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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies22
  • 7D0.2%
  • 3M1.4%
  • 1Y0.8%
  • YTD0.1%

Over the last 7 days, the Consumer Staples industry has remained flat, although notably Bid gained 4.3%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026R628.6bR1.1tR35.2b12.4x17.8x0.6x
Thu, 22 Jan 2026R625.5bR1.1tR35.2b12.3x17.8x0.6x
Sat, 20 Dec 2025R625.7bR1.1tR35.2b12.6x17.8x0.6x
Mon, 17 Nov 2025R633.7bR1.1tR35.7b12x17.7x0.6x
Wed, 15 Oct 2025R643.5bR1.1tR34.9b10.2x18.5x0.6x
Fri, 12 Sep 2025R627.4bR1.1tR33.0b11.8x19x0.6x
Sun, 10 Aug 2025R619.0bR1.1tR31.5b11.7x19.6x0.6x
Tue, 08 Jul 2025R632.7bR1.1tR31.5b11.9x20.1x0.6x
Thu, 05 Jun 2025R645.8bR1.1tR31.7b12.8x20.4x0.6x
Sat, 03 May 2025R650.6bR1.1tR28.1b12.9x23.2x0.6x
Mon, 31 Mar 2025R606.1bR1.1tR27.9b12.5x21.7x0.6x
Wed, 26 Feb 2025R631.0bR1.1tR28.8b13.8x21.9x0.6x
Fri, 24 Jan 2025R639.1bR1.1tR28.8b14.8x22.2x0.6x
Sun, 22 Dec 2024R662.5bR1.1tR28.8b15.9x23x0.6x
Tue, 19 Nov 2024R616.9bR1.0tR25.0b15.2x24.7x0.6x
Thu, 17 Oct 2024R585.5bR905.7bR28.0b15x20.9x0.6x
Sat, 14 Sep 2024R584.4bR904.7bR28.4b13.3x20.6x0.6x
Mon, 12 Aug 2024R559.4bR900.0bR27.6b10.8x20.3x0.6x
Wed, 10 Jul 2024R552.0bR900.0bR27.6b10.8x20x0.6x
Fri, 07 Jun 2024R506.5bR880.3bR27.3b10.3x18.5x0.6x
Sun, 05 May 2024R519.2bR989.9bR26.9b10.3x19.3x0.5x
Tue, 02 Apr 2024R523.7bR988.2bR26.7b10x19.6x0.5x
Thu, 29 Feb 2024R523.8bR971.1bR26.0b11.5x20.1x0.5x
Sat, 27 Jan 2024R585.4bR1.1tR24.8b14.4x23.6x0.6x
Mon, 25 Dec 2023R571.9bR1.1tR24.8b13.9x23.1x0.5x
Wed, 22 Nov 2023R556.4bR1.1tR26.2b12.6x21.2x0.5x
Fri, 20 Oct 2023R516.0bR1.0tR28.5b10.3x18.1x0.5x
Sun, 17 Sep 2023R552.8bR1.0tR27.8b12.5x19.9x0.5x
Tue, 15 Aug 2023R556.8bR999.2bR27.0b11.3x20.7x0.6x
Thu, 13 Jul 2023R544.0bR999.2bR27.0b11.5x20.2x0.5x
Sat, 10 Jun 2023R2.0tR976.0bR26.7b11.2x75x2.1x
Mon, 08 May 2023R529.9bR969.5bR27.0b12.6x19.6x0.5x
Wed, 05 Apr 2023R548.4bR960.7bR27.3b12.9x20.1x0.6x
Fri, 03 Mar 2023R548.4bR939.2bR26.4b13.1x20.8x0.6x
Price to Earnings Ratio

20.8x


Total Market Cap: R548.4bTotal 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 17.8x 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 Market2.33%
Consumer Staples0.20%
Food and Staples Retail0.56%
Beverage0%0
Personal Products0%0
Food-0.81%
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 13.9%, 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 5.9x.
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 BidR440.764.3%
+R6.1b		-5.8%PE18.1x
BOX Boxer RetailR72.402.3%
+R724.3m		8.9%PE23.5x
DCP Dis-Chem PharmaciesR37.292.2%
+R702.7m		14.6%PE25.9x
SHP Shoprite HoldingsR270.510.1%
+R216.2m		-1.2%PE19.8x
BRT Brimstone InvestmentR6.0112.3%
+R158.8m		20.2%PE4.2x

Latest News

SPP
R76.22
SPAR Group
7D
-15.5%
1Y
-46.5%

SPP: Leadership Transition And Refined Assumptions Will Support Long-Term Upside

Analysts have nudged their price target for SPAR Group slightly higher to ZAR146.0 from ZAR145.5, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Group CEO Angelo Swartz has resigned, effective 28 February 2026, after 19 years with SPAR Group.
BOX
R72.40
Boxer Retail
7D
2.3%
1Y
8.9%
BRT
R6.01
Brimstone Investment
7D
12.3%
1Y
20.2%
PIK
R20.15
Pick n Pay Stores
7D
-1.8%
1Y
-31.9%
TBS
R338.82
Tiger Brands
7D
-1.9%
1Y
28.2%
ARL
R278.46
Astral Foods
7D
-0.5%
1Y
69.3%

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
R37.29
Dis-Chem Pharmacies
7D
2.2%
1Y
14.6%

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
LBR
R4.62
Libstar Holdings
7D
2.4%
1Y
21.3%

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
R319.80
Clicks Group
7D
-2.8%
1Y
-8.6%

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
SHP
R270.51
Shoprite Holdings
7D
0.1%
1Y
-1.2%

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
R6.88
Rainbow Chicken
7D
-1.7%
1Y
81.1%
RCL
R8.75
RCL Foods
7D
-3.8%
1Y
-14.7%
AVI
R114.56
AVI
7D
0.2%
1Y
25.1%
CKS
R19.24
Crookes Brothers
7D
5.4%
1Y
-39.9%
PMR
R186.38
Premier Group
7D
-0.4%
1Y
59.8%
BID
R440.76
Bid
7D
4.3%
1Y
-5.8%