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South African (JSE) Apparel Retail Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies6
  • 7D-9.2%
  • 3M-11.8%
  • 1Y-20.8%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 9.2%, driven by declines from every company within the industry. However, the industry is down 21% over the past year. 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, 10 Mar 2026R178.2bR221.1bR15.1b11.3x11.8x0.8x
Thu, 05 Feb 2026R193.1bR221.0bR15.1b11.8x12.8x0.9x
Sat, 03 Jan 2026R192.0bR221.0bR15.1b11.7x12.7x0.9x
Mon, 01 Dec 2025R198.6bR221.0bR15.1b13x13.1x0.9x
Wed, 29 Oct 2025R206.2bR212.1bR12.3b12.9x16.8x1x
Fri, 26 Sep 2025R200.5bR212.1bR12.2b12.9x16.4x0.9x
Sun, 24 Aug 2025R211.1bR211.8bR13.2b13.2x16x1x
Tue, 22 Jul 2025R227.0bR211.8bR13.2b13.9x17.2x1.1x
Thu, 19 Jun 2025R224.3bR212.0bR13.2b14x17x1.1x
Sat, 17 May 2025R237.2bR201.6bR12.4b17x19.1x1.2x
Mon, 14 Apr 2025R207.6bR201.6bR12.4b14.5x16.7x1x
Wed, 12 Mar 2025R220.1bR201.6bR12.4b15.7x17.7x1.1x
Fri, 07 Feb 2025R242.8bR201.3bR12.6b17.5x19.3x1.2x
Sun, 05 Jan 2025R274.1bR201.3bR12.6b20.4x21.8x1.4x
Tue, 03 Dec 2024R268.0bR201.3bR12.6b20.6x21.3x1.3x
Thu, 31 Oct 2024R244.0bR207.0bR8.8b16.7x27.7x1.2x
Sat, 28 Sep 2024R251.1bR207.1bR8.9b10.7x28.2x1.2x
Mon, 26 Aug 2024R224.6bR207.2bR8.4b11.1x26.8x1.1x
Wed, 24 Jul 2024R204.7bR207.2bR8.4b9.9x24.4x1x
Fri, 21 Jun 2024R198.5bR207.4bR8.4b10.1x23.7x1x
Sun, 19 May 2024R182.2bR200.6bR7.9b8.9x23x0.9x
Tue, 16 Apr 2024R165.2bR200.6bR7.9b8x20.8x0.8x
Thu, 14 Mar 2024R182.3bR200.6bR8.0b9.1x22.8x0.9x
Sat, 10 Feb 2024R179.6bR199.7bR7.9b8.8x22.8x0.9x
Mon, 08 Jan 2024R168.8bR199.7bR7.9b8x21.4x0.8x
Wed, 06 Dec 2023R174.7bR199.7bR7.9b8.6x22.1x0.9x
Fri, 03 Nov 2023R167.5bR189.0bR15.3b10.2x10.9x0.9x
Sun, 01 Oct 2023R159.6bR188.9bR15.3b9.6x10.4x0.8x
Tue, 29 Aug 2023R155.1bR188.1bR15.2b9.3x10.2x0.8x
Thu, 27 Jul 2023R159.9bR188.1bR15.2b9.3x10.5x0.8x
Sat, 24 Jun 2023R141.8bR188.1bR15.2b7.9x9.3x0.8x
Mon, 22 May 2023R135.0bR178.4bR16.3b6.8x8.3x0.8x
Wed, 19 Apr 2023R151.7bR178.4bR16.3b7.6x9.3x0.9x
Fri, 17 Mar 2023R145.2bR178.2bR16.2b7.5x9x0.8x
Price to Earnings Ratio

9x


Total Market Cap: R145.2bTotal 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 11.8x 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-8.99%
Consumer Discretionary-3.14%
Specialty Stores-7.76%
Apparel Retail-9.19%
Home Furnishing Retail-2.21%
Home Improvement Retail-4.22%
Automotive Retail-4.52%
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
No data available

Latest News

TRU
R55.15
Truworths International
7D
-6.4%
1Y
-28.6%

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).
TFG
R73.82
Foschini Group
7D
-12.9%
1Y
-42.7%

TFG: Earnings Reset And Lower P/E Multiple Will Support Future Upside

The analyst price target for Foschini Group has shifted from ZAR116.21 to ZAR108.86, as analysts factor in updated fair value estimates, a slightly lower discount rate, modestly adjusted revenue growth expectations, a largely unchanged profit margin outlook, and a reduced assumed future P/E multiple. What's in the News Foschini Group issued earnings guidance for the year ending March 31, 2026, highlighting the impact of expected impairments of up to ZAR 750 million on results (Corporate Guidance).
PPH
R23.69
Pepkor Holdings
7D
-8.9%
1Y
-4.1%
MRP
R168.35
Mr Price Group
7D
-6.9%
1Y
-27.1%

MRP: Dividend Support And New Shareholder Backing Will Drive Future Upside

Analysts have adjusted their price target on Mr Price Group to ZAR259.03 from ZAR269.03, reflecting updated assumptions for revenue growth, profit margins and a slightly higher future P/E multiple, together with a marginally lower discount rate. 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 to 10.1318% of the total issued ordinary shares of the company (Key Developments).
RTN
R12.63
Rex Trueform Group
7D
-15.5%
1Y
-2.8%