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Omani (MSM) Market Analysis & Valuation
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies100
- 7D1.2%
- 3M13.0%
- 1Y32.8%
- YTD7.6%
The market is up 1.2% over the last week, with the Financials sector leading the way, up 2.0%. The market is up 33% over the last 12 months. Looking forward, earnings are forecast to grow by 6.8% 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, 04 Feb 2026 | ر.ع17.2b | ر.ع12.5b | ر.ع1.4b | 11.4x | 12.4x | 1.4x |
| Fri, 02 Jan 2026 | ر.ع16.0b | ر.ع12.4b | ر.ع1.4b | 10.2x | 11.5x | 1.3x |
| Sun, 30 Nov 2025 | ر.ع15.4b | ر.ع12.4b | ر.ع1.4b | 10.4x | 11.2x | 1.2x |
| Tue, 28 Oct 2025 | ر.ع14.9b | ر.ع12.3b | ر.ع1.4b | 10.3x | 10.9x | 1.2x |
| Thu, 25 Sep 2025 | ر.ع14.1b | ر.ع12.1b | ر.ع1.4b | 9.9x | 10.3x | 1.2x |
| Sat, 23 Aug 2025 | ر.ع13.8b | ر.ع12.1b | ر.ع1.4b | 10x | 10.1x | 1.1x |
| Mon, 21 Jul 2025 | ر.ع13.0b | ر.ع12.0b | ر.ع1.3b | 10.5x | 10.1x | 1.1x |
| Wed, 18 Jun 2025 | ر.ع12.7b | ر.ع11.6b | ر.ع1.2b | 10x | 10.4x | 1.1x |
| Fri, 16 May 2025 | ر.ع12.1b | ر.ع11.6b | ر.ع1.2b | 9.9x | 9.9x | 1x |
| Sun, 13 Apr 2025 | ر.ع11.8b | ر.ع11.5b | ر.ع1.2b | 9.9x | 9.8x | 1x |
| Tue, 11 Mar 2025 | ر.ع11.7b | ر.ع11.2b | ر.ع1.2b | 10.1x | 10.1x | 1x |
| Thu, 06 Feb 2025 | ر.ع12.0b | ر.ع10.4b | ر.ع855.8m | 10.5x | 14x | 1.2x |
| Sat, 04 Jan 2025 | ر.ع12.2b | ر.ع10.1b | ر.ع699.7m | 11.3x | 17.4x | 1.2x |
| Mon, 02 Dec 2024 | ر.ع11.9b | ر.ع10.1b | ر.ع694.3m | 11.1x | 17.1x | 1.2x |
| Wed, 30 Oct 2024 | ر.ع12.1b | ر.ع10.1b | ر.ع676.4m | 10.8x | 17.9x | 1.2x |
| Fri, 27 Sep 2024 | ر.ع9.1b | ر.ع10.0b | ر.ع680.4m | 10.7x | 13.3x | 0.9x |
| Sun, 25 Aug 2024 | ر.ع9.0b | ر.ع10.0b | ر.ع680.1m | 11.4x | 13.3x | 0.9x |
| Tue, 23 Jul 2024 | ر.ع9.0b | ر.ع9.9b | ر.ع676.0m | 11.2x | 13.3x | 0.9x |
| Thu, 20 Jun 2024 | ر.ع9.0b | ر.ع9.9b | ر.ع676.8m | 12.2x | 13.4x | 0.9x |
| Sat, 18 May 2024 | ر.ع9.2b | ر.ع9.9b | ر.ع683.3m | 11.6x | 13.4x | 0.9x |
| Mon, 15 Apr 2024 | ر.ع9.1b | ر.ع9.8b | ر.ع661.9m | 11.6x | 13.8x | 0.9x |
| Wed, 13 Mar 2024 | ر.ع9.1b | ر.ع9.7b | ر.ع738.8m | 11.5x | 12.3x | 0.9x |
| Fri, 09 Feb 2024 | ر.ع8.8b | ر.ع9.5b | ر.ع751.0m | 11.4x | 11.8x | 0.9x |
| Sun, 07 Jan 2024 | ر.ع9.3b | ر.ع9.6b | ر.ع793.8m | 11.7x | 11.7x | 1x |
| Tue, 05 Dec 2023 | ر.ع9.4b | ر.ع9.6b | ر.ع789.0m | 12.2x | 11.9x | 1x |
| Thu, 02 Nov 2023 | ر.ع9.0b | ر.ع9.5b | ر.ع769.6m | 12x | 11.7x | 0.9x |
| Sat, 30 Sep 2023 | ر.ع8.6b | ر.ع9.4b | ر.ع626.1m | 11.8x | 13.8x | 0.9x |
| Mon, 28 Aug 2023 | ر.ع8.8b | ر.ع9.4b | ر.ع625.2m | 12.5x | 14.1x | 0.9x |
| Wed, 26 Jul 2023 | ر.ع8.8b | ر.ع9.3b | ر.ع603.5m | 13.5x | 14.6x | 0.9x |
| Fri, 23 Jun 2023 | ر.ع8.7b | ر.ع9.3b | ر.ع579.9m | 12.9x | 14.9x | 0.9x |
| Sun, 21 May 2023 | ر.ع8.6b | ر.ع9.3b | ر.ع576.9m | 13x | 14.8x | 0.9x |
| Tue, 18 Apr 2023 | ر.ع8.6b | ر.ع9.0b | ر.ع598.5m | 12x | 14.4x | 1x |
| Thu, 16 Mar 2023 | ر.ع8.7b | ر.ع8.9b | ر.ع576.1m | 12.4x | 15.2x | 1x |
| Sat, 11 Feb 2023 | ر.ع8.3b | ر.ع8.7b | ر.ع553.6m | 11.1x | 15x | 1x |
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 12.5x.
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 | 1.19% | |
| Financials | 2.00% | |
| Materials | 1.62% | |
| Energy | 1.11% | |
| Industrials | 0.38% | |
| Real Estate | 0% | 0 |
| Healthcare | 0% | 0 |
| Telecom | -0.56% | |
| Consumer Discretionary | -0.74% | |
| Consumer Staples | -0.94% | |
| Utilities | -1.50% | |
Sector PE
- Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 90.7x.
- Analysts are expecting annual earnings decline of 7.7%, which is less than its past year's earnings decline of 18.0% per year.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 7.7% 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 | |
|---|---|---|---|---|---|---|
| BKMB Bank Muscat SAOG | ر.ع0.37 | 3.7% +ر.ع97.6m | 41.7% | PB1.1x | Financials | |
| OQEP OQ Exploration and Production SAOG | ر.ع0.40 | 1.5% +ر.ع48.0m | 23.0% | PE10.8x | Energy | |
| OQGN OQ Gas Networks SAOG | ر.ع0.21 | 2.5% +ر.ع21.6m | 56.4% | PE18.4x | Energy | |
| BKDB Bank Dhofar SAOG | ر.ع0.19 | 3.9% +ر.ع21.3m | 20.1% | PB0.7x | Financials | |
| NFCI National Finance Company SAOG | ر.ع0.21 | 18.6% +ر.ع20.1m | 71.2% | PE11x | Financials |