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South African (JSE) Apparel Retail Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.2%
  • 3M-10.2%
  • 1Y-21.9%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 2.2%, driven by a pullback from Pepkor Holdings of 2.7%. Overall the industry is down 22% 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
Tue, 17 Mar 2026R172.2bR221.1bR15.1b11.2x11.4x0.8x
Thu, 12 Feb 2026R186.0bR221.0bR15.1b12.2x12.3x0.8x
Sat, 10 Jan 2026R192.5bR221.0bR15.1b11.6x12.7x0.9x
Mon, 08 Dec 2025R207.2bR221.0bR15.1b13.3x13.7x0.9x
Wed, 05 Nov 2025R198.1bR212.1bR12.3b12.5x16.1x0.9x
Fri, 03 Oct 2025R199.2bR212.1bR12.3b12.8x16.2x0.9x
Sun, 31 Aug 2025R205.2bR212.1bR12.2b12.9x16.8x1x
Tue, 29 Jul 2025R217.2bR211.8bR13.2b13.4x16.5x1x
Thu, 26 Jun 2025R224.0bR212.0bR13.2b14.2x17x1.1x
Sat, 24 May 2025R228.9bR201.6bR12.4b16.3x18.4x1.1x
Mon, 21 Apr 2025R214.5bR201.6bR12.4b14.9x17.3x1.1x
Wed, 19 Mar 2025R216.1bR201.6bR12.4b15.5x17.4x1.1x
Fri, 14 Feb 2025R242.1bR201.3bR12.6b17.4x19.3x1.2x
Sun, 12 Jan 2025R262.3bR201.3bR12.6b19.5x20.9x1.3x
Tue, 10 Dec 2024R276.6bR201.3bR12.6b20.6x22x1.4x
Thu, 07 Nov 2024R239.1bR207.0bR8.8b16.3x27.1x1.2x
Sat, 05 Oct 2024R242.3bR207.0bR8.8b16.1x27.5x1.2x
Mon, 02 Sep 2024R226.2bR207.2bR8.4b10.7x27x1.1x
Wed, 31 Jul 2024R205.9bR207.2bR8.4b9.8x24.6x1x
Fri, 28 Jun 2024R193.5bR207.4bR8.4b10x23.1x0.9x
Sun, 26 May 2024R179.5bR200.6bR7.9b9x22.7x0.9x
Tue, 23 Apr 2024R159.9bR200.6bR7.9b7.9x20.2x0.8x
Thu, 21 Mar 2024R176.3bR200.6bR8.0b8.5x22.1x0.9x
Sat, 17 Feb 2024R179.8bR199.7bR7.9b8.6x22.8x0.9x
Mon, 15 Jan 2024R173.4bR199.7bR7.9b8.3x22x0.9x
Wed, 13 Dec 2023R167.6bR199.7bR7.9b8.2x21.2x0.8x
Fri, 10 Nov 2023R164.6bR189.0bR15.3b9.7x10.8x0.9x
Sun, 08 Oct 2023R149.8bR188.9bR15.3b9.1x9.8x0.8x
Tue, 05 Sep 2023R155.9bR188.9bR15.3b9.5x10.2x0.8x
Thu, 03 Aug 2023R156.9bR188.1bR15.2b9.2x10.3x0.8x
Sat, 01 Jul 2023R149.3bR188.1bR15.2b8.3x9.8x0.8x
Mon, 29 May 2023R136.2bR178.4bR16.3b7x8.4x0.8x
Wed, 26 Apr 2023R151.9bR178.4bR16.3b7.7x9.3x0.9x
Fri, 24 Mar 2023R147.6bR178.2bR16.2b7.6x9.1x0.8x
Price to Earnings Ratio

9.1x


Total Market Cap: R147.6bTotal Earnings: R16.2bTotal Revenue: R178.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17.5x202420252026
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 11.4x which is lower than its 3-year average PE of 17.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have declined 2.3% 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 Market-2.06%
Consumer Discretionary5.99%
Specialty Stores-1.60%
Apparel Retail-2.18%
Home Furnishing Retail3.13%
Home Improvement Retail-0.043%
Automotive Retail-1.04%
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
MRP Mr Price GroupR168.650.2%
+R77.3m		-26.2%PE11.7x
RTN Rex Trueform GroupR12.650.2%
+R473.3k		-5.7%PE10.8x

Latest News

TFG
R70.77
Foschini Group
7D
-4.1%
1Y
-44.8%

TFG: Impairment-Driven Earnings Reset Will Still Support Future Upside

Analysts have maintained their ZAR price target for Foschini Group at approximately ZAR109 per share, citing only very small adjustments to inputs such as the discount rate, long term revenue growth, profit margin assumptions and the future P/E used in their valuation work. What's in the News Foschini Group issued earnings guidance for the year ending March 31, 2026, indicating that group earnings per share are expected to be at or below 784.5 cents compared with 980.6 cents in FY2025, with a reasonable degree of certainty that EPS will be at least 20% lower than the prior period (company guidance).
MRP
R168.65
Mr Price Group
7D
0.2%
1Y
-26.2%

MRP: Dividend Support And Allan Gray Ownership Will Drive Future Upside

Analysts have trimmed their price target for Mr Price Group slightly, from ZAR259.03 to ZAR253.93, as small adjustments to the discount rate and expected future P/E have resulted in a modestly lower fair value estimate. 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, taking Allan Gray clients' holding to 10.1318% of the total issued ordinary shares of the company (Key Developments).
TRU
R54.40
Truworths International
7D
-1.4%
1Y
-29.1%

TRU: Fair Value View Will Reflect Earnings Guidance And New Stake Purchase

Analysts have reduced their ZAR fair value estimate for Truworths International by ZAR1 to ZAR61.33 as they update assumptions for the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Truworths International issued group earnings guidance for the 26 week period ended 28 December 2025, indicating expected EPS in a range of 489 cents to 499 cents (Key Developments).
PPH
R23.35
Pepkor Holdings
7D
-1.4%
1Y
-6.2%
RTN
R12.65
Rex Trueform Group
7D
0.2%
1Y
-5.7%