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Moroccan (MASI) Market Analysis & Valuation

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies75
  • 7D1.7%
  • 3M5.1%
  • 1Y13.9%
  • YTD3.2%

The market has climbed 1.7% over the last week, with theIndustrials and Consumer Staples sectors leading the way. As for the past 12 months, the market is up 14%. As for the next few years, earnings are expected to grow by 22% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026د.م1.1tد.م340.3bد.م47.8b22.2x22.6x3.2x
Fri, 20 Mar 2026د.م964.1bد.م342.3bد.م46.5b21.3x20.8x2.8x
Sun, 15 Feb 2026د.م1.0tد.م342.5bد.م46.4b22.3x22x3x
Tue, 13 Jan 2026د.م1.1tد.م339.8bد.م46.2b23.9x23.1x3.1x
Thu, 11 Dec 2025د.م969.5bد.م325.3bد.م44.9b22.5x21.6x3x
Sat, 08 Nov 2025د.م1.0tد.م324.9bد.م44.8b23.7x22.4x3.1x
Mon, 06 Oct 2025د.م978.0bد.م317.8bد.م44.5b22.5x22x3.1x
Wed, 03 Sep 2025د.م1.0tد.م311.2bد.م43.4b26.2x24.1x3.4x
Fri, 01 Aug 2025د.م1.0tد.م311.2bد.م43.3b24.5x23.6x3.3x
Sun, 29 Jun 2025د.م953.9bد.م313.4bد.م37.4b24.5x25.5x3x
Tue, 27 May 2025د.م933.7bد.م309.1bد.م36.5b24.7x25.6x3x
Thu, 24 Apr 2025د.م882.8bد.م300.5bد.م34.5b22.3x25.6x2.9x
Sat, 22 Mar 2025د.م896.8bد.م298.0bد.م34.3b23.8x26.1x3x
Mon, 17 Feb 2025د.م832.2bد.م297.8bد.م33.0b22.6x25.2x2.8x
Wed, 15 Jan 2025د.م798.0bد.م296.8bد.م32.7b24.2x24.4x2.7x
Fri, 13 Dec 2024د.م737.2bد.م296.9bد.م32.7b21.8x22.6x2.5x
Sun, 10 Nov 2024د.م740.3bد.م294.1bد.م32.1b22.6x23x2.5x
Tue, 08 Oct 2024د.م718.4bد.م292.4bد.م32.0b22x22.5x2.5x
Thu, 05 Sep 2024د.م706.8bد.م291.2bد.م30.1b23x23.5x2.4x
Sat, 03 Aug 2024د.م714.2bد.م291.2bد.م30.0b23.2x23.8x2.5x
Mon, 01 Jul 2024د.م681.0bد.م284.8bد.م33.9b21.9x20.1x2.4x
Wed, 29 May 2024د.م683.8bد.م288.7bد.م33.0b21.8x20.7x2.4x
Fri, 26 Apr 2024د.م682.1bد.م289.9bد.م32.9b23x20.7x2.4x
Sun, 24 Mar 2024د.م657.8bد.م282.0bد.م32.6b22x20.2x2.3x
Tue, 20 Feb 2024د.م657.2bد.م283.7bد.م32.6b22.7x20.2x2.3x
Thu, 18 Jan 2024د.م643.4bد.م283.1bد.م32.7b21.6x19.7x2.3x
Sat, 16 Dec 2023د.م614.6bد.م281.5bد.م31.1b20.4x19.7x2.2x
Mon, 13 Nov 2023د.م602.9bد.م275.7bد.م30.2b20.3x20x2.2x
Wed, 11 Oct 2023د.م619.8bد.م272.9bد.م29.7b21.1x20.9x2.3x
Fri, 08 Sep 2023د.م598.1bد.م270.3bد.م29.9b20.2x20x2.2x
Sun, 06 Aug 2023د.م617.1bد.م259.6bد.م29.2b21.2x21.1x2.4x
Tue, 04 Jul 2023د.م589.6bد.م255.9bد.م26.7b20.6x22.1x2.3x
Thu, 01 Jun 2023د.م563.9bد.م255.4bد.م26.6b21.2x21.2x2.2x
Sat, 29 Apr 2023د.م538.3bد.م251.4bد.م27.5b17.7x19.6x2.1x
Price to Earnings Ratio

19.6x


Total Market Cap: د.م538.3bTotal Earnings: د.م27.5bTotal Revenue: د.م251.4bTotal 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 Market1.65%
Industrials5.71%
Financials2.68%
Real Estate2.44%
Healthcare1.87%
Consumer Discretionary1.44%
Utilities1.13%
Telecom0.74%
Energy0.59%
Tech0.33%
Consumer Staples-0.052%
Materials-1.31%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 35.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 49.5%, 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 31.2x.
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.م13.99k3.6%
+د.م5.8b		174.6%PE223.8xMaterials
MSA Société d'Exploitation des Portsد.م890.005.5%
+د.م3.4b		21.4%PE46.2xIndustrials
BOA Bank of Africaد.م216.406.1%
+د.م2.7b		12.1%PB1.5xFinancials
ATW Attijariwafa bankد.م714.001.6%
+د.م2.2b		8.2%PB2.1xFinancials
GTM Societe Generale des Travaux du Marocد.م809.003.0%
+د.م1.4b		n/aPE40.9xIndustrials
See more

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د.م809.00
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