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South African (JSE) Apparel Retail Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.2%
  • 3M-13.0%
  • 1Y-28.0%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 1.1%, driven by a pullback from Mr Price Group of 1.1%. Overall the industry is down 28% in 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026R163.6bR221.0bR15.1b12.6x10.8x0.7x
Fri, 03 Apr 2026R166.0bR221.0bR15.1b12.8x11x0.8x
Sun, 01 Mar 2026R196.8bR221.1bR15.1b12.7x13x0.9x
Tue, 27 Jan 2026R191.8bR221.0bR15.1b11.7x12.7x0.9x
Thu, 25 Dec 2025R190.0bR221.0bR15.1b11.7x12.6x0.9x
Sat, 22 Nov 2025R198.5bR216.3bR12.1b13.1x16.4x0.9x
Mon, 20 Oct 2025R215.5bR212.1bR12.3b13.9x17.5x1x
Wed, 17 Sep 2025R205.1bR212.1bR12.2b13x16.8x1x
Fri, 15 Aug 2025R209.1bR211.8bR13.2b12.9x15.8x1x
Sun, 13 Jul 2025R225.3bR211.8bR13.2b14.2x17.1x1.1x
Tue, 10 Jun 2025R242.0bR212.0bR13.2b14.9x18.3x1.1x
Thu, 08 May 2025R227.9bR201.6bR12.4b16.2x18.4x1.1x
Sat, 05 Apr 2025R194.8bR201.6bR12.4b13.6x15.7x1x
Mon, 03 Mar 2025R231.9bR201.6bR12.4b16.8x18.7x1.2x
Wed, 29 Jan 2025R239.6bR201.3bR12.6b17.7x19.1x1.2x
Fri, 27 Dec 2024R280.7bR201.3bR12.6b20.7x22.4x1.4x
Sun, 24 Nov 2024R258.5bR207.3bR8.8b18.7x29.2x1.2x
Tue, 22 Oct 2024R241.9bR207.0bR8.8b16.1x27.4x1.2x
Thu, 19 Sep 2024R230.3bR207.1bR8.9b9.4x25.9x1.1x
Sat, 17 Aug 2024R216.7bR207.2bR8.4b10.6x25.9x1x
Mon, 15 Jul 2024R204.0bR207.2bR8.4b10.2x24.4x1x
Wed, 12 Jun 2024R175.7bR205.9bR8.1b8.8x21.7x0.9x
Fri, 10 May 2024R175.5bR200.6bR7.9b8.5x22.1x0.9x
Sun, 07 Apr 2024R172.2bR200.6bR7.9b8.2x21.7x0.9x
Tue, 05 Mar 2024R178.1bR200.6bR8.0b8.9x22.3x0.9x
Thu, 01 Feb 2024R180.9bR199.7bR7.9b8.8x22.9x0.9x
Sat, 30 Dec 2023R176.1bR199.7bR7.9b8.4x22.3x0.9x
Mon, 27 Nov 2023R178.3bR195.5bR14.9b10.7x11.9x0.9x
Wed, 25 Oct 2023R151.8bR189.0bR15.3b9.2x9.9x0.8x
Fri, 22 Sep 2023R157.6bR188.9bR15.3b9.5x10.3x0.8x
Sun, 20 Aug 2023R154.9bR188.1bR15.2b9.1x10.2x0.8x
Tue, 18 Jul 2023R153.1bR188.1bR15.2b8.7x10.1x0.8x
Thu, 15 Jun 2023R152.8bR184.1bR15.6b8.4x9.8x0.8x
Sat, 13 May 2023R141.9bR178.4bR16.3b7.1x8.7x0.8x
Price to Earnings Ratio

8.7x


Total Market Cap: R141.9bTotal Earnings: R16.3bTotal Revenue: R178.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17.6x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Apparel Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.8x which is lower than its 3-year average PE of 17.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.96x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Market0.91%
Consumer Discretionary-0.65%
Specialty Stores-0.011%
Apparel Retail-0.19%
Home Furnishing Retail2.72%
Home Improvement Retail1.08%
Automotive Retail-0.38%
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
PPH Pepkor HoldingsR22.260.8%
+R627.3m		-15.5%PE14.6x
AOO African and Overseas EnterprisesR20.006.3%
+R14.1m		23.1%PE1780.6x

Latest News

PPH
R22.26
Pepkor Holdings
7D
0.8%
1Y
-15.5%
TRU
R51.52
Truworths International
7D
-1.9%
1Y
-28.9%

TRU: Sustained Dividend Payout Will Support Future Share Price Upside

Analysts have kept the Truworths International price target steady at ZAR68.00. Small refinements to assumptions, such as a slightly higher discount rate, marginally adjusted revenue growth and profit margin expectations, and a modestly higher future P/E, help to fine tune the valuation rather than shift it.
TFG
R69.50
Foschini Group
7D
-0.5%
1Y
-46.2%

TFG: EPS Guidance Reset And Higher Impairments Will Support Future Upside Potential

Analysts have trimmed Foschini Group's implied fair value from ZAR104.30 to about ZAR100.93, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News The Foschini Group issued earnings guidance for the year ending 31 March 2026, indicating that impairments might be up to ZAR750 million.
MRP
R154.04
Mr Price Group
7D
-1.1%
1Y
-35.1%

MRP: Allan Gray’s Larger Stake Will Support Future Upside Potential

Analysts have trimmed their price target on Mr Price Group to ZAR243.93 from ZAR252.82, reflecting updated assumptions for slightly softer revenue growth, a marginally higher discount rate, and a small adjustment to future P/E and profit margin expectations. What's in the News Allan Gray Proprietary Limited acquired an additional minority stake in Mr Price Group Limited (JSE:MRP) on January 22, 2026, increasing its clients' holding to 10.1318% of the total issued ordinary shares (Key Developments).
AOO
R20.00
African and Overseas Enterprises
7D
6.3%
1Y
23.1%