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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.7%
  • 3M70.6%
  • 1Y82.6%
  • YTD51.0%

Over the last 7 days, the market has dropped 1.7%, driven by a loss of 1.5% in the Financials sector. In contrast to the last week, the market is actually up 83% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026TSh22.8tTSh7.6tTSh1.9t21x11.9x3x
Sat, 31 Jan 2026TSh18.6tTSh7.4tTSh1.9t19.7x9.9x2.5x
Mon, 29 Dec 2025TSh14.5tTSh7.4tTSh1.8t14.4x7.9x2x
Wed, 26 Nov 2025TSh13.2tTSh7.3tTSh1.8t11.8x7.2x1.8x
Fri, 24 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.8x7.5x1.8x
Sun, 21 Sep 2025TSh13.4tTSh7.1tTSh1.8t15.6x7.6x1.9x
Tue, 19 Aug 2025TSh14.7tTSh7.1tTSh1.7t16.3x8.5x2.1x
Thu, 17 Jul 2025TSh13.4tTSh6.7tTSh1.6t13.1x8.3x2x
Sat, 14 Jun 2025TSh12.6tTSh6.7tTSh1.7t11.5x7.6x1.9x
Mon, 12 May 2025TSh13.0tTSh6.6tTSh1.6t10.4x7.9x2x
Wed, 09 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Fri, 07 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.7x7.8x1.9x
Sun, 02 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Tue, 31 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Thu, 28 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.7x7.7x1.9x
Sat, 26 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.6x7.9x2x
Mon, 23 Sep 2024TSh12.1tTSh6.2tTSh1.5t10.4x7.9x2x
Wed, 21 Aug 2024TSh12.2tTSh6.1tTSh1.5t8.3x8x2x
Fri, 19 Jul 2024TSh12.0tTSh6.2tTSh1.4t7.4x8.4x1.9x
Sun, 16 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Tue, 14 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8x2x
Thu, 11 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.8x8.5x2.1x
Sat, 09 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Mon, 05 Feb 2024TSh11.3tTSh5.6tTSh1.4t7x8.2x2x
Wed, 03 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.9x8.8x2.1x
Fri, 01 Dec 2023TSh11.2tTSh5.4tTSh1.3t7.9x8.7x2.1x
Sun, 29 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Tue, 26 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Thu, 24 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Sat, 22 Jul 2023TSh10.8tTSh5.0tTSh1.1t8.8x9.4x2.1x
Mon, 19 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Wed, 17 May 2023TSh10.8tTSh5.0tTSh1.1t8.8x9.5x2.2x
Fri, 14 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.2x9.7x2.2x
Sun, 12 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Price to Earnings Ratio

9.5x


Total Market Cap: TSh10.6tTotal Earnings: TSh1.1tTotal Revenue: TSh4.9tTotal 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 11.9x which is higher than its 3-year average PE of 8.4x.
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-1.73%
Materials1.98%
Industrials0.75%
Energy0%0
Financials-1.52%
Telecom-2.44%
Consumer Staples-3.39%
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 32.8x.
    • 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 4.5x.
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
NMB NMB BankTSh14.69k1.5%
+TSh105.0b		151.1%PB2.4xFinancials
DCB DCB Commercial BankTSh780.0048.6%
+TSh41.6b		524.0%PB3.7xFinancials
MCB Mwalimu Commercial BankTSh2.15k29.5%
+TSh30.3b		593.5%PB7.9xFinancials
PAL Precision Air ServicesTSh450.0045.2%
+TSh22.5b		12.5%PS0.4xIndustrials
TPCC Tanzania Portland CementTSh6.80k1.5%
+TSh18.0b		70.0%PE21xMaterials
See more

Market Insights

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Three contrarian investing ideas for a new market
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Stella Ong
In many ways, the market is upside down. This new setting might offer some unexpected opportunities for investors.
Continue reading
Alternatives part 2: 2026 and beyond 🔭

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