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Tanzanian (DSEI) Market Analysis & Valuation

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies16
  • 7D9.7%
  • 3M55.2%
  • 1Y67.5%
  • YTD36.5%

The market is up 9.7% over the last week, with the Financials sector leading the way, up 14%. Meanwhile, the Communication Services sector has underperformed, shrinking 5.3% in that time. In the last year, the market has climbed 68%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026TSh20.6tTSh7.6tTSh1.9t20.9x10.8x2.7x
Thu, 08 Jan 2026TSh15.8tTSh7.4tTSh1.8t16.3x8.6x2.1x
Sat, 06 Dec 2025TSh13.3tTSh7.4tTSh1.8t12.3x7.3x1.8x
Mon, 03 Nov 2025TSh13.3tTSh7.3tTSh1.8t15.8x7.3x1.8x
Wed, 01 Oct 2025TSh13.2tTSh7.1tTSh1.8t15.6x7.5x1.9x
Fri, 29 Aug 2025TSh14.0tTSh7.1tTSh1.7t15.5x8.2x2x
Sun, 27 Jul 2025TSh13.3tTSh6.8tTSh1.6t14.4x8.2x1.9x
Tue, 24 Jun 2025TSh12.5tTSh6.7tTSh1.6t12.7x7.7x1.9x
Thu, 22 May 2025TSh13.0tTSh6.6tTSh1.6t10.3x7.9x2x
Sat, 19 Apr 2025TSh12.8tTSh6.6tTSh1.6t9.8x7.9x1.9x
Mon, 17 Mar 2025TSh12.6tTSh6.6tTSh1.6t9.8x7.8x1.9x
Wed, 12 Feb 2025TSh12.4tTSh6.6tTSh1.6t9.7x7.7x1.9x
Fri, 10 Jan 2025TSh12.0tTSh6.4tTSh1.6t9.8x7.7x1.9x
Sun, 08 Dec 2024TSh12.0tTSh6.4tTSh1.6t10.3x7.7x1.9x
Tue, 05 Nov 2024TSh12.2tTSh6.3tTSh1.6t10.8x7.6x1.9x
Thu, 03 Oct 2024TSh12.1tTSh6.2tTSh1.5t10.5x7.9x2x
Sat, 31 Aug 2024TSh12.2tTSh6.1tTSh1.5t10x8x2x
Mon, 29 Jul 2024TSh11.9tTSh5.9tTSh1.4t7.5x8.3x2x
Wed, 26 Jun 2024TSh11.6tTSh5.9tTSh1.4t7.4x8x2x
Fri, 24 May 2024TSh11.6tTSh5.8tTSh1.4t7.3x8.1x2x
Sun, 21 Apr 2024TSh11.5tTSh5.6tTSh1.4t6.8x8.5x2x
Tue, 19 Mar 2024TSh11.4tTSh5.6tTSh1.4t6.8x8.4x2x
Thu, 15 Feb 2024TSh11.4tTSh5.6tTSh1.4t6.7x8.3x2x
Sat, 13 Jan 2024TSh11.2tTSh5.4tTSh1.3t7x8.8x2.1x
Mon, 11 Dec 2023TSh11.2tTSh5.5tTSh1.3t7.6x8.8x2.1x
Wed, 08 Nov 2023TSh11.3tTSh5.4tTSh1.3t7.6x8.8x2.1x
Fri, 06 Oct 2023TSh11.2tTSh5.3tTSh1.2t7.4x9x2.1x
Sun, 03 Sep 2023TSh11.0tTSh5.2tTSh1.2t9.4x9x2.1x
Tue, 01 Aug 2023TSh10.8tTSh5.1tTSh1.2t8.9x9.1x2.1x
Thu, 29 Jun 2023TSh10.8tTSh5.0tTSh1.1t8.9x9.5x2.2x
Sat, 27 May 2023TSh10.8tTSh5.0tTSh1.1t8.7x9.5x2.2x
Mon, 24 Apr 2023TSh11.0tTSh4.9tTSh1.1t8.4x9.8x2.2x
Wed, 22 Mar 2023TSh10.7tTSh4.9tTSh1.1t8.4x9.6x2.2x
Fri, 17 Feb 2023TSh10.6tTSh4.9tTSh1.1t8.4x9.5x2.2x
Price to Earnings Ratio

9.5x


Total Market Cap: TSh10.6tTotal 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 10.8x which is higher than its 3-year average PE of 8.4x.
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 Market9.73%
Financials14.29%
Consumer Staples6.57%
Industrials1.89%
Materials0.41%
Energy0%0
Telecom-5.26%
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 33.8x.
    • 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
CRDB CRDB BankTSh2.52k14.0%
+TSh809.7b		254.9%PB2.4xFinancials
NMB NMB BankTSh11.78k8.1%
+TSh440.0b		103.1%PB1.9xFinancials
TBL Tanzania BreweriesTSh10.33k6.2%
+TSh173.5b		-5.2%PE22.8xConsumer Staples
TCC Tanzania CigaretteTSh12.87k7.5%
+TSh90.0b		-24.3%PE9.8xConsumer Staples
NICO National InvestmentTSh3.53k20.9%
+TSh37.6b		508.6%PE24xFinancials
See more

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Latest News

CRDB
TSh2,520.00
CRDB Bank
7D
14.0%
1Y
254.9%

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
TSh3,530.00
National Investment
7D
20.9%
1Y
508.6%
VODA
TSh810.00
Vodacom Tanzania
7D
-6.4%
1Y
5.2%
MKCB
TSh4,250.00
Mkombozi Commercial Bank
7D
23.2%
1Y
632.8%
MBP
TSh1,850.00
Maendeleo Bank
7D
27.6%
1Y
496.8%
NMB
TSh11,780.00
NMB Bank
7D
8.1%
1Y
103.1%
SWIS
TSh2,690.00
Swissport Tanzania
7D
-0.4%
1Y
169.0%
DCB
TSh410.00
DCB Commercial Bank
7D
34.4%
1Y
215.4%
TCC
TSh12,870.00
Tanzania Cigarette
7D
7.5%
1Y
-24.3%
TBL
TSh10,330.00
Tanzania Breweries
7D
6.2%
1Y
-5.2%
PAL
TSh340.00
Precision Air Services
7D
-1.4%
1Y
-15.0%
MUCOBA
TSh665.00
Mucoba Bank
7D
-2.2%
1Y
66.3%