Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Tanzanian (DSEI) Market Analysis & Valuation

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.0%
  • 3M43.4%
  • 1Y74.3%
  • YTD46.0%

Over the last 7 days, the market has dropped 2.0%, driven by a pullback of 3.0% in the Financials sector. In the last year, the market is actually up 74%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026TSh22.1tTSh7.5tTSh1.9t21.4x11.5x2.9x
Wed, 04 Mar 2026TSh23.3tTSh7.6tTSh1.9t22x12.2x3.1x
Fri, 30 Jan 2026TSh18.6tTSh7.4tTSh1.9t18.7x10x2.5x
Sun, 28 Dec 2025TSh14.5tTSh7.4tTSh1.8t14.4x7.9x2x
Tue, 25 Nov 2025TSh13.3tTSh7.3tTSh1.8t11.9x7.2x1.8x
Thu, 23 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.8x7.5x1.8x
Sat, 20 Sep 2025TSh13.4tTSh7.1tTSh1.8t15.6x7.6x1.9x
Mon, 18 Aug 2025TSh14.9tTSh7.1tTSh1.7t16.3x8.7x2.1x
Wed, 16 Jul 2025TSh13.5tTSh6.7tTSh1.6t12.9x8.3x2x
Fri, 13 Jun 2025TSh12.6tTSh6.7tTSh1.7t11.7x7.6x1.9x
Sun, 11 May 2025TSh13.0tTSh6.6tTSh1.6t10.4x7.9x2x
Tue, 08 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Thu, 06 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sat, 01 Feb 2025TSh12.4tTSh6.4tTSh1.6t9.8x7.9x1.9x
Mon, 30 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.3x7.6x1.9x
Wed, 27 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.7x7.5x1.9x
Fri, 25 Oct 2024TSh12.1tTSh6.2tTSh1.5t10.7x7.9x2x
Sun, 22 Sep 2024TSh12.1tTSh6.2tTSh1.5t10.4x7.9x2x
Tue, 20 Aug 2024TSh12.2tTSh6.1tTSh1.5t8.3x8x2x
Thu, 18 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.4x8.3x2x
Sat, 15 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Mon, 13 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Wed, 10 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.8x8.5x2.1x
Fri, 08 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Sun, 04 Feb 2024TSh11.3tTSh5.6tTSh1.4t7x8.2x2x
Tue, 02 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.9x8.8x2.1x
Thu, 30 Nov 2023TSh11.2tTSh5.4tTSh1.3t7.9x8.7x2.1x
Sat, 28 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Mon, 25 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Wed, 23 Aug 2023TSh10.8tTSh5.2tTSh1.2t9.5x8.9x2.1x
Fri, 21 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.4x9.4x2.1x
Sun, 18 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Tue, 16 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Thu, 13 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.2x9.7x2.2x
Price to Earnings Ratio

9.7x


Total Market Cap: TSh10.8tTotal Earnings: TSh1.1tTotal Revenue: TSh4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.5x202420252026
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 11.5x which is higher than its 3-year average PE of 8.5x.
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 16% 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-2.02%
Consumer Staples2.73%
Industrials0.72%
Energy0%0
Financials-3.01%
Telecom-3.14%
Materials-3.44%
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 31.6x.
    • 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 4.7x.
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
TBL Tanzania BreweriesTSh9.70k2.0%
+TSh54.9b		-11.0%PE21.4xConsumer Staples
TCC Tanzania CigaretteTSh12.53k3.7%
+TSh45.0b		-26.3%PE9.5xConsumer Staples
NMB NMB BankTSh13.99k0.1%
+TSh10.0b		133.2%PB2.3xFinancials
NICO National InvestmentTSh3.90k1.8%
+TSh4.3b		441.7%PE21xFinancials
See more

Market Insights

Header cover image
What’s happening with Renewables & EVs?
Richard Bowman avatar
Richard Bowman
Part 1 of 3 in our “What’s happening with…” series, where we look back on the investment themes that were all the rage just a few years ago and see how they're doing now.
Continue reading
How to spot the winners in 2026's IPOs

Latest News

CRDB
TSh2,640.00
CRDB Bank
7D
-5.0%
1Y
234.2%

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.
NICO
TSh3,900.00
National Investment
7D
1.8%
1Y
441.7%
VODA
TSh770.00
Vodacom Tanzania
7D
-3.1%
1Y
0%
MBP
TSh2,380.00
Maendeleo Bank
7D
-4.8%
1Y
543.2%
DSE
TSh6,460.00
Dar es Salaam Stock Exchange
7D
-2.1%
1Y
176.1%
NMB
TSh13,990.00
NMB Bank
7D
0.1%
1Y
133.2%
TPCC
TSh7,280.00
Tanzania Portland Cement
7D
-2.5%
1Y
81.1%
TCC
TSh12,530.00
Tanzania Cigarette
7D
3.7%
1Y
-26.3%
TBL
TSh9,700.00
Tanzania Breweries
7D
2.0%
1Y
-11.0%
PAL
TSh455.00
Precision Air Services
7D
-17.3%
1Y
13.8%
MUCOBA
TSh805.00
Mucoba Bank
7D
-22.6%
1Y
101.3%
TCCL
TSh2,850.00
Tanga Cement
7D
-5.0%
1Y
58.3%