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Omani (MSM) Market Analysis & Valuation

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies98
  • 7D1.5%
  • 3M12.7%
  • 1Y6.3%
  • YTD10.4%

The Utilities sector gained 7.4% while the market remained flat over the last week. More promisingly, the market is up 6.0% over the past year. As for the next few years, earnings are expected to grow by 9.4% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025ر.ع14.2bر.ع12.1bر.ع1.4b10.4x10.4x1.2x
Thu, 31 Jul 2025ر.ع13.2bر.ع12.0bر.ع1.3b10.6x10.1x1.1x
Sat, 28 Jun 2025ر.ع12.7bر.ع11.6bر.ع1.2b10x10.4x1.1x
Mon, 26 May 2025ر.ع12.4bر.ع11.6bر.ع1.2b10.1x10.1x1.1x
Wed, 23 Apr 2025ر.ع11.8bر.ع11.6bر.ع1.2b9.4x9.7x1x
Fri, 21 Mar 2025ر.ع12.3bر.ع11.1bر.ع1.2b9.9x10.6x1.1x
Sun, 16 Feb 2025ر.ع11.8bر.ع15.8b-ر.ع129,079,794.0010.4x-91.6x0.7x
Tue, 14 Jan 2025ر.ع12.3bر.ع10.1bر.ع699.7m11.2x17.6x1.2x
Thu, 12 Dec 2024ر.ع11.5bر.ع10.1bر.ع710.1m10.8x16.2x1.1x
Sat, 09 Nov 2024ر.ع12.1bر.ع10.1bر.ع685.6m10.5x17.6x1.2x
Mon, 07 Oct 2024ر.ع9.0bر.ع10.0bر.ع680.6m10.8x13.2x0.9x
Wed, 04 Sep 2024ر.ع9.2bر.ع10.0bر.ع680.1m11.2x13.6x0.9x
Fri, 02 Aug 2024ر.ع9.0bر.ع9.9bر.ع692.9m11.3x13.1x0.9x
Sun, 30 Jun 2024ر.ع9.1bر.ع9.9bر.ع678.5m12x13.4x0.9x
Tue, 28 May 2024ر.ع9.2bر.ع9.9bر.ع673.3m11.8x13.7x0.9x
Thu, 25 Apr 2024ر.ع9.1bر.ع9.8bر.ع680.7m11.5x13.4x0.9x
Sat, 23 Mar 2024ر.ع9.1bر.ع9.7bر.ع644.3m11.5x14.2x0.9x
Mon, 19 Feb 2024ر.ع8.9bر.ع9.5bر.ع736.1m11.4x12.1x0.9x
Wed, 17 Jan 2024ر.ع9.3bر.ع9.6bر.ع790.4m11.6x11.7x1x
Fri, 15 Dec 2023ر.ع9.3bر.ع9.6bر.ع790.4m11.7x11.7x1x
Sun, 12 Nov 2023ر.ع9.0bر.ع9.6bر.ع772.0m11.8x11.6x0.9x
Tue, 10 Oct 2023ر.ع8.7bر.ع9.4bر.ع626.2m12x14x0.9x
Thu, 07 Sep 2023ر.ع8.7bر.ع9.4bر.ع625.2m12.5x13.9x0.9x
Sat, 05 Aug 2023ر.ع8.8bر.ع9.3bر.ع594.3m13.6x14.9x0.9x
Mon, 03 Jul 2023ر.ع8.8bر.ع9.3bر.ع595.7m13.3x14.7x0.9x
Wed, 31 May 2023ر.ع8.4bر.ع9.3bر.ع577.7m12.7x14.6x0.9x
Fri, 28 Apr 2023ر.ع8.6bر.ع9.0bر.ع603.7m12.3x14.3x1x
Sun, 26 Mar 2023ر.ع8.6bر.ع9.0bر.ع593.8m12.7x14.6x1x
Tue, 21 Feb 2023ر.ع8.2bر.ع8.7bر.ع554.9m11x14.8x0.9x
Thu, 19 Jan 2023ر.ع8.4bر.ع8.7bر.ع575.7m10.8x14.5x1x
Sat, 17 Dec 2022ر.ع8.5bر.ع8.6bر.ع486.0m11.3x17.4x1x
Mon, 14 Nov 2022ر.ع8.0bر.ع8.3bر.ع531.4m11.5x15x1x
Wed, 12 Oct 2022ر.ع8.0bر.ع8.1bر.ع527.8m12x15.1x1x
Fri, 09 Sep 2022ر.ع8.1bر.ع8.1bر.ع532.2m11.9x15.2x1x
Price to Earnings Ratio

