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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies18
  • 7D0.6%
  • 3M-3.8%
  • 1Y11.9%
  • YTD11.7%

In the last week, the market has been flat. As for the longer term, the market has risen 12% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.3x7.3x1.8x
Tue, 04 Nov 2025TSh13.3tTSh7.3tTSh1.8t15.8x7.3x1.8x
Thu, 02 Oct 2025TSh13.2tTSh7.1tTSh1.8t16x7.5x1.9x
Sat, 30 Aug 2025TSh14.0tTSh7.1tTSh1.7t15.6x8.2x2x
Mon, 28 Jul 2025TSh13.3tTSh6.8tTSh1.6t14.4x8.2x1.9x
Wed, 25 Jun 2025TSh12.6tTSh6.7tTSh1.6t12.7x7.7x1.9x
Fri, 23 May 2025TSh13.0tTSh6.6tTSh1.6t10.3x7.9x2x
Sun, 20 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Tue, 18 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Thu, 13 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.7x7.7x1.9x
Sat, 11 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.8x7.7x1.9x
Mon, 09 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Wed, 06 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Fri, 04 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.5x7.9x2x
Sun, 01 Sep 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Tue, 30 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.7x8.3x2x
Thu, 27 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8.1x2x
Sat, 25 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Mon, 22 Apr 2024TSh11.5tTSh5.6tTSh1.4t7.3x8.5x2x
Wed, 20 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Fri, 16 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.3x2x
Sun, 14 Jan 2024TSh11.2tTSh5.4tTSh1.3t7x8.8x2.1x
Tue, 12 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.8x2.1x
Thu, 09 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Sat, 07 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Mon, 04 Sep 2023TSh11.0tTSh5.2tTSh1.2t9.4x9x2.1x
Wed, 02 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Fri, 30 Jun 2023TSh10.7tTSh5.0tTSh1.1t8.9x9.4x2.2x
Sun, 28 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Tue, 25 Apr 2023TSh11.0tTSh4.9tTSh1.1t8.4x9.8x2.2x
Thu, 23 Mar 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Sat, 18 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Mon, 16 Jan 2023TSh10.2tTSh4.0tTSh931.1b9.6x11x2.6x
Wed, 14 Dec 2022TSh10.1tTSh4.0tTSh923.1b10.6x10.9x2.5x
Price to Earnings Ratio

10.9x


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 pessimistic on the Tanzanian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 7.3x which is lower than its 3-year average PE 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 Market0.61%
Materials1.20%
Telecom0.86%
Consumer Staples0.70%
Financials0.45%
Energy0%0
Industrials-1.25%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.8x.
    • 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
CRDB CRDB BankTSh1.16k0.9%
+TSh26.1b		78.5%PB1.2xFinancials
TBL Tanzania BreweriesTSh8.17k0.9%
+TSh20.2b		-25.0%PE18.5xConsumer Staples
VODA Vodacom TanzaniaTSh585.000.9%
+TSh11.2b		-24.0%PE14.6xTelecom
TPCC Tanzania Portland CementTSh5.98k1.0%
+TSh10.8b		65.2%PE18.5xMaterials
TCC Tanzania CigaretteTSh9.85k0.5%
+TSh5.0b		-42.1%PE7.5xConsumer Staples
See more

Market Insights

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In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
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Latest News

CRDB
TSh1,160.00
CRDB Bank
7D
0.9%
1Y
78.5%

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.
AFRIPRISE
TSh445.00
Afriprise Investment
7D
7.2%
1Y
102.3%
VODA
TSh585.00
Vodacom Tanzania
7D
0.9%
1Y
-24.0%
MKCB
TSh2,150.00
Mkombozi Commercial Bank
7D
7.5%
1Y
283.9%
TPCC
TSh5,980.00
Tanzania Portland Cement
7D
1.0%
1Y
65.2%
SWIS
TSh1,580.00
Swissport Tanzania
7D
-1.3%
1Y
31.7%
DCB
TSh235.00
DCB Commercial Bank
7D
-6.0%
1Y
74.1%
MCB
TSh450.00
Mwalimu Commercial Bank
7D
-10.0%
1Y
45.2%
TCC
TSh9,850.00
Tanzania Cigarette
7D
0.5%
1Y
-42.1%
TOL
TSh920.00
TOL Gases
7D
5.1%
1Y
41.5%
TBL
TSh8,170.00
Tanzania Breweries
7D
0.9%
1Y
-25.0%
PAL
TSh245.00
Precision Air Services
7D
-2.0%
1Y
-38.8%
TTP
TSh390.00
Tatepa
7D
-20.4%
1Y
n/a
TCCL
TSh2,360.00
Tanga Cement
7D
-0.4%
1Y
25.5%