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Tunisian (TUNINDEX) Market Analysis & Valuation
UpdatedOct 25, 2025
DataAggregated Company Financials
Companies68
- 7D1.6%
- 3M5.1%
- 1Y23.2%
- YTD21.9%
The Financials and Industrials sectors drove a 1.6% in the market over the last week. The market is up 23% over the last 12 months. Looking forward, earnings are forecast to grow by 6.1% 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 |
|---|---|---|---|---|---|---|
| Sun, 26 Oct 2025 | د.ت32.3b | د.ت23.9b | د.ت3.0b | 10.3x | 10.6x | 1.3x |
| Tue, 23 Sep 2025 | د.ت31.9b | د.ت23.9b | د.ت3.0b | 10.4x | 10.6x | 1.3x |
| Thu, 21 Aug 2025 | د.ت30.5b | د.ت21.1b | د.ت2.8b | 10.9x | 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 |
Price to Earnings Ratio
10.6x
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 10.6x which is higher than its 3-year average PE of 9.5x.
Past Earnings Growth
- The earnings for Tunisian listed companies have grown 12% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 | 1.56% | |
| Industrials | 6.18% | |
| Telecom | 2.04% | |
| Financials | 1.63% | |
| Tech | 1.38% | |
| Energy | 0.45% | |
| Consumer Staples | 0.24% | |
| Healthcare | 0.066% | |
| Materials | -1.53% | |
| Consumer Discretionary | -1.64% | |
| Real Estate | -8.40% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy 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 6.9x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.1% 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 | |
|---|---|---|---|---|---|---|
| PGH Poulina Group Holding | د.ت16.39 | 10.8% +د.ت288.0m | 88.4% | PE16.9x | Industrials | |
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت103.70 | 2.6% +د.ت106.1m | 14.1% | PB1.9x | Financials | |
| UIB Union Internationale de Banques Société anonyme | د.ت26.36 | 10.3% +د.ت85.4m | 16.4% | PB0.9x | Financials | |
| BT Banque de Tunisie Société anonyme | د.ت5.74 | 3.8% +د.ت56.7m | 13.9% | PB1.1x | Financials | |
| UBCI Union Bancaire pour le Commerce et L'Industrie Société anonyme | د.ت23.10 | 12.1% +د.ت50.0m | 5.0% | PB0.8x | Financials |
