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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies18
  • 7D4.2%
  • 3M2.5%
  • 1Y16.5%
  • YTD16.3%

Over the last 7 days, the market has risen 4.2%, driven by gains in every sector, especially the Financials sector. As for the past 12 months, the market is up 17%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 20 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 7.6x 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 Market4.19%
Industrials16.46%
Financials6.46%
Telecom1.71%
Consumer Staples1.14%
Materials0.50%
Energy0%0
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 18.6x.
    • 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 4.2x.
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 BankTSh1.32k13.8%
+TSh417.9b		103.1%PB1.4xFinancials
TBL Tanzania BreweriesTSh8.27k1.2%
+TSh28.9b		-24.1%PE18.7xConsumer Staples
DSE Dar es Salaam Stock ExchangeTSh7.01k19.4%
+TSh27.2b		189.7%PE28.8xFinancials
NMB NMB BankTSh8.08k0.6%
+TSh25.0b		49.6%PB1.4xFinancials
VODA Vodacom TanzaniaTSh595.001.7%
+TSh22.4b		-22.7%PE14.8xTelecom
See more

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103.1%

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.
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TSh9,950.00
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7D
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TSh800.00
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TSh8,270.00
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1.2%
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PAL
TSh220.00
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TTP
TSh350.00
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TCCL
TSh2,120.00
Tanga Cement
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