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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies18
  • 7D-1.7%
  • 3M-7.7%
  • 1Y10.4%
  • YTD10.8%

Over the last 7 days, the market has dropped 1.7%, driven by a loss of 1.7% in the Financials sector. On the other hand, the Industrials has risen by 4.3%. In the last year, the market is actually up 10%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025TSh13.2tTSh7.3tTSh1.8t15.6x7.2x1.8x
Tue, 07 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.8x7.5x1.9x
Thu, 04 Sep 2025TSh14.0tTSh7.1tTSh1.7t15.9x8.1x2x
Sat, 02 Aug 2025TSh13.7tTSh7.0tTSh1.7t14.8x8.1x2x
Mon, 30 Jun 2025TSh12.6tTSh6.7tTSh1.6t12.8x7.8x1.9x
Wed, 28 May 2025TSh13.0tTSh6.7tTSh1.6t10.3x7.9x1.9x
Fri, 25 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Sun, 23 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Tue, 18 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.7x7.7x1.9x
Thu, 16 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.9x7.7x1.9x
Sat, 14 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Mon, 11 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.5x1.9x
Wed, 09 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.9x2x
Fri, 06 Sep 2024TSh12.2tTSh6.1tTSh1.5t9.9x8x2x
Sun, 04 Aug 2024TSh12.0tTSh6.1tTSh1.5t9.4x7.9x1.9x
Tue, 02 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.1x8.2x2x
Thu, 30 May 2024TSh11.7tTSh5.8tTSh1.4t7.7x8.2x2x
Sat, 27 Apr 2024TSh11.6tTSh5.6tTSh1.4t7.3x8.5x2.1x
Mon, 25 Mar 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.4x2.1x
Wed, 21 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Fri, 19 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.7x8.7x2.1x
Sun, 17 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Tue, 14 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Thu, 12 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Sat, 09 Sep 2023TSh11.2tTSh5.3tTSh1.2t9.4x9x2.1x
Mon, 07 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Wed, 05 Jul 2023TSh10.7tTSh5.3tTSh1.1t9.9x9.4x2x
Fri, 02 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.6x9.5x2.2x
Sun, 30 Apr 2023TSh10.9tTSh4.9tTSh1.1t9.2x9.8x2.2x
Tue, 28 Mar 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Thu, 23 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sat, 21 Jan 2023TSh10.2tTSh4.0tTSh930.0b9.6x10.9x2.5x
Mon, 19 Dec 2022TSh10.1tTSh4.0tTSh923.1b10.6x10.9x2.5x
Wed, 16 Nov 2022TSh10.0tTSh4.0tTSh923.1b10.5x10.8x2.5x
Price to Earnings Ratio

10.8x


Total Market Cap: TSh10.0tTotal Earnings: TSh923.1bTotal Revenue: TSh4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.6x202320242025
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 7.2x which is lower than its 3-year average PE of 8.6x.
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 22% 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-1.75%
Industrials4.29%
Materials0.054%
Energy0%0
Financials-1.75%
Consumer Staples-1.78%
Telecom-3.33%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 25.0x.
    • 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 4.1x.
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
MKCB Mkombozi Commercial BankTSh2.79k10.7%
+TSh6.4b		416.7%PB1.4xFinancials
TBL Tanzania BreweriesTSh7.55k0.3%
+TSh5.8b		-30.7%PE16.7xConsumer Staples
NMB NMB BankTSh8.00k0.1%
+TSh5.0b		48.1%PB1.4xFinancials
PAL Precision Air ServicesTSh330.006.5%
+TSh3.2b		-17.5%PS0.8xIndustrials
SWIS Swissport TanzaniaTSh1.70k4.3%
+TSh2.5b		39.3%PE10.9xIndustrials
See more

Market Insights

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VODA
TSh580.00
Vodacom Tanzania
7D
-3.3%
1Y
-24.7%
MKCB
TSh2,790.00
Mkombozi Commercial Bank
7D
10.7%
1Y
416.7%
MBP
TSh655.00
Maendeleo Bank
7D
-7.1%
1Y
92.6%
DSE
TSh6,240.00
Dar es Salaam Stock Exchange
7D
-6.9%
1Y
157.9%
NMB
TSh8,000.00
NMB Bank
7D
0.1%
1Y
48.1%
CRDB
TSh1,170.00
CRDB Bank
7D
-4.1%
1Y
74.6%
SWIS
TSh1,700.00
Swissport Tanzania
7D
4.3%
1Y
39.3%
DCB
TSh265.00
DCB Commercial Bank
7D
-5.4%
1Y
65.6%
TCC
TSh10,780.00
Tanzania Cigarette
7D
-5.7%
1Y
-36.6%
TOL
TSh900.00
TOL Gases
7D
1.1%
1Y
34.3%
TBL
TSh7,550.00
Tanzania Breweries
7D
0.3%
1Y
-30.7%
PAL
TSh330.00
Precision Air Services
7D
6.5%
1Y
-17.5%
TTP
TSh450.00
Tatepa
7D
-2.2%
1Y
309.1%
TCCL
TSh2,400.00
Tanga Cement
7D
1.7%
1Y
21.2%