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

South African (JSE) Consumer Staples Sector Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.3%
  • 3M-2.9%
  • 1Y-3.2%
  • YTD0.3%

In the last week, the Consumer Staples industry is flat overall, with Tiger Brands standing out by going down 10.0%. Unfortunately though, the industry is down 3.3% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026R629.8bR1.1tR35.2b12.1x17.9x0.6x
Wed, 17 Dec 2025R620.8bR1.1tR35.2b12.6x17.6x0.6x
Fri, 14 Nov 2025R639.4bR1.1tR35.7b12.1x17.9x0.6x
Sun, 12 Oct 2025R643.9bR1.1tR34.9b10.5x18.5x0.6x
Tue, 09 Sep 2025R622.4bR1.1tR33.0b11.8x18.9x0.6x
Thu, 07 Aug 2025R613.5bR1.1tR31.5b11.5x19.5x0.6x
Sat, 05 Jul 2025R638.6bR1.1tR31.5b12x20.3x0.6x
Mon, 02 Jun 2025R654.6bR1.1tR31.7b13x20.6x0.6x
Wed, 30 Apr 2025R641.6bR1.1tR28.1b12.5x22.9x0.6x
Fri, 28 Mar 2025R608.1bR1.1tR27.9b14.1x21.8x0.6x
Sun, 23 Feb 2025R630.7bR1.1tR28.8b13.9x21.9x0.6x
Tue, 21 Jan 2025R653.3bR1.1tR28.8b15.1x22.7x0.6x
Thu, 19 Dec 2024R657.3bR1.1tR28.8b15.3x22.8x0.6x
Sat, 16 Nov 2024R615.9bR1.0tR25.0b15x24.6x0.6x
Mon, 14 Oct 2024R589.4bR905.7bR28.0b15.6x21x0.7x
Wed, 11 Sep 2024R583.2bR904.4bR28.4b12.6x20.6x0.6x
Fri, 09 Aug 2024R559.4bR900.0bR27.6b10.8x20.3x0.6x
Sun, 07 Jul 2024R550.0bR900.0bR27.6b11.3x20x0.6x
Tue, 04 Jun 2024R509.8bR878.2bR27.2b10.2x18.7x0.6x
Thu, 02 May 2024R517.5bR989.9bR26.9b10.5x19.3x0.5x
Sat, 30 Mar 2024R523.7bR988.1bR27.0b10x19.4x0.5x
Mon, 26 Feb 2024R532.6bR971.1bR26.0b11.5x20.5x0.5x
Wed, 24 Jan 2024R580.1bR1.1tR24.8b14.1x23.4x0.5x
Fri, 22 Dec 2023R569.8bR1.1tR24.8b13.3x23x0.5x
Sun, 19 Nov 2023R554.5bR1.1tR27.3b11.9x20.3x0.5x
Tue, 17 Oct 2023R532.5bR1.0tR28.5b12.2x18.7x0.5x
Thu, 14 Sep 2023R552.4bR1.0tR27.8b12.3x19.9x0.5x
Sat, 12 Aug 2023R556.6bR999.2bR27.0b11.3x20.6x0.6x
Mon, 10 Jul 2023R526.7bR999.2bR27.0b11.4x19.5x0.5x
Wed, 07 Jun 2023R505.4bR976.0bR26.7b10.8x18.9x0.5x
Fri, 05 May 2023R529.9bR961.1bR27.2b12.5x19.5x0.6x
Sun, 02 Apr 2023R542.6bR960.7bR27.3b12.9x19.9x0.6x
Tue, 28 Feb 2023R546.2bR939.2bR26.4b12.9x20.7x0.6x
Thu, 26 Jan 2023R552.4bR922.4bR25.3b12.1x21.8x0.6x
Price to Earnings Ratio

21.8x


Total Market Cap: R552.4bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.7x202420252026
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 17.9x which is lower than its 3-year average PE of 20.7x.
  • 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 Market0.12%
Consumer Staples-0.27%
Food and Staples Retail0.71%
Beverage0%0
Personal Products0%0
Food-3.09%
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 14.6%, 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 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 15% 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 8.7% 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 BidR409.292.1%
+R2.8b		-11.6%PE16.8x
SHP Shoprite HoldingsR275.591.0%
+R1.5b		-5.2%PE20.1x
OCE Oceana GroupR59.108.3%
+R541.2m		-11.8%PE10.5x
PMR Premier GroupR179.251.8%
+R418.9m		40.0%PE17x
RBO Rainbow ChickenR5.606.5%
+R303.6m		43.6%PE8.8x

Latest News

ARL
R261.62
Astral Foods
7D
-3.1%
1Y
47.0%

ARL: Future Leadership Change And Earnings Outlook Will Shape Balanced Prospects

Astral Foods' analyst fair value price target has shifted from R231.50 to R265.00, with analysts pointing to updated assumptions for discount rate, revenue growth, profit margin and future P/E as the main drivers of this change. What's in the News Astral Foods announced that Chief Financial Officer Johan Andries Ignatius (Dries) Ferreira has resigned with effect from 31 January 2026 after accepting a role in the industrial sector, and the group has started a formal process to identify a successor (company announcement).
PMR
R179.25
Premier Group
7D
1.8%
1Y
40.0%
CLS
R346.65
Clicks Group
7D
-0.2%
1Y
-6.8%
BOX
R71.70
Boxer Retail
7D
-0.6%
1Y
7.0%

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

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
SPP
R94.40
SPAR Group
7D
-1.7%
1Y
-33.3%

SPP: Earnings Guidance Range Will Shape Risk Profile And Margin Expectations

Analysts have kept their fair value estimate for SPAR Group unchanged at $104.00. Only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions were made to support this same price target.
SHP
R275.59
Shoprite Holdings
7D
1.0%
1Y
-5.2%

SHP: Future Upside Will Be Driven By Stable Margins And Earnings Multiples

Analysts have nudged their fair value estimate for Shoprite Holdings up from R326.88 to R329.75, citing small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers of this revised target. Valuation Changes Fair Value: Adjusted from ZAR326.88 to ZAR329.75, a small upward change in the estimated intrinsic value.
TBS
R342.83
Tiger Brands
7D
-10.0%
1Y
22.3%

TBS: Future Payouts And Buybacks Will Mask Earnings Quality Risk

Analysts have revised their fair value estimate for Tiger Brands from R253.00 to R280.00, citing adjusted assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the new price target. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per ordinary share, declared on 26 November 2025, subject to South African Reserve Bank approval (Key Developments).
BRT
R4.96
Brimstone Investment
7D
6.7%
1Y
-1.6%
OCE
R59.10
Oceana Group
7D
8.3%
1Y
-11.8%
KAL
R49.72
KAL Group
7D
-1.8%
1Y
-1.0%

KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 18
KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year
DCP
R35.88
Dis-Chem Pharmacies
7D
-1.1%
1Y
2.2%

Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly

Nov 22
Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly
RBO
R5.60
Rainbow Chicken
7D
6.5%
1Y
43.6%
PIK
R25.10
Pick n Pay Stores
7D
0.8%
1Y
-20.8%

There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital

Nov 20
There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital
RCL
R10.22
RCL Foods
7D
2.8%
1Y
5.4%
AVI
R108.32
AVI
7D
-1.4%
1Y
1.9%
BID
R409.29
Bid
7D
2.1%
1Y
-11.6%