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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies17
  • 7D3.4%
  • 3M47.7%
  • 1Y59.8%
  • YTD29.6%

In the last week, the market has been flat, with a notable exception in the Industrials sector dropping 15%. As for the longer term, the market has risen 56% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026TSh19.6tTSh7.4tTSh1.9t20.1x10.5x2.6x
Sat, 03 Jan 2026TSh15.1tTSh7.4tTSh1.8t15.9x8.2x2x
Mon, 01 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.1x7.2x1.8x
Wed, 29 Oct 2025TSh13.3tTSh7.1tTSh1.8t15.8x7.5x1.9x
Fri, 26 Sep 2025TSh13.3tTSh7.1tTSh1.8t15.5x7.6x1.9x
Sun, 24 Aug 2025TSh13.9tTSh7.1tTSh1.7t15.4x8.1x2x
Tue, 22 Jul 2025TSh13.3tTSh6.7tTSh1.6t13x8.3x2x
Thu, 19 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.6x7.7x1.9x
Sat, 17 May 2025TSh13.1tTSh6.6tTSh1.6t11x8x2x
Mon, 14 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Wed, 12 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Fri, 07 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Sun, 05 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Tue, 03 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.5x7.7x1.9x
Thu, 31 Oct 2024TSh12.1tTSh6.2tTSh1.6t10.6x7.7x1.9x
Sat, 28 Sep 2024TSh12.0tTSh6.2tTSh1.5t10.5x7.9x2x
Mon, 26 Aug 2024TSh12.1tTSh6.1tTSh1.5t8.4x8x2x
Wed, 24 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.7x8.4x2x
Fri, 21 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Sun, 19 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8x2x
Tue, 16 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.7x8.5x2.1x
Thu, 14 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Sat, 10 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.3x2x
Mon, 08 Jan 2024TSh11.2tTSh5.4tTSh1.3t7x8.8x2.1x
Wed, 06 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Fri, 03 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Sun, 01 Oct 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Tue, 29 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Thu, 27 Jul 2023TSh10.7tTSh5.0tTSh1.1t8.8x9.4x2.1x
Sat, 24 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Mon, 22 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Wed, 19 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Fri, 17 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sun, 12 Feb 2023TSh10.5tTSh4.9tTSh1.1t9x9.5x2.2x
Price to Earnings Ratio

9.5x


Total Market Cap: TSh10.5tTotal 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 10.3x which is higher than its 3-year average PE of 8.4x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 19% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market3.40%
Financials6.24%
Consumer Staples3.98%
Energy0%0
Materials-0.75%
Telecom-10.00%
Industrials-12.66%
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 34.0x.
    • 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 4.4x.
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 BankTSh11.11k9.5%
+TSh480.0b		91.6%PB1.8xFinancials
CRDB CRDB BankTSh2.32k5.5%
+TSh313.4b		231.4%PB2.4xFinancials
TBL Tanzania BreweriesTSh9.86k3.4%
+TSh92.5b		-9.5%PE21.8xConsumer Staples
TCC Tanzania CigaretteTSh12.36k5.6%
+TSh65.0b		-27.3%PE9.4xConsumer Staples
NICO National InvestmentTSh3.17k5.7%
+TSh10.5b		419.7%PE21.6xFinancials
See more

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Latest News

CRDB
TSh2,320.00
CRDB Bank
7D
5.5%
1Y
231.4%

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.
NICO
TSh3,170.00
National Investment
7D
5.7%
1Y
419.7%
VODA
TSh855.00
Vodacom Tanzania
7D
-10.0%
1Y
11.0%
MKCB
TSh3,600.00
Mkombozi Commercial Bank
7D
-8.9%
1Y
566.7%
MBP
TSh1,250.00
Maendeleo Bank
7D
-47.3%
1Y
303.2%
NMB
TSh11,110.00
NMB Bank
7D
9.5%
1Y
91.6%
SWIS
TSh2,690.00
Swissport Tanzania
7D
-12.7%
1Y
169.0%
DCB
TSh320.00
DCB Commercial Bank
7D
-25.6%
1Y
128.6%
MCB
TSh570.00
Mwalimu Commercial Bank
7D
-34.9%
1Y
83.9%
TCC
TSh12,360.00
Tanzania Cigarette
7D
5.6%
1Y
-27.3%
TBL
TSh9,860.00
Tanzania Breweries
7D
3.4%
1Y
-9.5%
PAL
TSh320.00
Precision Air Services
7D
-12.3%
1Y
-20.0%
MUCOBA
TSh700.00
Mucoba Bank
7D
27.3%
1Y
75.0%
TCCL
TSh3,150.00
Tanga Cement
7D
-3.4%
1Y
65.8%