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Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedJun 15, 2026
DataAggregated Company Financials
Companies67
- 7D-0.8%
- 3M16.5%
- 1Y58.3%
- YTD34.2%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 3.2% in that time. As for the longer term, the market has risen 58% in the past 12 months. Earnings are forecast to grow by 8.7% 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | د.ت46.3b | د.ت24.9b | د.ت3.2b | 14.4x | 14.6x | 1.9x |
| Wed, 13 May 2026 | د.ت42.8b | د.ت24.7b | د.ت3.1b | 12.7x | 13.9x | 1.7x |
| Fri, 10 Apr 2026 | د.ت40.5b | د.ت23.9b | د.ت3.0b | 11.6x | 13.5x | 1.7x |
| Sun, 08 Mar 2026 | د.ت38.7b | د.ت23.8b | د.ت3.0b | 12.6x | 13x | 1.6x |
| Tue, 03 Feb 2026 | د.ت37.0b | د.ت23.8b | د.ت3.0b | 12x | 12.4x | 1.6x |
| Thu, 01 Jan 2026 | د.ت34.6b | د.ت23.8b | د.ت3.0b | 10.9x | 11.6x | 1.5x |
| Sat, 29 Nov 2025 | د.ت33.7b | د.ت24.0b | د.ت3.0b | 10.3x | 11.2x | 1.4x |
| Mon, 27 Oct 2025 | د.ت32.3b | د.ت23.8b | د.ت3.1b | 10.3x | 10.5x | 1.4x |
| Wed, 24 Sep 2025 | د.ت32.0b | د.ت23.9b | د.ت3.0b | 10.4x | 10.6x | 1.3x |
| Fri, 22 Aug 2025 | د.ت30.5b | د.ت21.6b | د.ت2.9b | 10.7x | 10.7x | 1.4x |
| Sun, 20 Jul 2025 | د.ت30.4b | د.ت21.6b | د.ت2.9b | 10.4x | 10.5x | 1.4x |
| Tue, 17 Jun 2025 | د.ت29.2b | د.ت22.4b | د.ت2.9b | 9.9x | 10.1x | 1.3x |
| Thu, 15 May 2025 | د.ت30.0b | د.ت22.8b | د.ت2.8b | 10.5x | 10.8x | 1.3x |
| Sat, 12 Apr 2025 | د.ت29.7b | د.ت39.2b | د.ت4.4b | 10.7x | 6.8x | 0.8x |
| Mon, 10 Mar 2025 | د.ت28.5b | د.ت38.9b | د.ت4.4b | 10.5x | 6.5x | 0.7x |
| Wed, 05 Feb 2025 | د.ت27.4b | د.ت38.8b | د.ت4.4b | 9.5x | 6.3x | 0.7x |
| Fri, 03 Jan 2025 | د.ت26.6b | د.ت38.8b | د.ت4.4b | 9.1x | 6.1x | 0.7x |
| Sun, 01 Dec 2024 | د.ت26.4b | د.ت39.3b | د.ت4.4b | 9.1x | 6x | 0.7x |
| Tue, 29 Oct 2024 | د.ت25.2b | د.ت39.0b | د.ت4.4b | 9.3x | 5.7x | 0.6x |
| Thu, 26 Sep 2024 | د.ت26.1b | د.ت37.9b | د.ت4.5b | 9.1x | 5.8x | 0.7x |
| Sat, 24 Aug 2024 | د.ت26.1b | د.ت20.3b | د.ت2.6b | 9.3x | 9.9x | 1.3x |
| Mon, 22 Jul 2024 | د.ت26.2b | د.ت20.3b | د.ت2.7b | 9.5x | 9.9x | 1.3x |
| Wed, 19 Jun 2024 | د.ت26.3b | د.ت21.6b | د.ت2.8b | 8.7x | 9.5x | 1.2x |
| Fri, 17 May 2024 | د.ت24.9b | د.ت22.4b | د.ت2.7b | 8x | 9.2x | 1.1x |
| Sun, 14 Apr 2024 | د.ت25.4b | د.ت21.5b | د.ت2.5b | 8.4x | 10.1x | 1.2x |
| Tue, 12 Mar 2024 | د.ت24.4b | د.ت21.1b | د.ت2.4b | 8.4x | 10.2x | 1.2x |
| Thu, 08 Feb 2024 | د.ت23.5b | د.ت20.4b | د.ت2.2b | 8.2x | 10.6x | 1.2x |
| Sat, 06 Jan 2024 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 9.1x | 10.9x | 1.2x |
| Mon, 04 Dec 2023 | د.ت24.3b | د.ت20.8b | د.ت2.2b | 8.9x | 10.8x | 1.2x |
| Wed, 01 Nov 2023 | د.ت23.8b | د.ت21.4b | د.ت2.4b | 8.4x | 9.8x | 1.1x |
| Fri, 29 Sep 2023 | د.ت24.0b | د.ت20.8b | د.ت2.4b | 8.2x | 10x | 1.2x |
| Sun, 27 Aug 2023 | د.ت25.0b | د.ت19.0b | د.ت2.3b | 9.2x | 10.6x | 1.3x |
| Tue, 25 Jul 2023 | د.ت25.5b | د.ت18.9b | د.ت2.3b | 9.5x | 10.9x | 1.3x |
| Thu, 22 Jun 2023 | د.ت25.3b | د.ت19.7b | د.ت2.4b | 9.7x | 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 14.6x which is higher than its 3-year average PE of 9.9x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 9.6% per year over the last three years.
- Revenues for these companies have grown 8.1% 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 | -0.78% | |
| Telecom | 3.21% | |
| Real Estate | 1.41% | |
| Energy | 1.38% | |
| Healthcare | 0.0098% | |
| Materials | -0.39% | |
| Financials | -0.58% | |
| Industrials | -0.69% | |
| Consumer Staples | -0.88% | |
| Tech | -1.33% | |
| Consumer Discretionary | -3.02% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 24.8x.
- Analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 16.6% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings growth rate of 7.0% per year.
- In contrast, the Healthcare industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| DH Délice Holding | د.ت19.98 | 4.1% +د.ت85.7m | 73.4% | PE18.2x | Consumer Staples | |
| AB Amen Bank Société anonyme | د.ت72.70 | 1.3% +د.ت31.4m | 93.9% | PB1.4x | Financials | |
| TLS Tunisie Leasing & Factoring Société anonyme | د.ت40.80 | 6.8% +د.ت28.1m | 51.3% | PE18.2x | Financials | |
| BHASS BH Assurance | د.ت64.04 | 17.0% +د.ت24.8m | n/a | PE15.3x | Financials | |
| ICF Les industries Chimiques du Fluor | د.ت115.00 | 10.6% +د.ت23.1m | 5.5% | PE20.2x | Materials |
