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Omani (MSM) Market Analysis & Valuation
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies99
- 7D1.3%
- 3M-9.4%
- 1Y44.0%
- YTD22.2%
The market has climbed 1.3% in the last 7 days, lead by the Energy sector with a gain of 3.0%. As for the past 12 months, the market is up 44%. Looking forward, earnings are forecast to grow by 5.1% 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 |
|---|---|---|---|---|---|---|
| Tue, 11 Aug 2026 | ر.ع21.3b | ر.ع13.8b | ر.ع1.6b | 11.8x | 13.3x | 1.5x |
| Thu, 09 Jul 2026 | ر.ع21.4b | ر.ع13.5b | ر.ع1.6b | 12.6x | 13.8x | 1.6x |
| Sat, 06 Jun 2026 | ر.ع20.0b | ر.ع13.2b | ر.ع1.4b | 12.4x | 14x | 1.5x |
| Mon, 04 May 2026 | ر.ع21.9b | ر.ع13.1b | ر.ع1.4b | 13.6x | 15.5x | 1.7x |
| Wed, 01 Apr 2026 | ر.ع21.3b | ر.ع13.0b | ر.ع1.4b | 13.5x | 15x | 1.6x |
| Fri, 27 Feb 2026 | ر.ع19.8b | ر.ع12.4b | ر.ع1.4b | 12.4x | 14.2x | 1.6x |
| Sun, 25 Jan 2026 | ر.ع16.8b | ر.ع12.5b | ر.ع1.4b | 10.6x | 12x | 1.4x |
| Tue, 23 Dec 2025 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.2x | 11.5x | 1.3x |
| Thu, 20 Nov 2025 | ر.ع15.4b | ر.ع12.3b | ر.ع1.4b | 10.3x | 11.2x | 1.3x |
| Sat, 18 Oct 2025 | ر.ع14.6b | ر.ع12.3b | ر.ع1.4b | 9.7x | 10.5x | 1.2x |
| Mon, 15 Sep 2025 | ر.ع14.1b | ر.ع12.1b | ر.ع1.4b | 10.1x | 10.3x | 1.2x |
| Wed, 13 Aug 2025 | ر.ع13.7b | ر.ع12.1b | ر.ع1.4b | 10.3x | 10x | 1.1x |
| Fri, 11 Jul 2025 | ر.ع12.9b | ر.ع11.6b | ر.ع1.2b | 10.6x | 10.6x | 1.1x |
| Sun, 08 Jun 2025 | ر.ع12.6b | ر.ع11.6b | ر.ع1.2b | 10.1x | 10.3x | 1.1x |
| Tue, 06 May 2025 | ر.ع11.7b | ر.ع11.6b | ر.ع1.2b | 9.5x | 9.6x | 1x |
| Thu, 03 Apr 2025 | ر.ع12.3b | ر.ع11.5b | ر.ع1.2b | 9.9x | 10.1x | 1.1x |
| Sat, 01 Mar 2025 | ر.ع11.9b | ر.ع11.5b | ر.ع1.4b | 10.5x | 8.4x | 1x |
| Mon, 27 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع872.3m | 10.3x | 14.1x | 1.2x |
| Wed, 25 Dec 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع699.7m | 10.6x | 17x | 1.2x |
| Fri, 22 Nov 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع688.0m | 10.4x | 17.3x | 1.2x |
| Sun, 20 Oct 2024 | ر.ع9.3b | ر.ع10.1b | ر.ع685.0m | 10.9x | 13.5x | 0.9x |
| Tue, 17 Sep 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع680.6m | 11.1x | 13.4x | 0.9x |
| Thu, 15 Aug 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع681.9m | 11.4x | 13.3x | 0.9x |
| Sat, 13 Jul 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع676.6m | 11.6x | 13.4x | 0.9x |
| Mon, 10 Jun 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.8m | 12.3x | 13.6x | 0.9x |
| Wed, 08 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 11.6x | 13.5x | 0.9x |
| Fri, 05 Apr 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع648.5m | 11.4x | 14x | 0.9x |
| Sun, 03 Mar 2024 | ر.ع8.8b | ر.ع9.6b | ر.ع740.8m | 11.5x | 11.9x | 0.9x |
| Tue, 30 Jan 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع787.2m | 11.6x | 11.8x | 1x |
| Thu, 28 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع792.4m | 11.5x | 11.6x | 1x |
| Sat, 25 Nov 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.2m | 11.9x | 11.8x | 1x |
| Mon, 23 Oct 2023 | ر.ع8.5b | ر.ع9.5b | ر.ع714.6m | 11.7x | 11.8x | 0.9x |
| Wed, 20 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع627.7m | 11.7x | 13.8x | 0.9x |
| Fri, 18 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.3m | 13.3x | 15x | 0.9x |
Price to Earnings Ratio
15x
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 12.4x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 40% 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 Market | 1.04% | |
| Energy | 3.19% | |
| Materials | 2.48% | |
| Utilities | 1.87% | |
| Consumer Discretionary | 0.25% | |
| Healthcare | 0% | 0 |
| Telecom | -0.17% | |
| Financials | -0.29% | |
| Consumer Staples | -0.59% | |
| Real Estate | -0.65% | |
| Industrials | -3.63% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 7.7x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Materials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 94.4x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 40% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Materials sector is expected to see its earnings decline by 11% 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.ع0.46 | 4.1% +ر.ع143.4m | 30.5% | PE11.8x | Energy | |
| OQGN OQ Gas Networks SAOG | ر.ع0.21 | 7.6% +ر.ع64.9m | 37.4% | PE17.4x | Energy | |
| OMIF Oman India Fertiliser Company SAOG | ر.ع0.20 | 3.7% +ر.ع46.8m | n/a | PE10.5x | Materials | |
| OMVS Oman International Development and Investment Company SAOG | ر.ع0.41 | 5.6% +ر.ع24.7m | 119.4% | PE13.5x | Financials | |
| ABRJ Abraj Energy Services SAOG | ر.ع0.38 | 8.8% +ر.ع23.9m | 42.8% | PE16.7x | Energy |
