Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Omani (MSM) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies100
  • 7D1.2%
  • 3M11.3%
  • 1Y15.8%
  • YTD19.4%

The market is up 1.2% over the last week, with the Energy sector leading the way, up 1.8%. In the last year, the market has climbed 16%. As for the next few years, earnings are expected to grow by 6.9% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025ر.ع15.6bر.ع12.3bر.ع1.4b10.5x11.5x1.3x
Wed, 15 Oct 2025ر.ع14.5bر.ع12.1bر.ع1.4b10.2x10.6x1.2x
Fri, 12 Sep 2025ر.ع14.1bر.ع12.1bر.ع1.4b10.5x10.3x1.2x
Sun, 10 Aug 2025ر.ع13.5bر.ع12.0bر.ع1.3b10.4x10.1x1.1x
Tue, 08 Jul 2025ر.ع12.9bر.ع11.6bر.ع1.2b10.5x10.5x1.1x
Thu, 05 Jun 2025ر.ع12.6bر.ع11.6bر.ع1.2b10.1x10.3x1.1x
Sat, 03 May 2025ر.ع11.8bر.ع11.6bر.ع1.2b9.6x9.6x1x
Mon, 31 Mar 2025ر.ع12.3bر.ع11.5bر.ع1.2b9.9x10.1x1.1x
Wed, 26 Feb 2025ر.ع11.7bر.ع11.5bر.ع1.4b10.3x8.3x1x
Fri, 24 Jan 2025ر.ع12.3bر.ع10.1bر.ع872.4m10.3x14.1x1.2x
Sun, 22 Dec 2024ر.ع11.9bر.ع10.1bر.ع699.7m10.9x17x1.2x
Tue, 19 Nov 2024ر.ع11.9bر.ع10.1bر.ع684.9m10.5x17.4x1.2x
Thu, 17 Oct 2024ر.ع9.3bر.ع10.1bر.ع686.6m10.8x13.5x0.9x
Sat, 14 Sep 2024ر.ع9.1bر.ع10.0bر.ع680.1m11x13.5x0.9x
Mon, 12 Aug 2024ر.ع9.0bر.ع10.0bر.ع681.7m11.4x13.2x0.9x
Wed, 10 Jul 2024ر.ع9.1bر.ع9.9bر.ع679.0m11.6x13.3x0.9x
Fri, 07 Jun 2024ر.ع9.2bر.ع9.9bر.ع673.2m12.5x13.7x0.9x
Sun, 05 May 2024ر.ع9.2bر.ع9.8bر.ع680.2m11.6x13.5x0.9x
Tue, 02 Apr 2024ر.ع9.0bر.ع9.7bر.ع648.3m11.2x13.9x0.9x
Thu, 29 Feb 2024ر.ع8.8bر.ع9.6bر.ع741.1m11.3x11.8x0.9x
Sat, 27 Jan 2024ر.ع9.3bر.ع9.7bر.ع787.2m11.4x11.8x1x
Mon, 25 Dec 2023ر.ع9.2bر.ع9.6bر.ع792.4m11.8x11.6x1x
Wed, 22 Nov 2023ر.ع9.2bر.ع9.6bر.ع785.8m11.9x11.8x1x
Fri, 20 Oct 2023ر.ع8.6bر.ع9.5bر.ع630.6m11.7x13.6x0.9x
Sun, 17 Sep 2023ر.ع8.7bر.ع9.4bر.ع625.2m12.3x14x0.9x
Tue, 15 Aug 2023ر.ع8.8bر.ع9.3bر.ع587.4m13.5x15x0.9x
Thu, 13 Jul 2023ر.ع8.8bر.ع9.3bر.ع595.7m13.7x14.8x0.9x
Sat, 10 Jun 2023ر.ع8.5bر.ع9.3bر.ع580.0m12.6x14.7x0.9x
Mon, 08 May 2023ر.ع8.6bر.ع9.1bر.ع615.9m13.2x14x1x
Wed, 05 Apr 2023ر.ع8.6bر.ع9.0bر.ع594.5m12x14.4x1x
Fri, 03 Mar 2023ر.ع8.4bر.ع8.7bر.ع555.8m11.6x15.2x1x
Sun, 29 Jan 2023ر.ع8.2bر.ع8.7bر.ع577.8m10.7x14.2x0.9x
Tue, 27 Dec 2022ر.ع8.4bر.ع8.6bر.ع486.0m11x17.2x1x
Thu, 24 Nov 2022ر.ع7.9bر.ع8.5bر.ع553.4m11.1x14.4x0.9x
Price to Earnings Ratio

