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South African (JSE) Apparel Retail Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies6
  • 7D-4.8%
  • 3M-11.1%
  • 1Y-20.9%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 4.8%, driven by Pepkor Holdings declining 5.7%. In contrast, Rex Trueform Group has gained 8.3%. The industry has fallen 21% in the last year. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the South African Apparel Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R199.2bR212.1bR12.3b11.2x16.2x0.9x
Mon, 25 Aug 2025R211.1bR211.8bR13.2b13.2x16x1x
Wed, 23 Jul 2025R222.6bR211.8bR13.2b14.1x16.9x1.1x
Fri, 20 Jun 2025R222.2bR212.0bR13.2b13.8x16.8x1x
Sun, 18 May 2025R237.2bR201.6bR12.4b17x19.1x1.2x
Tue, 15 Apr 2025R219.2bR201.6bR12.4b15.2x17.7x1.1x
Thu, 13 Mar 2025R220.5bR201.6bR12.4b15.9x17.8x1.1x
Sat, 08 Feb 2025R244.7bR201.3bR12.6b17.5x19.5x1.2x
Mon, 06 Jan 2025R274.1bR201.3bR12.6b20.4x21.8x1.4x
Wed, 04 Dec 2024R272.4bR201.3bR12.6b20.9x21.7x1.4x
Fri, 01 Nov 2024R244.0bR207.0bR8.8b16.7x27.7x1.2x
Sun, 29 Sep 2024R251.1bR207.0bR8.8b16.9x28.5x1.2x
Tue, 27 Aug 2024R228.4bR207.2bR8.4b11.1x27.3x1.1x
Thu, 25 Jul 2024R204.6bR207.2bR8.4b10x24.4x1x
Sat, 22 Jun 2024R205.7bR207.4bR8.4b10.6x24.6x1x
Mon, 20 May 2024R182.2bR200.6bR7.9b8.9x23x0.9x
Wed, 17 Apr 2024R165.2bR200.6bR7.9b7.8x20.8x0.8x
Fri, 15 Mar 2024R182.7bR200.6bR8.0b9.1x22.9x0.9x
Sun, 11 Feb 2024R179.6bR199.7bR7.9b8.8x22.8x0.9x
Tue, 09 Jan 2024R168.2bR199.7bR7.9b8x21.3x0.8x
Thu, 07 Dec 2023R175.0bR199.7bR7.9b8.6x22.2x0.9x
Sat, 04 Nov 2023R170.6bR189.0bR15.3b10.4x11.1x0.9x
Mon, 02 Oct 2023R159.6bR188.9bR15.3b9.6x10.4x0.8x
Wed, 30 Aug 2023R157.6bR188.1bR15.2b9.5x10.4x0.8x
Fri, 28 Jul 2023R159.9bR188.1bR15.2b9.6x10.5x0.8x
Sun, 25 Jun 2023R141.8bR188.1bR15.2b7.9x9.3x0.8x
Tue, 23 May 2023R136.4bR178.4bR16.3b7x8.4x0.8x
Thu, 20 Apr 2023R152.0bR178.4bR16.3b7.7x9.3x0.9x
Sat, 18 Mar 2023R145.6bR178.2bR16.2b7.5x9x0.8x
Mon, 13 Feb 2023R169.0bR177.0bR16.1b8.9x10.5x1x
Wed, 11 Jan 2023R176.3bR177.0bR16.1b8.8x10.9x1x
Fri, 09 Dec 2022R174.4bR177.0bR16.1b8.4x10.8x1x
Sun, 06 Nov 2022R190.9bR169.0bR15.0b9.9x12.7x1.1x
Tue, 04 Oct 2022R178.0bR168.9bR15.0b10.7x11.9x1.1x
Price to Earnings Ratio

11.9x


Total Market Cap: R178.0bTotal Earnings: R15.0bTotal Revenue: R168.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17x202320242025
Current Industry PE
  • Investors are relatively neutral on the South African Apparel Retail industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have declined 6.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does South African Apparel Retail compare with similar industries?

ZA Market0.17%
Consumer Discretionary-1.35%
Specialty Stores-4.24%
Apparel Retail-4.76%
Home Furnishing Retail0.33%
Home Improvement Retail-2.93%
Automotive Retail-3.20%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RTN Rex Trueform GroupR13.008.3%
+R23.5m		12.4%PE11x

Latest News

RTN
R13.00
Rex Trueform Group
7D
8.3%
1Y
12.4%
TRU
R55.30
Truworths International
7D
-5.0%
1Y
-50.3%

Cape Town Center And New Formats Will Transform African Retail

Despite an increase in expected revenue growth to 5.1% and a lower future P/E of 17.36x indicating stronger earnings outlook or improved valuation, the consensus analyst price target for Truworths International has been reduced from ZAR77.94 to ZAR72.94. What's in the News Truworths International expects earnings per share of 712 to 754 cents and headline earnings per share of 728 to 761 cents for the 52-week period ended June 29, 2025.
TFG
R110.23
Foschini Group
7D
-2.5%
1Y
-30.2%
MRP
R205.00
Mr Price Group
7D
-4.5%
1Y
-23.7%
PPH
R24.32
Pepkor Holdings
7D
-5.7%
1Y
0.3%