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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.1%
  • 3M55.4%
  • 1Y78.3%
  • YTD49.0%

The Materials sector gained 4.5% while the market remained flat over the last week. As for the longer term, the market has risen 78% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026TSh22.5tTSh7.5tTSh1.9t21x11.8x3x
Tue, 24 Feb 2026TSh23.2tTSh7.6tTSh1.9t22.1x12.1x3.1x
Thu, 22 Jan 2026TSh18.1tTSh7.4tTSh1.8t21.1x9.9x2.4x
Sat, 20 Dec 2025TSh14.2tTSh7.4tTSh1.8t13.9x7.7x1.9x
Mon, 17 Nov 2025TSh13.2tTSh7.3tTSh1.8t12.4x7.2x1.8x
Wed, 15 Oct 2025TSh13.5tTSh7.1tTSh1.8t16x7.6x1.9x
Fri, 12 Sep 2025TSh13.7tTSh7.1tTSh1.7t15.8x8x1.9x
Sun, 10 Aug 2025TSh14.1tTSh7.1tTSh1.7t15.6x8.2x2x
Tue, 08 Jul 2025TSh12.8tTSh6.7tTSh1.6t12.9x8x1.9x
Thu, 05 Jun 2025TSh13.0tTSh6.7tTSh1.6t9.9x8x1.9x
Sat, 03 May 2025TSh12.9tTSh6.6tTSh1.6t8.9x7.9x2x
Mon, 31 Mar 2025TSh12.7tTSh6.6tTSh1.6t9.9x7.9x1.9x
Wed, 26 Feb 2025TSh12.5tTSh6.6tTSh1.6t9.7x7.8x1.9x
Fri, 24 Jan 2025TSh12.2tTSh6.4tTSh1.6t10.1x7.8x1.9x
Sun, 22 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.2x7.6x1.9x
Tue, 19 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.6x7.5x1.9x
Thu, 17 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.9x7.9x2x
Sat, 14 Sep 2024TSh12.1tTSh6.2tTSh1.5t10x7.9x2x
Mon, 12 Aug 2024TSh12.0tTSh6.1tTSh1.5t9.1x7.9x2x
Wed, 10 Jul 2024TSh11.8tTSh5.8tTSh1.4t7.1x8.2x2x
Fri, 07 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8.1x2x
Sun, 05 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8.1x2x
Tue, 02 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.7x8.6x2.1x
Thu, 29 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Sat, 27 Jan 2024TSh11.2tTSh5.4tTSh1.3t6.8x8.7x2.1x
Mon, 25 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Wed, 22 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Fri, 20 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Sun, 17 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Tue, 15 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Thu, 13 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.8x9.4x2.1x
Sat, 10 Jun 2023TSh10.7tTSh5.0tTSh1.1t8.2x9.4x2.2x
Mon, 08 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Wed, 05 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.6x2.2x
Price to Earnings Ratio

9.6x


Total Market Cap: TSh10.8tTotal Earnings: TSh1.1tTotal Revenue: TSh4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.5x202420252026
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 11.8x which is higher than its 3-year average PE of 8.5x.
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-0.095%
Materials4.47%
Consumer Staples0.63%
Energy0%0
Financials-0.52%
Telecom-1.24%
Industrials-3.47%
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 31.9x.
    • 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 4.6x.
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
TPCC Tanzania Portland CementTSh7.53k4.7%
+TSh61.2b		87.3%PE23.2xMaterials
TCC Tanzania CigaretteTSh12.00k1.9%
+TSh22.0b		-29.4%PE9.1xConsumer Staples
TBL Tanzania BreweriesTSh9.51k0.1%
+TSh2.9b		-12.8%PE21xConsumer Staples
PAL Precision Air ServicesTSh540.002.9%
+TSh2.4b		35.0%PS0.5xIndustrials
NICO National InvestmentTSh3.75k0.5%
+TSh1.2b		413.7%PE20.2xFinancials
See more

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Latest News

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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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