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Moroccan (MASI) Banks Industry Analysis
UpdatedDec 10, 2025
DataAggregated Company Financials
Companies7
- 7D1.1%
- 3M-7.1%
- 1Y15.8%
- YTD14.1%
The Banks industry is up 1.7% in the last week, with Bank of Africa up 5.7%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 7.8% 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 |
|---|---|---|---|---|---|---|
| Wed, 10 Dec 2025 | د.م296.6b | د.م80.4b | د.م21.4b | 13.7x | 13.9x | 3.7x |
| Fri, 07 Nov 2025 | د.م314.4b | د.م80.0b | د.م21.2b | 14.6x | 14.8x | 3.9x |
| Sun, 05 Oct 2025 | د.م303.7b | د.م79.7b | د.م21.1b | 14.2x | 14.4x | 3.8x |
| Tue, 02 Sep 2025 | د.م322.8b | د.م78.7b | د.م20.8b | 15.2x | 15.5x | 4.1x |
| Thu, 31 Jul 2025 | د.م318.4b | د.م78.7b | د.م20.8b | 15.4x | 15.3x | 4x |
| Sat, 28 Jun 2025 | د.م301.0b | د.م77.8b | د.م20.2b | 15.5x | 14.9x | 3.9x |
| Mon, 26 May 2025 | د.م287.8b | د.م76.5b | د.م19.5b | 14.8x | 14.7x | 3.8x |
| Wed, 23 Apr 2025 | د.م272.3b | د.م73.9b | د.م18.7b | 15.8x | 14.6x | 3.7x |
| Fri, 21 Mar 2025 | د.م279.6b | د.م73.7b | د.م18.6b | 16.4x | 15.1x | 3.8x |
| Sun, 16 Feb 2025 | د.م275.9b | د.م71.8b | د.م17.8b | 17.8x | 15.5x | 3.8x |
| Tue, 14 Jan 2025 | د.م272.7b | د.م71.8b | د.م17.8b | 15.8x | 15.3x | 3.8x |
| Thu, 12 Dec 2024 | د.م255.7b | د.م71.8b | د.م17.8b | 15.9x | 14.3x | 3.6x |
| Sat, 09 Nov 2024 | د.م256.5b | د.م71.3b | د.م17.4b | 17.7x | 14.7x | 3.6x |
| Mon, 07 Oct 2024 | د.م246.5b | د.م71.4b | د.م17.4b | 16.6x | 14.1x | 3.5x |
| Wed, 04 Sep 2024 | د.م251.0b | د.م68.7b | د.م16.2b | 17.3x | 15.5x | 3.7x |
| Fri, 02 Aug 2024 | د.م254.2b | د.م68.7b | د.م16.2b | 16.7x | 15.6x | 3.7x |
| Sun, 30 Jun 2024 | د.م242.1b | د.م68.5b | د.م16.2b | 17.3x | 15x | 3.5x |
| Tue, 28 May 2024 | د.م240.1b | د.م66.7b | د.م15.2b | 17.2x | 15.8x | 3.6x |
| Thu, 25 Apr 2024 | د.م238.0b | د.م66.7b | د.م15.2b | 17.1x | 15.7x | 3.6x |
| Sat, 23 Mar 2024 | د.م237.9b | د.م67.7b | د.م15.8b | 16.4x | 15x | 3.5x |
| Mon, 19 Feb 2024 | د.م238.8b | د.م67.0b | د.م15.4b | 16.6x | 15.5x | 3.6x |
| Wed, 17 Jan 2024 | د.م226.5b | د.م67.0b | د.م15.4b | 15.4x | 14.7x | 3.4x |
| Fri, 15 Dec 2023 | د.م213.9b | د.م64.0b | د.م13.8b | 18.1x | 15.5x | 3.3x |
| Sun, 12 Nov 2023 | د.م210.9b | د.م61.9b | د.م13.1b | 17.5x | 16.1x | 3.4x |
| Tue, 10 Oct 2023 | د.م215.7b | د.م61.2b | د.م12.7b | 19.1x | 17x | 3.5x |
| Thu, 07 Sep 2023 | د.م205.4b | د.م59.0b | د.م11.7b | 18.9x | 17.5x | 3.5x |
| Sat, 05 Aug 2023 | د.م209.0b | د.م59.0b | د.م11.8b | 17.9x | 17.8x | 3.5x |
| Mon, 03 Jul 2023 | د.م205.7b | د.م59.0b | د.م11.7b | 18.4x | 17.5x | 3.5x |
| Wed, 31 May 2023 | د.م193.1b | د.م58.2b | د.م11.5b | 17.5x | 16.9x | 3.3x |
| Fri, 28 Apr 2023 | د.م183.8b | د.م58.2b | د.م11.5b | 15.8x | 16x | 3.2x |
| Sun, 26 Mar 2023 | د.م183.0b | د.م57.6b | د.م11.4b | 15.2x | 16.1x | 3.2x |
| Tue, 21 Feb 2023 | د.م182.1b | د.م57.3b | د.م11.3b | 14.9x | 16.1x | 3.2x |
| Thu, 19 Jan 2023 | د.م175.0b | د.م57.3b | د.م11.3b | 14.7x | 15.5x | 3.1x |
| Sat, 17 Dec 2022 | د.م183.9b | د.م57.3b | د.م11.3b | 15.4x | 16.3x | 3.2x |
Price to Earnings Ratio
16.3x
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 13.9x which is lower than its 3-year average PE of 15.5x.
- 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 24% 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 | 0.62% | |
| Financials | 1.19% | |
| Banks | 1.10% | |
| Diversified Banks | 1.09% | |
| 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 15.3x.
- Analysts are expecting annual earnings growth of 7.8%, which is lower than the prior year's growth of 27.9% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 15.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| BOA Bank of Africa | د.م231.00 | 3.1% +د.م1.5b | 21.6% | PB1.6x | |
| BCP Banque Centrale Populaire | د.م284.90 | 1.8% +د.م995.5m | -1.8% | PB1.5x | |
| CIH Crédit Immobilier et Hôtelier Société Anonyme | د.م415.80 | 2.9% +د.م420.1m | 1.4% | PB1.9x | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م565.00 | 3.9% +د.م278.9m | 0.9% | PB1x | |
| CFG CFG Bank | د.م246.00 | 1.2% +د.م121.4m | 17.1% | PB5.3x |