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Kenyan (NSE) Market Analysis & Valuation
UpdatedMar 12, 2025
DataAggregated Company Financials
Companies51
- 7D0.9%
- 3M11.1%
- 1Y36.9%
- YTD4.9%
The Communication Services sector gained 3.4% while the market remained flat over the last week. Meanwhile, the market is actually up 37% over the past year. Earnings are forecast to grow by 19% annually.
Market Valuation and Performance
Has the Kenyan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 12 Mar 2025 | KSh2.0t | KSh1.9t | KSh368.9b | 5.4x | 5.4x | 1.1x |
| Fri, 07 Feb 2025 | KSh2.0t | KSh1.9t | KSh365.2b | 5x | 5.4x | 1.1x |
| Sun, 05 Jan 2025 | KSh1.9t | KSh1.9t | KSh354.4b | 5.4x | 5.5x | 1x |
| Tue, 03 Dec 2024 | KSh1.7t | KSh1.9t | KSh352.6b | 4.9x | 4.9x | 0.9x |
| Thu, 31 Oct 2024 | KSh1.8t | KSh1.8t | KSh354.6b | 4.8x | 5.1x | 1x |
| Sat, 28 Sep 2024 | KSh1.6t | KSh1.8t | KSh320.7b | 4.6x | 5.1x | 0.9x |
| Mon, 26 Aug 2024 | KSh1.6t | KSh1.8t | KSh310.0b | 4.6x | 5.1x | 0.9x |
| Wed, 24 Jul 2024 | KSh1.6t | KSh1.7t | KSh299.9b | 4.8x | 5.5x | 0.9x |
| Fri, 21 Jun 2024 | KSh1.7t | KSh1.7t | KSh298.9b | 4.9x | 5.8x | 1x |
| Sun, 19 May 2024 | KSh1.7t | KSh1.7t | KSh288.4b | 4.6x | 5.8x | 1x |
| Tue, 16 Apr 2024 | KSh1.7t | KSh1.7t | KSh285.1b | 5.8x | 5.9x | 1x |
| Thu, 14 Mar 2024 | KSh1.5t | KSh1.7t | KSh286.5b | 5.4x | 5.2x | 0.9x |
| Sat, 10 Feb 2024 | KSh1.4t | KSh1.7t | KSh287.6b | 5.3x | 4.8x | 0.8x |
| Mon, 08 Jan 2024 | KSh1.4t | KSh1.7t | KSh289.8b | 5x | 4.8x | 0.8x |
| Wed, 06 Dec 2023 | KSh1.4t | KSh1.7t | KSh292.3b | 5.1x | 4.9x | 0.9x |
| Fri, 03 Nov 2023 | KSh1.3t | KSh1.6t | KSh286.8b | 5.5x | 4.6x | 0.8x |
| Sun, 01 Oct 2023 | KSh1.4t | KSh1.6t | KSh286.7b | 5.8x | 5.1x | 0.9x |
| Tue, 29 Aug 2023 | KSh1.5t | KSh1.6t | KSh284.5b | 5.7x | 5.3x | 0.9x |
| Thu, 27 Jul 2023 | KSh1.6t | KSh1.6t | KSh289.3b | 5.7x | 5.5x | 1x |
| Sat, 24 Jun 2023 | KSh1.6t | KSh1.6t | KSh288.3b | 5.2x | 5.6x | 1x |
| Mon, 22 May 2023 | KSh1.5t | KSh1.6t | KSh284.2b | 4.5x | 5.3x | 0.9x |
| Wed, 19 Apr 2023 | KSh1.7t | KSh1.6t | KSh288.1b | 4.9x | 5.8x | 1.1x |
| Fri, 17 Mar 2023 | KSh1.6t | KSh1.5t | KSh283.8b | 5.1x | 5.8x | 1.1x |
| Sun, 12 Feb 2023 | KSh2.0t | KSh1.5t | KSh283.2b | 5.7x | 7x | 1.3x |
| Tue, 10 Jan 2023 | KSh1.9t | KSh1.5t | KSh284.9b | 5.1x | 6.8x | 1.3x |
| Thu, 08 Dec 2022 | KSh1.9t | KSh1.5t | KSh283.2b | 5.9x | 6.8x | 1.3x |
| Sat, 05 Nov 2022 | KSh2.0t | KSh1.5t | KSh277.2b | 6.3x | 7.1x | 1.3x |
| Mon, 03 Oct 2022 | KSh2.0t | KSh1.5t | KSh277.2b | 6.8x | 7.1x | 1.3x |
| Wed, 31 Aug 2022 | KSh2.1t | KSh1.5t | KSh281.6b | 7x | 7.5x | 1.4x |
| Fri, 29 Jul 2022 | KSh2.1t | KSh1.4t | KSh266.4b | 7.1x | 8x | 1.5x |
| Sun, 26 Jun 2022 | KSh1.8t | KSh1.4t | KSh266.1b | 6.5x | 6.7x | 1.2x |
| Tue, 24 May 2022 | KSh2.0t | KSh1.4t | KSh255.1b | 5.9x | 7.8x | 1.4x |
| Thu, 21 Apr 2022 | KSh2.4t | KSh1.4t | KSh254.3b | 7x | 9.6x | 1.7x |
| Sat, 19 Mar 2022 | KSh2.4t | KSh1.4t | KSh234.9b | 6.6x | 10.3x | 1.8x |
Price to Earnings Ratio
10.3x
Current Market PE
- Investors are pessimistic on the Kenyan market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 5.4x which is lower than its 3-year average PE of 6.1x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 16% per year over the last three years.
- Revenues for these companies have grown 11% 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 Kenyan Market?
| KE Market | 0.88% | |
| Telecom | 3.42% | |
| Utilities | 2.36% | |
| Real Estate | 0% | 0 |
| Materials | -0.32% | |
| Financials | -0.55% | |
| Consumer Staples | -0.76% | |
| Energy | -1.09% | |
| Consumer Discretionary | -1.95% | |
| Industrials | -6.11% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 10.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.9% which is higher than its past year's earnings decline of 15.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|---|
| SCOM Safaricom | KSh17.95 | 1.4% +KSh10.0b | 22.9% | PE12.6x | Telecom | |
| BKG BK Group | KSh36.90 | 5.4% +KSh1.8b | 11.8% | PB0.9x | Financials | |
| KNRE Kenya Reinsurance | KSh1.93 | 4.9% +KSh504.0m | 101.0% | PE2.2x | Financials | |
| JUB Jubilee Holdings | KSh219.50 | 3.1% +KSh471.1m | 11.7% | PE3.3x | Financials | |
| TOTL TotalEnergies Marketing Kenya | KSh23.10 | 2.4% +KSh346.2m | 36.3% | PE4.6x | Energy |
