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Omani (MSM) Market Analysis & Valuation

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies99
  • 7D1.2%
  • 3M29.1%
  • 1Y67.2%
  • YTD29.7%

Over the last 7 days, the market has risen 1.2%, driven by gains of 1.3% in the Financials sector. In the last year, the market has climbed 67%. As for the next few years, earnings are expected to grow by 4.6% 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, 24 Mar 2026ر.ع20.6bر.ع12.9bر.ع1.4b12.9x14.5x1.6x
Thu, 19 Feb 2026ر.ع19.6bر.ع12.5bر.ع1.4b12.4x14.1x1.6x
Sat, 17 Jan 2026ر.ع16.8bر.ع12.4bر.ع1.4b10.7x12.2x1.4x
Mon, 15 Dec 2025ر.ع16.1bر.ع12.4bر.ع1.4b10.2x11.6x1.3x
Wed, 12 Nov 2025ر.ع15.6bر.ع12.3bر.ع1.4b10.7x11.4x1.3x
Fri, 10 Oct 2025ر.ع14.5bر.ع12.1bر.ع1.4b10.1x10.6x1.2x
Sun, 07 Sep 2025ر.ع14.2bر.ع12.1bر.ع1.4b10.4x10.4x1.2x
Tue, 05 Aug 2025ر.ع13.3bر.ع12.0bر.ع1.3b10.6x10.3x1.1x
Thu, 03 Jul 2025ر.ع12.8bر.ع11.6bر.ع1.2b10x10.4x1.1x
Sat, 31 May 2025ر.ع12.6bر.ع11.6bر.ع1.2b10.2x10.2x1.1x
Mon, 28 Apr 2025ر.ع11.7bر.ع11.6bر.ع1.2b9.4x9.7x1x
Wed, 26 Mar 2025ر.ع12.3bر.ع11.1bر.ع1.2b10.2x10.6x1.1x
Fri, 21 Feb 2025ر.ع11.7bر.ع11.5bر.ع1.4b10.4x8.3x1x
Sun, 19 Jan 2025ر.ع12.3bر.ع10.1bر.ع871.9m10.6x14.1x1.2x
Tue, 17 Dec 2024ر.ع11.5bر.ع10.1bر.ع699.6m10.8x16.4x1.1x
Thu, 14 Nov 2024ر.ع11.9bر.ع10.1bر.ع685.2m10.5x17.4x1.2x
Sat, 12 Oct 2024ر.ع9.1bر.ع10.0bر.ع681.4m10.9x13.4x0.9x
Mon, 09 Sep 2024ر.ع9.2bر.ع10.0bر.ع680.1m11.2x13.5x0.9x
Wed, 07 Aug 2024ر.ع8.9bر.ع10.0bر.ع682.0m11.6x13.1x0.9x
Fri, 05 Jul 2024ر.ع9.1bر.ع9.9bر.ع679.0m11.7x13.4x0.9x
Sun, 02 Jun 2024ر.ع9.3bر.ع9.9bر.ع673.4m11.9x13.8x0.9x
Tue, 30 Apr 2024ر.ع9.2bر.ع9.8bر.ع680.7m11.8x13.5x0.9x
Thu, 28 Mar 2024ر.ع9.0bر.ع9.7bر.ع646.8m11.2x13.9x0.9x
Sat, 24 Feb 2024ر.ع8.8bر.ع9.6bر.ع741.1m11.3x11.9x0.9x
Mon, 22 Jan 2024ر.ع9.3bر.ع9.7bر.ع786.6m11.5x11.8x1x
Wed, 20 Dec 2023ر.ع9.2bر.ع9.6bر.ع789.1m11.7x11.7x1x
Fri, 17 Nov 2023ر.ع9.2bر.ع9.6bر.ع770.7m12.3x11.9x1x
Sun, 15 Oct 2023ر.ع8.8bر.ع9.5bر.ع635.2m12.2x13.9x0.9x
Tue, 12 Sep 2023ر.ع8.7bر.ع9.4bر.ع625.2m12.4x13.9x0.9x
Thu, 10 Aug 2023ر.ع8.8bر.ع9.3bر.ع594.3m13.6x14.8x0.9x
Sat, 08 Jul 2023ر.ع8.8bر.ع9.3bر.ع595.7m13.7x14.7x0.9x
Mon, 05 Jun 2023ر.ع8.5bر.ع9.3bر.ع576.9m12.5x14.8x0.9x
Wed, 03 May 2023ر.ع8.7bر.ع9.1bر.ع612.3m12.8x14.2x1x
Fri, 31 Mar 2023ر.ع8.6bر.ع9.0bر.ع594.5m12x14.6x1x
Price to Earnings Ratio

