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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies18
  • 7D6.4%
  • 3M19.4%
  • 1Y35.0%
  • YTD6.4%

The market is up 6.4% in the last 7 days, led by the Financials and all sectors gaining ground. As for the past 12 months, the market is up 35%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026TSh16.1tTSh7.4tTSh1.8t18x8.8x2.2x
Tue, 09 Dec 2025TSh13.4tTSh7.4tTSh1.8t12.3x7.3x1.8x
Thu, 06 Nov 2025TSh13.2tTSh7.3tTSh1.8t15.5x7.2x1.8x
Sat, 04 Oct 2025TSh13.2tTSh7.1tTSh1.8t16x7.5x1.9x
Mon, 01 Sep 2025TSh14.0tTSh7.1tTSh1.7t15.6x8.2x2x
Wed, 30 Jul 2025TSh13.3tTSh7.0tTSh1.7t14.4x7.9x1.9x
Fri, 27 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.7x7.7x1.9x
Sun, 25 May 2025TSh13.0tTSh6.7tTSh1.6t10.3x8x1.9x
Tue, 22 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Thu, 20 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Sat, 15 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.7x7.7x1.9x
Mon, 13 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.8x7.7x1.9x
Wed, 11 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.4x7.7x1.9x
Fri, 08 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Sun, 06 Oct 2024TSh12.0tTSh6.2tTSh1.5t10.4x7.8x2x
Tue, 03 Sep 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Thu, 01 Aug 2024TSh11.9tTSh6.1tTSh1.5t7.8x7.9x2x
Sat, 29 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8.1x2x
Mon, 27 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Wed, 24 Apr 2024TSh11.5tTSh5.6tTSh1.4t7.3x8.5x2x
Fri, 22 Mar 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.4x2x
Sun, 18 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.6x8.4x2x
Tue, 16 Jan 2024TSh11.2tTSh5.4tTSh1.3t7x8.8x2.1x
Thu, 14 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.7x2x
Sat, 11 Nov 2023TSh11.3tTSh5.4tTSh1.3t8x8.8x2.1x
Mon, 09 Oct 2023TSh11.3tTSh5.3tTSh1.2t7.4x9.1x2.1x
Wed, 06 Sep 2023TSh11.2tTSh5.3tTSh1.2t9.4x9x2.1x
Fri, 04 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Sun, 02 Jul 2023TSh10.7tTSh4.2tTSh1.0t9.5x10.7x2.6x
Tue, 30 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Thu, 27 Apr 2023TSh10.9tTSh4.9tTSh1.1t9.2x9.8x2.2x
Sat, 25 Mar 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Mon, 20 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Wed, 18 Jan 2023TSh10.2tTSh4.0tTSh931.1b9.6x10.9x2.6x
Price to Earnings Ratio

10.9x


Total Market Cap: TSh10.2tTotal Earnings: TSh931.1bTotal Revenue: TSh4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Tanzanian Market Price to Earnings3Y Average 8.4x202420252026
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 8.4x.
Past Earnings Growth
  • The earnings for Tanzanian listed companies have grown 25% 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 Market6.36%
Industrials15.88%
Telecom11.03%
Financials6.54%
Consumer Staples5.73%
Materials0.031%
Energy0%0
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 13.2x.
    • 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 4.3x.
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 BankTSh1.63k5.8%
+TSh235.1b		147.0%PB1.7xFinancials
NMB NMB BankTSh9.05k5.4%
+TSh230.0b		69.2%PB1.6xFinancials
VODA Vodacom TanzaniaTSh755.0011.0%
+TSh168.0b		-1.9%PE18.8xTelecom
TBL Tanzania BreweriesTSh9.00k5.8%
+TSh141.7b		-17.4%PE19.9xConsumer Staples
TCC Tanzania CigaretteTSh10.78k5.7%
+TSh58.0b		-36.6%PE8.2xConsumer Staples
See more

Market Insights

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Latest News

CRDB
TSh1,630.00
CRDB Bank
7D
5.8%
1Y
147.0%

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
TSh480.00
Afriprise Investment
7D
-4.0%
1Y
123.3%
NICO
TSh2,750.00
National Investment
7D
45.5%
1Y
323.1%
VODA
TSh755.00
Vodacom Tanzania
7D
11.0%
1Y
-1.9%
MKCB
TSh4,890.00
Mkombozi Commercial Bank
7D
60.9%
1Y
805.6%
NMB
TSh9,050.00
NMB Bank
7D
5.4%
1Y
69.2%
SWIS
TSh2,700.00
Swissport Tanzania
7D
15.9%
1Y
170.0%
TCC
TSh10,780.00
Tanzania Cigarette
7D
5.7%
1Y
-36.6%
TOL
TSh995.00
TOL Gases
7D
-2.5%
1Y
48.5%
TBL
TSh9,000.00
Tanzania Breweries
7D
5.8%
1Y
-17.4%
MUCOBA
TSh405.00
Mucoba Bank
7D
-1.2%
1Y
1.3%