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Omani (MSM) Market Analysis & Valuation
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies100
- 7D-0.8%
- 3M10.6%
- 1Y11.9%
- YTD17.4%
In the last week, the market has been flat. Meanwhile, the market is actually up 12% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | ر.ع15.2b | ر.ع12.3b | ر.ع1.4b | 10x | 11.1x | 1.2x |
| Mon, 06 Oct 2025 | ر.ع14.5b | ر.ع12.1b | ر.ع1.4b | 9.9x | 10.6x | 1.2x |
| Wed, 03 Sep 2025 | ر.ع14.3b | ر.ع12.1b | ر.ع1.4b | 10.4x | 10.5x | 1.2x |
| Fri, 01 Aug 2025 | ر.ع13.3b | ر.ع12.0b | ر.ع1.3b | 10.6x | 10.2x | 1.1x |
| Sun, 29 Jun 2025 | ر.ع12.7b | ر.ع11.6b | ر.ع1.2b | 10x | 10.4x | 1.1x |
| Tue, 27 May 2025 | ر.ع12.3b | ر.ع11.6b | ر.ع1.2b | 10.2x | 10x | 1.1x |
| Thu, 24 Apr 2025 | ر.ع11.8b | ر.ع11.6b | ر.ع1.2b | 9.3x | 9.7x | 1x |
| Sat, 22 Mar 2025 | ر.ع12.3b | ر.ع11.1b | ر.ع1.2b | 9.9x | 10.6x | 1.1x |
| Mon, 17 Feb 2025 | ر.ع11.8b | ر.ع15.8b | -ر.ع129,108,742.00 | 10.4x | -91.3x | 0.7x |
| Wed, 15 Jan 2025 | ر.ع12.3b | ر.ع10.1b | ر.ع699.8m | 11.2x | 17.6x | 1.2x |
| Fri, 13 Dec 2024 | ر.ع11.5b | ر.ع10.1b | ر.ع698.4m | 10.8x | 16.5x | 1.1x |
| Sun, 10 Nov 2024 | ر.ع12.1b | ر.ع10.1b | ر.ع685.3m | 10.5x | 17.6x | 1.2x |
| Tue, 08 Oct 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.6m | 10.8x | 13.3x | 0.9x |
| Thu, 05 Sep 2024 | ر.ع9.2b | ر.ع10.0b | ر.ع680.1m | 11.3x | 13.6x | 0.9x |
| Sat, 03 Aug 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع692.8m | 11.3x | 13.1x | 0.9x |
| Mon, 01 Jul 2024 | ر.ع9.1b | ر.ع9.9b | ر.ع678.5m | 11.9x | 13.4x | 0.9x |
| Wed, 29 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع673.3m | 12.1x | 13.7x | 0.9x |
| Fri, 26 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع680.7m | 11.6x | 13.4x | 0.9x |
| Sun, 24 Mar 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع644.3m | 11.5x | 14.2x | 0.9x |
| Tue, 20 Feb 2024 | ر.ع8.9b | ر.ع9.5b | ر.ع736.1m | 11.4x | 12.1x | 0.9x |
| Thu, 18 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.6x | 11.7x | 1x |
| Sat, 16 Dec 2023 | ر.ع9.3b | ر.ع9.6b | ر.ع790.4m | 11.7x | 11.7x | 1x |
| Mon, 13 Nov 2023 | ر.ع9.0b | ر.ع9.6b | ر.ع772.0m | 11.7x | 11.6x | 0.9x |
| Wed, 11 Oct 2023 | ر.ع8.8b | ر.ع9.4b | ر.ع626.2m | 12.2x | 14x | 0.9x |
| Fri, 08 Sep 2023 | ر.ع8.7b | ر.ع9.4b | ر.ع625.2m | 12x | 13.9x | 0.9x |
| Sun, 06 Aug 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع594.3m | 13.6x | 14.9x | 0.9x |
| Tue, 04 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع595.7m | 13.6x | 14.7x | 0.9x |
| Thu, 01 Jun 2023 | ر.ع8.4b | ر.ع9.3b | ر.ع577.7m | 12.7x | 14.6x | 0.9x |
| Sat, 29 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع603.7m | 12.3x | 14.3x | 1x |
| Mon, 27 Mar 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع594.5m | 12.7x | 14.5x | 1x |
| Wed, 22 Feb 2023 | ر.ع8.2b | ر.ع8.7b | ر.ع554.9m | 11.1x | 14.8x | 0.9x |
| Fri, 20 Jan 2023 | ر.ع8.3b | ر.ع8.7b | ر.ع573.9m | 10.9x | 14.5x | 1x |
| Sun, 18 Dec 2022 | ر.ع8.5b | ر.ع8.6b | ر.ع486.0m | 11.3x | 17.4x | 1x |
| Tue, 15 Nov 2022 | ر.ع7.9b | ر.ع8.4b | ر.ع562.8m | 11.1x | 14.1x | 0.9x |
Price to Earnings Ratio
14.1x
Current Market PE
- Investors are pessimistic on the Omani market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.6x which is lower than its 3-year average PE of 12.8x.
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 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 | -0.76% | |
| Consumer Discretionary | 2.70% | |
| Consumer Staples | 2.35% | |
| Energy | 0.15% | |
| Real Estate | 0% | 0 |
| Healthcare | 0% | 0 |
| Industrials | -0.61% | |
| Telecom | -0.67% | |
| Materials | -1.27% | |
| Financials | -1.52% | |
| Utilities | -1.59% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 45.5x.
- 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 16% 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 3.0% 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.ع0.36 | 1.4% +ر.ع40.0m | 0% | PE10.1x | Energy | |
| ORCI Oman Refreshment Company SAOG | ر.ع1.49 | 8.9% +ر.ع6.1m | 48.0% | PE39.2x | Consumer Staples | |
| OETI Oman Education & Training Investment Company SAOG | ر.ع1.55 | 3.3% +ر.ع3.5m | 89.0% | PE11.1x | Consumer Discretionary | |
| RNSS Renaissance Services SAOG | ر.ع0.29 | 5.8% +ر.ع3.4m | -22.2% | PE7.7x | Industrials | |
| BKNZ Bank Nizwa SAOG | ر.ع0.10 | 1.0% +ر.ع2.2m | 1.0% | PB0.1x | Financials |