Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies22
  • 7D1.2%
  • 3M-3.2%
  • 1Y0.03%
  • YTD-4.6%

Over the last 7 days, the Consumer Staples industry has dropped 3.7%, driven by AVI declining 2.9%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the South African Consumer Staples Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026R598.6bR1.1tR35.5b12.5x16.9x0.5x
Fri, 06 Feb 2026R620.5bR1.1tR35.2b12.6x17.6x0.6x
Sun, 04 Jan 2026R627.9bR1.1tR35.2b12.8x17.8x0.6x
Tue, 02 Dec 2025R624.2bR1.1tR36.1b11x17.3x0.6x
Thu, 30 Oct 2025R648.2bR1.1tR35.4b11.4x18.3x0.6x
Sat, 27 Sep 2025R615.0bR1.1tR33.0b11.9x18.6x0.6x
Mon, 25 Aug 2025R641.4bR1.1tR31.5b12.9x20.3x0.6x
Wed, 23 Jul 2025R620.3bR1.1tR31.5b11.5x19.7x0.6x
Fri, 20 Jun 2025R622.1bR1.1tR31.5b12.5x19.8x0.6x
Sun, 18 May 2025R641.3bR1.1tR28.0b12.9x22.9x0.6x
Tue, 15 Apr 2025R619.1bR1.1tR27.9b12.9x22.2x0.6x
Thu, 13 Mar 2025R600.5bR1.1tR29.6b10.9x20.3x0.6x
Sat, 08 Feb 2025R642.5bR1.1tR28.8b14.4x22.3x0.6x
Mon, 06 Jan 2025R652.2bR1.1tR28.8b15.6x22.7x0.6x
Wed, 04 Dec 2024R661.6bR1.0tR27.2b14x24.3x0.6x
Fri, 01 Nov 2024R597.2bR1.0tR24.9b15.6x24x0.6x
Sun, 29 Sep 2024R601.0bR904.7bR27.6b14.6x21.8x0.7x
Tue, 27 Aug 2024R574.4bR900.0bR27.6b11.2x20.8x0.6x
Thu, 25 Jul 2024R559.9bR900.0bR27.6b10.3x20.3x0.6x
Sat, 22 Jun 2024R551.7bR886.5bR27.7b11x19.9x0.6x
Mon, 20 May 2024R530.4bR989.9bR26.9b10.4x19.7x0.5x
Wed, 17 Apr 2024R502.0bR988.1bR26.7b10.1x18.8x0.5x
Fri, 15 Mar 2024R530.6bR987.7bR26.6b10.8x19.9x0.5x
Sun, 11 Feb 2024R533.9bR949.1bR25.4b12.1x21x0.6x
Tue, 09 Jan 2024R582.6bR1.1tR24.8b14.2x23.5x0.5x
Thu, 07 Dec 2023R564.4bR1.1tR24.8b14.1x22.8x0.5x
Sat, 04 Nov 2023R546.5bR1.1tR27.4b12.7x19.9x0.5x
Mon, 02 Oct 2023R541.5bR1.0tR28.5b12.4x19x0.5x
Wed, 30 Aug 2023R553.3bR999.2bR27.0b11.3x20.5x0.6x
Fri, 28 Jul 2023R548.3bR999.2bR27.0b11.2x20.3x0.5x
Sun, 25 Jun 2023R531.0bR999.2bR27.2b10.9x19.5x0.5x
Tue, 23 May 2023R512.5bR970.9bR26.5b12x19.3x0.5x
Thu, 20 Apr 2023R541.0bR960.6bR27.3b12.8x19.8x0.6x
Sat, 18 Mar 2023R518.7bR960.6bR26.2b12.8x19.8x0.5x
Price to Earnings Ratio

19.8x


Total Market Cap: R518.7bTotal Earnings: R26.2bTotal Revenue: R960.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.5x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Consumer Staples 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 16.7x which is lower than its 3-year average PE of 20.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 4.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Consumer Staples sector?

ZA Market-0.19%
Consumer Staples1.21%
Food and Staples Retail1.85%
Beverage0%0
Personal Products0%0
Food-0.65%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings growth of 10.8% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 7.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SHP Shoprite HoldingsR265.273.3%
+R4.6b		-3.7%PE19x
BID BidR423.861.3%
+R1.8b		-0.9%PE16.2x
BOX Boxer RetailR72.505.7%
+R1.8b		9.4%PE23.5x
PIK Pick n Pay StoresR18.622.7%
+R358.9m		-29.8%PS0.1x
DCP Dis-Chem PharmaciesR35.001.1%
+R334.2m		12.0%PE24.3x

Latest News

AVI
R103.71
AVI
7D
-2.9%
1Y
17.5%
SPP
R65.00
SPAR Group
7D
-4.7%
1Y
-47.5%

SPP: Leadership Transition And Margin Recovery Efforts Will Shape Future Risk Profile

Analysts have reduced their price target on SPAR Group from ZAR104 to ZAR81. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.
SHP
R265.27
Shoprite Holdings
7D
3.3%
1Y
-3.7%
QFH
R10.95
Quantum Foods Holdings
7D
9.5%
1Y
73.5%
RCL
R8.52
RCL Foods
7D
-2.3%
1Y
-14.7%
BID
R423.86
Bid
7D
1.3%
1Y
-0.9%
ARL
R264.80
Astral Foods
7D
-2.7%
1Y
62.5%

ARL: New Finance Leadership And Steady Assumptions Will Support Balanced Prospects

Analysts have kept their ZAR265.00 price target on Astral Foods unchanged, reflecting largely steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Astral Foods appointed Mr. Henry Enslin CA(SA) as acting CFO for February 2026, with Enslin currently serving as Financial Manager for the Poultry Commercial Division and previously as Financial Director at Albany Bakeries, a division of Tiger Brands (company announcement).
PIK
R18.62
Pick n Pay Stores
7D
2.7%
1Y
-29.8%

PIK: Finance Succession And Turnaround Plan Will Support Future Upside Potential

Analysts have trimmed their price target for Pick n Pay Stores from ZAR29.49 to ZAR27.67, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Group CFO Lerena Olivier is set to step down from the CFO role at the conclusion of the 2026 AGM in August 2026, as part of long term succession planning after joining Pick n Pay in 2011 and serving as CFO since 2019 (company announcement).
DCP
R35.00
Dis-Chem Pharmacies
7D
1.1%
1Y
12.0%
TBS
R299.10
Tiger Brands
7D
-1.0%
1Y
15.0%

TBS: Pending Special Dividend Will Mask Underlying Earnings Quality Risk

Analysts have maintained their Tiger Brands fair value estimate at ZAR280.00. The slightly lower discount rate and modestly higher profit margin assumption result in only a small refinement to the underlying valuation rather than a major shift in the price target.
BOX
R72.50
Boxer Retail
7D
5.7%
1Y
9.4%
CLS
R298.62
Clicks Group
7D
-0.2%
1Y
-12.9%

If EPS Growth Is Important To You, Clicks Group (JSE:CLS) Presents An Opportunity

Feb 11
If EPS Growth Is Important To You, Clicks Group (JSE:CLS) Presents An Opportunity
RBO
R7.50
Rainbow Chicken
7D
4.7%
1Y
128.7%
CKS
R18.01
Crookes Brothers
7D
-6.4%
1Y
-37.9%
RFG
R25.00
RFG Holdings
7D
3.1%
1Y
30.5%