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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies16
  • 7D3.9%
  • 3M41.3%
  • 1Y80.9%
  • YTD51.7%

The market is up 3.9% over the last week, with the Financials sector leading the way, up 4.9%. In contrast, the Industrials sector is lagging, dropping 5.7%. As for the past 12 months, the market is up 81%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026TSh22.9tTSh7.5tTSh1.9t22.1x12x3x
Thu, 12 Mar 2026TSh22.9tTSh7.6tTSh1.9t21x12x3x
Sat, 07 Feb 2026TSh20.4tTSh7.6tTSh1.9t20.7x10.7x2.7x
Mon, 05 Jan 2026TSh15.1tTSh7.4tTSh1.8t15.9x8.3x2x
Wed, 03 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.3x7.3x1.8x
Fri, 31 Oct 2025TSh13.3tTSh7.1tTSh1.8t15.8x7.5x1.9x
Sun, 28 Sep 2025TSh13.3tTSh7.1tTSh1.8t15.6x7.6x1.9x
Tue, 26 Aug 2025TSh13.7tTSh7.1tTSh1.7t15.3x8x1.9x
Thu, 24 Jul 2025TSh13.3tTSh6.7tTSh1.6t13.1x8.2x2x
Sat, 21 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.7x7.7x1.9x
Mon, 19 May 2025TSh13.1tTSh6.6tTSh1.6t11x8x2x
Wed, 16 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.5x7.9x1.9x
Fri, 14 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sun, 09 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Tue, 07 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Thu, 05 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.4x7.7x1.9x
Sat, 02 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Mon, 30 Sep 2024TSh12.0tTSh6.2tTSh1.5t10.5x7.9x2x
Wed, 28 Aug 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Fri, 26 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.7x8.2x2x
Sun, 23 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Tue, 21 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8x2x
Thu, 18 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.5x2x
Sat, 16 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Mon, 12 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.3x2x
Wed, 10 Jan 2024TSh11.3tTSh5.4tTSh1.3t6.9x8.8x2.1x
Fri, 08 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Sun, 05 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Tue, 03 Oct 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Thu, 31 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.1x9x2.1x
Sat, 29 Jul 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.4x2.1x
Mon, 26 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.5x2.2x
Wed, 24 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Fri, 21 Apr 2023TSh10.9tTSh4.9tTSh1.1t8.4x9.8x2.2x
Price to Earnings Ratio

9.8x


Total Market Cap: TSh10.9tTotal 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 12.0x 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 Market3.89%
Financials4.87%
Telecom2.60%
Consumer Staples1.89%
Materials1.50%
Energy0%0
Industrials-5.71%
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 31.2x.
    • 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 4.7x.
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 BankTSh2.94k11.4%
+TSh783.6b		272.2%PB2.8xFinancials
TBL Tanzania BreweriesTSh10.01k3.2%
+TSh89.6b		-8.2%PE22.1xConsumer Staples
VODA Vodacom TanzaniaTSh790.002.6%
+TSh44.8b		2.6%PE24.6xTelecom
TPCC Tanzania Portland CementTSh7.38k1.4%
+TSh18.0b		81.8%PE22.8xMaterials
PAL Precision Air ServicesTSh540.0018.7%
+TSh13.6b		35.0%PS0.5xIndustrials
See more

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Latest News

CRDB
TSh2,940.00
CRDB Bank
7D
11.4%
1Y
272.2%

CRDB Bank's Earnings expected to grow 24.55% C.A.G.R to 2030

CRDB's Net Operating Income is projected to grow 21.96% YoY between 2026 - 2030, driven by strong credit appetite from Tanzania and Burundi, and exponential revenue growth from newly issued subsidiaries CRDB Insurance and CRDB Congo, as well as robust non-funded income growth from its digital platforms as usage continues to surge, and diversification towards other financial services solidifies. A positive jaws between gross income and operating expense growth expected to hold during the projected period as subsidiaries become more profitable and staff productivity continues to surge resulting in a projected earnings growth of 24.55% C.A.G.R between 2026 - 2030.
NICO
TSh3,990.00
National Investment
7D
2.3%
1Y
454.2%
VODA
TSh790.00
Vodacom Tanzania
7D
2.6%
1Y
2.6%
MKCB
TSh4,960.00
Mkombozi Commercial Bank
7D
9.5%
1Y
818.5%
DSE
TSh6,730.00
Dar es Salaam Stock Exchange
7D
4.2%
1Y
192.6%
NMB
TSh13,800.00
NMB Bank
7D
-1.4%
1Y
130.0%
TPCC
TSh7,380.00
Tanzania Portland Cement
7D
1.4%
1Y
81.8%
SWIS
TSh2,640.00
Swissport Tanzania
7D
-5.7%
1Y
120.0%
TCC
TSh12,400.00
Tanzania Cigarette
7D
-1.0%
1Y
-27.1%
TBL
TSh10,010.00
Tanzania Breweries
7D
3.2%
1Y
-8.2%
PAL
TSh540.00
Precision Air Services
7D
18.7%
1Y
35.0%
TTP
TSh620.00
Tatepa
7D
-4.6%
1Y
416.7%