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Moroccan (MASI) Market Analysis & Valuation
UpdatedNov 15, 2025
DataAggregated Company Financials
Companies72
- 7D-2.5%
- 3M-5.2%
- 1Y27.4%
- YTD27.3%
Over the last 7 days, the market has dropped 2.5%, driven by losses in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 27% over the past year. Looking forward, earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Nov 2025 | د.م968.9b | د.م324.9b | د.م44.8b | 22.7x | 21.6x | 3x |
| Thu, 16 Oct 2025 | د.م949.4b | د.م321.7b | د.م44.5b | 21.6x | 21.4x | 3x |
| Sat, 13 Sep 2025 | د.م1.0t | د.م311.8b | د.م43.4b | 24.8x | 23.7x | 3.3x |
| Mon, 11 Aug 2025 | د.م1.0t | د.م311.2b | د.م43.3b | 24.5x | 23.7x | 3.3x |
| Wed, 09 Jul 2025 | د.م972.9b | د.م309.7b | د.م37.3b | 24.7x | 26.1x | 3.1x |
| Fri, 06 Jun 2025 | د.م967.6b | د.م313.2b | د.م37.3b | 24.6x | 26x | 3.1x |
| Sun, 04 May 2025 | د.م898.7b | د.م294.8b | د.م33.2b | 23.7x | 27.1x | 3x |
| Tue, 01 Apr 2025 | د.م909.7b | د.م299.4b | د.م34.6b | 23.7x | 26.3x | 3x |
| Thu, 27 Feb 2025 | د.م864.2b | د.م298.1b | د.م33.6b | 23.2x | 25.7x | 2.9x |
| Sat, 25 Jan 2025 | د.م795.8b | د.م297.1b | د.م32.8b | 23.2x | 24.3x | 2.7x |
| Mon, 23 Dec 2024 | د.م742.5b | د.م299.1b | د.م32.8b | 22.1x | 22.6x | 2.5x |
| Wed, 20 Nov 2024 | د.م751.7b | د.م294.1b | د.م32.1b | 22.7x | 23.4x | 2.6x |
| Fri, 18 Oct 2024 | د.م717.6b | د.م294.1b | د.م32.1b | 21.6x | 22.3x | 2.4x |
| Sun, 15 Sep 2024 | د.م712.0b | د.م290.4b | د.م30.2b | 24x | 23.6x | 2.5x |
| Tue, 13 Aug 2024 | د.م703.8b | د.م291.1b | د.م30.0b | 22.4x | 23.5x | 2.4x |
| Thu, 11 Jul 2024 | د.م684.8b | د.م290.7b | د.م34.0b | 22.1x | 20.2x | 2.4x |
| Sat, 08 Jun 2024 | د.م674.7b | د.م290.4b | د.م33.9b | 21.9x | 19.9x | 2.3x |
| Mon, 06 May 2024 | د.م687.9b | د.م291.1b | د.م33.1b | 21.7x | 20.8x | 2.4x |
| Wed, 03 Apr 2024 | د.م662.4b | د.م282.3b | د.م32.5b | 23.7x | 20.4x | 2.3x |
| Fri, 01 Mar 2024 | د.م662.7b | د.م282.7b | د.م32.6b | 22.4x | 20.3x | 2.3x |
| Sun, 28 Jan 2024 | د.م645.7b | د.م283.6b | د.م32.7b | 21.7x | 19.7x | 2.3x |
| Tue, 26 Dec 2023 | د.م619.2b | د.م282.8b | د.م32.0b | 20.6x | 19.3x | 2.2x |
| Thu, 23 Nov 2023 | د.م605.6b | د.م276.7b | د.م30.7b | 20x | 19.7x | 2.2x |
| Sat, 21 Oct 2023 | د.م617.5b | د.م275.0b | د.م29.7b | 20.6x | 20.8x | 2.2x |
| Mon, 18 Sep 2023 | د.م597.2b | د.م271.7b | د.م30.7b | 20x | 19.4x | 2.2x |
| Wed, 16 Aug 2023 | د.م613.6b | د.م264.8b | د.م29.5b | 21.1x | 20.8x | 2.3x |
| Fri, 14 Jul 2023 | د.م586.2b | د.م258.7b | د.م26.8b | 20.6x | 21.9x | 2.3x |
| Sun, 11 Jun 2023 | د.م563.1b | د.م255.5b | د.م26.6b | 21.1x | 21.2x | 2.2x |
| Tue, 09 May 2023 | د.م532.3b | د.م252.8b | د.م27.3b | 19.2x | 19.5x | 2.1x |
| Thu, 06 Apr 2023 | د.م539.0b | د.م239.6b | د.م26.8b | 18.2x | 20.1x | 2.2x |
| Sat, 04 Mar 2023 | د.م552.2b | د.م238.1b | د.م26.7b | 19.1x | 20.6x | 2.3x |
| Mon, 30 Jan 2023 | د.م521.9b | د.م234.6b | د.م27.5b | 17.8x | 19x | 2.2x |
| Wed, 28 Dec 2022 | د.م562.6b | د.م258.9b | د.م28.4b | 20.5x | 19.8x | 2.2x |
| Fri, 25 Nov 2022 | د.م548.9b | د.م257.2b | د.م28.0b | 19.1x | 19.6x | 2.1x |
Price to Earnings Ratio
19.6x
Current Market PE
- Investors are relatively neutral on the Moroccan 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 21.9x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 8.1% 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 Moroccan Market?
| MA Market | -2.50% | |
| Energy | -0.69% | |
| Tech | -0.94% | |
| Healthcare | -1.25% | |
| Consumer Staples | -1.72% | |
| Telecom | -1.83% | |
| Real Estate | -1.98% | |
| Financials | -2.37% | |
| Industrials | -2.66% | |
| Utilities | -2.94% | |
| Consumer Discretionary | -3.07% | |
| Materials | -3.64% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 33.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 13.0% which is higher than its past year's earnings decline of 12.8% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 33.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings growth rate of 20% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 8.3% 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 | |
|---|---|---|---|---|---|---|
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م576.70 | 4.9% +د.م354.6m | 1.2% | PB1x | Financials | |
| PRO Societe de Promotion Pharmaceutique du Maghreb | د.م1.59k | 9.7% +د.م140.0m | 82.0% | PE27.8x | Healthcare | |
| SMI Societe Metallurgique d'Imiter société anonyme | د.م2.64k | 2.7% +د.م113.5m | 20.5% | PE24.3x | Materials | |
| DRI Dari Couspate | د.م4.24k | 6.0% +د.م71.3m | n/a | PE29x | Consumer Staples | |
| ATH Auto Hall | د.م96.00 | 0.5% +د.م24.1m | 42.4% | PE107.1x | Consumer Discretionary |