14.6x


Total Market Cap: ر.ع8.6bTotal Earnings: ر.ع594.5mTotal Revenue: ر.ع9.0bTotal 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 14.5x 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 Market1.21%
Utilities9.59%
Real Estate2.72%
Financials1.30%
Telecom1.18%
Materials0.61%
Energy0.51%
Consumer Staples0.19%
Healthcare0%0
Consumer Discretionary-0.17%
Industrials-0.48%
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 91.7x.
    • Analysts are expecting annual earnings decline of 7.1%, 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 6.1x.
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 7.1% 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
BKMB Bank Muscat SAOGر.ع0.481.3%
+ر.ع45.0m		82.8%PB1.4xFinancials
PHPC Phoenix Power Company SAOGر.ع0.1817.3%
+ر.ع38.0m		188.5%PE9.9xUtilities
ASCO Asyad Shipping Company SAOGر.ع0.292.5%
+ر.ع36.5m		137.4%PE26.6xEnergy
BKSB Sohar International Bank SAOGر.ع0.222.3%
+ر.ع33.1m		68.5%PB1.3xFinancials
OTEL Oman Telecommunications Company SAOGر.ع1.331.6%
+ر.ع15.7m		56.8%PE11.3xTelecom
See more

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Latest News

OTEL
ر.ع1.33
Oman Telecommunications Company SAOG
7D
1.6%
1Y
56.8%
ORDS
ر.ع0.36
Omani Qatari Telecommunications Company SAOG
7D
-0.5%
1Y
103.9%

ORDS: Rich P/E And Softer Revenue Will Shape Balanced Near Term Outcomes

Analysts have revised their price target for Omani Qatari Telecommunications Company SAOG from OMR0.315 to OMR0.355, reflecting updated assumptions around revenue trends, profit margins, and a higher future P/E multiple. What's in the News Board meeting scheduled for February 8, 2026, to approve the audited financial statements for the year ended December 31, 2025, with plans to upload them to the Muscat Stock Exchange website shortly (company event disclosure).
TFCI
ر.ع0.12
Taageer Finance Company SAOG
7D
-2.4%
1Y
17.3%
BKMB
ر.ع0.48
Bank Muscat SAOG
7D
1.3%
1Y
82.8%
PHPC
ر.ع0.18
Phoenix Power Company SAOG
7D
17.3%
1Y
188.5%
GECS
ر.ع0.15
Galfar Engineering & Contracting SAOG
7D
-9.3%
1Y
100.0%
BKSB
ر.ع0.22
Sohar International Bank SAOG
7D
2.3%
1Y
68.5%
AOFS
ر.ع0.18
Al Omaniya Financial Services SAOG
7D
-3.2%
1Y
26.8%
GFIC
ر.ع0.29
Global Financial Investments Holding SAOG
7D
-1.7%
1Y
235.2%
VOES
ر.ع1.90
Voltamp Energy SAOG
7D
-2.4%
1Y
231.8%
OQEP
ر.ع0.47
OQ Exploration and Production SAOG
7D
-0.8%
1Y
49.8%
DFIN
ر.ع0.14
Dhofar Food & Investment SAOG
7D
-3.3%
1Y
107.1%
ASCO
ر.ع0.29
Asyad Shipping Company SAOG
7D
2.5%
1Y
137.4%
SUWP
ر.ع0.18
Al Suwadi Power Company SAOG
7D
13.5%
1Y
166.7%
BATP
ر.ع0.18
Al Batinah Power Company SAOG
7D
13.5%
1Y
158.8%
OQBI
ر.ع0.26
OQ Base Industries (SFZ) SAOG
7D
1.5%
1Y
161.4%