Narrative Update • Jun 24
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Omani (MSM) Market Analysis & Valuation
UpdatedJun 26, 2026
DataAggregated Company Financials
Companies98
- 7D-3.0%
- 3M-7.0%
- 1Y51.9%
- YTD22.2%
Over the last 7 days, the market has dropped 3.0%, driven by a loss of 4.1% in the Energy sector. On the other hand, the Consumer Discretionary has risen by 3.9%. In the last year, the market is actually up 52%. Earnings are forecast to grow by 6.9% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | ر.ع19.4b | ر.ع13.2b | ر.ع1.4b | 12.4x | 13.6x | 1.5x |
| Sun, 24 May 2026 | ر.ع20.3b | ر.ع13.2b | ر.ع1.4b | 12.8x | 14.2x | 1.5x |
| Tue, 21 Apr 2026 | ر.ع21.7b | ر.ع13.1b | ر.ع1.4b | 14.1x | 15.4x | 1.6x |
| Thu, 19 Mar 2026 | ر.ع20.7b | ر.ع13.1b | ر.ع1.4b | 12.9x | 14.6x | 1.6x |
| Sat, 14 Feb 2026 | ر.ع19.2b | ر.ع12.5b | ر.ع1.4b | 12.5x | 13.9x | 1.5x |
| Mon, 12 Jan 2026 | ر.ع16.6b | ر.ع12.4b | ر.ع1.4b | 10.8x | 12x | 1.3x |
| Wed, 10 Dec 2025 | ر.ع16.1b | ر.ع12.4b | ر.ع1.4b | 10.3x | 11.6x | 1.3x |
| Fri, 07 Nov 2025 | ر.ع15.2b | ر.ع12.3b | ر.ع1.4b | 10x | 10.6x | 1.2x |
| Sun, 05 Oct 2025 | ر.ع14.4b | ر.ع12.1b | ر.ع1.4b | 9.9x | 10.5x | 1.2x |
| Tue, 02 Sep 2025 | ر.ع14.2b | ر.ع12.1b | ر.ع1.4b | 10.4x | 10.4x | 1.2x |
| Thu, 31 Jul 2025 | ر.ع13.2b | ر.ع12.0b | ر.ع1.3b | 10.6x | 10.1x | 1.1x |
| Sat, 28 Jun 2025 | ر.ع12.7b | ر.ع11.6b | ر.ع1.2b | 10x | 10.4x | 1.1x |
| Mon, 26 May 2025 | ر.ع12.4b | ر.ع11.6b | ر.ع1.2b | 10.1x | 10.1x | 1.1x |
| Wed, 23 Apr 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.4x | 9.7x | 1x |
| Fri, 21 Mar 2025 | ر.ع12.3b | ر.ع11.1b | ر.ع1.2b | 9.9x | 10.6x | 1.1x |
| Sun, 16 Feb 2025 | ر.ع11.8b | ر.ع15.8b | -ر.ع129,079,794.00 | 10.4x | -91.6x | 0.7x |
| Tue, 14 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع699.7m | 11.2x | 17.6x | 1.2x |
| Thu, 12 Dec 2024 | ر.ع11.5b | ر.ع10.1b | ر.ع710.1m | 10.8x | 16.2x | 1.1x |
| Sat, 09 Nov 2024 | ر.ع12.1b | ر.ع10.1b | ر.ع685.6m | 10.5x | 17.6x | 1.2x |
| Mon, 07 Oct 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.6m | 10.8x | 13.2x | 0.9x |
| Wed, 04 Sep 2024 | ر.ع9.2b | ر.ع10.0b | ر.ع680.1m | 11.2x | 13.6x | 0.9x |
| Fri, 02 Aug 2024 | ر.ع9.0b | ر.ع9.9b | ر.ع692.9m | 11.3x | 13.1x | 0.9x |
| Sun, 30 Jun 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع678.5m | 12x | 13.4x | 0.9x |
| Tue, 28 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.3m | 11.8x | 13.7x | 0.9x |
| Thu, 25 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع680.7m | 11.5x | 13.4x | 0.9x |
| Sat, 23 Mar 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع644.3m | 11.5x | 14.2x | 0.9x |
| Mon, 19 Feb 2024 | ر.ع8.9b | ر.ع9.5b | ر.ع736.1m | 11.4x | 12.1x | 0.9x |
| Wed, 17 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.6x | 11.7x | 1x |
| Fri, 15 Dec 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.7x | 11.7x | 1x |
| Sun, 12 Nov 2023 | ر.ع9.0b | ر.ع9.6b | ر.ع772.0m | 11.8x | 11.6x | 0.9x |
| Tue, 10 Oct 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع626.2m | 12x | 14x | 0.9x |
| Thu, 07 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 12.5x | 13.9x | 0.9x |
| Sat, 05 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.3m | 13.6x | 14.9x | 0.9x |
| Mon, 03 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.7m | 13.3x | 14.7x | 0.9x |
Price to Earnings Ratio
14.7x
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 12.5x.
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 12% 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 | -3.03% | |
| Consumer Discretionary | 3.87% | |
| Industrials | 0.68% | |
| Real Estate | 0.65% | |
| Utilities | 0.49% | |
| Healthcare | 0% | 0 |
| Consumer Staples | -0.76% | |
| Financials | -2.56% | |
| Materials | -3.96% | |
| Energy | -4.13% | |
| Telecom | -6.76% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 7.0x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 27.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 9.6% 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 | |
|---|---|---|---|---|---|---|
| PHPC Phoenix Power Company SAOG | ر.ع0.24 | 4.3% +ر.ع14.6m | 245.7% | PE13.4x | Utilities | |
| OCAI Oman Cables Industry SAOG | ر.ع3.23 | 4.2% +ر.ع11.7m | 40.4% | PE11.9x | Industrials | |
| OETI Oman Education & Training Investment Company SAOG | ر.ع1.80 | 5.9% +ر.ع7.0m | 50.0% | PE10.5x | Consumer Discretionary | |
| MHAS Al Maha Petroleum Products Marketing Company SAOG | ر.ع1.14 | 8.1% +ر.ع5.9m | 26.2% | PE10.8x | Energy | |
| ATMI Al Jazeera Steel Products Company SAOG | ر.ع0.81 | 5.7% +ر.ع5.5m | 117.3% | PE10.8x | Materials |