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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.1%
  • 3M66.9%
  • 1Y80.7%
  • YTD49.4%

Over the last 7 days, the market has dropped 3.1%, driven by a decline of 3.6% in the Financials sector. In contrast to the last week, the market is actually up 81% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026TSh22.6tTSh7.6tTSh1.9t21.4x11.8x3x
Sat, 07 Feb 2026TSh20.4tTSh7.6tTSh1.9t20.7x10.7x2.7x
Mon, 05 Jan 2026TSh15.1tTSh7.4tTSh1.8t15.9x8.3x2x
Wed, 03 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.3x7.3x1.8x
Fri, 31 Oct 2025TSh13.3tTSh7.1tTSh1.8t15.8x7.5x1.9x
Sun, 28 Sep 2025TSh13.3tTSh7.1tTSh1.8t15.6x7.6x1.9x
Tue, 26 Aug 2025TSh13.7tTSh7.1tTSh1.7t15.3x8x1.9x
Thu, 24 Jul 2025TSh13.3tTSh6.7tTSh1.6t13.1x8.2x2x
Sat, 21 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.7x7.7x1.9x
Mon, 19 May 2025TSh13.1tTSh6.6tTSh1.6t11x8x2x
Wed, 16 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.5x7.9x1.9x
Fri, 14 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sun, 09 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Tue, 07 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Thu, 05 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.4x7.7x1.9x
Sat, 02 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Mon, 30 Sep 2024TSh12.0tTSh6.2tTSh1.5t10.5x7.9x2x
Wed, 28 Aug 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Fri, 26 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.7x8.2x2x
Sun, 23 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Tue, 21 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8x2x
Thu, 18 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.5x2x
Sat, 16 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Mon, 12 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.3x2x
Wed, 10 Jan 2024TSh11.3tTSh5.4tTSh1.3t6.9x8.8x2.1x
Fri, 08 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Sun, 05 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Tue, 03 Oct 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Thu, 31 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.1x9x2.1x
Sat, 29 Jul 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.4x2.1x
Mon, 26 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.5x2.2x
Wed, 24 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Fri, 21 Apr 2023TSh10.9tTSh4.9tTSh1.1t8.4x9.8x2.2x
Sun, 19 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Price to Earnings Ratio

9.5x


Total Market Cap: TSh10.6tTotal Earnings: TSh1.1tTotal Revenue: TSh4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.5x202420252026
Current Market PE
  • Investors are optimistic on the Tanzanian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 11.8x which is higher than its 3-year average PE of 8.5x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 20% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Tanzanian Market?

TZ Market-3.12%
Energy0%0
Materials0%0
Telecom-1.23%
Consumer Staples-3.00%
Financials-3.60%
Industrials-5.97%
Sector PE
  • Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 32.6x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • 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 4.5x.
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?

CompanyLast Price7D1YValuationSector
CRDB CRDB BankTSh2.94k5.4%
+TSh391.8b		286.8%PB2.8xFinancials
PAL Precision Air ServicesTSh770.0071.1%
+TSh51.4b		92.5%PS0.8xIndustrials
VODA Vodacom TanzaniaTSh820.002.5%
+TSh44.8b		6.5%PE25.5xTelecom
TTP TatepaTSh660.0051.7%
+TSh4.2b		450.0%PE-5xConsumer Staples
TPCC Tanzania Portland CementTSh6.81k0.1%
+TSh1.8b		70.3%PE21xMaterials
See more

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Latest News

CRDB
TSh2,940.00
CRDB Bank
7D
5.4%
1Y
286.8%

A 30% ROE Bank Trading at 6x Earnings

CRDB Bank delivered a strong Q3 2025 performance with profit after tax of TZS 506.1 billion (9-month cumulative), representing a 27% YoY growth. At the current market price of TZS 1,170 per share , the stock appears moderately valued with a P/E ratio of 15.73 and solid fundamentals supporting continued growth.
NICO
TSh3,750.00
National Investment
7D
-1.8%
1Y
485.9%
VODA
TSh820.00
Vodacom Tanzania
7D
2.5%
1Y
6.5%
MKCB
TSh5,000.00
Mkombozi Commercial Bank
7D
0.4%
1Y
762.1%
MBP
TSh2,470.00
Maendeleo Bank
7D
-7.1%
1Y
615.9%
NMB
TSh14,270.00
NMB Bank
7D
-2.3%
1Y
143.9%
TPCC
TSh6,810.00
Tanzania Portland Cement
7D
0.1%
1Y
70.3%
SWIS
TSh2,600.00
Swissport Tanzania
7D
-3.0%
1Y
136.4%
DCB
TSh785.00
DCB Commercial Bank
7D
-6.0%
1Y
503.8%
MCB
TSh1,820.00
Mwalimu Commercial Bank
7D
-25.1%
1Y
487.1%
TCC
TSh11,400.00
Tanzania Cigarette
7D
-4.4%
1Y
-32.9%
TBL
TSh9,720.00
Tanzania Breweries
7D
-1.0%
1Y
-10.8%
PAL
TSh770.00
Precision Air Services
7D
71.1%
1Y
92.5%
MUCOBA
TSh1,110.00
Mucoba Bank
7D
2.8%
1Y
177.5%
TTP
TSh660.00
Tatepa
7D
51.7%
1Y
450.0%
TCCL
TSh3,190.00
Tanga Cement
7D
0.3%
1Y
67.9%