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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies18
  • 7D9.2%
  • 3M34.4%
  • 1Y47.8%
  • YTD17.2%

The market has climbed by 9.2% over the past week, with every sector up and the Financials sector leading the way. In the last year, the market has climbed 48%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026TSh17.4tTSh7.4tTSh1.8t20.1x9.5x2.4x
Fri, 19 Dec 2025TSh14.2tTSh7.4tTSh1.8t14x7.7x1.9x
Sun, 16 Nov 2025TSh13.2tTSh7.3tTSh1.8t12.4x7.2x1.8x
Tue, 14 Oct 2025TSh13.5tTSh7.1tTSh1.8t16x7.6x1.9x
Thu, 11 Sep 2025TSh13.7tTSh7.1tTSh1.7t15.4x8x1.9x
Sat, 09 Aug 2025TSh14.1tTSh7.1tTSh1.7t15.6x8.2x2x
Mon, 07 Jul 2025TSh12.8tTSh6.7tTSh1.6t12.9x8x1.9x
Wed, 04 Jun 2025TSh13.1tTSh6.7tTSh1.6t10.1x8x2x
Fri, 02 May 2025TSh12.8tTSh6.6tTSh1.6t8.6x7.8x1.9x
Sun, 30 Mar 2025TSh12.7tTSh6.6tTSh1.6t9.9x7.9x1.9x
Tue, 25 Feb 2025TSh12.5tTSh6.6tTSh1.6t9.5x7.8x1.9x
Thu, 23 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Sat, 21 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.2x7.7x1.9x
Mon, 18 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.6x7.5x1.9x
Wed, 16 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.9x2x
Fri, 13 Sep 2024TSh12.1tTSh6.2tTSh1.5t9.9x7.9x2x
Sun, 11 Aug 2024TSh12.0tTSh6.1tTSh1.5t9.1x7.9x2x
Tue, 09 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.1x8.2x2x
Thu, 06 Jun 2024TSh11.7tTSh5.9tTSh1.4t7.4x8.1x2x
Sat, 04 May 2024TSh11.6tTSh5.7tTSh1.4t7.3x8.3x2x
Mon, 01 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.7x8.6x2.1x
Wed, 28 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Fri, 26 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.7x8.7x2.1x
Sun, 24 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Tue, 21 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Thu, 19 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Sat, 16 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Mon, 14 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Wed, 12 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.8x9.4x2.1x
Fri, 09 Jun 2023TSh10.7tTSh5.0tTSh1.1t8.2x9.4x2.2x
Sun, 07 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Tue, 04 Apr 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Thu, 02 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sat, 28 Jan 2023TSh10.2tTSh4.5tTSh1.0t9.8x10x2.3x
Price to Earnings Ratio

10x


Total Market Cap: TSh10.2tTotal Earnings: TSh1.0tTotal Revenue: TSh4.5tTotal 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 9.5x which is higher than its 3-year average PE of 8.4x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 22% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market9.21%
Telecom19.75%
Industrials17.56%
Financials9.92%
Consumer Staples5.15%
Materials0.42%
Energy0%0
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 34.7x.
    • 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 BankTSh1.93k17.7%
+TSh757.4b		192.4%PB2xFinancials
VODA Vodacom TanzaniaTSh940.0019.7%
+TSh347.2b		22.1%PE23.4xTelecom
TBL Tanzania BreweriesTSh9.60k5.6%
+TSh147.5b		-11.9%PE21.2xConsumer Staples
NMB NMB BankTSh9.30k2.6%
+TSh120.0b		73.8%PB1.6xFinancials
TCCL Tanga CementTSh3.43k28.5%
+TSh47.9b		90.6%PS0.9xMaterials
See more

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Latest News

CRDB
TSh1,930.00
CRDB Bank
7D
17.7%
1Y
192.4%

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.
VODA
TSh940.00
Vodacom Tanzania
7D
19.7%
1Y
22.1%
MBP
TSh2,400.00
Maendeleo Bank
7D
77.8%
1Y
674.2%
NMB
TSh9,300.00
NMB Bank
7D
2.6%
1Y
73.8%
DCB
TSh360.00
DCB Commercial Bank
7D
44.0%
1Y
166.7%
TCC
TSh11,200.00
Tanzania Cigarette
7D
3.9%
1Y
-34.1%
TBL
TSh9,600.00
Tanzania Breweries
7D
5.6%
1Y
-11.9%
TCCL
TSh3,430.00
Tanga Cement
7D
28.5%
1Y
90.6%