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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies18
  • 7D0.6%
  • 3M-4.8%
  • 1Y11.9%
  • YTD11.3%

The Industrials sector gained 3.2% while the market remained flat over the last week. As for the longer term, the market has risen 12% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.3x7.3x1.8x
Sat, 01 Nov 2025TSh13.3tTSh7.2tTSh1.8t15.8x7.4x1.9x
Mon, 29 Sep 2025TSh13.3tTSh7.1tTSh1.8t15.6x7.6x1.9x
Wed, 27 Aug 2025TSh13.9tTSh7.1tTSh1.7t15.6x8.1x2x
Fri, 25 Jul 2025TSh13.3tTSh6.8tTSh1.6t14.4x8.2x1.9x
Sun, 22 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.7x7.7x1.9x
Tue, 20 May 2025TSh13.1tTSh6.6tTSh1.6t10.9x8x2x
Thu, 17 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Sat, 15 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Mon, 10 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Wed, 08 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Fri, 06 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.4x7.7x1.9x
Sun, 03 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Tue, 01 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.5x7.9x2x
Thu, 29 Aug 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Sat, 27 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.5x8.3x2x
Mon, 24 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Wed, 22 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Fri, 19 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.7x8.5x2x
Sun, 17 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Tue, 13 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.3x2x
Thu, 11 Jan 2024TSh11.2tTSh5.4tTSh1.3t7.1x8.8x2.1x
Sat, 09 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.8x2.1x
Mon, 06 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Wed, 04 Oct 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Fri, 01 Sep 2023TSh10.9tTSh5.2tTSh1.2t9.4x9x2.1x
Sun, 30 Jul 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.4x2.1x
Tue, 27 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.5x2.2x
Thu, 25 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Sat, 22 Apr 2023TSh11.0tTSh4.9tTSh1.1t8.4x9.8x2.2x
Mon, 20 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Wed, 15 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Fri, 13 Jan 2023TSh10.2tTSh4.0tTSh931.1b9.6x11x2.6x
Sun, 11 Dec 2022TSh10.1tTSh4.0tTSh923.1b10.6x10.9x2.5x
Price to Earnings Ratio

10.9x


Total Market Cap: TSh10.1tTotal Earnings: TSh923.1bTotal Revenue: TSh4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.5x202320242025
Current Market PE
  • Investors are pessimistic on the Tanzanian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 7.3x which is lower than its 3-year average PE of 8.5x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 26% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market0.58%
Industrials3.23%
Consumer Staples2.38%
Materials0.71%
Financials0.009%
Energy0%0
Telecom-0.86%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 20.3x.
    • 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 4.2x.
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
TBL Tanzania BreweriesTSh8.10k2.7%
+TSh60.7b		-25.7%PE18.3xConsumer Staples
NMB NMB BankTSh8.06k0.6%
+TSh25.0b		49.3%PB1.4xFinancials
TCC Tanzania CigaretteTSh9.98k1.8%
+TSh18.0b		-41.3%PE7.6xConsumer Staples
TPCC Tanzania Portland CementTSh5.95k0.5%
+TSh5.4b		64.4%PE18.4xMaterials
AFRIPRISE Afriprise InvestmentTSh440.004.8%
+TSh2.9b		95.6%PE14.8xFinancials
See more

Market Insights

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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.
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