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South African (JSE) Apparel Retail Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.3%
  • 3M-3.5%
  • 1Y-20.5%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has gained 2.2%. During this same period, the Foschini Group underperformed, falling 5.9%. In contrast, the industry has lost 20% in the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026R193.5bR221.0bR15.1b11.8x12.8x0.9x
Sun, 28 Dec 2025R190.0bR221.0bR15.1b11.7x12.6x0.9x
Tue, 25 Nov 2025R197.5bR216.3bR12.1b13.2x16.3x0.9x
Thu, 23 Oct 2025R207.2bR212.1bR12.3b13x16.9x1x
Sat, 20 Sep 2025R209.2bR212.1bR12.2b13.3x17.1x1x
Mon, 18 Aug 2025R208.6bR211.8bR13.2b12.9x15.8x1x
Wed, 16 Jul 2025R220.3bR211.8bR13.2b13.9x16.7x1x
Fri, 13 Jun 2025R229.7bR212.0bR13.2b14.4x17.4x1.1x
Sun, 11 May 2025R232.4bR201.6bR12.4b16.4x18.7x1.2x
Tue, 08 Apr 2025R193.1bR201.6bR12.4b13.6x15.6x1x
Thu, 06 Mar 2025R227.2bR201.6bR12.4b16.3x18.3x1.1x
Sat, 01 Feb 2025R238.1bR201.3bR12.6b17.3x19x1.2x
Mon, 30 Dec 2024R274.1bR201.3bR12.6b20.2x21.8x1.4x
Wed, 27 Nov 2024R260.2bR207.3bR8.8b18.5x29.4x1.3x
Fri, 25 Oct 2024R236.7bR207.0bR8.8b16x26.8x1.1x
Sun, 22 Sep 2024R242.5bR207.1bR8.9b10.2x27.3x1.2x
Tue, 20 Aug 2024R220.0bR207.2bR8.4b10.7x26.3x1.1x
Thu, 18 Jul 2024R203.0bR207.2bR8.4b10x24.2x1x
Sat, 15 Jun 2024R188.9bR207.4bR8.4b9.6x22.6x0.9x
Mon, 13 May 2024R178.6bR200.6bR7.9b8.5x22.5x0.9x
Wed, 10 Apr 2024R171.3bR200.6bR7.9b8.2x21.6x0.9x
Fri, 08 Mar 2024R180.3bR200.6bR8.0b8.8x22.6x0.9x
Sun, 04 Feb 2024R180.1bR199.7bR7.9b8.6x22.8x0.9x
Tue, 02 Jan 2024R176.1bR199.7bR7.9b8.4x22.3x0.9x
Thu, 30 Nov 2023R173.8bR195.5bR14.9b10.4x11.6x0.9x
Sat, 28 Oct 2023R154.0bR189.0bR15.3b9.3x10.1x0.8x
Mon, 25 Sep 2023R157.7bR188.9bR15.3b9.4x10.3x0.8x
Wed, 23 Aug 2023R151.7bR188.1bR15.2b9.1x10x0.8x
Fri, 21 Jul 2023R149.8bR188.1bR15.2b8.6x9.9x0.8x
Sun, 18 Jun 2023R152.1bR184.1bR15.6b8.3x9.8x0.8x
Tue, 16 May 2023R139.6bR178.4bR16.3b7x8.6x0.8x
Thu, 13 Apr 2023R155.3bR178.2bR16.2b8.1x9.6x0.9x
Sat, 11 Mar 2023R154.9bR178.2bR16.2b7.9x9.6x0.9x
Mon, 06 Feb 2023R178.5bR177.0bR16.1b9.4x11.1x1x
Price to Earnings Ratio

11.1x


Total Market Cap: R178.5bTotal Earnings: R16.1bTotal Revenue: R177.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17.4x202420252026
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 12.9x which is lower than its 3-year average PE of 17.4x.
  • 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 2.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.7% 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 Market2.61%
Consumer Discretionary-1.43%
Specialty Stores-2.56%
Apparel Retail-1.27%
Home Improvement Retail-1.56%
Home Furnishing Retail-6.38%
Automotive Retail-6.61%
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 GroupR178.501.4%
+R644.3m		-28.5%PE12.3x

Latest News

TFG
R84.43
Foschini Group
7D
-1.9%
1Y
-40.6%

TFG: Hold Downgrade And Lower P/E Assumptions Will Support Future Rebound

Narrative Update Analysts have trimmed their fair value estimate for Foschini Group from ZAR 119.99 to about ZAR 116.21, reflecting a slightly higher discount rate and a lower assumed future P/E multiple, in line with a recent downgrade to Hold and a ZAR 93 price target from the Street. Analyst Commentary The recent downgrade to Hold and the ZAR 93 price target point to a more balanced view on Foschini Group, with analysts weighing both potential upside and key execution risks.
MRP
R178.50
Mr Price Group
7D
1.4%
1Y
-28.5%

MRP: Higher Interim Dividend And Increased Stake Will Support Future Returns

Analysts have trimmed their fair value estimate for Mr Price Group from R521.17 to R518.14, reflecting slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Allan Gray Proprietary Limited completed the acquisition of an additional minority stake in Mr Price Group Limited (JSE:MRP) on 22 January 2026, with its clients now holding 10.1318% of the total issued ordinary shares (Key Developments).
TRU
R60.10
Truworths International
7D
-0.4%
1Y
-29.9%
PPH
R26.48
Pepkor Holdings
7D
-0.3%
1Y
2.6%