14.4x


Total Market Cap: ر.ع7.9bTotal Earnings: ر.ع553.4mTotal Revenue: ر.ع8.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Omani Market Price to Earnings3Y Average 12.8x202320242025
Current Market PE
  • Investors are pessimistic on the Omani market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 11.5x which is lower than its 3-year average PE of 12.8x.
Past Earnings Growth
  • The earnings for Omani listed companies have grown 35% 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 Market1.18%
Telecom5.51%
Energy1.78%
Industrials1.12%
Utilities0.70%
Financials0.58%
Consumer Staples0.39%
Consumer Discretionary0%0
Healthcare0%0
Real Estate-0.73%
Materials-1.03%
Sector PE
  • Investors favour the Real Estate sector the most for future growth even though it's trading below its 3-year average PE ratio of 26.1x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 3.0% 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
ORDS Omani Qatari Telecommunications Company SAOGر.ع0.2922.1%
+ر.ع33.8m		13.9%PE17.4xTelecom
ABRJ Abraj Energy Services SAOGر.ع0.3310.3%
+ر.ع23.9m		19.0%PE16.2xEnergy
BKNZ Bank Nizwa SAOGر.ع0.101.9%
+ر.ع4.5m		7.1%PB0.1xFinancials
OMVS Oman International Development and Investment Company SAOGر.ع0.311.3%
+ر.ع3.7m		27.8%PE9.1xFinancials
RNSS Renaissance Services SAOGر.ع0.315.1%
+ر.ع3.2m		-16.8%PE8.2xIndustrials
See more

Market Insights

Header cover image
💸 The Return of Share Buybacks in Tech
Richard Bowman avatar
Richard Bowman
|
|
Some of the biggest names in tech are restarting their buyback programs. By the end of this piece, you’ll see: What’s really driving this new buyback cycle, which companies are using it to create genuine value, and when repurchases are smart capital allocation or financial sleight of hand.
Continue reading
⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks
Last Week

⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks

Latest News

ORDS
ر.ع0.29
Omani Qatari Telecommunications Company SAOG
7D
22.1%
1Y
13.9%

ORDS: Fair Value Will Remain Consistent As Revenue Expectations Are Updated

Analysts have slightly raised their price target for Omani Qatari Telecommunications Company SAOG to OMR 0.301, reflecting updated expectations for faster revenue growth. This is partially offset by a marginal decline in projected profit margins.
OQGN
ر.ع0.18
OQ Gas Networks SAOG
7D
-2.2%
1Y
34.8%

OQGN: Stability Expected As Discount Rate Falls And Profitability Holds

OQ Gas Networks SAOG Analyst Price Target Update Analysts have raised their fair value estimate for OQ Gas Networks SAOG from OMR 0.178 to OMR 0.185. This change reflects updated model assumptions, including a slightly lower discount rate and marginal adjustments to long-term growth and profitability forecasts.
BKMB
ر.ع0.33
Bank Muscat SAOG
7D
-1.2%
1Y
31.2%

BKMB: Fair Value Expected To Hold Steady Amidst Minor Assumption Shifts

Analysts have slightly raised their price target for Bank Muscat SAOG, now estimating fair value at OMR 0.369. This update is due to minor changes in the discount rate and future P/E assumptions.
BKSB
ر.ع0.16
Sohar International Bank SAOG
7D
-3.1%
1Y
17.3%

BKSB: Future Prospects Appear Balanced As Fair Value Remains Unchanged

Analysts have made a slight downward revision to their price target for Sohar International Bank SAOG. This modest adjustment reflects updated expectations for future earnings and overall growth prospects.
OTEL
ر.ع1.05
Oman Telecommunications Company SAOG
7D
0.4%
1Y
9.4%
OQBI
ر.ع0.17
OQ Base Industries (SFZ) SAOG
7D
-2.8%
1Y
n/a
ASCO
ر.ع0.17
Asyad Shipping Company SAOG
7D
-2.3%
1Y
n/a
OQEP
ر.ع0.37
OQ Exploration and Production SAOG
7D
-2.1%
1Y
4.2%
PHPC
ر.ع0.15
Phoenix Power Company SAOG
7D
-1.3%
1Y
168.4%
BKDB
ر.ع0.16
Bank Dhofar SAOG
7D
-1.3%
1Y
-9.4%
RNSS
ر.ع0.31
Renaissance Services SAOG
7D
5.1%
1Y
-16.8%
GFIC
ر.ع0.17
Global Financial Investments Holding SAOG
7D
10.0%
1Y
101.2%
BKNZ
ر.ع0.10
Bank Nizwa SAOG
7D
1.9%
1Y
7.1%
OMVS
ر.ع0.31
Oman International Development and Investment Company SAOG
7D
1.3%
1Y
27.8%
ABRJ
ر.ع0.33
Abraj Energy Services SAOG
7D
10.3%
1Y
19.0%
DICS
ر.ع0.22
Dhofar Insurance Company SAOG
7D
8.9%
1Y
10.0%