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Omani (MSM) Market Analysis & Valuation
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies100
- 7D3.4%
- 3M14.6%
- 1Y25.1%
- YTD3.4%
Over the last 7 days, the market has risen 3.4%, driven by gains in every sector, especially the Financials sector. As for the past 12 months, the market is up 25%. Earnings are forecast to grow by 6.0% 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 |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | ر.ع16.5b | ر.ع12.4b | ر.ع1.4b | 10.8x | 11.9x | 1.3x |
| Tue, 09 Dec 2025 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.3x | 11.5x | 1.3x |
| Thu, 06 Nov 2025 | ر.ع15.2b | ر.ع12.3b | ر.ع1.4b | 10x | 10.7x | 1.2x |
| Sat, 04 Oct 2025 | ر.ع14.4b | ر.ع12.1b | ر.ع1.4b | 9.9x | 10.5x | 1.2x |
| Mon, 01 Sep 2025 | ر.ع14.0b | ر.ع12.1b | ر.ع1.4b | 10.4x | 10.2x | 1.2x |
| Wed, 30 Jul 2025 | ر.ع13.2b | ر.ع12.0b | ر.ع1.3b | 10.7x | 10.3x | 1.1x |
| Fri, 27 Jun 2025 | ر.ع12.8b | ر.ع11.6b | ر.ع1.2b | 10x | 10.4x | 1.1x |
| Sun, 25 May 2025 | ر.ع12.4b | ر.ع11.6b | ر.ع1.2b | 10x | 10.1x | 1.1x |
| Tue, 22 Apr 2025 | ر.ع11.8b | ر.ع11.5b | ر.ع1.2b | 9.7x | 9.8x | 1x |
| Thu, 20 Mar 2025 | ر.ع12.3b | ر.ع11.1b | ر.ع1.2b | 9.9x | 10.5x | 1.1x |
| Sat, 15 Feb 2025 | ر.ع11.8b | ر.ع11.5b | ر.ع1.4b | 10.4x | 8.4x | 1x |
| Mon, 13 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع699.7m | 11.4x | 17.5x | 1.2x |
| Wed, 11 Dec 2024 | ر.ع11.7b | ر.ع10.1b | ر.ع710.1m | 10.7x | 16.5x | 1.2x |
| Fri, 08 Nov 2024 | ر.ع12.1b | ر.ع10.1b | ر.ع684.0m | 10.5x | 17.6x | 1.2x |
| Sun, 06 Oct 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.6m | 10.8x | 13.2x | 0.9x |
| Tue, 03 Sep 2024 | ر.ع9.2b | ر.ع10.0b | ر.ع680.1m | 11.2x | 13.6x | 0.9x |
| Thu, 01 Aug 2024 | ر.ع9.0b | ر.ع9.9b | ر.ع676.6m | 11.4x | 13.4x | 0.9x |
| Sat, 29 Jun 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع678.3m | 12x | 13.4x | 0.9x |
| Mon, 27 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.3m | 11.8x | 13.7x | 0.9x |
| Wed, 24 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع680.7m | 11.5x | 13.4x | 0.9x |
| Fri, 22 Mar 2024 | ر.ع9.2b | ر.ع9.7b | ر.ع643.5m | 11.5x | 14.2x | 0.9x |
| Sun, 18 Feb 2024 | ر.ع8.9b | ر.ع9.5b | ر.ع736.1m | 11.4x | 12.1x | 0.9x |
| Tue, 16 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع793.2m | 11.9x | 11.7x | 1x |
| Thu, 14 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع790.2m | 11.9x | 11.7x | 1x |
| Sat, 11 Nov 2023 | ر.ع9.0b | ر.ع9.6b | ر.ع772.0m | 11.8x | 11.6x | 0.9x |
| Mon, 09 Oct 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع626.2m | 12.2x | 14x | 0.9x |
| Wed, 06 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 12.5x | 14x | 0.9x |
| Fri, 04 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.3m | 13.6x | 14.9x | 0.9x |
| Sun, 02 Jul 2023 | ر.ع8.7b | ر.ع9.3b | ر.ع595.7m | 13.4x | 14.7x | 0.9x |
| Tue, 30 May 2023 | ر.ع8.4b | ر.ع9.3b | ر.ع577.8m | 12.6x | 14.6x | 0.9x |
| Thu, 27 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع603.7m | 12x | 14.3x | 1x |
| Sat, 25 Mar 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع593.5m | 12.7x | 14.6x | 1x |
| Mon, 20 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع554.9m | 11x | 14.7x | 0.9x |
| Wed, 18 Jan 2023 | ر.ع8.4b | ر.ع8.7b | ر.ع547.9m | 9.9x | 15.3x | 1x |
Price to Earnings Ratio
15.3x
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 12.6x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 36% 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 | 3.40% | |
| Consumer Staples | 5.00% | |
| Energy | 3.97% | |
| Financials | 3.76% | |
| Telecom | 2.54% | |
| Utilities | 1.90% | |
| Materials | 1.78% | |
| Real Estate | 1.38% | |
| Industrials | 0.81% | |
| Consumer Discretionary | 0.37% | |
| Healthcare | 0% | 0 |
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 26.6x.
- 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, which is trading close to its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 4.3% 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.ع0.38 | 3.6% +ر.ع104.0m | 11.5% | PE10.4x | Energy | |
| BKDB Bank Dhofar SAOG | ر.ع0.17 | 12.9% +ر.ع60.8m | 13.8% | PB0.7x | Financials | |
| BKMB Bank Muscat SAOG | ر.ع0.34 | 2.4% +ر.ع60.1m | 33.9% | PB1x | Financials | |
| ASCO Asyad Shipping Company SAOG | ر.ع0.19 | 5.5% +ر.ع52.1m | n/a | PE29.3x | Energy | |
| OQGN OQ Gas Networks SAOG | ر.ع0.21 | 5.1% +ر.ع43.3m | 52.6% | PE18.3x | Energy |