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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies18
  • 7D2.5%
  • 3M8.9%
  • 1Y22.7%
  • YTD21.4%

Over the last 7 days, the market has risen 2.5%, driven by gains of 2.6% in the Financials sector. The market is up 23% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025TSh14.5tTSh7.4tTSh1.8t14.4x7.9x2x
Sun, 23 Nov 2025TSh13.3tTSh7.3tTSh1.8t12x7.2x1.8x
Tue, 21 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.8x7.5x1.9x
Thu, 18 Sep 2025TSh13.3tTSh7.1tTSh1.7t15.1x7.7x1.9x
Sat, 16 Aug 2025TSh14.9tTSh7.1tTSh1.7t16.3x8.7x2.1x
Mon, 14 Jul 2025TSh13.4tTSh6.7tTSh1.6t12.8x8.3x2x
Wed, 11 Jun 2025TSh12.8tTSh6.7tTSh1.7t11.6x7.7x1.9x
Fri, 09 May 2025TSh13.1tTSh6.6tTSh1.6t10.4x8x2x
Sun, 06 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Tue, 04 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.7x7.8x1.9x
Thu, 30 Jan 2025TSh12.4tTSh6.4tTSh1.6t9.8x7.9x1.9x
Sat, 28 Dec 2024TSh11.9tTSh6.4tTSh1.6t10.3x7.6x1.9x
Mon, 25 Nov 2024TSh12.1tTSh6.3tTSh1.6t10.5x7.5x1.9x
Wed, 23 Oct 2024TSh12.1tTSh6.2tTSh1.5t10.8x7.9x2x
Fri, 20 Sep 2024TSh12.1tTSh6.2tTSh1.5t10.5x7.9x2x
Sun, 18 Aug 2024TSh12.2tTSh6.1tTSh1.5t8.3x8x2x
Tue, 16 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.4x8.3x2x
Thu, 13 Jun 2024TSh11.5tTSh5.9tTSh1.4t7.4x8x2x
Sat, 11 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Mon, 08 Apr 2024TSh11.6tTSh5.6tTSh1.4t6.6x8.5x2.1x
Wed, 06 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Fri, 02 Feb 2024TSh11.2tTSh5.6tTSh1.4t6.8x8.2x2x
Sun, 31 Dec 2023TSh11.2tTSh5.4tTSh1.3t6.9x8.8x2.1x
Tue, 28 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Thu, 26 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.6x9.1x2.1x
Sat, 23 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Mon, 21 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Wed, 19 Jul 2023TSh10.8tTSh5.0tTSh1.1t9.4x9.4x2.1x
Fri, 16 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Sun, 14 May 2023TSh10.8tTSh4.9tTSh1.1t8.8x9.5x2.2x
Tue, 11 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Thu, 09 Mar 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Sat, 04 Feb 2023TSh10.5tTSh4.5tTSh1.0t10x10.2x2.3x
Mon, 02 Jan 2023TSh10.2tTSh4.0tTSh921.9b11.5x11.1x2.6x
Price to Earnings Ratio

11.1x


Total Market Cap: TSh10.2tTotal Earnings: TSh921.9bTotal Revenue: TSh4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.5x20242025
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 8.5x.
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 Market2.47%
Telecom6.61%
Financials2.59%
Consumer Staples1.45%
Energy0%0
Industrials0%0
Materials-0.14%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 16.2x.
    • 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 4.2x.
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 BankTSh1.42k6.8%
+TSh235.1b		115.2%PB1.5xFinancials
VODA Vodacom TanzaniaTSh645.006.6%
+TSh89.6b		-16.2%PE16.1xTelecom
TBL Tanzania BreweriesTSh8.46k1.9%
+TSh46.3b		-22.4%PE18.7xConsumer Staples
AFRIPRISE Afriprise InvestmentTSh485.006.6%
+TSh4.4b		120.5%PE16.3xFinancials
TCC Tanzania CigaretteTSh10.00k0.3%
+TSh3.0b		-41.2%PE7.6xConsumer Staples
See more

Market Insights

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Latest News

CRDB
TSh1,420.00
CRDB Bank
7D
6.8%
1Y
115.2%

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.
AFRIPRISE
TSh485.00
Afriprise Investment
7D
6.6%
1Y
120.5%
VODA
TSh645.00
Vodacom Tanzania
7D
6.6%
1Y
-16.2%
MKCB
TSh2,390.00
Mkombozi Commercial Bank
7D
-0.4%
1Y
342.6%
DSE
TSh6,710.00
Dar es Salaam Stock Exchange
7D
-1.6%
1Y
179.6%
NMB
TSh8,340.00
NMB Bank
7D
-0.6%
1Y
55.9%
TPCC
TSh6,040.00
Tanzania Portland Cement
7D
0.2%
1Y
98.7%
DCB
TSh245.00
DCB Commercial Bank
7D
4.3%
1Y
81.5%
MCB
TSh455.00
Mwalimu Commercial Bank
7D
-3.2%
1Y
46.8%
TCC
TSh10,000.00
Tanzania Cigarette
7D
0.3%
1Y
-41.2%
TOL
TSh1,000.00
TOL Gases
7D
-5.7%
1Y
49.3%
TBL
TSh8,460.00
Tanzania Breweries
7D
1.9%
1Y
-22.4%
PAL
TSh250.00
Precision Air Services
7D
6.4%
1Y
-37.5%
MUCOBA
TSh410.00
Mucoba Bank
7D
-5.7%
1Y
2.5%