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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies22
  • 7D0.6%
  • 3M-3.6%
  • 1Y-2.2%
  • YTD-1.3%

Over the last 7 days, the Consumer Staples industry has remained flat, although notably Bid gained 3.3%. Furthermore, the industry has been flat for the past year as well. 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
Thu, 05 Feb 2026R619.9bR1.1tR35.2b12.5x17.6x0.6x
Sat, 03 Jan 2026R627.9bR1.1tR35.2b12.8x17.8x0.6x
Mon, 01 Dec 2025R627.6bR1.1tR36.1b10.9x17.4x0.6x
Wed, 29 Oct 2025R652.4bR1.1tR35.1b11.4x18.6x0.6x
Fri, 26 Sep 2025R618.1bR1.1tR33.0b11.8x18.7x0.6x
Sun, 24 Aug 2025R641.4bR1.1tR31.5b12.9x20.3x0.6x
Tue, 22 Jul 2025R627.1bR1.1tR31.5b11.4x19.9x0.6x
Thu, 19 Jun 2025R618.0bR1.1tR31.5b12.5x19.6x0.6x
Sat, 17 May 2025R641.6bR1.1tR28.0b12.9x22.9x0.6x
Mon, 14 Apr 2025R597.3bR1.1tR27.9b12.5x21.4x0.6x
Wed, 12 Mar 2025R600.9bR1.1tR29.6b10.7x20.3x0.6x
Fri, 07 Feb 2025R640.5bR1.1tR28.8b14.3x22.3x0.6x
Sun, 05 Jan 2025R652.2bR1.1tR28.8b15.6x22.7x0.6x
Tue, 03 Dec 2024R658.8bR1.0tR27.2b13.9x24.2x0.6x
Thu, 31 Oct 2024R584.6bR909.5bR28.3b15.6x20.7x0.6x
Sat, 28 Sep 2024R601.0bR904.7bR27.6b14.6x21.8x0.7x
Mon, 26 Aug 2024R580.0bR900.0bR27.6b11.4x21x0.6x
Wed, 24 Jul 2024R561.3bR900.0bR27.6b10.3x20.4x0.6x
Fri, 21 Jun 2024R549.8bR886.5bR27.7b10.8x19.9x0.6x
Sun, 19 May 2024R530.4bR989.9bR26.9b10.4x19.7x0.5x
Tue, 16 Apr 2024R502.0bR988.2bR26.7b10.3x18.8x0.5x
Thu, 14 Mar 2024R536.3bR987.7bR26.6b10.9x20.1x0.5x
Sat, 10 Feb 2024R533.9bR949.1bR25.4b12.1x21x0.6x
Mon, 08 Jan 2024R577.0bR1.1tR24.8b14.2x23.3x0.5x
Wed, 06 Dec 2023R566.3bR1.1tR24.8b13.8x22.8x0.5x
Fri, 03 Nov 2023R547.0bR1.1tR27.4b12.5x20x0.5x
Sun, 01 Oct 2023R541.5bR1.0tR28.5b12.4x19x0.5x
Tue, 29 Aug 2023R556.3bR999.2bR27.0b11.2x20.6x0.6x
Thu, 27 Jul 2023R548.3bR999.2bR27.0b11.1x20.3x0.5x
Sat, 24 Jun 2023R531.0bR999.2bR27.2b10.9x19.5x0.5x
Mon, 22 May 2023R510.3bR970.4bR27.0b12x18.9x0.5x
Wed, 19 Apr 2023R542.7bR960.6bR27.3b12.6x19.9x0.6x
Fri, 17 Mar 2023R519.2bR959.3bR26.5b11.9x19.6x0.5x
Sun, 12 Feb 2023R543.3bR922.4bR25.3b12.6x21.4x0.6x
Price to Earnings Ratio

21.4x


Total Market Cap: R543.3bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.6x202420252026
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 17.6x which is lower than its 3-year average PE of 20.6x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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-3.15%
Consumer Staples0.56%
Food2.04%
Food and Staples Retail0.052%
Beverage0%0
Personal Products0%0
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 24.0x.
    • Analysts are expecting annual earnings growth of 12.8%, which is higher than its past year's earnings growth of 2.0% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 6.4x.
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 2.0% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 8.6% 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
BID BidR418.873.3%
+R4.5b		-11.9%PE17.2x
TBS Tiger BrandsR347.783.7%
+R1.8b		26.9%PE12.8x
RBO Rainbow ChickenR6.6116.0%
+R812.7m		75.8%PE10.3x
AVI AVIR109.151.2%
+R435.1m		14.6%PE14.9x
ARL Astral FoodsR280.862.7%
+R282.0m		57.8%PE12.3x

Latest News

RBO
R6.61
Rainbow Chicken
7D
16.0%
1Y
75.8%
DCP
R35.33
Dis-Chem Pharmacies
7D
-2.5%
1Y
3.2%
TBS
R347.78
Tiger Brands
7D
3.7%
1Y
26.9%

Some Shareholders Feeling Restless Over Tiger Brands Limited's (JSE:TBS) P/E Ratio

Feb 04
Some Shareholders Feeling Restless Over Tiger Brands Limited's (JSE:TBS) P/E Ratio
RCL
R9.55
RCL Foods
7D
-6.4%
1Y
4.7%
SHP
R264.03
Shoprite Holdings
7D
-1.3%
1Y
-7.1%
ARL
R280.86
Astral Foods
7D
2.7%
1Y
57.8%

ARL: Stable Leadership Transitions And Steady Outlook Will Support Balanced Prospects

Analysts have maintained their fair value estimate for Astral Foods at R265.00, reflecting unchanged assumptions for revenue growth, profit margins and future P/E multiples in their latest review. What's in the News Astral Foods appointed Mr. Gideon Johannes (Johan) Geel as Chief Financial Officer, effective March 1, 2026, following the resignation of Mr. Johan Andries Ignatius (Dries) Ferreira on January 31, 2026.
CLS
R321.20
Clicks Group
7D
-0.4%
1Y
-9.0%
QFH
R10.50
Quantum Foods Holdings
7D
5.6%
1Y
50.0%
PIK
R23.23
Pick n Pay Stores
7D
-4.4%
1Y
-22.2%

Omnichannel And Retail Media Expansion Will Transform This Retailer Over The Next Decade

Catalysts About Pick n Pay Stores Pick n Pay Stores operates food, grocery, clothing and liquor retail formats, together with a franchise network and value-added services, primarily in South Africa. What are the underlying business or industry changes driving this perspective?
OCE
R55.90
Oceana Group
7D
1.7%
1Y
-17.2%
AVI
R109.15
AVI
7D
1.2%
1Y
14.6%
SPP
R89.14
SPAR Group
7D
0.8%
1Y
-39.0%

SPP: Higher Discount Rate Will Still Support Attractive Long Term Returns

Analysts have adjusted their price target on SPAR Group to $145.50 from $171.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending 26 September 2025, giving investors a fresh reference point for its expected performance over that period (company guidance).
RFG
R24.70
RFG Holdings
7D
-3.1%
1Y
24.7%
PMR
R183.00
Premier Group
7D
-0.6%
1Y
48.4%
BOX
R71.50
Boxer Retail
7D
-3.2%
1Y
13.3%

Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BID
R418.87
Bid
7D
3.3%
1Y
-11.9%