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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies17
  • 7D2.5%
  • 3M8.3%
  • 1Y16.9%
  • YTD17.7%

Over the last 7 days, the market has risen 2.5%, driven by gains of 3.7% in the Financials sector. The market is up 17% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025TSh14.0tTSh7.1tTSh1.7t16x8.2x2x
Thu, 31 Jul 2025TSh13.4tTSh7.0tTSh1.7t14.6x7.9x1.9x
Sat, 28 Jun 2025TSh12.6tTSh6.7tTSh1.6t12.8x7.8x1.9x
Mon, 26 May 2025TSh13.0tTSh6.7tTSh1.6t10.3x8x1.9x
Wed, 23 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Fri, 21 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sun, 16 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.7x7.7x1.9x
Tue, 14 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.9x7.7x1.9x
Thu, 12 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Sat, 09 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.5x1.9x
Mon, 07 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.8x2x
Wed, 04 Sep 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Fri, 02 Aug 2024TSh11.9tTSh6.1tTSh1.5t9.4x7.8x1.9x
Sun, 30 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8.1x2x
Tue, 28 May 2024TSh11.7tTSh5.8tTSh1.4t7.7x8.1x2x
Thu, 25 Apr 2024TSh11.5tTSh5.6tTSh1.4t7.3x8.5x2x
Sat, 23 Mar 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.4x2.1x
Mon, 19 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Wed, 17 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.7x8.7x2.1x
Fri, 15 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Sun, 12 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Tue, 10 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Thu, 07 Sep 2023TSh11.2tTSh5.3tTSh1.2t9.4x9x2.1x
Sat, 05 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Mon, 03 Jul 2023TSh10.7tTSh4.2tTSh1.0t9.5x10.7x2.6x
Wed, 31 May 2023TSh10.9tTSh5.0tTSh1.1t8.7x9.5x2.2x
Fri, 28 Apr 2023TSh10.9tTSh4.9tTSh1.1t9.2x9.8x2.2x
Sun, 26 Mar 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Tue, 21 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Thu, 19 Jan 2023TSh10.2tTSh4.0tTSh931.1b9.6x10.9x2.6x
Sat, 17 Dec 2022TSh10.1tTSh4.0tTSh923.1b10.6x10.9x2.5x
Mon, 14 Nov 2022TSh10.0tTSh4.0tTSh923.1b10.5x10.8x2.5x
Wed, 12 Oct 2022TSh10.1tTSh3.8tTSh834.5b12.1x12.1x2.6x
Fri, 09 Sep 2022TSh10.2tTSh3.8tTSh834.0b13.2x12.2x2.7x
Price to Earnings Ratio

12.2x


Total Market Cap: TSh10.2tTotal Earnings: TSh834.0bTotal Revenue: TSh3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.9x202320242025
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 8.9x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 27% 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 Market2.53%
Materials9.77%
Financials3.72%
Telecom3.48%
Energy0%0
Consumer Staples-2.04%
Industrials-3.64%
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 38.4x.
    • 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 4.0x.
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 BankTSh1.26k4.1%
+TSh130.6b		88.1%PB1.4xFinancials
NMB NMB BankTSh8.44k2.6%
+TSh105.0b		56.3%PB1.6xFinancials
TPCC Tanzania Portland CementTSh5.50k10.7%
+TSh95.4b		43.2%PE17xMaterials
VODA Vodacom TanzaniaTSh595.003.5%
+TSh44.8b		-22.7%PE16xTelecom
DSE Dar es Salaam Stock ExchangeTSh6.10k22.7%
+TSh26.9b		150.0%PE28.5xFinancials
See more

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NICO
TSh1,760.00
National Investment
7D
25.7%
1Y
125.6%
VODA
TSh595.00
Vodacom Tanzania
7D
3.5%
1Y
-22.7%
MKCB
TSh2,590.00
Mkombozi Commercial Bank
7D
-3.7%
1Y
362.5%
MBP
TSh830.00
Maendeleo Bank
7D
-1.2%
1Y
163.5%
DSE
TSh6,100.00
Dar es Salaam Stock Exchange
7D
22.7%
1Y
150.0%
NMB
TSh8,440.00
NMB Bank
7D
2.6%
1Y
56.3%
CRDB
TSh1,260.00
CRDB Bank
7D
4.1%
1Y
88.1%
TPCC
TSh5,500.00
Tanzania Portland Cement
7D
10.7%
1Y
43.2%
SWIS
TSh2,120.00
Swissport Tanzania
7D
-3.6%
1Y
112.0%
AFRIPRISE
TSh515.00
Afriprise Investment
7D
-2.8%
1Y
123.9%
DCB
TSh300.00
DCB Commercial Bank
7D
22.4%
1Y
122.2%
TOL
TSh960.00
TOL Gases
7D
-4.0%
1Y
n/a
TBL
TSh7,500.00
Tanzania Breweries
7D
-3.4%
1Y
-31.2%
TCCL
TSh2,370.00
Tanga Cement
7D
0.4%
1Y
48.1%