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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies18
  • 7D1.8%
  • 3M5.3%
  • 1Y19.6%
  • YTD18.5%

Over the last 7 days, the market has risen 1.8%, driven by gains in every sector, especially the Financials sector. The market is up 20% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025TSh14.2tTSh7.4tTSh1.8t13.9x7.7x1.9x
Wed, 19 Nov 2025TSh13.3tTSh7.3tTSh1.8t12.4x7.2x1.8x
Fri, 17 Oct 2025TSh13.4tTSh7.1tTSh1.8t15.5x7.6x1.9x
Sun, 14 Sep 2025TSh13.6tTSh7.1tTSh1.7t15.5x7.9x1.9x
Tue, 12 Aug 2025TSh14.1tTSh7.1tTSh1.7t16x8.2x2x
Thu, 10 Jul 2025TSh13.3tTSh6.7tTSh1.6t12.9x8.2x2x
Sat, 07 Jun 2025TSh13.0tTSh6.7tTSh1.6t12.7x7.9x1.9x
Mon, 05 May 2025TSh12.9tTSh6.6tTSh1.6t8.9x7.9x2x
Wed, 02 Apr 2025TSh12.7tTSh6.6tTSh1.6t9.9x7.9x1.9x
Fri, 28 Feb 2025TSh12.5tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sun, 26 Jan 2025TSh12.2tTSh6.4tTSh1.6t9.8x7.8x1.9x
Tue, 24 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.3x7.6x1.9x
Thu, 21 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.6x7.5x1.9x
Sat, 19 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.9x7.9x2x
Mon, 16 Sep 2024TSh12.1tTSh6.2tTSh1.5t10x7.9x2x
Wed, 14 Aug 2024TSh12.1tTSh6.1tTSh1.5t9.1x8x2x
Fri, 12 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.1x8.2x2x
Sun, 09 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Tue, 07 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8.1x2x
Thu, 04 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.7x8.5x2.1x
Sat, 02 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Mon, 29 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.8x8.7x2.1x
Wed, 27 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Fri, 24 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Sun, 22 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Tue, 19 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Thu, 17 Aug 2023TSh10.9tTSh5.2tTSh1.2t8.9x9x2.1x
Sat, 15 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.8x9.4x2.1x
Mon, 12 Jun 2023TSh10.7tTSh5.0tTSh1.1t8.2x9.4x2.2x
Wed, 10 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Fri, 07 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Sun, 05 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Tue, 31 Jan 2023TSh10.2tTSh4.5tTSh1.0t9.8x10x2.3x
Thu, 29 Dec 2022TSh10.1tTSh4.0tTSh923.1b10.6x11x2.6x
Price to Earnings Ratio

11x


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 relatively neutral on the Tanzanian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio 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 Market1.81%
Industrials9.29%
Financials2.47%
Materials1.00%
Telecom0.83%
Consumer Staples0.77%
Energy0%0
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 16.9x.
    • 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
NMB NMB BankTSh8.39k2.4%
+TSh100.0b		56.8%PB1.5xFinancials
TBL Tanzania BreweriesTSh8.30k0.9%
+TSh20.2b		-23.9%PE18.3xConsumer Staples
TCCL Tanga CementTSh2.40k14.8%
+TSh19.5b		33.3%PS0.7xMaterials
NICO National InvestmentTSh1.80k16.9%
+TSh16.0b		176.9%PE12.2xFinancials
TOL TOL GasesTSh1.06k33.3%
+TSh15.2b		58.2%PE26.8xMaterials
See more

Market Insights

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TSh1,330.00
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7D
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1Y
104.6%

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.
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TCCL
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