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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies22
  • 7D1.0%
  • 3M0.8%
  • 1Y0.5%
  • YTD0.4%

In the last week, the Consumer Staples industry is up 2.1%, with Bid leading the way, up 3.4%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026R630.0bR1.1tR35.2b12.2x17.9x0.6x
Sun, 18 Jan 2026R629.8bR1.1tR35.2b12.1x17.9x0.6x
Tue, 16 Dec 2025R620.8bR1.1tR35.2b12.6x17.6x0.6x
Thu, 13 Nov 2025R638.6bR1.1tR35.7b12.1x17.9x0.6x
Sat, 11 Oct 2025R643.9bR1.1tR34.9b10.5x18.5x0.6x
Mon, 08 Sep 2025R622.6bR1.1tR33.0b11.9x18.9x0.6x
Wed, 06 Aug 2025R618.0bR1.1tR31.5b11.4x19.6x0.6x
Fri, 04 Jul 2025R641.5bR1.1tR31.5b12x20.3x0.6x
Sun, 01 Jun 2025R654.6bR1.1tR31.7b13x20.6x0.6x
Tue, 29 Apr 2025R634.4bR1.1tR28.1b12.5x22.6x0.6x
Thu, 27 Mar 2025R605.4bR1.1tR29.0b12.6x20.8x0.6x
Sat, 22 Feb 2025R630.7bR1.1tR28.8b13.9x21.9x0.6x
Mon, 20 Jan 2025R654.7bR1.1tR28.8b15.2x22.7x0.6x
Wed, 18 Dec 2024R661.3bR1.1tR28.8b15.1x23x0.6x
Fri, 15 Nov 2024R623.3bR1.0tR25.0b15x24.9x0.6x
Sun, 13 Oct 2024R589.4bR905.7bR28.0b15.6x21x0.7x
Tue, 10 Sep 2024R578.0bR904.4bR28.4b12.1x20.4x0.6x
Thu, 08 Aug 2024R559.6bR900.0bR27.6b10.4x20.3x0.6x
Sat, 06 Jul 2024R550.0bR900.0bR27.6b11.3x20x0.6x
Mon, 03 Jun 2024R498.8bR878.2bR27.2b10x18.3x0.6x
Wed, 01 May 2024R517.5bR989.9bR26.9b10.5x19.3x0.5x
Fri, 29 Mar 2024R523.7bR988.1bR27.0b10x19.4x0.5x
Sun, 25 Feb 2024R532.6bR971.1bR26.0b11.5x20.5x0.5x
Tue, 23 Jan 2024R579.6bR1.1tR24.8b13.9x23.4x0.5x
Thu, 21 Dec 2023R566.6bR1.1tR24.8b13.3x22.8x0.5x
Sat, 18 Nov 2023R554.5bR1.1tR27.3b12.6x20.3x0.5x
Mon, 16 Oct 2023R532.8bR1.0tR28.5b12.3x18.7x0.5x
Wed, 13 Sep 2023R553.9bR1.0tR27.9b12.4x19.9x0.5x
Fri, 11 Aug 2023R563.0bR999.2bR27.0b11.6x20.9x0.6x
Sun, 09 Jul 2023R526.7bR999.2bR27.0b11.4x19.5x0.5x
Tue, 06 Jun 2023R508.7bR976.0bR26.7b10.8x19x0.5x
Thu, 04 May 2023R543.8bR961.1bR27.2b12.8x20x0.6x
Sat, 01 Apr 2023R542.6bR960.7bR27.3b12.9x19.9x0.6x
Mon, 27 Feb 2023R543.9bR939.2bR26.4b13x20.6x0.6x
Price to Earnings Ratio

20.6x


Total Market Cap: R543.9bTotal Earnings: R26.4bTotal Revenue: R939.2bTotal 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 17.9x 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 4.8% 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-0.21%
Consumer Staples0.97%
Food and Staples Retail1.76%
Beverage0%0
Personal Products0%0
Food-1.26%
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 14.2%, 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 6.0x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 14% 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 BidR434.852.8%
+R3.9b		-7.9%PE17.9x
SHP Shoprite HoldingsR271.001.3%
+R1.9b		-0.8%PE19.8x
CLS Clicks GroupR329.001.9%
+R1.4b		-5.3%PE23.9x
BOX Boxer RetailR72.733.1%
+R977.8m		10.6%PE23.6x
AVI AVIR114.312.0%
+R730.7m		23.6%PE15.6x

Latest News

PIK
R20.28
Pick n Pay Stores
7D
-1.5%
1Y
-31.3%
TBS
R335.00
Tiger Brands
7D
-3.2%
1Y
24.0%
ARL
R276.98
Astral Foods
7D
-1.0%
1Y
62.0%

ARL: Leadership Changes And Refined Assumptions Will Support Balanced Future Prospects

The analyst price target for Astral Foods has been refined to ZAR265, with small adjustments to the discount rate and future P/E assumptions as analysts reassess the balance between required returns and valuation inputs. What's in the News Astral Foods appointed Henry Enslin CA(SA) as acting CFO for February 2026, with Enslin stepping in on a temporary basis while retaining his role as Financial Manager for the Poultry Commercial Division (company announcement).
DCP
R36.57
Dis-Chem Pharmacies
7D
0.5%
1Y
8.2%

Why You Should Care About Dis-Chem Pharmacies' (JSE:DCP) Strong Returns On Capital

Feb 13
Why You Should Care About Dis-Chem Pharmacies' (JSE:DCP) Strong Returns On Capital
BRT
R6.01
Brimstone Investment
7D
14.0%
1Y
19.0%
LBR
R4.51
Libstar Holdings
7D
-1.7%
1Y
14.2%

LBR: Minor Assumption Tweaks Will Likely Reaffirm Persistent Overvaluation

Analysts have held their fair value estimate for Libstar Holdings steady at ZAR3.98 per share, with only small tweaks to inputs such as the discount rate and assumed future P/E. Together, these inputs support an unchanged overall price target narrative.
CLS
R329.00
Clicks Group
7D
1.9%
1Y
-5.3%

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
R90.53
SPAR Group
7D
-0.3%
1Y
-37.3%
SHP
R271.00
Shoprite Holdings
7D
1.3%
1Y
-0.8%

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).
RBO
R7.05
Rainbow Chicken
7D
0.7%
1Y
85.5%
RCL
R8.75
RCL Foods
7D
-2.8%
1Y
-15.8%
OCE
R52.20
Oceana Group
7D
-4.1%
1Y
-20.9%
AVI
R114.31
AVI
7D
2.0%
1Y
23.6%
PMR
R181.00
Premier Group
7D
-2.9%
1Y
52.5%
BOX
R72.73
Boxer Retail
7D
3.1%
1Y
10.6%

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

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BID
R434.85
Bid
7D
2.8%
1Y
-7.9%