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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies16
  • 7D3.2%
  • 3M41.6%
  • 1Y79.7%
  • YTD50.7%

The market is up 1.4% over the last week, with the Financials sector leading the way, up 1.2%. In contrast, the Industrials sector is lagging, dropping 6.1%. As for the past 12 months, the market is up 77%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026TSh22.8tTSh7.5tTSh1.9t22.1x11.9x3x
Mon, 09 Mar 2026TSh22.1tTSh7.6tTSh1.9t21x11.5x2.9x
Wed, 04 Feb 2026TSh19.2tTSh7.4tTSh1.9t19.4x10.3x2.6x
Fri, 02 Jan 2026TSh14.9tTSh7.4tTSh1.8t15.4x8.2x2x
Sun, 30 Nov 2025TSh13.3tTSh7.4tTSh1.8t12.1x7.2x1.8x
Tue, 28 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.8x7.5x1.8x
Thu, 25 Sep 2025TSh13.3tTSh7.1tTSh1.8t15.6x7.6x1.9x
Sat, 23 Aug 2025TSh13.9tTSh7.1tTSh1.7t15.4x8.1x2x
Mon, 21 Jul 2025TSh13.3tTSh6.7tTSh1.6t13.4x8.3x2x
Wed, 18 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.6x7.7x1.9x
Fri, 16 May 2025TSh13.1tTSh6.6tTSh1.6t11x8x2x
Sun, 13 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Tue, 11 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.7x7.8x1.9x
Thu, 06 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.8x7.7x1.9x
Sat, 04 Jan 2025TSh12.0tTSh6.4tTSh1.6t10.2x7.7x1.9x
Mon, 02 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.6x7.7x1.9x
Wed, 30 Oct 2024TSh12.1tTSh6.2tTSh1.6t10.6x7.8x2x
Fri, 27 Sep 2024TSh12.1tTSh6.2tTSh1.5t10.5x7.9x2x
Sun, 25 Aug 2024TSh12.1tTSh6.1tTSh1.5t8.4x8x2x
Tue, 23 Jul 2024TSh12.0tTSh6.2tTSh1.4t7.8x8.4x1.9x
Thu, 20 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Sat, 18 May 2024TSh11.5tTSh5.8tTSh1.4t7.3x8x2x
Mon, 15 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.6x8.5x2.1x
Wed, 13 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.7x8.3x2x
Fri, 09 Feb 2024TSh11.3tTSh5.6tTSh1.4t6.6x8.3x2x
Sun, 07 Jan 2024TSh11.2tTSh5.4tTSh1.3t7x8.8x2.1x
Tue, 05 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.7x8.7x2x
Thu, 02 Nov 2023TSh11.3tTSh5.3tTSh1.3t7.6x9x2.1x
Sat, 30 Sep 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Mon, 28 Aug 2023TSh10.9tTSh5.2tTSh1.2t9.6x9x2.1x
Wed, 26 Jul 2023TSh10.7tTSh5.0tTSh1.1t8.8x9.4x2.1x
Fri, 23 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.1x9.5x2.2x
Sun, 21 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Tue, 18 Apr 2023TSh10.8tTSh4.9tTSh1.1t8.4x9.7x2.2x
Price to Earnings Ratio

9.7x


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 11.7x 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 Market3.18%
Financials3.58%
Telecom3.25%
Consumer Staples2.26%
Materials2.01%
Energy0%0
Industrials-5.36%
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 31.4x.
    • 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 BankTSh2.84k7.6%
+TSh522.4b		259.5%PB2.7xFinancials
TBL Tanzania BreweriesTSh10.00k3.1%
+TSh86.7b		-8.3%PE22.1xConsumer Staples
VODA Vodacom TanzaniaTSh795.003.2%
+TSh56.0b		3.2%PE24.7xTelecom
TPCC Tanzania Portland CementTSh7.40k1.6%
+TSh21.6b		80.5%PE22.8xMaterials
PAL Precision Air ServicesTSh540.0018.7%
+TSh13.6b		35.0%PS0.5xIndustrials
See more

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Latest News

CRDB
TSh2,840.00
CRDB Bank
7D
7.6%
1Y
259.5%

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.
VODA
TSh795.00
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TSh4,980.00
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9.9%
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NMB
TSh13,970.00
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TPCC
TSh7,400.00
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7D
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80.5%
SWIS
TSh2,650.00
Swissport Tanzania
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TOL
TSh975.00
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11.4%
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45.5%
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TSh10,000.00
Tanzania Breweries
7D
3.1%
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PAL
TSh540.00
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18.7%
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TSh2,930.00
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