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Omani (MSM) Market Analysis & Valuation

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies99
  • 7D-1.4%
  • 3M28.0%
  • 1Y80.1%
  • YTD34.0%

Over the last 7 days, the market has dropped 1.4%, driven by a loss of 2.1% in the Energy sector. In contrast to the last week, the market is actually up 80% over the past year. Earnings are forecast to grow by 4.9% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Omani Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026ر.ع21.3bر.ع12.9bر.ع1.4b13.6x15x1.6x
Wed, 11 Mar 2026ر.ع20.7bر.ع12.9bر.ع1.4b12.4x14.7x1.6x
Fri, 06 Feb 2026ر.ع17.4bر.ع12.5bر.ع1.4b11.5x12.5x1.4x
Sun, 04 Jan 2026ر.ع16.0bر.ع12.4bر.ع1.4b10.2x11.5x1.3x
Tue, 02 Dec 2025ر.ع15.6bر.ع12.4bر.ع1.4b10.2x11.3x1.3x
Thu, 30 Oct 2025ر.ع15.2bر.ع12.3bر.ع1.4b10.3x11.1x1.2x
Sat, 27 Sep 2025ر.ع14.2bر.ع12.1bر.ع1.4b10x10.3x1.2x
Mon, 25 Aug 2025ر.ع14.0bر.ع12.1bر.ع1.4b9.8x10.3x1.2x
Wed, 23 Jul 2025ر.ع13.3bر.ع12.0bر.ع1.3b10.7x10.3x1.1x
Fri, 20 Jun 2025ر.ع12.7bر.ع11.6bر.ع1.2b10x10.3x1.1x
Sun, 18 May 2025ر.ع12.1bر.ع11.6bر.ع1.2b9.9x9.9x1x
Tue, 15 Apr 2025ر.ع11.8bر.ع11.5bر.ع1.2b9.9x9.7x1x
Thu, 13 Mar 2025ر.ع12.2bر.ع11.2bر.ع1.2b10x10.6x1.1x
Sat, 08 Feb 2025ر.ع12.0bر.ع11.5bر.ع1.4b10.6x8.5x1x
Mon, 06 Jan 2025ر.ع12.3bر.ع10.1bر.ع699.7m11.3x17.5x1.2x
Wed, 04 Dec 2024ر.ع11.8bر.ع10.1bر.ع694.3m11.1x17.1x1.2x
Fri, 01 Nov 2024ر.ع12.1bر.ع10.1bر.ع676.7m10.7x17.9x1.2x
Sun, 29 Sep 2024ر.ع9.1bر.ع10.0bر.ع680.4m10.7x13.3x0.9x
Tue, 27 Aug 2024ر.ع9.1bر.ع10.0bر.ع680.1m11.4x13.3x0.9x
Thu, 25 Jul 2024ر.ع9.0bر.ع9.9bر.ع676.0m11.3x13.3x0.9x
Sat, 22 Jun 2024ر.ع9.0bر.ع9.9bر.ع676.7m12.2x13.4x0.9x
Mon, 20 May 2024ر.ع9.2bر.ع9.9bر.ع683.4m11.6x13.4x0.9x
Wed, 17 Apr 2024ر.ع9.2bر.ع9.8bر.ع657.8m11.6x14x0.9x
Fri, 15 Mar 2024ر.ع9.1bر.ع9.7bر.ع741.2m11.5x12.3x0.9x
Sun, 11 Feb 2024ر.ع8.8bر.ع9.5bر.ع737.7m11.5x12x0.9x
Tue, 09 Jan 2024ر.ع9.3bر.ع9.6bر.ع793.8m11.4x11.7x1x
Thu, 07 Dec 2023ر.ع9.3bر.ع9.6bر.ع790.0m11.9x11.8x1x
Sat, 04 Nov 2023ر.ع8.9bر.ع9.5bر.ع763.1m12.5x11.7x0.9x
Mon, 02 Oct 2023ر.ع8.7bر.ع9.4bر.ع626.2m11.8x13.9x0.9x
Wed, 30 Aug 2023ر.ع8.8bر.ع9.4bر.ع625.2m12.5x14.1x0.9x
Fri, 28 Jul 2023ر.ع8.8bر.ع9.3bر.ع596.7m13.6x14.7x0.9x
Sun, 25 Jun 2023ر.ع8.7bر.ع9.3bر.ع595.7m13x14.6x0.9x
Tue, 23 May 2023ر.ع8.6bر.ع9.3bر.ع577.1m12.4x14.9x0.9x
Thu, 20 Apr 2023ر.ع8.6bر.ع9.0bر.ع599.5m12.1x14.4x1x
Price to Earnings Ratio

