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Omani (MSM) Market Analysis & Valuation
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies99
- 7D3.0%
- 3M35.3%
- 1Y74.3%
- YTD35.3%
The market has climbed 1.7% over the last week, with theFinancials and Industrials sectors leading the way. As for the past 12 months, the market is up 73%. As for the next few years, earnings are expected to grow by 4.5% 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | ر.ع21.5b | ر.ع13.0b | ر.ع1.4b | 13.6x | 15.1x | 1.7x |
| Sun, 01 Mar 2026 | ر.ع19.8b | ر.ع12.4b | ر.ع1.4b | 12.4x | 14.2x | 1.6x |
| Tue, 27 Jan 2026 | ر.ع16.8b | ر.ع12.4b | ر.ع1.4b | 10.7x | 12.2x | 1.4x |
| Thu, 25 Dec 2025 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.2x | 11.5x | 1.3x |
| Sat, 22 Nov 2025 | ر.ع15.4b | ر.ع12.4b | ر.ع1.4b | 10.3x | 11.2x | 1.2x |
| Mon, 20 Oct 2025 | ر.ع14.7b | ر.ع12.3b | ر.ع1.4b | 10x | 10.6x | 1.2x |
| Wed, 17 Sep 2025 | ر.ع14.1b | ر.ع12.1b | ر.ع1.4b | 10.1x | 10.3x | 1.2x |
| Fri, 15 Aug 2025 | ر.ع13.7b | ر.ع12.1b | ر.ع1.4b | 10.2x | 10.1x | 1.1x |
| Sun, 13 Jul 2025 | ر.ع12.9b | ر.ع11.6b | ر.ع1.2b | 10.6x | 10.6x | 1.1x |
| Tue, 10 Jun 2025 | ر.ع12.6b | ر.ع11.6b | ر.ع1.2b | 10.1x | 10.3x | 1.1x |
| Thu, 08 May 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.7x | 9.7x | 1x |
| Sat, 05 Apr 2025 | ر.ع12.3b | ر.ع11.5b | ر.ع1.2b | 9.9x | 10.1x | 1.1x |
| Mon, 03 Mar 2025 | ر.ع11.9b | ر.ع11.5b | ر.ع1.4b | 10.5x | 8.4x | 1x |
| Wed, 29 Jan 2025 | ر.ع12.1b | ر.ع10.4b | ر.ع867.3m | 10.3x | 13.9x | 1.2x |
| Fri, 27 Dec 2024 | ر.ع12.0b | ر.ع10.1b | ر.ع699.7m | 10.7x | 17.1x | 1.2x |
| Sun, 24 Nov 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع689.9m | 10.6x | 17.3x | 1.2x |
| Tue, 22 Oct 2024 | ر.ع9.2b | ر.ع10.1b | ر.ع685.0m | 11x | 13.5x | 0.9x |
| Thu, 19 Sep 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع680.4m | 11x | 13.4x | 0.9x |
| Sat, 17 Aug 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع681.9m | 11.4x | 13.3x | 0.9x |
| Mon, 15 Jul 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع677.8m | 11.6x | 13.4x | 0.9x |
| Wed, 12 Jun 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع675.4m | 12.3x | 13.5x | 0.9x |
| Fri, 10 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 11.6x | 13.5x | 0.9x |
| Sun, 07 Apr 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع648.5m | 11.4x | 14x | 0.9x |
| Tue, 05 Mar 2024 | ر.ع8.9b | ر.ع9.6b | ر.ع740.8m | 11.3x | 12x | 0.9x |
| Thu, 01 Feb 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع796.9m | 11.4x | 11.6x | 1x |
| Sat, 30 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع794.2m | 11.6x | 11.5x | 1x |
| Mon, 27 Nov 2023 | ر.ع9.4b | ر.ع9.6b | ر.ع790.0m | 12x | 11.9x | 1x |
| Wed, 25 Oct 2023 | ر.ع9.1b | ر.ع9.5b | ر.ع761.2m | 12.1x | 11.9x | 1x |
| Fri, 22 Sep 2023 | ر.ع8.7b | ر.ع9.5b | ر.ع625.2m | 11.7x | 13.8x | 0.9x |
| Sun, 20 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.5m | 13.3x | 15x | 0.9x |
| Tue, 18 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.7m | 13.6x | 14.8x | 0.9x |
| Thu, 15 Jun 2023 | ر.ع8.6b | ر.ع9.3b | ر.ع578.7m | 12.6x | 14.8x | 0.9x |
| Sat, 13 May 2023 | ر.ع8.5b | ر.ع9.1b | ر.ع617.0m | 13.2x | 13.8x | 0.9x |
| Mon, 10 Apr 2023 | ر.ع8.5b | ر.ع9.0b | ر.ع594.5m | 12x | 14.4x | 1x |
Price to Earnings Ratio
14.4x
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 15.1x which is higher than its 3-year average PE of 12.5x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 34% 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 | 2.98% | |
| Utilities | 17.88% | |
| Consumer Discretionary | 6.59% | |
| Energy | 3.37% | |
| Materials | 2.76% | |
| Telecom | 2.19% | |
| Financials | 1.73% | |
| Real Estate | 0% | 0 |
| Healthcare | 0% | 0 |
| Industrials | -0.0047% | |
| Consumer Staples | -0.16% | |
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 92.0x.
- Analysts are expecting annual earnings decline of 7.2%, which is less than its past year's earnings decline of 25.0% 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 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 7.3% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 7.2% 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.ع0.48 | 3.7% +ر.ع135.5m | 50.6% | PE13.8x | Energy | |
| PHPC Phoenix Power Company SAOG | ر.ع0.23 | 29.1% +ر.ع74.6m | 276.7% | PE12.7x | Utilities | |
| BKMB Bank Muscat SAOG | ر.ع0.48 | 1.7% +ر.ع60.1m | 90.5% | PB1.4x | Financials | |
| OQBI OQ Base Industries (SFZ) SAOG | ر.ع0.30 | 6.1% +ر.ع58.8m | 190.2% | PE21.5x | Materials | |
| OQGN OQ Gas Networks SAOG | ر.ع0.27 | 4.6% +ر.ع51.9m | 105.3% | PE23.1x | Energy |