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Omani (MSM) Market Analysis & Valuation
UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies100
- 7D10.7%
- 3M24.8%
- 1Y51.8%
- YTD20.7%
The market has climbed 11% in the last 7 days, lead by the Financials sector with a gain of 12%. The market is up 52% over the last 12 months. As for the next few years, earnings are expected to grow by 6.1% per annum.
Market Valuation and Performance
Has the Omani Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Feb 2026 | ر.ع19.2b | ر.ع12.5b | ر.ع1.4b | 12.5x | 13.9x | 1.5x |
| Tue, 13 Jan 2026 | ر.ع16.7b | ر.ع12.4b | ر.ع1.4b | 11x | 12x | 1.3x |
| Thu, 11 Dec 2025 | ر.ع16.1b | ر.ع12.4b | ر.ع1.4b | 10.3x | 11.6x | 1.3x |
| Sat, 08 Nov 2025 | ر.ع15.2b | ر.ع12.3b | ر.ع1.4b | 10x | 11.1x | 1.2x |
| Mon, 06 Oct 2025 | ر.ع14.5b | ر.ع12.1b | ر.ع1.4b | 9.9x | 10.6x | 1.2x |
| Wed, 03 Sep 2025 | ر.ع14.3b | ر.ع12.1b | ر.ع1.4b | 10.4x | 10.5x | 1.2x |
| Fri, 01 Aug 2025 | ر.ع13.3b | ر.ع12.0b | ر.ع1.3b | 10.6x | 10.2x | 1.1x |
| Sun, 29 Jun 2025 | ر.ع12.7b | ر.ع11.6b | ر.ع1.2b | 10x | 10.4x | 1.1x |
| Tue, 27 May 2025 | ر.ع12.3b | ر.ع11.6b | ر.ع1.2b | 10.2x | 10x | 1.1x |
| Thu, 24 Apr 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.3x | 9.7x | 1x |
| Sat, 22 Mar 2025 | ر.ع12.3b | ر.ع11.1b | ر.ع1.2b | 9.9x | 10.6x | 1.1x |
| Mon, 17 Feb 2025 | ر.ع11.8b | ر.ع15.8b | -ر.ع129,108,742.00 | 10.4x | -91.3x | 0.7x |
| Wed, 15 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع699.8m | 11.2x | 17.6x | 1.2x |
| Fri, 13 Dec 2024 | ر.ع11.5b | ر.ع10.1b | ر.ع698.4m | 10.8x | 16.5x | 1.1x |
| Sun, 10 Nov 2024 | ر.ع12.1b | ر.ع10.1b | ر.ع685.3m | 10.5x | 17.6x | 1.2x |
| Tue, 08 Oct 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.6m | 10.8x | 13.3x | 0.9x |
| Thu, 05 Sep 2024 | ر.ع9.2b | ر.ع10.0b | ر.ع680.1m | 11.3x | 13.6x | 0.9x |
| Sat, 03 Aug 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع692.8m | 11.3x | 13.1x | 0.9x |
| Mon, 01 Jul 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع678.5m | 11.9x | 13.4x | 0.9x |
| Wed, 29 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.3m | 12.1x | 13.7x | 0.9x |
| Fri, 26 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع680.7m | 11.6x | 13.4x | 0.9x |
| Sun, 24 Mar 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع644.3m | 11.5x | 14.2x | 0.9x |
| Tue, 20 Feb 2024 | ر.ع8.9b | ر.ع9.5b | ر.ع736.1m | 11.4x | 12.1x | 0.9x |
| Thu, 18 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.6x | 11.7x | 1x |
| Sat, 16 Dec 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.7x | 11.7x | 1x |
| Mon, 13 Nov 2023 | ر.ع9.0b | ر.ع9.6b | ر.ع772.0m | 11.7x | 11.6x | 0.9x |
| Wed, 11 Oct 2023 | ر.ع8.8b | ر.ع9.4b | ر.ع626.2m | 12.2x | 14x | 0.9x |
| Fri, 08 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 12x | 13.9x | 0.9x |
| Sun, 06 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.3m | 13.6x | 14.9x | 0.9x |
| Tue, 04 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.7m | 13.6x | 14.7x | 0.9x |
| Thu, 01 Jun 2023 | ر.ع8.4b | ر.ع9.3b | ر.ع577.7m | 12.7x | 14.6x | 0.9x |
| Sat, 29 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع603.7m | 12.3x | 14.3x | 1x |
| Mon, 27 Mar 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع594.5m | 12.7x | 14.5x | 1x |
| Wed, 22 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع554.9m | 11.1x | 14.8x | 0.9x |
Price to Earnings Ratio
14.8x
Current Market PE
- Investors are optimistic on the Omani market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 13.9x which is higher than its 3-year average PE of 12.5x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 36% per year over the last three years.
- Revenues for these companies have grown 13% 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 Omani Market?
| OM Market | 10.67% | |
| Energy | 12.20% | |
| Financials | 11.94% | |
| Telecom | 10.79% | |
| Materials | 9.42% | |
| Consumer Staples | 6.63% | |
| Industrials | 3.46% | |
| Utilities | 1.36% | |
| Consumer Discretionary | 0.50% | |
| Real Estate | 0% | 0 |
| Healthcare | 0% | 0 |
Sector PE
- Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 90.9x.
- Analysts are expecting annual earnings decline of 5.4%, which is less than its past year's earnings decline of 18.0% per year.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 5.4% 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 | Sector | |
|---|---|---|---|---|---|---|
| OQEP OQ Exploration and Production SAOG | ر.ع0.45 | 10.3% +ر.ع335.9m | 45.2% | PE12.3x | Energy | |
| BKSB Sohar International Bank SAOG | ر.ع0.22 | 26.3% +ر.ع304.4m | 64.9% | PB1.3x | Financials | |
| BKMB Bank Muscat SAOG | ر.ع0.41 | 10.7% +ر.ع300.3m | 62.1% | PB1.2x | Financials | |
| ASCO Asyad Shipping Company SAOG | ر.ع0.22 | 12.1% +ر.ع125.0m | n/a | PE34.1x | Energy | |
| OQGN OQ Gas Networks SAOG | ر.ع0.24 | 11.3% +ر.ع103.9m | 83.7% | PE21x | Energy |