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South African (JSE) Apparel Retail Industry Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies6
  • 7D1.8%
  • 3M-3.9%
  • 1Y-25.5%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has risen 4.9%, driven by gains from every company within the industry. However, the industry is down 26% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Aug 2026R161.1bR229.3bR13.9b13.4x11.6x0.7x
Thu, 02 Jul 2026R165.7bR229.3bR13.9b14x11.9x0.7x
Sat, 30 May 2026R157.4bR227.4bR15.5b12x10.2x0.7x
Mon, 27 Apr 2026R165.5bR221.0bR15.1b12.8x11x0.7x
Wed, 25 Mar 2026R165.5bR221.1bR15.1b10.8x10.9x0.7x
Fri, 20 Feb 2026R188.8bR221.0bR15.1b12.4x12.5x0.9x
Sun, 18 Jan 2026R184.9bR221.0bR15.1b11.5x12.2x0.8x
Tue, 16 Dec 2025R192.3bR221.0bR15.1b12x12.7x0.9x
Thu, 13 Nov 2025R201.1bR215.4bR12.0b12.6x16.7x0.9x
Sat, 11 Oct 2025R211.9bR212.1bR12.3b13.7x17.2x1x
Mon, 08 Sep 2025R201.8bR212.1bR12.2b12.7x16.5x1x
Wed, 06 Aug 2025R217.8bR211.8bR13.2b13.4x16.5x1x
Fri, 04 Jul 2025R231.4bR211.8bR13.2b14.6x17.5x1.1x
Sun, 01 Jun 2025R241.4bR207.1bR12.7b16.6x19x1.2x
Tue, 29 Apr 2025R227.6bR201.6bR12.4b16x18.3x1.1x
Thu, 27 Mar 2025R227.7bR201.6bR12.4b15.9x18.3x1.1x
Sat, 22 Feb 2025R232.0bR201.3bR12.6b16.5x18.5x1.2x
Mon, 20 Jan 2025R259.6bR201.3bR12.6b19.2x20.7x1.3x
Wed, 18 Dec 2024R274.6bR201.3bR12.6b20.2x21.9x1.4x
Fri, 15 Nov 2024R233.4bR206.5bR8.8b16.7x26.6x1.1x
Sun, 13 Oct 2024R244.4bR207.0bR8.8b16.2x27.7x1.2x
Tue, 10 Sep 2024R218.9bR207.2bR8.4b10.4x26.1x1.1x
Thu, 08 Aug 2024R205.8bR207.2bR8.4b10x24.6x1x
Sat, 06 Jul 2024R200.4bR207.2bR8.4b10.4x23.9x1x
Mon, 03 Jun 2024R167.4bR204.3bR7.8b8.4x21.4x0.8x
Wed, 01 May 2024R171.0bR200.6bR7.9b8.3x21.6x0.9x
Fri, 29 Mar 2024R174.8bR200.6bR7.9b8.4x22x0.9x
Sun, 25 Feb 2024R178.7bR199.7bR7.9b8.8x22.6x0.9x
Tue, 23 Jan 2024R162.7bR199.7bR7.9b7.8x20.6x0.8x
Thu, 21 Dec 2023R168.8bR199.7bR7.9b8x21.4x0.8x
Sat, 18 Nov 2023R170.6bR191.9bR15.1b10.3x11.3x0.9x
Mon, 16 Oct 2023R155.5bR189.0bR15.3b9.4x10.2x0.8x
Wed, 13 Sep 2023R148.0bR188.9bR15.3b9.1x9.7x0.8x
Fri, 11 Aug 2023R161.3bR188.1bR15.2b9.5x10.6x0.9x
Price to Earnings Ratio

10.6x


Total Market Cap: R161.3bTotal Earnings: R15.2bTotal Revenue: R188.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17.7x202420252026
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 11.5x which is lower than its 3-year average PE of 17.7x.
  • 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 3.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.8% 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 Market2.46%
Consumer Discretionary5.97%
Specialty Stores1.82%
Apparel Retail1.76%
Automotive Retail2.19%
Home Improvement Retail2.06%
Home Furnishing Retail1.11%
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 GroupR172.163.1%
+R1.3b		-17.2%PE11.9x
TFG Foschini GroupR57.005.1%
+R867.1m		-52.3%PE13.7x
PPH Pepkor HoldingsR21.440.4%
+R295.2m		-20.8%PE13.1x
TRU Truworths InternationalR52.701.4%
+R273.6m		-22.5%PE6.9x

Latest News

TFG
R57.00
Foschini Group
7D
5.1%
1Y
-52.3%
Narrative Update • Jul 28

TFG: Dividend And Lower P/E Will Support Future Upside Potential

The Foschini Group price target has been revised from ZAR97.16 to ZAR81.00, reflecting analysts' updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple. What's in the News for Foschini Group Foschini Group declared a final ordinary gross cash dividend of ZAR1.40 per share, equal to ZAR1.12 per share net of 20% dividend withholding tax, for the period ended 31 March 2026, sourced from income reserves.
MRP
R172.16
Mr Price Group
7D
3.1%
1Y
-17.2%
PPH
R21.44
Pepkor Holdings
7D
0.4%
1Y
-20.8%
Narrative Update • Jun 24

PPH: Retail Platform Customer Scale Will Support Future Upside Cash Flows

Analysts have slightly reduced their fair value estimate for Pepkor Holdings, trimming the price target from ZAR29.79 to ZAR29.45. This reflects updated assumptions on the discount rate, revenue growth, profit margins and future P/E multiples.
TRU
R52.70
Truworths International
7D
1.4%
1Y
-22.5%
Narrative Update • Jun 18

TRU: Fair Value View Will Balance Dividend Appeal And Slightly Higher P/E

Analysts have kept the Truworths International price target steady at ZAR53.00, with minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions underpinning the unchanged valuation view. What’s in the News for Truworths International No recent Truworths International news items were identified in the sources provided.