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Omani (MSM) Market Analysis & Valuation
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies100
- 7D0.07%
- 3M13.7%
- 1Y27.8%
- YTD5.5%
In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 5.9%. Meanwhile, the market is actually up 28% over the past year. Looking forward, earnings are forecast to grow by 6.4% annually.
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, 23 Jan 2026 | ر.ع16.8b | ر.ع12.5b | ر.ع1.4b | 10.6x | 12x | 1.3x |
| Sun, 21 Dec 2025 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.1x | 11.5x | 1.3x |
| Tue, 18 Nov 2025 | ر.ع15.4b | ر.ع12.3b | ر.ع1.4b | 10.2x | 11.2x | 1.3x |
| Thu, 16 Oct 2025 | ر.ع14.5b | ر.ع12.2b | ر.ع1.4b | 10.2x | 10.5x | 1.2x |
| Sat, 13 Sep 2025 | ر.ع14.1b | ر.ع12.1b | ر.ع1.4b | 10.2x | 10.3x | 1.2x |
| Mon, 11 Aug 2025 | ر.ع13.5b | ر.ع12.0b | ر.ع1.3b | 10.4x | 10.1x | 1.1x |
| Wed, 09 Jul 2025 | ر.ع12.8b | ر.ع11.6b | ر.ع1.2b | 10.5x | 10.5x | 1.1x |
| Fri, 06 Jun 2025 | ر.ع12.6b | ر.ع11.6b | ر.ع1.2b | 10.1x | 10.3x | 1.1x |
| Sun, 04 May 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.6x | 9.6x | 1x |
| Tue, 01 Apr 2025 | ر.ع12.3b | ر.ع11.5b | ر.ع1.2b | 9.9x | 10.1x | 1.1x |
| Thu, 27 Feb 2025 | ر.ع11.7b | ر.ع11.5b | ر.ع1.4b | 10.2x | 8.3x | 1x |
| Sat, 25 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع872.3m | 10.3x | 14.1x | 1.2x |
| Mon, 23 Dec 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع699.7m | 10.5x | 17x | 1.2x |
| Wed, 20 Nov 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع687.7m | 10.4x | 17.3x | 1.2x |
| Fri, 18 Oct 2024 | ر.ع9.3b | ر.ع10.1b | ر.ع688.5m | 10.9x | 13.4x | 0.9x |
| Sun, 15 Sep 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع680.6m | 11x | 13.4x | 0.9x |
| Tue, 13 Aug 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع681.7m | 11.6x | 13.2x | 0.9x |
| Thu, 11 Jul 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع679.0m | 11.6x | 13.3x | 0.9x |
| Sat, 08 Jun 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.6m | 12.1x | 13.6x | 0.9x |
| Mon, 06 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 11.8x | 13.5x | 0.9x |
| Wed, 03 Apr 2024 | ر.ع9.0b | ر.ع9.7b | ر.ع648.5m | 11.4x | 13.9x | 0.9x |
| Fri, 01 Mar 2024 | ر.ع8.8b | ر.ع9.6b | ر.ع741.2m | 11.5x | 11.9x | 0.9x |
| Sun, 28 Jan 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع787.2m | 11.4x | 11.8x | 1x |
| Tue, 26 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع792.4m | 11.7x | 11.6x | 1x |
| Thu, 23 Nov 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع785.8m | 11.9x | 11.8x | 1x |
| Sat, 21 Oct 2023 | ر.ع8.6b | ر.ع9.5b | ر.ع714.6m | 11.7x | 12x | 0.9x |
| Mon, 18 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 11.9x | 14x | 0.9x |
| Wed, 16 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.4m | 13.5x | 15x | 0.9x |
| Fri, 14 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.7m | 13.7x | 14.8x | 0.9x |
| Sun, 11 Jun 2023 | ر.ع8.5b | ر.ع9.3b | ر.ع580.0m | 12.6x | 14.7x | 0.9x |
| Tue, 09 May 2023 | ر.ع8.6b | ر.ع9.1b | ر.ع615.9m | 12.8x | 14x | 0.9x |
| Thu, 06 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع594.5m | 12x | 14.4x | 1x |
| Sat, 04 Mar 2023 | ر.ع8.4b | ر.ع8.7b | ر.ع555.8m | 11.6x | 15.2x | 1x |
| Mon, 30 Jan 2023 | ر.ع8.3b | ر.ع8.7b | ر.ع577.8m | 10.7x | 14.3x | 0.9x |
Price to Earnings Ratio
14.3x
Current Market PE
- Investors are relatively neutral on the Omani 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 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 | 0.071% | |
| Consumer Staples | 5.95% | |
| Real Estate | 3.41% | |
| Industrials | 3.06% | |
| Financials | 0.31% | |
| Consumer Discretionary | 0.068% | |
| Healthcare | 0% | 0 |
| Energy | -0.35% | |
| Materials | -1.07% | |
| Utilities | -1.18% | |
| Telecom | -1.35% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth even though it's trading below its 3-year average PE ratio of 26.7x.
- 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. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 19% 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 7.7% 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 | |
|---|---|---|---|---|---|---|
| VOES Voltamp Energy SAOG | ر.ع1.45 | 13.8% +ر.ع16.4m | 246.2% | PE9.5x | Industrials | |
| BKMB Bank Muscat SAOG | ر.ع0.35 | 0.6% +ر.ع15.0m | 35.4% | PB1x | Financials | |
| SPFI A'Saffa Foods SAOG | ر.ع0.70 | 16.4% +ر.ع11.9m | 81.4% | PE11.8x | Consumer Staples | |
| DFIN Dhofar Food & Investment SAOG | ر.ع0.15 | 40.9% +ر.ع8.9m | 103.9% | PE25x | Consumer Staples | |
| SPSI Salalah Port Services Company SAOG | ر.ع0.41 | 13.3% +ر.ع8.6m | 61.9% | PE10.1x | Industrials |