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Omani (MSM) Market Analysis & Valuation

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies98
  • 7D-0.4%
  • 3M25.9%
  • 1Y83.4%
  • YTD37.3%

The Utilities sector gained 3.3% while the market remained flat over the last week. More promisingly, the market is up 83% over the past year. Earnings are forecast to grow by 6.1% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026ر.ع21.8bر.ع13.1bر.ع1.4b13.8x15.4x1.7x
Mon, 06 Apr 2026ر.ع21.6bر.ع13.0bر.ع1.4b13.6x15.2x1.7x
Wed, 04 Mar 2026ر.ع19.5bر.ع12.8bر.ع1.4b12.3x13.9x1.5x
Fri, 30 Jan 2026ر.ع17.1bر.ع12.5bر.ع1.5b10.9x11.8x1.4x
Sun, 28 Dec 2025ر.ع16.1bر.ع12.4bر.ع1.4b10.2x11.6x1.3x
Tue, 25 Nov 2025ر.ع15.4bر.ع12.4bر.ع1.4b10.4x11.2x1.2x
Thu, 23 Oct 2025ر.ع14.9bر.ع12.3bر.ع1.4b10.4x11x1.2x
Sat, 20 Sep 2025ر.ع14.2bر.ع12.1bر.ع1.4b9.9x10.4x1.2x
Mon, 18 Aug 2025ر.ع13.7bر.ع12.1bر.ع1.4b10.2x10.1x1.1x
Wed, 16 Jul 2025ر.ع12.9bر.ع11.7bر.ع1.2b10.6x10.6x1.1x
Fri, 13 Jun 2025ر.ع12.7bر.ع11.6bر.ع1.2b10x10.3x1.1x
Sun, 11 May 2025ر.ع11.8bر.ع11.6bر.ع1.2b9.8x9.7x1x
Tue, 08 Apr 2025ر.ع11.7bر.ع11.5bر.ع1.2b9.8x9.7x1x
Thu, 06 Mar 2025ر.ع11.8bر.ع11.4bر.ع1.4b10.1x8.3x1x
Sat, 01 Feb 2025ر.ع12.0bر.ع10.4bر.ع901.6m10.3x13.3x1.2x
Mon, 30 Dec 2024ر.ع12.0bر.ع10.1bر.ع699.7m10.9x17.2x1.2x
Wed, 27 Nov 2024ر.ع11.8bر.ع10.1bر.ع689.5m10.4x17.1x1.2x
Fri, 25 Oct 2024ر.ع9.2bر.ع10.1bر.ع685.0m10.7x13.5x0.9x
Sun, 22 Sep 2024ر.ع9.1bر.ع10.0bر.ع680.4m11x13.4x0.9x
Tue, 20 Aug 2024ر.ع9.0bر.ع10.0bر.ع681.3m11.4x13.2x0.9x
Thu, 18 Jul 2024ر.ع9.1bر.ع9.9bر.ع698.5m11.4x13x0.9x
Sat, 15 Jun 2024ر.ع9.1bر.ع9.9bر.ع675.8m12.2x13.4x0.9x
Mon, 13 May 2024ر.ع9.2bر.ع9.9bر.ع685.2m11.6x13.4x0.9x
Wed, 10 Apr 2024ر.ع9.1bر.ع9.8bر.ع664.0m11.6x13.7x0.9x
Fri, 08 Mar 2024ر.ع9.1bر.ع9.7bر.ع739.9m11.5x12.2x0.9x
Sun, 04 Feb 2024ر.ع9.3bر.ع9.7bر.ع810.9m11.3x11.4x1x
Tue, 02 Jan 2024ر.ع9.3bر.ع9.6bر.ع794.2m11.6x11.7x1x
Thu, 30 Nov 2023ر.ع9.4bر.ع9.6bر.ع790.0m12.3x11.9x1x
Sat, 28 Oct 2023ر.ع9.0bر.ع9.5bر.ع761.2m12.1x11.8x0.9x
Mon, 25 Sep 2023ر.ع8.7bر.ع9.5bر.ع625.2m11.7x13.8x0.9x
Wed, 23 Aug 2023ر.ع8.8bر.ع9.4bر.ع623.0m12.9x14.1x0.9x
Fri, 21 Jul 2023ر.ع8.8bر.ع9.3bر.ع596.4m13.6x14.8x0.9x
Sun, 18 Jun 2023ر.ع8.6bر.ع9.3bر.ع578.8m12.7x14.8x0.9x
Tue, 16 May 2023ر.ع8.6bر.ع9.1bر.ع618.5m13.2x13.9x0.9x
Price to Earnings Ratio

