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Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedAug 20, 2025
DataAggregated Company Financials
Companies69
- 7D-0.2%
- 3M1.8%
- 1Y17.4%
- YTD15.8%
The market has been flat in the last week, however the Healthcare sector is down 3.6%. More promisingly, the market is up 17% over the past year. Looking forward, earnings are forecast to grow by 1.1% annually.
Market Valuation and Performance
Has the Tunisian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Aug 2025 | د.ت30.5b | د.ت21.1b | د.ت2.8b | 10.8x | 11x | 1.4x |
| Sat, 19 Jul 2025 | د.ت30.4b | د.ت21.6b | د.ت2.9b | 10.4x | 10.5x | 1.4x |
| Mon, 16 Jun 2025 | د.ت29.4b | د.ت22.4b | د.ت2.9b | 10x | 10.2x | 1.3x |
| Wed, 14 May 2025 | د.ت29.5b | د.ت22.8b | د.ت2.8b | 10.4x | 10.7x | 1.3x |
| Fri, 11 Apr 2025 | د.ت29.6b | د.ت39.2b | د.ت4.4b | 10.6x | 6.7x | 0.8x |
| Sun, 09 Mar 2025 | د.ت28.5b | د.ت38.9b | د.ت4.4b | 10.5x | 6.5x | 0.7x |
| Tue, 04 Feb 2025 | د.ت27.4b | د.ت38.8b | د.ت4.4b | 9.5x | 6.3x | 0.7x |
| Thu, 02 Jan 2025 | د.ت26.7b | د.ت38.8b | د.ت4.4b | 9x | 6.1x | 0.7x |
| Sat, 30 Nov 2024 | د.ت26.4b | د.ت39.3b | د.ت4.4b | 9.1x | 6x | 0.7x |
| Mon, 28 Oct 2024 | د.ت26.3b | د.ت39.0b | د.ت4.4b | 9x | 5.9x | 0.7x |
| Wed, 25 Sep 2024 | د.ت26.1b | د.ت37.8b | د.ت4.5b | 8.9x | 5.8x | 0.7x |
| Fri, 23 Aug 2024 | د.ت26.1b | د.ت20.3b | د.ت2.6b | 9.3x | 9.9x | 1.3x |
| Sun, 21 Jul 2024 | د.ت26.2b | د.ت20.3b | د.ت2.7b | 9.5x | 9.9x | 1.3x |
| Tue, 18 Jun 2024 | د.ت26.1b | د.ت21.6b | د.ت2.8b | 8.7x | 9.5x | 1.2x |
| Thu, 16 May 2024 | د.ت24.9b | د.ت22.4b | د.ت2.7b | 8x | 9.2x | 1.1x |
| Sat, 13 Apr 2024 | د.ت25.4b | د.ت21.5b | د.ت2.5b | 8.4x | 10.1x | 1.2x |
| Mon, 11 Mar 2024 | د.ت24.4b | د.ت21.1b | د.ت2.4b | 8.4x | 10.2x | 1.2x |
| Wed, 07 Feb 2024 | د.ت23.4b | د.ت20.4b | د.ت2.2b | 8.3x | 10.6x | 1.1x |
| Fri, 05 Jan 2024 | د.ت24.4b | د.ت20.8b | د.ت2.2b | 9.2x | 11x | 1.2x |
| Sun, 03 Dec 2023 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 8.9x | 10.8x | 1.2x |
| Tue, 31 Oct 2023 | د.ت23.9b | د.ت21.4b | د.ت2.4b | 8.4x | 9.8x | 1.1x |
| Thu, 28 Sep 2023 | د.ت23.9b | د.ت19.8b | د.ت2.4b | 8.2x | 9.8x | 1.2x |
| Sat, 26 Aug 2023 | د.ت25.2b | د.ت19.0b | د.ت2.3b | 9.2x | 10.7x | 1.3x |
| Mon, 24 Jul 2023 | د.ت25.5b | د.ت18.9b | د.ت2.3b | 9.5x | 10.9x | 1.3x |
| Wed, 21 Jun 2023 | د.ت25.2b | د.ت19.7b | د.ت2.4b | 9.7x | 10.5x | 1.3x |
| Fri, 19 May 2023 | د.ت24.5b | د.ت20.2b | د.ت2.4b | 9.5x | 10.4x | 1.2x |
| Sun, 16 Apr 2023 | د.ت24.2b | د.ت19.9b | د.ت2.3b | 10x | 10.6x | 1.2x |
| Tue, 14 Mar 2023 | د.ت24.1b | د.ت19.5b | د.ت2.2b | 9.9x | 11.1x | 1.2x |
| Thu, 09 Feb 2023 | د.ت22.5b | د.ت19.5b | د.ت2.2b | 9.8x | 10.4x | 1.2x |
| Sat, 07 Jan 2023 | د.ت22.4b | د.ت19.1b | د.ت2.1b | 10.1x | 10.5x | 1.2x |
| Mon, 05 Dec 2022 | د.ت22.4b | د.ت19.2b | د.ت2.2b | 9.6x | 10.3x | 1.2x |
| Wed, 02 Nov 2022 | د.ت23.0b | د.ت19.1b | د.ت2.2b | 10x | 10.6x | 1.2x |
| Fri, 30 Sep 2022 | د.ت23.3b | د.ت18.2b | د.ت2.2b | 10.4x | 10.6x | 1.3x |
| Sun, 28 Aug 2022 | د.ت22.9b | د.ت17.3b | د.ت2.2b | 10.2x | 10.5x | 1.3x |
Price to Earnings Ratio
10.5x
Current Market PE
- Investors are optimistic on the Tunisian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 11.0x which is higher than its 3-year average PE of 9.5x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 6.9% 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 | -0.15% | |
| Telecom | 0.86% | |
| Financials | 0.23% | |
| Consumer Discretionary | -0.16% | |
| Tech | -0.17% | |
| Consumer Staples | -0.18% | |
| Real Estate | -0.75% | |
| Industrials | -0.82% | |
| Materials | -1.10% | |
| Energy | -1.31% | |
| Healthcare | -3.63% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 7.6% which is higher than its past year's earnings decline of 16.6% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 12% over the next 5 years.
- In contrast, the Financials sector is expected to see its earnings decline by 3.2% 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 | |
|---|---|---|---|---|---|---|
| BNASS Assurances Multirisques Ittihad | د.ت4.00 | 14.6% +د.ت44.6m | 128.6% | PE21.4x | Financials | |
| SFBT Société de Fabrication des Boissons de Tunisie Société Anonyme | د.ت12.15 | 1.3% +د.ت40.2m | -0.4% | PE11.5x | Consumer Staples | |
| TLS Tunisie Leasing & Factoring Société anonyme | د.ت32.40 | 8.9% +د.ت28.7m | 113.9% | PE9.3x | Financials | |
| SAH Société d'Articles Hygiéniques Société Anonyme | د.ت12.40 | 2.5% +د.ت25.2m | 29.2% | PE16.9x | Consumer Staples | |
| NAKL Ennakl Automobiles | د.ت14.10 | 4.4% +د.ت18.0m | 35.1% | n/a | Consumer Discretionary |
