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South African (JSE) General Merchandise and Department Stores Industry Analysis

UpdatedMar 04, 2026
DataAggregated Company Financials
Companies2
  • 7D-6.5%
  • 3M-18.5%
  • 1Y-7.4%
  • YTD-23.2%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 3.0%, driven by a pullback from Naspers of 5.4%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 1.3% per annum.

Industry Valuation and Performance

Has the South African General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026R693.3bR209.5bR97.5b12.9x7.1x3.3x
Sat, 31 Jan 2026R812.3bR205.5bR94.6b14.2x8.6x4x
Mon, 29 Dec 2025R914.9bR210.5bR98.2b14.7x9.3x4.3x
Wed, 26 Nov 2025R929.4bR215.0bR101.6b14.8x9.2x4.3x
Fri, 24 Oct 2025R999.4bR204.0bR95.5b15x10.5x4.9x
Sun, 21 Sep 2025R997.4bR204.0bR95.5b15.1x10.4x4.9x
Tue, 19 Aug 2025R955.7bR205.2bR97.7b12.4x9.8x4.7x
Thu, 17 Jul 2025R909.3bR206.6bR98.7b11.9x9.2x4.4x
Sat, 14 Jun 2025R874.3bR201.6bR65.1b14.5x13.4x4.3x
Mon, 12 May 2025R868.7bR203.8bR66.2b15.1x13.1x4.3x
Wed, 09 Apr 2025R750.1bR214.0bR71.4b12.9x10.5x3.5x
Fri, 07 Mar 2025R859.8bR203.2bR65.9b14.7x13x4.2x
Sun, 02 Feb 2025R708.6bR204.8bR67.4b15.2x10.5x3.5x
Tue, 31 Dec 2024R735.4bR205.8bR67.9b16x10.8x3.6x
Thu, 28 Nov 2024R719.3bR193.6bR59.5b16.8x12.1x3.7x
Sat, 26 Oct 2024R755.0bR190.2bR57.8b17.4x13.1x4x
Mon, 23 Sep 2024R692.5bR188.8bR57.2b17.4x12.1x3.7x
Wed, 21 Aug 2024R683.6bR188.7bR59.4b13.6x11.5x3.6x
Fri, 19 Jul 2024R663.9bR191.6bR60.8b12.6x10.9x3.5x
Sun, 16 Jun 2024R707.4bR203.3bR84.2b11.4x8.4x3.5x
Tue, 14 May 2024R735.0bR203.1bR84.1b11.8x8.7x3.6x
Thu, 11 Apr 2024R654.0bR206.0bR85.9b11.1x7.6x3.2x
Sat, 09 Mar 2024R589.8bR205.8bR85.7b11.1x6.9x2.9x
Mon, 05 Feb 2024R651.1bR205.1bR86.7b11.6x7.5x3.2x
Wed, 03 Jan 2024R620.3bR202.6bR85.1b11.8x7.3x3.1x
Fri, 01 Dec 2023R697.7bR204.9bR86.6b11.7x8.1x3.4x
Sun, 29 Oct 2023R595.9bR199.9bR75.2b11.5x7.9x3x
Tue, 26 Sep 2023R549.3bR199.3bR74.9b11.5x7.3x2.8x
Thu, 24 Aug 2023R665.3bR209.2bR74.3b12.3x9x3.2x
Sat, 22 Jul 2023R683.8bR205.7bR72.3b12.7x9.5x3.3x
Mon, 19 Jun 2023R694.3bR236.9bR43.3b15.6x16x2.9x
Wed, 17 May 2023R721.4bR244.3bR45.2b14.6x16x3x
Fri, 14 Apr 2023R701.1bR235.9bR43.1b15.3x16.3x3x
Sun, 12 Mar 2023R63.6bR80.1bR3.7b17.1x17.1x0.8x
Price to Earnings Ratio

17.1x


Total Market Cap: R63.6bTotal Earnings: R3.7bTotal Revenue: R80.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African General Merchandise and Department Stores Industry Price to Earnings3Y Average 10.6x202420252026
Current Industry PE
    There are only 2 companies in the South African Multiline Retail industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 194% per year over the last three years.
  • Revenues for these companies have grown 37% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Consumer Discretionary industry?

ZA Market-4.17%
Consumer Discretionary-5.62%
General Merchandise and Department Stores-6.48%
Department Stores0%0
Broadline Retail-6.48%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 10.5x.
    • Analysts are expecting annual earnings growth of 1.3%, which is lower than the prior year's growth of 29.8% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 1.3% over the next 5 years.
  • In contrast, the Broadline Retail industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

WHL
R52.00
Woolworths Holdings
7D
-3.2%
1Y
-2.5%

WHL: Interim Earnings Guidance Will Support Confidence In Future Upside Potential

Analysts have kept their ZAR price target for Woolworths Holdings broadly in line with prior views, as only minor model adjustments around the discount rate, revenue growth, profit margin and assumed future P/E have been made rather than a fundamental change in outlook. What's in the News Woolworths Holdings issued earnings guidance for the 26 weeks ended 28 December 2025, giving investors an early view of expected interim performance (Key Developments).
NPN
R869.48
Naspers
7D
-4.3%
1Y
-7.0%

NPN: Lower Discount Rate Will Support A More Optimistic Future P/E

Analysts have slightly trimmed their Naspers fair value estimate from ZAR1,768.46 to ZAR1,752.32 as tweaks to discount rate, growth and margin assumptions feed through to a modestly higher future P/E outlook. Valuation Changes Fair Value: Updated to ZAR1,752.32 from ZAR1,768.46, representing a small reduction in the estimate.