15.2x


Total Market Cap: ر.ع8.1bTotal Earnings: ر.ع532.2mTotal Revenue: ر.ع8.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Omani Market Price to Earnings3Y Average 13.1x202320242025
Current Market PE
  • Investors are pessimistic on the Omani market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 10.2x which is lower than its 3-year average PE of 13.1x.
Past Earnings Growth
  • The earnings for Omani listed companies have grown 37% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market1.53%
Utilities8.07%
Telecom3.85%
Energy2.12%
Financials0.61%
Materials0.39%
Consumer Discretionary0.38%
Healthcare0%0
Consumer Staples-0.33%
Real Estate-0.73%
Industrials-0.84%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 83.1x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.8x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 3.0% 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
OQEP OQ Exploration and Production SAOGر.ع0.373.1%
+ر.ع88.0m		n/aPE9.7xEnergy
OTEL Oman Telecommunications Company SAOGر.ع1.033.7%
+ر.ع27.7m		1.3%PE9.2xTelecom
NBOB National Bank of Oman SAOGر.ع0.334.1%
+ر.ع21.1m		23.3%PB0.7xFinancials
SSPW Sembcorp Salalah Power & Water Company SAOGر.ع0.209.9%
+ر.ع17.2m		86.0%PE8.4xUtilities
PHPC Phoenix Power Company SAOGر.ع0.1012.4%
+ر.ع16.1m		75.4%PE5.9xUtilities
See more

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Latest News

OQEP
ر.ع0.37
OQ Exploration and Production SAOG
7D
3.1%
1Y
n/a
OTEL
ر.ع1.03
Oman Telecommunications Company SAOG
7D
3.7%
1Y
1.3%

Digital Services And Cloud Computing Will Expand GCC Markets

Despite a notable decline in net profit margin, the consensus analyst price target for Oman Telecommunications Company SAOG has been raised to OMR1.12, driven by a significant increase in the expected Future P/E ratio. What's in the News Board meeting held to consider and approve unaudited Q2 2025 financial results with no changes.
ORDS
ر.ع0.26
Omani Qatari Telecommunications Company SAOG
7D
4.4%
1Y
-10.3%

Fiber Migration And 5G Expansion In Oman Will Unlock Opportunities

The upward revision in Omani Qatari Telecommunications Company SAOG’s price target reflects improved expectations for both revenue growth and net profit margin, resulting in an increased fair value estimate from OMR0.31 to OMR0.33. What's in the News Saoud Al Riyami appointed as Chief Executive Officer, bringing over 20 years of experience and a long tenure with Ooredoo Oman.
BKSB
ر.ع0.14
Sohar International Bank SAOG
7D
-0.7%
1Y
0.7%
OMRF
ر.ع0.088
Oman REIT Fund
7D
-1.1%
1Y
31.3%
PHPC
ر.ع0.10
Phoenix Power Company SAOG
7D
12.4%
1Y
75.4%
AJSS
ر.ع0.18
Al Jazeira Services Company SAOG
7D
-2.7%
1Y
-14.5%
SFMI
ر.ع0.40
Salalah Mills Company SAOG
7D
-4.8%
1Y
-24.7%
BWPC
ر.ع0.17
Barka Water and Power Company SAOG
7D
-1.7%
1Y
-32.4%
BKNZ
ر.ع0.11
Bank Nizwa SAOG
7D
4.8%
1Y
2.8%
SSPW
ر.ع0.20
Sembcorp Salalah Power & Water Company SAOG
7D
9.9%
1Y
86.0%
ABOB
ر.ع0.15
Ahli Bank SAOG
7D
2.1%
1Y
-0.7%
NBOB
ر.ع0.33
National Bank of Oman SAOG
7D
4.1%
1Y
23.3%
AACT
ر.ع0.17
Al Anwar Ceramic Tiles Company SAOG
7D
-3.3%
1Y
-5.4%
OCAI
ر.ع2.15
Oman Cables Industry SAOG
7D
-2.3%
1Y
-25.8%
DIDI
ر.ع0.28
Dhofar International Development & Investment SAOG
7D
-2.8%
1Y
23.3%