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Omani (MSM) Market Analysis & Valuation
UpdatedDec 23, 2025
DataAggregated Company Financials
Companies100
- 7D-1.0%
- 3M13.2%
- 1Y24.9%
- YTD23.6%
The Real Estate sector gained 3.6% while the market remained flat over the last week. As for the longer term, the market has risen 25% in the past 12 months. Earnings are forecast to grow by 6.7% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.2x | 11.5x | 1.3x |
| Fri, 21 Nov 2025 | ر.ع15.4b | ر.ع12.3b | ر.ع1.4b | 10.3x | 11.2x | 1.3x |
| Sun, 19 Oct 2025 | ر.ع14.6b | ر.ع12.3b | ر.ع1.4b | 9.7x | 10.5x | 1.2x |
| Tue, 16 Sep 2025 | ر.ع14.1b | ر.ع12.1b | ر.ع1.4b | 10.2x | 10.3x | 1.2x |
| Thu, 14 Aug 2025 | ر.ع13.7b | ر.ع12.1b | ر.ع1.4b | 10.3x | 10x | 1.1x |
| Sat, 12 Jul 2025 | ر.ع12.9b | ر.ع11.6b | ر.ع1.2b | 10.6x | 10.6x | 1.1x |
| Mon, 09 Jun 2025 | ر.ع12.6b | ر.ع11.6b | ر.ع1.2b | 10.1x | 10.3x | 1.1x |
| Wed, 07 May 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.6x | 9.6x | 1x |
| Fri, 04 Apr 2025 | ر.ع12.3b | ر.ع11.5b | ر.ع1.2b | 9.9x | 10.1x | 1.1x |
| Sun, 02 Mar 2025 | ر.ع11.9b | ر.ع11.5b | ر.ع1.4b | 10.5x | 8.4x | 1x |
| Tue, 28 Jan 2025 | ر.ع12.1b | ر.ع10.1b | ر.ع872.3m | 10.3x | 13.9x | 1.2x |
| Thu, 26 Dec 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع699.7m | 10.7x | 17x | 1.2x |
| Sat, 23 Nov 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع687.7m | 10.6x | 17.3x | 1.2x |
| Mon, 21 Oct 2024 | ر.ع9.3b | ر.ع10.1b | ر.ع685.0m | 11x | 13.5x | 0.9x |
| Wed, 18 Sep 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع680.4m | 11x | 13.4x | 0.9x |
| Fri, 16 Aug 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع681.9m | 11.4x | 13.3x | 0.9x |
| Sun, 14 Jul 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع677.8m | 11.6x | 13.4x | 0.9x |
| Tue, 11 Jun 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع673.8m | 12.2x | 13.5x | 0.9x |
| Thu, 09 May 2024 | ر.ع9.2b | ر.ع9.8b | ر.ع680.2m | 11.6x | 13.5x | 0.9x |
| Sat, 06 Apr 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع648.5m | 11.4x | 14x | 0.9x |
| Mon, 04 Mar 2024 | ر.ع8.9b | ر.ع9.6b | ر.ع740.8m | 11.3x | 12x | 0.9x |
| Wed, 31 Jan 2024 | ر.ع9.3b | ر.ع9.7b | ر.ع787.2m | 11.4x | 11.8x | 1x |
| Fri, 29 Dec 2023 | ر.ع9.2b | ر.ع9.6b | ر.ع792.5m | 11.6x | 11.6x | 1x |
| Sun, 26 Nov 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.2m | 11.8x | 11.8x | 1x |
| Tue, 24 Oct 2023 | ر.ع8.5b | ر.ع9.5b | ر.ع760.2m | 12x | 11.2x | 0.9x |
| Thu, 21 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع627.7m | 11.7x | 13.8x | 0.9x |
| Sat, 19 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع587.3m | 13.3x | 15x | 0.9x |
| Mon, 17 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.7m | 13.7x | 14.8x | 0.9x |
| Wed, 14 Jun 2023 | ر.ع8.6b | ر.ع9.3b | ر.ع578.7m | 12.6x | 14.8x | 0.9x |
| Fri, 12 May 2023 | ر.ع8.5b | ر.ع9.1b | ر.ع617.0m | 13.2x | 13.8x | 0.9x |
| Sun, 09 Apr 2023 | ر.ع8.5b | ر.ع9.0b | ر.ع594.5m | 12x | 14.4x | 0.9x |
| Tue, 07 Mar 2023 | ر.ع8.5b | ر.ع8.7b | ر.ع558.8m | 12x | 15.1x | 1x |
| Thu, 02 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع551.9m | 10.8x | 14.9x | 0.9x |
| Sat, 31 Dec 2022 | ر.ع8.4b | ر.ع8.6b | ر.ع486.6m | 10.9x | 17.2x | 1x |
Price to Earnings Ratio
17.2x
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 12.7x.
Past Earnings Growth
- The earnings for Omani listed companies have grown 42% 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 | -0.98% | |
| Real Estate | 3.56% | |
| Consumer Discretionary | 1.03% | |
| Materials | 0.67% | |
| Industrials | 0.078% | |
| Healthcare | 0% | 0 |
| Consumer Staples | -0.11% | |
| Utilities | -0.83% | |
| Telecom | -0.97% | |
| Financials | -1.08% | |
| Energy | -1.49% | |
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 26.4x.
- 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 5.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% 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 | |
|---|---|---|---|---|---|---|
| ABOB Ahli Bank SAOG | ر.ع0.17 | 2.4% +ر.ع10.8m | 16.0% | PB0.8x | Financials | |
| NBOB National Bank of Oman SAOG | ر.ع0.38 | 1.6% +ر.ع9.8m | 27.0% | PB0.8x | Financials | |
| BKDB Bank Dhofar SAOG | ر.ع0.15 | 2.0% +ر.ع9.1m | -5.5% | PB0.6x | Financials | |
| OQGN OQ Gas Networks SAOG | ر.ع0.20 | 1.0% +ر.ع8.7m | 48.9% | PE17.3x | Energy | |
| BKMB Bank Muscat SAOG | ر.ع0.34 | 0.3% +ر.ع7.5m | 34.1% | PB1x | Financials |