Namibian (NSX) Market Analysis & Valuation

UpdatedNov 19, 2025

DataAggregated Company Financials

Companies12

7D0.6%
3M3.3%
1Y16.9%
YTD13.5%

In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 3.3%. Meanwhile, the market is actually up 17% over the past year.

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 20 Nov 2025	N$52.1b	N$28.7b	N$6.8b	6.9x	7.6x	1.8x
Sat, 18 Oct 2025	N$51.0b	N$27.5b	N$6.8b	7.2x	7.5x	1.9x
Mon, 15 Sep 2025	N$50.3b	N$27.1b	N$7.2b	6.6x	7x	1.9x
Wed, 13 Aug 2025	N$50.3b	N$26.9b	N$7.0b	7.6x	7.2x	1.9x
Fri, 11 Jul 2025	N$49.9b	N$26.9b	N$7.0b	7.6x	7.1x	1.9x
Sun, 08 Jun 2025	N$48.9b	N$27.0b	N$7.0b	6.9x	7x	1.8x
Tue, 06 May 2025	N$48.8b	N$28.0b	N$7.1b	6.4x	6.9x	1.7x
Thu, 03 Apr 2025	N$48.4b	N$28.0b	N$7.1b	6.4x	6.8x	1.7x
Sat, 01 Mar 2025	N$46.9b	N$25.7b	N$6.6b	6.7x	7.1x	1.8x
Mon, 27 Jan 2025	N$46.3b	N$26.4b	N$6.7b	6.6x	6.9x	1.8x
Wed, 25 Dec 2024	N$45.6b	N$26.4b	N$6.7b	6.4x	6.8x	1.7x
Fri, 22 Nov 2024	N$45.4b	N$26.3b	N$6.7b	6.4x	6.8x	1.7x
Sun, 20 Oct 2024	N$45.7b	N$25.1b	N$6.5b	6.6x	7x	1.8x
Tue, 17 Sep 2024	N$45.1b	N$24.5b	N$11.1b	6.1x	4.1x	1.8x
Thu, 15 Aug 2024	N$44.0b	N$23.5b	N$10.4b	6.7x	4.2x	1.9x
Sat, 13 Jul 2024	N$43.9b	N$22.8b	N$10.1b	6.9x	4.4x	1.9x
Mon, 10 Jun 2024	N$43.6b	N$23.6b	N$10.4b	6.7x	4.2x	1.8x
Wed, 08 May 2024	N$44.2b	N$23.6b	N$10.4b	6.6x	4.2x	1.9x
Fri, 05 Apr 2024	N$43.9b	N$23.6b	N$10.4b	6.3x	4.2x	1.9x
Sun, 03 Mar 2024	N$43.5b	N$23.9b	N$10.5b	6x	4.1x	1.8x
Tue, 30 Jan 2024	N$43.6b	N$23.8b	N$10.5b	6.2x	4.2x	1.8x
Thu, 28 Dec 2023	N$43.8b	N$24.0b	N$10.6b	6.2x	4.2x	1.8x
Sat, 25 Nov 2023	N$45.2b	N$23.8b	N$10.3b	6.2x	4.4x	1.9x
Mon, 23 Oct 2023	N$44.8b	N$23.3b	N$10.2b	6.4x	4.4x	1.9x
Wed, 20 Sep 2023	N$44.7b	N$22.5b	N$5.5b	7.7x	8.1x	2x
Fri, 18 Aug 2023	N$43.6b	N$21.8b	N$5.1b	6.8x	8.5x	2x
Sun, 16 Jul 2023	N$42.6b	N$21.9b	N$5.1b	7.1x	8.4x	1.9x
Tue, 13 Jun 2023	N$39.9b	N$21.9b	N$5.1b	6.7x	7.9x	1.8x
Thu, 11 May 2023	N$39.6b	N$21.8b	N$5.3b	6.7x	7.5x	1.8x
Sat, 08 Apr 2023	N$38.7b	N$21.4b	N$5.1b	6.7x	7.6x	1.8x
Mon, 06 Mar 2023	N$38.9b	N$20.6b	N$4.6b	6.8x	8.6x	1.9x
Wed, 01 Feb 2023	N$38.5b	N$20.7b	N$4.6b	6.7x	8.5x	1.9x
Fri, 30 Dec 2022	N$37.4b	N$20.7b	N$4.6b	6.6x	8.2x	1.8x
Sun, 27 Nov 2022	N$37.0b	N$20.6b	N$4.5b	6.6x	8.2x	1.8x

Price to Earnings Ratio

8.2x

Sun, 27 Nov 2022

Current Market PE

Investors are optimistic on the Namibian market, and appear confident in strong long term growth rates.

The market is trading at a PE ratio of 7.6x which is higher than its 3-year average PE of 6.4x.

Past Earnings Growth

The earnings for Namibian listed companies have grown 15% 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 Namibian Market?


NA Market	0.60%
Consumer Staples	3.30%
Telecom	0.47%
Financials	0.21%
Real Estate	0%	0
Industrials	0%	0
Consumer Discretionary	0%	0
Utilities	0%	0

Sector PE

Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 11.1x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation	Sector
NBS Namibia Breweries	R30.01	3.3% +R198.3m	n/a	PE11.8x	Consumer Staples
SNO SBN Holdings	R11.94	1.2% +R73.1m	32.4%	PB1.1x	Financials
MOC Mobile Telecommunications	R9.05	0.6% +R37.5m	19.6%	PE8.8x	Telecom
TAD Tadvest	R15.64	0.3% +R2.2m	-5.1%	PE5.1x	Financials