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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies18
  • 7D5.4%
  • 3M4.6%
  • 1Y13.4%
  • YTD11.1%

The market has climbed 5.4% in the last 7 days, lead by the Financials sector with a gain of 8.5%. The market is up 13% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Jul 2025TSh13.4tTSh6.7tTSh1.6t12.9x8.3x2x
Tue, 10 Jun 2025TSh12.9tTSh6.7tTSh1.7t11.7x7.8x1.9x
Thu, 08 May 2025TSh13.1tTSh6.6tTSh1.6t9.9x8x2x
Sat, 05 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Mon, 03 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Wed, 29 Jan 2025TSh12.2tTSh6.4tTSh1.6t9.8x7.8x1.9x
Fri, 27 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.2x7.6x1.9x
Sun, 24 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.5x7.5x1.9x
Tue, 22 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.9x7.9x2x
Thu, 19 Sep 2024TSh12.1tTSh6.2tTSh1.5t10x7.9x2x
Sat, 17 Aug 2024TSh12.2tTSh6.1tTSh1.5t9.1x8x2x
Mon, 15 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.4x8.3x2x
Wed, 12 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Fri, 10 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Sun, 07 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.6x8.5x2.1x
Tue, 05 Mar 2024TSh11.5tTSh5.6tTSh1.4t6.6x8.4x2x
Thu, 01 Feb 2024TSh11.2tTSh5.4tTSh1.3t6.8x8.7x2.1x
Sat, 30 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.8x8.7x2x
Mon, 27 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Wed, 25 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Fri, 22 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Sun, 20 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Tue, 18 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.8x9.4x2.1x
Thu, 15 Jun 2023TSh10.7tTSh5.0tTSh1.1t8.1x9.4x2.2x
Sat, 13 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Mon, 10 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Wed, 08 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Fri, 03 Feb 2023TSh10.5tTSh4.5tTSh1.0t10x10.2x2.3x
Sun, 01 Jan 2023TSh10.2tTSh4.0tTSh921.9b11.5x11x2.6x
Tue, 29 Nov 2022TSh10.1tTSh4.0tTSh923.1b10.2x10.9x2.5x
Thu, 27 Oct 2022TSh10.0tTSh3.8tTSh839.0b10.8x12x2.6x
Sat, 24 Sep 2022TSh10.1tTSh3.8tTSh834.5b12.5x12.1x2.6x
Mon, 22 Aug 2022TSh10.2tTSh3.1tTSh700.6b11.6x14.5x3.3x
Wed, 20 Jul 2022TSh10.1tTSh2.9tTSh626.2b10.9x16.2x3.4x
Price to Earnings Ratio

16.2x


Total Market Cap: TSh10.1tTotal Earnings: TSh626.2bTotal Revenue: TSh2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 9.2x202320242025
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 9.2x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 37% per year over the last three years.
  • Revenues for these companies have grown 31% 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 Market5.44%
Materials17.93%
Financials8.47%
Telecom2.91%
Industrials0.67%
Energy0%0
Consumer Staples-0.70%
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 49.4x.
    • 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 3.9x.
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 BankTSh1.00k14.3%
+TSh326.5b		81.8%PB1.2xFinancials
NMB NMB BankTSh7.10k4.4%
+TSh150.0b		31.5%PB1.3xFinancials
TPCC Tanzania Portland CementTSh6.10k13.0%
+TSh125.9b		48.8%PE19.4xMaterials
NICO National InvestmentTSh1.23k23.6%
+TSh14.5b		53.8%n/aFinancials
VODA Vodacom TanzaniaTSh520.001.0%
+TSh11.2b		-32.5%PE12.9xTelecom
See more

Market Insights

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MKCB
TSh1,220.00
Mkombozi Commercial Bank
7D
10.9%
1Y
103.3%
DSE
TSh3,000.00
Dar es Salaam Stock Exchange
7D
2.0%
1Y
30.4%
NMB
TSh7,100.00
NMB Bank
7D
4.4%
1Y
31.5%
CRDB
TSh1,000.00
CRDB Bank
7D
14.3%
1Y
81.8%
TPCC
TSh6,100.00
Tanzania Portland Cement
7D
13.0%
1Y
48.8%
AFRIPRISE
TSh340.00
Afriprise Investment
7D
-2.9%
1Y
51.1%
MCB
TSh225.00
Mwalimu Commercial Bank
7D
-2.2%
1Y
-27.4%
TCC
TSh16,010.00
Tanzania Cigarette
7D
-2.0%
1Y
-5.8%
NICO
TSh1,230.00
National Investment
7D
23.6%
1Y
53.8%
TOL
TSh760.00
TOL Gases
7D
5.6%
1Y
8.6%
VODA
TSh520.00
Vodacom Tanzania
7D
1.0%
1Y
-32.5%
TBL
TSh9,880.00
Tanzania Breweries
7D
-2.0%
1Y
-9.4%