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South African (JSE) Apparel Retail Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.4%
  • 3M-16.6%
  • 1Y-29.9%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 1.4%, driven by a pullback from Pepkor Holdings of 1.9%. Overall the industry is down 30% in 12 months. 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, 05 May 2026R163.3bR221.0bR15.1b12.6x10.8x0.7x
Thu, 02 Apr 2026R167.4bR221.0bR15.1b12.9x11.1x0.8x
Sat, 28 Feb 2026R196.8bR221.0bR15.1b12.7x13x0.9x
Mon, 26 Jan 2026R194.3bR221.0bR15.1b11.8x12.8x0.9x
Wed, 24 Dec 2025R188.8bR221.0bR15.1b11.7x12.5x0.9x
Fri, 21 Nov 2025R204.5bR215.4bR12.0b13.5x17x0.9x
Sun, 19 Oct 2025R215.5bR212.1bR12.3b13.9x17.5x1x
Tue, 16 Sep 2025R206.2bR212.1bR12.2b13.1x16.8x1x
Thu, 14 Aug 2025R212.7bR211.8bR13.2b13x16.1x1x
Sat, 12 Jul 2025R228.8bR211.8bR13.2b14.4x17.3x1.1x
Mon, 09 Jun 2025R242.2bR212.0bR13.2b15.6x18.4x1.1x
Wed, 07 May 2025R228.7bR201.6bR12.4b16.2x18.4x1.1x
Fri, 04 Apr 2025R205.3bR201.6bR12.4b14.3x16.5x1x
Sun, 02 Mar 2025R231.9bR201.6bR12.4b16.8x18.7x1.2x
Tue, 28 Jan 2025R244.5bR201.3bR12.6b17.2x19.5x1.2x
Thu, 26 Dec 2024R280.7bR201.3bR12.6b20.7x22.4x1.4x
Sat, 23 Nov 2024R258.5bR207.3bR8.8b18.7x29.2x1.2x
Mon, 21 Oct 2024R241.7bR207.0bR8.8b16x27.4x1.2x
Wed, 18 Sep 2024R229.8bR207.1bR8.9b9.5x25.8x1.1x
Fri, 16 Aug 2024R213.8bR207.2bR8.4b10.3x25.5x1x
Sun, 14 Jul 2024R204.0bR207.2bR8.4b10.2x24.4x1x
Tue, 11 Jun 2024R175.3bR205.9bR8.1b8.6x21.7x0.9x
Thu, 09 May 2024R175.6bR200.6bR7.9b8.5x22.2x0.9x
Sat, 06 Apr 2024R172.2bR200.6bR7.9b8.2x21.7x0.9x
Mon, 04 Mar 2024R175.7bR200.6bR8.0b8.5x22x0.9x
Wed, 31 Jan 2024R178.6bR199.7bR7.9b8.5x22.6x0.9x
Fri, 29 Dec 2023R175.1bR199.7bR7.9b8.4x22.2x0.9x
Sun, 26 Nov 2023R178.3bR195.5bR14.9b10.7x11.9x0.9x
Tue, 24 Oct 2023R151.8bR189.0bR15.3b9.2x9.9x0.8x
Thu, 21 Sep 2023R158.7bR188.9bR15.3b9.6x10.4x0.8x
Sat, 19 Aug 2023R154.9bR188.1bR15.2b9.1x10.2x0.8x
Mon, 17 Jul 2023R153.7bR188.1bR15.2b8.7x10.1x0.8x
Wed, 14 Jun 2023R150.5bR184.1bR15.6b8.3x9.7x0.8x
Fri, 12 May 2023R138.2bR178.4bR16.3b6.8x8.5x0.8x
Price to Earnings Ratio

8.5x


Total Market Cap: R138.2bTotal 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 Market-1.02%
Consumer Discretionary-0.69%
Specialty Stores-1.05%
Apparel Retail-1.37%
Home Improvement Retail2.79%
Home Furnishing Retail0.59%
Automotive Retail-1.37%
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
TFG Foschini GroupR70.150.7%
+R155.4m		-46.2%PE7.7x
AOO African and Overseas EnterprisesR20.006.3%
+R14.1m		23.1%PE1780.6x

Latest News

TRU
R51.08
Truworths International
7D
-2.6%
1Y
-29.8%

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
R70.15
Foschini Group
7D
0.7%
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.
PPH
R22.03
Pepkor Holdings
7D
-1.7%
1Y
-17.3%

PPH: Retail Platform Scale And Customer Data Will Drive Future Upside

The consensus analyst price target for Pepkor Holdings has been adjusted slightly to ZAR31.33 from ZAR31.61. Analysts attribute the revision to small changes in fair value estimates, the discount rate, revenue growth assumptions and forward P/E expectations.
MRP
R155.11
Mr Price Group
7D
-1.8%
1Y
-34.9%

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%