13.9x


Total Market Cap: ر.ع8.6bTotal Earnings: ر.ع618.5mTotal Revenue: ر.ع9.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Omani Market Price to Earnings3Y Average 12.5x202420252026
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 15.4x which is higher than its 3-year average PE of 12.5x.
Past Earnings Growth
  • The earnings for Omani listed companies have grown 32% 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-0.41%
Utilities3.27%
Materials1.29%
Consumer Staples1.20%
Energy0.45%
Industrials0.0002%
Real Estate0%0
Healthcare0%0
Consumer Discretionary-0.049%
Financials-1.34%
Telecom-3.98%
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 92.7x.
    • Analysts are expecting annual earnings decline of 10.2% which is lower than the prior year's growth of 20.2% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 0.6% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 10% 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
ASCO Asyad Shipping Company SAOGر.ع0.314.0%
+ر.ع62.5m		173.5%PE28.1xEnergy
ABRJ Abraj Energy Services SAOGر.ع0.4910.5%
+ر.ع36.2m		110.6%PE22.1xEnergy
ABOB Ahli Bank SAOGر.ع0.205.9%
+ر.ع30.6m		26.9%PB0.9xFinancials
NBOB National Bank of Oman SAOGر.ع0.423.5%
+ر.ع22.8m		41.7%PB0.7xFinancials
SSPW Sembcorp Salalah Power & Water Company SAOGر.ع0.269.6%
+ر.ع22.0m		150.5%PE10.7xUtilities
See more

Market Insights

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Latest News

BKMB
ر.ع0.46
Bank Muscat SAOG
7D
-3.8%
1Y
72.8%
OQBI
ر.ع0.32
OQ Base Industries (SFZ) SAOG
7D
1.3%
1Y
207.7%
NBOB
ر.ع0.42
National Bank of Oman SAOG
7D
3.5%
1Y
41.7%
MHAS
ر.ع1.16
Al Maha Petroleum Products Marketing Company SAOG
7D
-3.5%
1Y
15.8%
BKSB
ر.ع0.23
Sohar International Bank SAOG
7D
-2.5%
1Y
75.8%
New Narrative • Apr 27

Oman Vision 2040 And Saudi Expansion Will Support A Stronger Banking Franchise

Catalysts About Sohar International Bank SAOG Sohar International Bank SAOG is a commercial bank in Oman with conventional, Islamic and cross border operations serving retail and wholesale clients. What are the underlying business or industry changes driving this perspective?
BKDB
ر.ع0.21
Bank Dhofar SAOG
7D
-1.8%
1Y
45.3%
New Narrative • Apr 27

Branch Expansion And Rising Fixed Costs Will Pressure Returns Over The Next Decade

Catalysts About Bank Dhofar SAOG Bank Dhofar SAOG is an Oman based bank that offers conventional and Islamic banking services to retail, corporate, government and treasury clients. What are the underlying business or industry changes driving this perspective?
ABRJ
ر.ع0.49
Abraj Energy Services SAOG
7D
10.5%
1Y
110.6%
OQGN
ر.ع0.27
OQ Gas Networks SAOG
7D
-0.4%
1Y
106.1%
Narrative Update • Apr 25

OQGN: Higher P/E Assumptions Will Sustain Overvaluation Despite Modest Dividend

Analysts have adjusted their price target for OQ Gas Networks SAOG from OMR0.2108 to OMR0.2275, reflecting updated views on revenue growth assumptions, profit margins, and the future P/E multiple. What's in the News The Annual General Meeting on March 15, 2026 approved a cash dividend of 5.6 baisa per share for the second half of the financial year ended December 31, 2025 (company AGM resolution).
BKNZ
ر.ع0.15
Bank Nizwa SAOG
7D
-2.6%
1Y
51.5%
ABOB
ر.ع0.20
Ahli Bank SAOG
7D
5.9%
1Y
26.9%
SSPW
ر.ع0.26
Sembcorp Salalah Power & Water Company SAOG
7D
9.6%
1Y
150.5%
PHPC
ر.ع0.23
Phoenix Power Company SAOG
7D
2.3%
1Y
270.5%
OAB
ر.ع0.20
Oman Arab Bank SAOG
7D
3.6%
1Y
37.8%
New Narrative • Apr 13

Strong Capital Base And Cost Efficiency Will Support Stable Long Term Banking Performance

Catalysts About Oman Arab Bank SAOG Oman Arab Bank SAOG is a commercial bank that provides conventional and Islamic banking products and services in Oman. What are the underlying business or industry changes driving this perspective?
ASCO
ر.ع0.31
Asyad Shipping Company SAOG
7D
4.0%
1Y
173.5%
OTEL
ر.ع1.48
Oman Telecommunications Company SAOG
7D
-4.6%
1Y
81.7%
OQEP
ر.ع0.51
OQ Exploration and Production SAOG
7D
-1.4%
1Y
92.5%