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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies17
  • 7D4.7%
  • 3M40.8%
  • 1Y54.7%
  • YTD25.4%

Over the last 7 days, the market has risen 4.7%, driven by gains of 8.4% in the Financials sector. On the other hand, with a decline of 3.1%, the Communication Services sector is lagging behind. As for the past 12 months, the market is up 55%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026TSh19.0tTSh7.4tTSh1.8t20x10.4x2.6x
Sat, 27 Dec 2025TSh14.5tTSh7.4tTSh1.8t14.4x7.9x2x
Mon, 24 Nov 2025TSh13.3tTSh7.3tTSh1.8t12x7.2x1.8x
Wed, 22 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.6x7.5x1.8x
Fri, 19 Sep 2025TSh13.3tTSh7.1tTSh1.7t15.4x7.8x1.9x
Sun, 17 Aug 2025TSh14.9tTSh7.1tTSh1.7t16.3x8.7x2.1x
Tue, 15 Jul 2025TSh13.3tTSh6.7tTSh1.6t12.6x8.3x2x
Thu, 12 Jun 2025TSh12.7tTSh6.7tTSh1.7t11.7x7.7x1.9x
Sat, 10 May 2025TSh13.0tTSh6.6tTSh1.6t10.4x7.9x2x
Mon, 07 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Wed, 05 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.7x7.8x1.9x
Fri, 31 Jan 2025TSh12.4tTSh6.4tTSh1.6t9.8x7.9x1.9x
Sun, 29 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.3x7.6x1.9x
Tue, 26 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.5x7.5x1.9x
Thu, 24 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.6x7.9x2x
Sat, 21 Sep 2024TSh12.1tTSh6.2tTSh1.5t10.4x7.9x2x
Mon, 19 Aug 2024TSh12.2tTSh6.1tTSh1.5t8.3x8x2x
Wed, 17 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.4x8.2x2x
Fri, 14 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Sun, 12 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Tue, 09 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.7x8.5x2.1x
Thu, 07 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Sat, 03 Feb 2024TSh11.3tTSh5.6tTSh1.4t7x8.2x2x
Mon, 01 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.9x8.8x2.1x
Wed, 29 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Fri, 27 Oct 2023TSh11.4tTSh5.3tTSh1.2t7.6x9.1x2.1x
Sun, 24 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Tue, 22 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Thu, 20 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.4x9.4x2.1x
Sat, 17 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Mon, 15 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Wed, 12 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.6x2.2x
Fri, 10 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sun, 05 Feb 2023TSh10.5tTSh4.6tTSh1.1t10x9.9x2.3x
Price to Earnings Ratio

9.9x


Total Market Cap: TSh10.5tTotal Earnings: TSh1.1tTotal Revenue: TSh4.6tTotal 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 10.4x 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 17% 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 Market4.71%
Financials8.39%
Consumer Staples0.81%
Energy0%0
Materials-0.29%
Telecom-3.06%
Industrials-6.95%
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 34.1x.
    • 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 4.3x.
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 BankTSh2.20k10.6%
+TSh548.5b		218.8%PB2.3xFinancials
NMB NMB BankTSh10.15k7.9%
+TSh370.0b		73.5%PB1.8xFinancials
AFRIPRISE Afriprise InvestmentTSh860.0035.4%
+TSh32.8b		290.9%PE28.9xFinancials
TCC Tanzania CigaretteTSh11.71k2.8%
+TSh32.0b		-31.1%PE8.9xConsumer Staples
MCB Mwalimu Commercial BankTSh875.0047.1%
+TSh17.3b		182.3%PB3.2xFinancials
See more

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Latest News

CRDB
TSh2,200.00
CRDB Bank
7D
10.6%
1Y
218.8%

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.
AFRIPRISE
TSh860.00
Afriprise Investment
7D
35.4%
1Y
290.9%
NICO
TSh3,000.00
National Investment
7D
-17.4%
1Y
354.5%
VODA
TSh950.00
Vodacom Tanzania
7D
-3.1%
1Y
23.4%
MKCB
TSh3,950.00
Mkombozi Commercial Bank
7D
-21.0%
1Y
605.4%
MBP
TSh2,370.00
Maendeleo Bank
7D
-8.1%
1Y
664.5%
DSE
TSh7,130.00
Dar es Salaam Stock Exchange
7D
-2.6%
1Y
202.1%
NMB
TSh10,150.00
NMB Bank
7D
7.9%
1Y
73.5%
TPCC
TSh6,160.00
Tanzania Portland Cement
7D
0.3%
1Y
63.8%
SWIS
TSh3,080.00
Swissport Tanzania
7D
-6.9%
1Y
208.0%
MCB
TSh875.00
Mwalimu Commercial Bank
7D
47.1%
1Y
182.3%
TCC
TSh11,710.00
Tanzania Cigarette
7D
2.8%
1Y
-31.1%
TOL
TSh1,000.00
TOL Gases
7D
-9.9%
1Y
49.3%
PAL
TSh365.00
Precision Air Services
7D
21.7%
1Y
-8.8%
MUCOBA
TSh550.00
Mucoba Bank
7D
26.4%
1Y
37.5%
TCCL
TSh3,260.00
Tanga Cement
7D
-4.4%
1Y
81.1%