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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies18
  • 7D3.3%
  • 3M23.1%
  • 1Y37.3%
  • YTD8.2%

Over the last 7 days, the market has risen 3.3%, driven by gains of 15% in the Communication Services sector. The market is up 37% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026TSh16.3tTSh7.4tTSh1.8t19.5x8.9x2.2x
Sat, 13 Dec 2025TSh13.9tTSh7.4tTSh1.8t13.3x7.6x1.9x
Mon, 10 Nov 2025TSh13.2tTSh7.3tTSh1.8t14.5x7.2x1.8x
Wed, 08 Oct 2025TSh13.2tTSh7.1tTSh1.8t16x7.5x1.9x
Fri, 05 Sep 2025TSh14.0tTSh7.1tTSh1.7t15.8x8.1x2x
Sun, 03 Aug 2025TSh13.7tTSh7.0tTSh1.7t14.8x8.1x2x
Tue, 01 Jul 2025TSh12.7tTSh6.7tTSh1.6t12.7x7.8x1.9x
Thu, 29 May 2025TSh12.9tTSh6.7tTSh1.6t10.1x7.9x1.9x
Sat, 26 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Mon, 24 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Wed, 19 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.5x7.7x1.9x
Fri, 17 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.8x7.7x1.9x
Sun, 15 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Tue, 12 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.5x1.9x
Thu, 10 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.9x2x
Sat, 07 Sep 2024TSh12.2tTSh6.1tTSh1.5t9.9x8x2x
Mon, 05 Aug 2024TSh12.0tTSh6.1tTSh1.5t9.4x7.9x1.9x
Wed, 03 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.1x8.2x2x
Fri, 31 May 2024TSh11.7tTSh5.8tTSh1.4t7.7x8.2x2x
Sun, 28 Apr 2024TSh11.6tTSh5.6tTSh1.4t7.3x8.5x2.1x
Tue, 26 Mar 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.4x2.1x
Thu, 22 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.7x8.4x2x
Sat, 20 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.7x8.7x2.1x
Mon, 18 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Wed, 15 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Fri, 13 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Sun, 10 Sep 2023TSh11.2tTSh5.3tTSh1.2t9.4x9x2.1x
Tue, 08 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Thu, 06 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.9x9.4x2.1x
Sat, 03 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.6x9.5x2.2x
Mon, 01 May 2023TSh10.9tTSh4.9tTSh1.1t8.7x9.8x2.2x
Wed, 29 Mar 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Fri, 24 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sun, 22 Jan 2023TSh10.2tTSh4.0tTSh930.0b9.6x10.9x2.5x
Price to Earnings Ratio

10.9x


Total Market Cap: TSh10.2tTotal Earnings: TSh930.0bTotal Revenue: TSh4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.4x202420252026
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 8.4x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 25% 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 Market3.29%
Industrials24.51%
Telecom14.89%
Consumer Staples4.82%
Financials0.97%
Energy0%0
Materials0%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 35.2x.
    • 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
VODA Vodacom TanzaniaTSh810.0014.9%
+TSh235.2b		5.2%PE20.2xTelecom
TBL Tanzania BreweriesTSh9.26k5.9%
+TSh150.4b		-15.0%PE20.5xConsumer Staples
NICO National InvestmentTSh3.03k26.3%
+TSh38.8b		373.4%PE20.6xFinancials
MKCB Mkombozi Commercial BankTSh5.39k34.8%
+TSh32.7b		898.1%PB2.6xFinancials
SWIS Swissport TanzaniaTSh3.15k24.5%
+TSh22.3b		215.0%PE20.1xIndustrials
See more

Market Insights

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Latest News

AFRIPRISE
TSh480.00
Afriprise Investment
7D
-1.0%
1Y
118.2%
NICO
TSh3,030.00
National Investment
7D
26.3%
1Y
373.4%
VODA
TSh810.00
Vodacom Tanzania
7D
14.9%
1Y
5.2%
MKCB
TSh5,390.00
Mkombozi Commercial Bank
7D
34.8%
1Y
898.1%
MBP
TSh1,520.00
Maendeleo Bank
7D
52.8%
1Y
390.3%
SWIS
TSh3,150.00
Swissport Tanzania
7D
24.5%
1Y
215.0%
TCC
TSh10,820.00
Tanzania Cigarette
7D
2.1%
1Y
-36.4%
TBL
TSh9,260.00
Tanzania Breweries
7D
5.9%
1Y
-15.0%
PAL
TSh255.00
Precision Air Services
7D
-13.6%
1Y
-36.3%
TCCL
TSh2,810.00
Tanga Cement
7D
8.1%
1Y
56.1%