | |
| BOA Bank of Africa | د.م190.90 | 1.5% +د.م638.8m | -27.3% | PB1.3x | |
| BCP Banque Centrale Populaire | د.م251.00 | 1.2% +د.م609.9m | -22.3% | PB1.3x | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م612.80 | 4.2% +د.م329.3m | -0.4% | PB1.1x |