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Tunisian (TUNINDEX) Market Analysis & Valuation

UpdatedMar 12, 2025
DataAggregated Company Financials
Companies72
  • 7D-0.4%
  • 3M7.6%
  • 1Y17.5%
  • YTD7.3%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.7% in that time. More promisingly, the market is up 17% over the past year. Earnings are forecast to be flat in the coming years.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Mar 2025د.ت28.5bد.ت38.9bد.ت4.4b10.5x6.5x0.7x
Fri, 07 Feb 2025د.ت27.3bد.ت38.8bد.ت4.4b9.6x6.3x0.7x
Sun, 05 Jan 2025د.ت26.5bد.ت38.8bد.ت4.4b9x6.1x0.7x
Tue, 03 Dec 2024د.ت26.4bد.ت39.3bد.ت4.4b9.1x6x0.7x
Thu, 31 Oct 2024د.ت25.2bد.ت39.0bد.ت4.4b9.2x5.7x0.6x
Sat, 28 Sep 2024د.ت26.5bد.ت37.9bد.ت4.5b8.9x5.9x0.7x
Mon, 26 Aug 2024د.ت26.0bد.ت20.3bد.ت2.6b9.3x9.8x1.3x
Wed, 24 Jul 2024د.ت26.2bد.ت20.3bد.ت2.7b9.5x9.9x1.3x
Fri, 21 Jun 2024د.ت26.1bد.ت21.6bد.ت2.8b8.6x9.5x1.2x
Sun, 19 May 2024د.ت25.0bد.ت22.4bد.ت2.7b8x9.3x1.1x
Tue, 16 Apr 2024د.ت25.5bد.ت21.7bد.ت2.6b8.6x9.9x1.2x
Thu, 14 Mar 2024د.ت24.3bد.ت21.1bد.ت2.4b8.4x10.2x1.2x
Sat, 10 Feb 2024د.ت23.4bد.ت20.4bد.ت2.2b8.3x10.6x1.1x
Mon, 08 Jan 2024د.ت24.3bد.ت20.8bد.ت2.2b9.1x10.9x1.2x
Wed, 06 Dec 2023د.ت24.3bد.ت20.8bد.ت2.2b9x10.9x1.2x
Fri, 03 Nov 2023د.ت23.8bد.ت21.4bد.ت2.4b8.5x9.8x1.1x
Sun, 01 Oct 2023د.ت24.0bد.ت20.9bد.ت2.4b8.2x10x1.1x
Tue, 29 Aug 2023د.ت25.1bد.ت19.0bد.ت2.3b9.2x10.7x1.3x
Thu, 27 Jul 2023د.ت25.5bد.ت18.9bد.ت2.3b9.5x10.9x1.3x
Sat, 24 Jun 2023د.ت25.4bد.ت19.7bد.ت2.4b9.7x10.5x1.3x
Mon, 22 May 2023د.ت24.6bد.ت20.4bد.ت2.4b9.7x10.5x1.2x
Wed, 19 Apr 2023د.ت24.3bد.ت20.1bد.ت2.4b10.1x10.2x1.2x
Fri, 17 Mar 2023د.ت24.0bد.ت19.5bد.ت2.2b10.6x11.1x1.2x
Sun, 12 Feb 2023د.ت22.4bد.ت19.5bد.ت2.2b9.8x10.3x1.1x
Tue, 10 Jan 2023د.ت22.3bد.ت19.1bد.ت2.1b9.8x10.4x1.2x
Thu, 08 Dec 2022د.ت22.2bد.ت19.2bد.ت2.2b9.2x10.2x1.2x
Sat, 05 Nov 2022د.ت22.9bد.ت19.1bد.ت2.2b10.1x10.6x1.2x
Mon, 03 Oct 2022د.ت23.2bد.ت18.2bد.ت2.2b10.2x10.5x1.3x
Wed, 31 Aug 2022د.ت22.9bد.ت17.3bد.ت2.2b10.2x10.5x1.3x
Fri, 29 Jul 2022د.ت22.1bد.ت17.3bد.ت2.2b9.8x10.1x1.3x
Sun, 26 Jun 2022د.ت21.8bد.ت17.8bد.ت2.2b10.4x9.9x1.2x
Tue, 24 May 2022د.ت21.6bد.ت17.5bد.ت2.2b10.3x10x1.2x
Thu, 21 Apr 2022د.ت21.8bد.ت16.7bد.ت2.0b10.8x10.9x1.3x
Sat, 19 Mar 2022د.ت21.7bد.ت16.3bد.ت1.8b12.4x12x1.3x
Price to Earnings Ratio

12x


Total Market Cap: د.ت21.7bTotal Earnings: د.ت1.8bTotal Revenue: د.ت16.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Market Price to Earnings3Y Average 9.7x202320242025
Current Market PE
  • Investors are pessimistic on the Tunisian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 6.5x which is lower than its 3-year average PE of 9.7x.
Past Earnings Growth
  • The earnings for Tunisian listed companies have grown 34% per year over the last three years.
  • Revenues for these companies have grown 34% 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 Tunisian Market?

TN Market-0.39%
Healthcare3.68%
Industrials1.88%
Materials1.72%
Tech1.01%
Real Estate0.63%
Consumer Staples0.11%
Energy0%0
Telecom-0.42%
Financials-1.24%
Consumer Discretionary-1.42%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 17.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 6.0% 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
PGH Poulina Group Holdingد.ت9.204.0%
+د.ت63.0m
28.1%PE11.7xIndustrials
ICF Les industries Chimiques du Fluorد.ت128.0015.8%
+د.ت36.8m
99.1%PE19.6xMaterials
ATB Arab Tunisian Bankد.ت3.147.9%
+د.ت29.4m
25.6%PB0.7xFinancials
DH Délice Holdingد.ت19.801.0%
+د.ت11.0m
81.5%PE11.1xConsumer Staples
UMED Unité de Fabrication des Médicamentsد.ت7.353.5%
+د.ت8.0m
2.1%PE36.6xHealthcare
See more
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BT

د.ت5.09

Banque de Tunisie Société anonyme

7D

-1.0%

1Y

-4.0%

ICF

د.ت128.00

Les industries Chimiques du Fluor

7D

15.8%

1Y

99.1%

AB

د.ت37.59

Amen Bank Société anonyme

7D

-3.6%

1Y

24.0%

NAKL

د.ت11.32

Ennakl Automobiles

7D

-3.2%

1Y

11.0%

OTH

د.ت8.95

One Tech Holding

7D

-1.4%

1Y

8.7%

ATB

د.ت3.14

Arab Tunisian Bank

7D

7.9%

1Y

25.6%

TPR

د.ت7.44

Tunisie Profilés Aluminium Société Anonyme

7D

2.1%

1Y

45.9%

TJARI

د.ت68.49

Banque Attijari de Tunisie Société anonyme

7D

-0.7%

1Y

41.2%

SOTUV

د.ت14.30

Societe Tunisienne de Verreries

7D

1.1%

1Y

10.0%

DH

د.ت19.80

Délice Holding

7D

1.0%

1Y

81.5%

CC

د.ت2.17

Carthage Cement

7D

-1.8%

1Y

10.7%

ECYCL

د.ت14.55

Euro-Cycles

7D

-5.8%

1Y

23.3%

AST

د.ت45.99

Compagnie d'Assurances et de Réassurances ASTREE

7D

2.2%

1Y

n/a