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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies16
  • 7D9.3%
  • 3M70.7%
  • 1Y83.8%
  • YTD49.7%

The market is up 9.3% over the last week, with the Financials sector leading the way, up 14%. Meanwhile, the Consumer Staples sector has underperformed, shrinking 3.0% in that time. In the last year, the market has climbed 84%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026TSh22.6tTSh7.6tTSh1.9t22.6x11.8x3x
Fri, 16 Jan 2026TSh16.4tTSh7.4tTSh1.8t19.3x8.9x2.2x
Sun, 14 Dec 2025TSh13.9tTSh7.4tTSh1.8t13.3x7.6x1.9x
Tue, 11 Nov 2025TSh13.3tTSh7.3tTSh1.8t14.6x7.3x1.8x
Thu, 09 Oct 2025TSh13.3tTSh7.1tTSh1.8t15.9x7.5x1.9x
Sat, 06 Sep 2025TSh13.9tTSh7.1tTSh1.7t15.8x8.1x2x
Mon, 04 Aug 2025TSh13.7tTSh7.0tTSh1.7t14.8x8.1x2x
Wed, 02 Jul 2025TSh12.7tTSh6.7tTSh1.6t12.7x7.8x1.9x
Fri, 30 May 2025TSh12.9tTSh6.7tTSh1.6t10.1x7.9x1.9x
Sun, 27 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Tue, 25 Mar 2025TSh12.7tTSh6.6tTSh1.6t9.8x7.8x1.9x
Thu, 20 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.5x7.7x1.9x
Sat, 18 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.8x7.7x1.9x
Mon, 16 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Wed, 13 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.7x7.5x1.9x
Fri, 11 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.9x2x
Sun, 08 Sep 2024TSh12.2tTSh6.1tTSh1.5t9.9x8x2x
Tue, 06 Aug 2024TSh12.0tTSh6.1tTSh1.5t9.3x7.9x2x
Thu, 04 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.3x8.2x2x
Sat, 01 Jun 2024TSh11.7tTSh5.9tTSh1.4t7.4x8.1x2x
Mon, 29 Apr 2024TSh11.6tTSh5.6tTSh1.4t7.3x8.5x2.1x
Wed, 27 Mar 2024TSh11.6tTSh5.6tTSh1.4t6.8x8.5x2.1x
Fri, 23 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.7x8.4x2x
Sun, 21 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.7x8.7x2.1x
Tue, 19 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Thu, 16 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Sat, 14 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Mon, 11 Sep 2023TSh11.2tTSh5.3tTSh1.2t9.4x9x2.1x
Wed, 09 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Fri, 07 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.9x9.4x2.1x
Sun, 04 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.6x9.5x2.2x
Tue, 02 May 2023TSh10.9tTSh4.9tTSh1.1t8.7x9.8x2.2x
Thu, 30 Mar 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Sat, 25 Feb 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 8.4x202420252026
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 8.4x.
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 Market9.32%
Financials14.46%
Materials4.72%
Telecom3.82%
Industrials0.75%
Energy0%0
Consumer Staples-3.02%
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 33.5x.
    • 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 4.4x.
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 BankTSh3.00k19.0%
+TSh1.3t		316.7%PB2.9xFinancials
NMB NMB BankTSh13.23k10.2%
+TSh610.0b		132.1%PB2.1xFinancials
VODA Vodacom TanzaniaTSh815.003.8%
+TSh67.2b		5.8%PE25.4xTelecom
TPCC Tanzania Portland CementTSh6.50k5.0%
+TSh55.8b		62.5%PE20.1xMaterials
MCB Mwalimu Commercial BankTSh1.02k44.7%
+TSh19.5b		229.0%PB3.7xFinancials
See more

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Latest News

CRDB
TSh3,000.00
CRDB Bank
7D
19.0%
1Y
316.7%

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
TSh3,740.00
National Investment
7D
8.1%
1Y
484.4%
VODA
TSh815.00
Vodacom Tanzania
7D
3.8%
1Y
5.8%
MKCB
TSh4,840.00
Mkombozi Commercial Bank
7D
13.3%
1Y
706.7%
MBP
TSh2,500.00
Maendeleo Bank
7D
23.8%
1Y
706.5%
DSE
TSh6,850.00
Dar es Salaam Stock Exchange
7D
-2.0%
1Y
200.4%
NMB
TSh13,230.00
NMB Bank
7D
10.2%
1Y
132.1%
TPCC
TSh6,500.00
Tanzania Portland Cement
7D
5.0%
1Y
62.5%
MCB
TSh1,020.00
Mwalimu Commercial Bank
7D
44.7%
1Y
229.0%
TCC
TSh12,020.00
Tanzania Cigarette
7D
-5.0%
1Y
-29.3%
TOL
TSh895.00
TOL Gases
7D
-1.1%
1Y
33.6%
TBL
TSh10,240.00
Tanzania Breweries
7D
-2.2%
1Y
-6.1%
PAL
TSh310.00
Precision Air Services
7D
-7.5%
1Y
-22.5%
TCCL
TSh3,140.00
Tanga Cement
7D
-1.9%
1Y
65.3%