Narrative Update • Jul 24
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Omani (MSM) Banks Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies7
- 7D0.2%
- 3M-7.8%
- 1Y37.9%
- YTD21.9%
In the last week, the Banks industry is flat overall, with Bank Dhofar SAOG standing out by going down 3.6%. The past year has been better, since the industry has gained 38% in that time. Looking forward, earnings are forecast to grow by 7.9% annually.
Industry Valuation and Performance
Has the Omani Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | ر.ع7.2b | ر.ع1.4b | ر.ع513.0m | 14.8x | 14.1x | 5.2x |
| Tue, 07 Jul 2026 | ر.ع7.2b | ر.ع1.3b | ر.ع505.4m | 16.6x | 14.2x | 5.3x |
| Thu, 04 Jun 2026 | ر.ع7.1b | ر.ع1.3b | ر.ع505.4m | 14.9x | 14x | 5.3x |
| Sat, 02 May 2026 | ر.ع7.7b | ر.ع1.3b | ر.ع508.9m | 15.1x | 15.2x | 5.8x |
| Mon, 30 Mar 2026 | ر.ع7.6b | ر.ع1.3b | ر.ع498.7m | 15.3x | 15.2x | 5.8x |
| Wed, 25 Feb 2026 | ر.ع7.2b | ر.ع1.3b | ر.ع499.6m | 15x | 14.4x | 5.5x |
| Fri, 23 Jan 2026 | ر.ع6.0b | ر.ع1.3b | ر.ع515.3m | 11.9x | 11.7x | 4.7x |
| Sun, 21 Dec 2025 | ر.ع5.7b | ر.ع1.3b | ر.ع465.4m | 12.7x | 12.3x | 4.5x |
| Tue, 18 Nov 2025 | ر.ع5.5b | ر.ع1.3b | ر.ع463.8m | 12.6x | 11.9x | 4.3x |
| Thu, 16 Oct 2025 | ر.ع5.5b | ر.ع1.3b | ر.ع467.5m | 11.7x | 11.8x | 4.3x |
| Sat, 13 Sep 2025 | ر.ع5.1b | ر.ع1.2b | ر.ع458.1m | 11.1x | 11.2x | 4.1x |
| Mon, 11 Aug 2025 | ر.ع5.0b | ر.ع1.2b | ر.ع458.5m | 11.5x | 10.9x | 4x |
| Wed, 09 Jul 2025 | ر.ع4.6b | ر.ع1.2b | ر.ع449.4m | 11.2x | 10.3x | 3.8x |
| Fri, 06 Jun 2025 | ر.ع4.8b | ر.ع1.2b | ر.ع449.4m | 11.9x | 10.6x | 3.9x |
| Sun, 04 May 2025 | ر.ع4.6b | ر.ع1.2b | ر.ع444.7m | 12x | 10.3x | 3.8x |
| Tue, 01 Apr 2025 | ر.ع4.5b | ر.ع1.2b | ر.ع439.3m | 12.6x | 10.3x | 3.8x |
| Thu, 27 Feb 2025 | ر.ع4.5b | ر.ع1.2b | ر.ع439.6m | 12.3x | 10.3x | 3.8x |
| Sat, 25 Jan 2025 | ر.ع4.7b | ر.ع1.2b | ر.ع464.8m | 10.2x | 10.2x | 3.9x |
| Mon, 23 Dec 2024 | ر.ع4.5b | ر.ع1.1b | ر.ع337.7m | 13.4x | 13.4x | 4.2x |
| Wed, 20 Nov 2024 | ر.ع4.6b | ر.ع1.1b | ر.ع333.6m | 13.2x | 13.8x | 4.3x |
| Fri, 18 Oct 2024 | ر.ع4.6b | ر.ع1.1b | ر.ع332.3m | 13.3x | 14x | 4.3x |
| Sun, 15 Sep 2024 | ر.ع4.5b | ر.ع1.1b | ر.ع327.4m | 13.6x | 13.7x | 4.3x |
| Tue, 13 Aug 2024 | ر.ع4.4b | ر.ع1.1b | ر.ع327.3m | 13.7x | 13.4x | 4.1x |
| Thu, 11 Jul 2024 | ر.ع4.4b | ر.ع1.0b | ر.ع304.0m | 13.6x | 14.4x | 4.3x |
| Sat, 08 Jun 2024 | ر.ع4.4b | ر.ع1.0b | ر.ع304.0m | 14.2x | 14.6x | 4.4x |
| Mon, 06 May 2024 | ر.ع4.5b | ر.ع1.0b | ر.ع301.0m | 14x | 14.9x | 4.4x |
| Wed, 03 Apr 2024 | ر.ع4.3b | ر.ع978.0m | ر.ع285.8m | 13.4x | 14.9x | 4.4x |
| Fri, 01 Mar 2024 | ر.ع4.2b | ر.ع1.1b | ر.ع384.0m | 13.6x | 10.9x | 3.9x |
| Sun, 28 Jan 2024 | ر.ع4.7b | ر.ع1.2b | ر.ع420.6m | 13x | 11.1x | 3.9x |
| Tue, 26 Dec 2023 | ر.ع4.6b | ر.ع1.1b | ر.ع395.3m | 13x | 11.7x | 4.1x |
| Thu, 23 Nov 2023 | ر.ع4.7b | ر.ع1.1b | ر.ع389.3m | 13x | 12x | 4.1x |
| Sat, 21 Oct 2023 | ر.ع4.6b | ر.ع1.1b | ر.ع372.1m | 13.3x | 12.4x | 4.2x |
| Mon, 18 Sep 2023 | ر.ع4.7b | ر.ع1.1b | ر.ع369.8m | 13.2x | 12.8x | 4.3x |
| Wed, 16 Aug 2023 | ر.ع4.8b | ر.ع1.1b | ر.ع367.6m | 13.2x | 12.9x | 4.3x |
Price to Earnings Ratio
12.9x
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 14.1x which is higher than its 3-year average PE of 12.6x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 Market | 1.19% | |
| Financials | 0.32% | |
| Banks | 0.21% | |
| Regional Banks | 2.24% | |
| Diversified Banks | 0.12% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 13.7x.
- 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 12.6x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 14% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.9% 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 | |
|---|---|---|---|---|---|
| BKSB Sohar International Bank SAOG | ر.ع0.18 | 1.1% +ر.ع15.4m | 29.5% | PB1.2x | |
| NBOB National Bank of Oman SAOG | ر.ع0.46 | 0.4% +ر.ع3.3m | 47.4% | PB0.8x | |
| BKNZ Bank Nizwa SAOG | ر.ع0.14 | 0.7% +ر.ع2.2m | 30.8% | PB0.2x |