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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.3%
  • 3M-3.2%
  • 1Y-2.4%
  • YTD-1.4%

The Consumer Staples industry has been flat over the last week, but Pick n Pay Stores has lost 12%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026R618.7bR1.1tR35.2b12.5x17.6x0.6x
Sat, 10 Jan 2026R632.3bR1.1tR35.2b12.9x17.9x0.6x
Mon, 08 Dec 2025R628.5bR1.1tR36.1b11.4x17.4x0.6x
Wed, 05 Nov 2025R630.5bR1.1tR35.5b11.5x17.8x0.6x
Fri, 03 Oct 2025R621.7bR1.1tR34.9b10.1x17.8x0.6x
Sun, 31 Aug 2025R629.2bR1.1tR31.8b12.6x19.8x0.6x
Tue, 29 Jul 2025R614.0bR1.1tR31.5b11.6x19.5x0.6x
Thu, 26 Jun 2025R632.3bR1.1tR31.5b12.4x20.1x0.6x
Sat, 24 May 2025R639.6bR1.1tR27.9b12.9x22.9x0.6x
Mon, 21 Apr 2025R626.8bR1.1tR28.1b12.6x22.3x0.6x
Wed, 19 Mar 2025R593.7bR1.1tR29.0b12.3x20.4x0.6x
Fri, 14 Feb 2025R635.3bR1.1tR28.8b14.2x22.1x0.6x
Sun, 12 Jan 2025R653.8bR1.1tR28.8b15.4x22.7x0.6x
Tue, 10 Dec 2024R662.2bR1.1tR28.8b14.8x23x0.6x
Thu, 07 Nov 2024R614.4bR1.0tR24.9b16.2x24.7x0.6x
Sat, 05 Oct 2024R586.5bR1.0tR29.7b14x19.7x0.6x
Mon, 02 Sep 2024R587.9bR906.3bR27.7b12x21.2x0.6x
Wed, 31 Jul 2024R567.5bR900.0bR27.6b10.4x20.6x0.6x
Fri, 28 Jun 2024R537.3bR886.5bR27.7b10.5x19.4x0.6x
Sun, 26 May 2024R527.6bR989.8bR27.2b10.5x19.4x0.5x
Tue, 23 Apr 2024R493.5bR988.1bR26.7b10.2x18.5x0.5x
Thu, 21 Mar 2024R524.7bR988.1bR27.0b10x19.5x0.5x
Sat, 17 Feb 2024R526.8bR949.1bR25.4b12.1x20.7x0.6x
Mon, 15 Jan 2024R579.9bR1.1tR24.8b13.9x23.4x0.5x
Wed, 13 Dec 2023R564.7bR1.1tR24.8b13.6x22.8x0.5x
Fri, 10 Nov 2023R549.9bR1.1tR27.3b12.1x20.1x0.5x
Sun, 08 Oct 2023R536.7bR1.0tR28.5b12.6x18.9x0.5x
Tue, 05 Sep 2023R565.3bR1.0tR27.8b12.4x20.3x0.5x
Thu, 03 Aug 2023R555.0bR999.2bR27.0b11.1x20.6x0.6x
Sat, 01 Jul 2023R531.7bR999.2bR27.2b11.2x19.6x0.5x
Mon, 29 May 2023R517.8bR971.9bR26.5b11.9x19.5x0.5x
Wed, 26 Apr 2023R550.1bR961.1bR27.2b12.9x20.2x0.6x
Fri, 24 Mar 2023R524.9bR960.6bR26.2b12.4x20x0.5x
Sun, 19 Feb 2023R542.5bR922.4bR25.3b13.4x21.4x0.6x
Price to Earnings Ratio

21.4x


Total Market Cap: R542.5bTotal 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-0.10%
Consumer Staples-0.26%
Food0.09%
Beverage0.029%
Personal Products0%0
Food and Staples Retail-0.38%
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 12.6%, 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 6.2x.
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 5.6% 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 BidR417.862.1%
+R2.9b		-12.1%PE17.2x
AVI AVIR111.951.9%
+R687.6m		17.6%PE15.3x
DCP Dis-Chem PharmaciesR36.441.7%
+R522.7m		7.5%PE25.3x
RBO Rainbow ChickenR6.696.5%
+R366.1m		78.4%PE10.5x
SHP Shoprite HoldingsR264.160.1%
+R167.6m		-4.6%PE19.3x

Latest News

CLS
R321.00
Clicks Group
7D
-1.2%
1Y
-8.5%

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
SPP
R88.72
SPAR Group
7D
-1.7%
1Y
-38.6%
PIK
R21.10
Pick n Pay Stores
7D
-11.6%
1Y
-29.7%
SHP
R264.16
Shoprite Holdings
7D
0.1%
1Y
-4.6%

SHP: Future Upside Will Be Supported By Stable Margins And Earnings Power

Analysts have made a small downward adjustment to their price target on Shoprite Holdings to reflect slightly lower fair value estimates around R327.13, along with modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Shoprite Holdings issued earnings guidance for the first half of 2026, indicating expected headline earnings per share (HEPS) from continuing operations in the range of 694.0 cents to 727.0 cents (Company guidance).
TBS
R347.18
Tiger Brands
7D
-0.4%
1Y
27.2%

TBS: Special Dividend And Buyback Will Support Rerated Earnings Multiple

Analysts have lifted their fair value estimate for Tiger Brands from R365.00 to R428.00, citing updated assumptions for revenue growth of 7.72%, a profit margin of 9.08%, a discount rate of 16.29% and a future P/E of 24.13x. What's in the News Tiger Brands has announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.
RBO
R6.69
Rainbow Chicken
7D
6.5%
1Y
78.4%
DCP
R36.44
Dis-Chem Pharmacies
7D
1.7%
1Y
7.5%
RCL
R9.10
RCL Foods
7D
-2.8%
1Y
-12.0%
OCE
R55.52
Oceana Group
7D
0.9%
1Y
-17.5%
AVI
R111.95
AVI
7D
1.9%
1Y
17.6%
PMR
R182.00
Premier Group
7D
-0.5%
1Y
46.8%
BOX
R70.26
Boxer Retail
7D
-5.1%
1Y
2.7%

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

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BRT
R5.27
Brimstone Investment
7D
2.3%
1Y
3.3%
SHG
R9.20
Sea Harvest Group
7D
-4.7%
1Y
31.8%
BID
R417.86
Bid
7D
2.1%
1Y
-12.1%