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Omani (MSM) Banks Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies7
  • 7D0.5%
  • 3M29.8%
  • 1Y58.7%
  • YTD31.2%

The Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 60% over the past 12 months. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

Has the Omani Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026ر.ع7.5bر.ع1.3bر.ع498.7m15.3x15.1x5.7x
Sat, 21 Feb 2026ر.ع7.1bر.ع1.3bر.ع499.6m15.2x14.3x5.4x
Mon, 19 Jan 2026ر.ع6.0bر.ع1.3bر.ع515.3m11.8x11.7x4.6x
Wed, 17 Dec 2025ر.ع5.7bر.ع1.3bر.ع465.4m12.6x12.3x4.5x
Fri, 14 Nov 2025ر.ع5.6bر.ع1.3bر.ع463.8m13.1x12.1x4.4x
Sun, 12 Oct 2025ر.ع5.4bر.ع1.2bر.ع458.1m12.3x11.8x4.4x
Tue, 09 Sep 2025ر.ع5.1bر.ع1.2bر.ع458.1m11.1x11.2x4.1x
Thu, 07 Aug 2025ر.ع5.0bر.ع1.2bر.ع461.4m11.2x10.8x4x
Sat, 05 Jul 2025ر.ع4.7bر.ع1.2bر.ع449.4m11.4x10.5x3.9x
Mon, 02 Jun 2025ر.ع4.7bر.ع1.2bر.ع449.4m11.9x10.6x3.9x
Wed, 30 Apr 2025ر.ع4.5bر.ع1.2bر.ع440.4m11.9x10.3x3.7x
Fri, 28 Mar 2025ر.ع4.7bر.ع1.2bر.ع439.3m12.6x10.6x3.9x
Sun, 23 Feb 2025ر.ع4.6bر.ع1.2bر.ع439.6m12.3x10.4x3.8x
Tue, 21 Jan 2025ر.ع4.7bر.ع1.2bر.ع464.8m10.2x10.2x3.9x
Thu, 19 Dec 2024ر.ع4.5bر.ع1.1bر.ع337.7m13.4x13.3x4.1x
Sat, 16 Nov 2024ر.ع4.6bر.ع1.1bر.ع333.8m13.2x13.8x4.3x
Mon, 14 Oct 2024ر.ع4.6bر.ع1.1bر.ع327.4m13.6x13.9x4.3x
Wed, 11 Sep 2024ر.ع4.5bر.ع1.1bر.ع327.4m13.6x13.7x4.3x
Fri, 09 Aug 2024ر.ع4.4bر.ع1.1bر.ع327.3m13.5x13.3x4.1x
Sun, 07 Jul 2024ر.ع4.4bر.ع1.0bر.ع304.0m13.7x14.3x4.3x
Tue, 04 Jun 2024ر.ع4.5bر.ع1.0bر.ع304.0m14.6x14.8x4.4x
Thu, 02 May 2024ر.ع4.5bر.ع1.0bر.ع301.1m13.7x14.8x4.4x
Sat, 30 Mar 2024ر.ع4.3bر.ع978.0mر.ع285.8m13.4x14.9x4.4x
Mon, 26 Feb 2024ر.ع4.2bر.ع1.1bر.ع384.0m13.6x11x3.9x
Wed, 24 Jan 2024ر.ع4.7bر.ع1.2bر.ع420.6m13x11.1x4x
Fri, 22 Dec 2023ر.ع4.6bر.ع1.1bر.ع395.3m13x11.7x4.1x
Sun, 19 Nov 2023ر.ع4.7bر.ع1.1bر.ع389.3m13x12x4.1x
Tue, 17 Oct 2023ر.ع4.7bر.ع1.1bر.ع372.1m13.2x12.8x4.3x
Thu, 14 Sep 2023ر.ع4.7bر.ع1.1bر.ع369.8m13.2x12.8x4.3x
Sat, 12 Aug 2023ر.ع4.7bر.ع1.1bر.ع367.6m13.2x12.9x4.3x
Mon, 10 Jul 2023ر.ع4.7bر.ع1.1bر.ع376.7m14.8x12.6x4.3x
Wed, 07 Jun 2023ر.ع4.6bر.ع1.1bر.ع371.5m14.3x12.3x4.2x
Fri, 05 May 2023ر.ع4.6bر.ع1.1bر.ع371.5m13.7x12.3x4.2x
Sun, 02 Apr 2023ر.ع4.5bر.ع1.1bر.ع347.9m14.3x13x4.3x
Price to Earnings Ratio

13x


Total Market Cap: ر.ع4.5bTotal Earnings: ر.ع347.9mTotal Revenue: ر.ع1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Omani Banks Industry Price to Earnings3Y Average 12.4x202420252026
Current Industry PE
  • Investors are optimistic on the Omani Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.1x which is higher than its 3-year average PE of 12.4x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 7.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Omani Financials industry?

OM Market1.93%
Financials0.75%
Banks0.54%
Regional Banks1.27%
Diversified Banks0.51%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 13.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.8% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BKSB Sohar International Bank SAOGر.ع0.232.7%
+ر.ع39.7m		65.4%PB1.3x
BKDB Bank Dhofar SAOGر.ع0.203.7%
+ر.ع21.3m		38.5%PB0.8x
ABOB Ahli Bank SAOGر.ع0.201.0%
+ر.ع5.4m		20.4%PB0.8x
BKNZ Bank Nizwa SAOGر.ع0.161.3%
+ر.ع4.5m		59.0%PB0.2x

Latest News

BKSB
ر.ع0.23
Sohar International Bank SAOG
7D
2.7%
1Y
65.4%

BKSB: Hong Kong Office Approval And Cash Dividend Will Keep Shares Overvalued

Analysts have kept their OMR 0.17 price target for Sohar International Bank SAOG broadly unchanged, citing stable assumptions for fair value, discount rate, revenue growth, profit margin and future P/E in their updated models. What's in the News Sohar International Bank SAOG has scheduled a special or extraordinary shareholders meeting for March 31, 2026, which may be relevant if you track governance decisions or capital actions (company disclosure).
BKMB
ر.ع0.47
Bank Muscat SAOG
7D
-0.8%
1Y
77.8%

BKMB: Steady Dividend Outlook Will Likely Mask Overvaluation Risk

Analysts have kept their price target for Bank Muscat SAOG steady at about OMR0.41, reflecting largely unchanged assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Amendment of the Articles of Association approved, signaling updates to the bank's governing framework (Key Developments) Special or Extraordinary Shareholders Meeting scheduled for Mar 17, 2026, giving investors a key date to watch for shareholder decisions (Key Developments) Board meeting on Jan 27, 2026 set to review financial results for the year ended Dec 31, 2025 and to consider the dividend for 2025 (Key Developments) Proposed 18% cash dividend for 2025 at OMR 0.018 per share, totaling OMR 135.115m, subject to approval at the Annual General Meeting and by regulators, with the bank indicating a post payout Capital Adequacy Ratio of 19.66% compared with the regulatory minimum (Key Developments) Valuation Changes Fair Value: OMR 0.40533 remains unchanged, indicating a steady central estimate in the current model.
BKNZ
ر.ع0.16
Bank Nizwa SAOG
7D
1.3%
1Y
59.0%
ABOB
ر.ع0.20
Ahli Bank SAOG
7D
1.0%
1Y
20.4%
BKDB
ر.ع0.20
Bank Dhofar SAOG
7D
3.7%
1Y
38.5%