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

South African (JSE) Food Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies13
  • 7D1.1%
  • 3M13.5%
  • 1Y14.9%
  • YTD0.5%

The Food industry is up 1.1% in the last week, with Tiger Brands up 1.9%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the South African Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026R158.7bR182.8bR12.7b8.9x12.5x0.9x
Fri, 05 Dec 2025R155.6bR182.8bR12.7b8.6x12.2x0.9x
Sun, 02 Nov 2025R142.8bR183.3bR12.2b7.8x11.7x0.8x
Tue, 30 Sep 2025R138.1bR183.3bR12.2b7.7x11.3x0.8x
Thu, 28 Aug 2025R136.6bR184.1bR11.4b10x12x0.7x
Sat, 26 Jul 2025R131.8bR184.1bR11.4b8.1x11.5x0.7x
Mon, 23 Jun 2025R135.6bR184.0bR11.4b10.1x11.9x0.7x
Wed, 21 May 2025R133.7bR181.8bR10.4b10.1x12.8x0.7x
Fri, 18 Apr 2025R127.9bR181.5bR10.6b8.4x12x0.7x
Sun, 16 Mar 2025R121.9bR182.4bR11.1b8.7x10.9x0.7x
Tue, 11 Feb 2025R130.8bR183.1bR10.6b9.3x12.3x0.7x
Thu, 09 Jan 2025R139.1bR183.1bR10.6b11.3x13.1x0.8x
Sat, 07 Dec 2024R135.2bR183.1bR10.6b11x12.7x0.7x
Mon, 04 Nov 2024R128.4bR182.1bR9.4b12.3x13.7x0.7x
Wed, 02 Oct 2024R127.7bR167.7bR9.2b12.5x13.9x0.8x
Fri, 30 Aug 2024R120.2bR193.7bR8.4b11.2x14.4x0.6x
Sun, 28 Jul 2024R114.8bR194.9bR8.8b9.9x13.1x0.6x
Tue, 25 Jun 2024R112.7bR181.4bR8.9b9.9x12.7x0.6x
Thu, 23 May 2024R106.0bR181.3bR8.3b9.4x12.8x0.6x
Sat, 20 Apr 2024R101.7bR180.9bR8.0b9.5x12.7x0.6x
Mon, 18 Mar 2024R106.2bR180.9bR8.0b9x13.3x0.6x
Wed, 14 Feb 2024R102.4bR178.7bR7.2b9.7x14.3x0.6x
Fri, 12 Jan 2024R100.1bR194.5bR5.9b10.5x17x0.5x
Sun, 10 Dec 2023R97.7bR194.5bR5.9b10.5x16.6x0.5x
Tue, 07 Nov 2023R91.0bR192.7bR7.0b9.7x13x0.5x
Thu, 05 Oct 2023R89.5bR192.7bR7.0b9.4x12.8x0.5x
Sat, 02 Sep 2023R94.0bR191.1bR7.3b9.4x13x0.5x
Mon, 31 Jul 2023R91.4bR191.1bR7.3b9.4x12.6x0.5x
Wed, 28 Jun 2023R90.1bR191.2bR7.5b9.4x12.1x0.5x
Fri, 26 May 2023R90.9bR168.2bR6.5b10.1x14.1x0.5x
Sun, 23 Apr 2023R96.9bR167.6bR6.9b10.7x13.9x0.6x
Tue, 21 Mar 2023R86.2bR167.6bR7.0b10.3x12.4x0.5x
Thu, 16 Feb 2023R95.1bR161.5bR7.7b10.9x12.3x0.6x
Sat, 14 Jan 2023R97.9bR161.5bR7.7b10.7x12.7x0.6x
Price to Earnings Ratio

12.7x


Total Market Cap: R97.9bTotal Earnings: R7.7bTotal Revenue: R161.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 13.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the South African Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 industry?

ZA Market2.09%
Consumer Staples0.14%
Food1.14%
Packaged Foods and Meats1.14%
Agricultural Products0%0
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 21.1%, which is lower than the prior year's growth of 24.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 21% 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
TBS Tiger BrandsR372.691.9%
+R1.1b		26.5%PE13.7x
AVI AVIR107.042.5%
+R870.2m		-0.2%PE14.6x
PMR Premier GroupR170.371.0%
+R225.6m		30.6%PE16.1x
ARL Astral FoodsR271.320.7%
+R73.2m		47.1%PE11.9x
RCL RCL FoodsR10.110.6%
+R53.8m		5.3%PE6.4x

Latest News

TBS
R372.69
Tiger Brands
7D
1.9%
1Y
26.5%

Returns On Capital Are A Standout For Tiger Brands (JSE:TBS)

Jan 07
Returns On Capital Are A Standout For Tiger Brands (JSE:TBS)
BRT
R4.65
Brimstone Investment
7D
3.3%
1Y
-7.7%
OCE
R54.50
Oceana Group
7D
-3.5%
1Y
-19.0%
RFG
R23.04
RFG Holdings
7D
-0.4%
1Y
11.8%
LBR
R4.35
Libstar Holdings
7D
-4.8%
1Y
4.6%
ARL
R271.32
Astral Foods
7D
0.7%
1Y
47.1%
SHG
R9.16
Sea Harvest Group
7D
-3.5%
1Y
9.8%
PMR
R170.37
Premier Group
7D
1.0%
1Y
30.6%

Premier Group (JSE:PMR) Has A Pretty Healthy Balance Sheet

Nov 22
Premier Group (JSE:PMR) Has A Pretty Healthy Balance Sheet
RBO
R4.96
Rainbow Chicken
7D
-0.8%
1Y
27.2%
RCL
R10.11
RCL Foods
7D
0.6%
1Y
5.3%
AVI
R107.04
AVI
7D
2.5%
1Y
-0.2%