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South African (JSE) Apparel Retail Industry Analysis

UpdatedSep 19, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.7%
  • 3M-17.6%
  • 1Y-32.2%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 2.9%, driven by Pepkor Holdings declining 6.2%. Overall the industry is down 32% 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
Sat, 19 Sep 2026R140.8bR229.2bR13.7b11.5x10.3x0.6x
Mon, 17 Aug 2026R163.2bR229.3bR13.9b13.5x11.8x0.7x
Wed, 15 Jul 2026R165.3bR229.3bR13.9b13.7x11.9x0.7x
Fri, 12 Jun 2026R159.0bR229.3bR13.9b13.5x11.5x0.7x
Sun, 10 May 2026R165.2bR221.0bR15.1b12.8x10.9x0.7x
Tue, 07 Apr 2026R166.0bR221.0bR15.1b12.8x11x0.8x
Thu, 05 Mar 2026R185.5bR221.1bR15.1b12.5x12.3x0.8x
Sat, 31 Jan 2026R194.1bR221.0bR15.1b11.9x12.8x0.9x
Mon, 29 Dec 2025R190.0bR221.0bR15.1b11.7x12.6x0.9x
Wed, 26 Nov 2025R195.8bR216.3bR12.1b12.9x16.2x0.9x
Fri, 24 Oct 2025R208.7bR212.1bR12.3b13.1x17x1x
Sun, 21 Sep 2025R209.2bR212.1bR12.2b13.3x17.1x1x
Tue, 19 Aug 2025R207.9bR211.8bR13.2b12.9x15.8x1x
Thu, 17 Jul 2025R224.5bR211.8bR13.2b14.1x17x1.1x
Sat, 14 Jun 2025R220.4bR212.0bR13.2b13.8x16.7x1x
Mon, 12 May 2025R232.4bR201.6bR12.4b16.4x18.7x1.2x
Wed, 09 Apr 2025R203.5bR201.6bR12.4b14.5x16.4x1x
Fri, 07 Mar 2025R224.3bR201.6bR12.4b16.1x18.1x1.1x
Sun, 02 Feb 2025R238.1bR201.3bR12.6b17.3x19x1.2x
Tue, 31 Dec 2024R274.9bR201.3bR12.6b20.3x21.9x1.4x
Thu, 28 Nov 2024R261.3bR201.3bR12.6b20x20.8x1.3x
Sat, 26 Oct 2024R238.1bR207.0bR8.8b16x27x1.1x
Mon, 23 Sep 2024R242.5bR207.1bR8.9b10.2x27.3x1.2x
Wed, 21 Aug 2024R217.5bR207.2bR8.4b10.7x26x1x
Fri, 19 Jul 2024R201.4bR207.2bR8.4b9.8x24x1x
Sun, 16 Jun 2024R188.9bR207.4bR8.4b9.6x22.6x0.9x
Tue, 14 May 2024R178.4bR200.6bR7.9b8.6x22.5x0.9x
Thu, 11 Apr 2024R171.1bR200.6bR7.9b8.2x21.6x0.9x
Sat, 09 Mar 2024R183.0bR200.6bR8.0b9.2x22.9x0.9x
Mon, 05 Feb 2024R180.1bR199.7bR7.9b8.6x22.8x0.9x
Wed, 03 Jan 2024R173.3bR199.7bR7.9b8.3x22x0.9x
Fri, 01 Dec 2023R171.8bR199.7bR7.9b8.6x21.8x0.9x
Sun, 29 Oct 2023R154.0bR189.0bR15.3b9.3x10.1x0.8x
Tue, 26 Sep 2023R157.7bR188.9bR15.3b9.4x10.3x0.8x
Price to Earnings Ratio

10.3x


Total Market Cap: R157.7bTotal Earnings: R15.3bTotal Revenue: R188.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Apparel Retail Industry Price to Earnings3Y Average 17.8x202420252026
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 10.2x which is lower than its 3-year average PE of 17.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have declined 3.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.7% 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 Market-1.59%
Consumer Discretionary-0.34%
Specialty Stores-1.53%
Apparel Retail-2.69%
Home Improvement Retail8.77%
Automotive Retail-0.10%
Home Furnishing Retail-1.52%
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
MRP Mr Price GroupR163.131.6%
+R668.5m		-24.0%PE11.2x

Latest News

MRP
R163.13
Mr Price Group
7D
1.6%
1Y
-24.0%
Narrative Update • Sep 17

MRP: Higher Growth Outlook And Lower Margin Assumptions Will Support Future Upside

Analysts have cut their Mr Price Group fair value estimate from ZAR478.31 to ZAR223.00. They point to updated assumptions that include a higher discount rate, a higher revenue growth outlook, a lower profit margin, and a lower future P/E multiple.
PPH
R18.28
Pepkor Holdings
7D
-4.7%
1Y
-29.1%
TRU
R42.49
Truworths International
7D
-2.6%
1Y
-27.0%
Narrative Update • Sep 17

TRU: Future Dividend And EPS Guidance Will Support Bullish Fair Value View

Analysts have revised their price target for Truworths International to ZAR51.96 from ZAR57.08 as they now apply a slightly higher discount rate and more muted assumptions for revenue growth and profit margins, partly offset by a modestly higher future P/E multiple. What's in the News for Truworths International Truworths International directors declared a final gross cash dividend of 153 South African cents per ordinary share for the 52 week period ended 28 June 2026, compared with 170 South African cents for 2025.
TFG
R49.40
Foschini Group
7D
-4.9%
1Y
-56.3%