14.4x


Total Market Cap: ر.ع8.6bTotal Earnings: ر.ع599.5mTotal Revenue: ر.ع9.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Omani Market Price to Earnings3Y Average 12.5x202420252026
Current Market PE
  • Investors are optimistic on the Omani market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 12.5x.
Past Earnings Growth
  • The earnings for Omani listed companies have grown 33% 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-1.36%
Industrials2.66%
Consumer Staples1.13%
Materials0.74%
Real Estate0%0
Healthcare0%0
Telecom-1.07%
Financials-1.25%
Energy-2.09%
Utilities-3.99%
Consumer Discretionary-6.03%
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 92.2x.
    • Analysts are expecting annual earnings decline of 10.7%, which is less than its past year's earnings decline of 25.0% 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 6.2x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BKDB Bank Dhofar SAOGر.ع0.206.2%
+ر.ع36.5m		46.4%PB0.8xFinancials
OQBI OQ Base Industries (SFZ) SAOGر.ع0.312.3%
+ر.ع24.2m		205.0%PE20.6xMaterials
SPSI Salalah Port Services Company SAOGر.ع0.6917.4%
+ر.ع18.3m		192.3%PE16.9xIndustrials
RCCI Raysut Cement Company SAOGر.ع0.2032.0%
+ر.ع9.8m		124.4%PS0.4xMaterials
ABRJ Abraj Energy Services SAOGر.ع0.471.5%
+ر.ع5.4m		112.3%PE20.3xEnergy
See more

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Latest News

PHPC
ر.ع0.21
Phoenix Power Company SAOG
7D
-7.6%
1Y
245.0%
OQBI
ر.ع0.31
OQ Base Industries (SFZ) SAOG
7D
2.3%
1Y
205.0%
BKDB
ر.ع0.20
Bank Dhofar SAOG
7D
6.2%
1Y
46.4%

Branch Expansion And Digital Banking Will Drive A Stronger, More Diversified Earnings Profile

Catalysts About Bank Dhofar SAOG Bank Dhofar SAOG is an Oman based bank providing conventional and Islamic banking services to retail, corporate, government and institutional customers. What are the underlying business or industry changes driving this perspective?
OEIO
ر.ع0.15
Oman & Emirates Investment Holding Company SAOG
7D
25.0%
1Y
134.8%
BKMB
ر.ع0.47
Bank Muscat SAOG
7D
-1.0%
1Y
87.4%

Rising Digital And Funding Costs Will Pressure Margins And Earnings Sustainability

Catalysts About Bank Muscat SAOG Bank Muscat SAOG is a large Omani bank offering corporate, personal, wholesale, Islamic and international banking services. What are the underlying business or industry changes driving this perspective?
OQGN
ر.ع0.27
OQ Gas Networks SAOG
7D
-1.4%
1Y
109.2%

OQGN: Steady Assumptions And Dividend Policy Will Sustain Overvaluation

Analysts now hold the fair value estimate for OQ Gas Networks SAOG steady at OMR0.21075, with unchanged assumptions for discount rate, revenue growth, profit margin and future P/E. This reflects a view that the current valuation framework remains appropriate for the stock.
OFMI
ر.ع0.52
Oman Flour Mills Company SAOG
7D
4.4%
1Y
40.9%
ABRJ
ر.ع0.47
Abraj Energy Services SAOG
7D
1.5%
1Y
112.3%
OTEL
ر.ع1.54
Oman Telecommunications Company SAOG
7D
-1.2%
1Y
88.5%
SSPW
ر.ع0.22
Sembcorp Salalah Power & Water Company SAOG
7D
-5.9%
1Y
138.7%
OCAI
ر.ع2.85
Oman Cables Industry SAOG
7D
1.4%
1Y
29.5%
OMVS
ر.ع0.38
Oman International Development and Investment Company SAOG
7D
-2.6%
1Y
105.6%
RCCI
ر.ع0.20
Raysut Cement Company SAOG
7D
32.0%
1Y
124.4%
LIVA
ر.ع0.34
Liva Group SAOG
7D
-7.8%
1Y
26.8%
OQEP
ر.ع0.48
OQ Exploration and Production SAOG
7D
-1.4%
1Y
72.8%
SPSI
ر.ع0.69
Salalah Port Services Company SAOG
7D
17.4%
1Y
192.3%