South African (JSE) Food and Staples Retail Industry Analysis

UpdatedAug 08, 2026

DataAggregated Company Financials

Companies8

7D-1.8%
3M-2.5%
1Y-9.2%
YTD-6.3%

Over the last 7 days, the Food and Staples Retail industry has dropped 1.4%, driven by Bid declining 3.9%. The industry has fallen 8.9% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 08 Aug 2026	R438.9b	R922.7b	R22.3b	20.5x	19.7x	0.5x
Mon, 06 Jul 2026	R453.6b	R922.7b	R22.3b	20.9x	20.3x	0.5x
Wed, 03 Jun 2026	R438.1b	R920.4b	R22.8b	16.6x	19.2x	0.5x
Fri, 01 May 2026	R447.7b	R917.5b	R23.1b	18.4x	19.4x	0.5x
Sun, 29 Mar 2026	R453.1b	R915.8b	R23.0b	19.8x	19.7x	0.5x
Tue, 24 Feb 2026	R466.9b	R898.2b	R22.3b	19.8x	21x	0.5x
Thu, 22 Jan 2026	R464.7b	R898.2b	R22.3b	21.8x	20.9x	0.5x
Sat, 20 Dec 2025	R467.1b	R898.2b	R22.3b	22.2x	21x	0.5x
Mon, 17 Nov 2025	R484.0b	R918.0b	R23.0b	20.3x	21.1x	0.5x
Wed, 15 Oct 2025	R499.9b	R912.4b	R22.4b	21.2x	22.4x	0.5x
Fri, 12 Sep 2025	R490.3b	R909.7b	R22.3b	20.5x	21.9x	0.5x
Sun, 10 Aug 2025	R484.8b	R903.4b	R21.6b	20.9x	22.4x	0.5x
Tue, 08 Jul 2025	R495.4b	R903.4b	R21.6b	21.9x	22.9x	0.5x
Thu, 05 Jun 2025	R506.3b	R903.4b	R21.6b	21x	23.4x	0.6x
Sat, 03 May 2025	R517.2b	R897.6b	R18.9b	22.6x	27.3x	0.6x
Mon, 31 Mar 2025	R478.4b	R896.2b	R18.8b	21.1x	25.5x	0.5x
Wed, 26 Feb 2025	R503.5b	R880.8b	R18.5b	21.4x	27.2x	0.6x
Fri, 24 Jan 2025	R504.3b	R880.8b	R18.5b	21.1x	27.2x	0.6x
Sun, 22 Dec 2024	R519.4b	R880.8b	R18.5b	20.4x	28.1x	0.6x
Tue, 19 Nov 2024	R487.2b	R844.6b	R15.8b	27.7x	30.8x	0.6x
Thu, 17 Oct 2024	R456.9b	R723.6b	R19.0b	28.2x	24x	0.6x
Sat, 14 Sep 2024	R459.6b	R723.6b	R19.0b	27.6x	24.2x	0.6x
Mon, 12 Aug 2024	R442.3b	R705.2b	R18.4b	27.8x	24.1x	0.6x
Wed, 10 Jul 2024	R435.0b	R705.2b	R18.4b	26.9x	23.7x	0.6x
Fri, 07 Jun 2024	R400.9b	R699.5b	R18.4b	24x	21.8x	0.6x
Sun, 05 May 2024	R414.0b	R809.0b	R18.5b	26.6x	22.4x	0.5x
Tue, 02 Apr 2024	R417.5b	R807.2b	R18.3b	28x	22.8x	0.5x
Thu, 29 Feb 2024	R420.3b	R792.4b	R18.2b	28.1x	23.1x	0.5x
Sat, 27 Jan 2024	R441.8b	R848.7b	R15.9b	28.4x	27.8x	0.5x
Mon, 25 Dec 2023	R431.0b	R848.7b	R15.9b	27.9x	27.2x	0.5x
Wed, 22 Nov 2023	R421.2b	R838.5b	R17.3b	21.7x	24.4x	0.5x
Fri, 20 Oct 2023	R388.6b	R832.4b	R18.4b	19.6x	21.1x	0.5x
Sun, 17 Sep 2023	R418.9b	R832.4b	R18.4b	20.9x	22.7x	0.5x
Tue, 15 Aug 2023	R422.5b	R787.7b	R17.4b	21.3x	24.3x	0.5x

Price to Earnings Ratio

24.3x

Tue, 15 Aug 2023

Current Industry PE

Investors are pessimistic on the South African Consumer Retailing 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 19.7x which is lower than its 3-year average PE of 23.4x.

The industry is trading close to its 3-year average PS ratio of 0.54x.

Past Earnings Growth

The earnings for companies in the Consumer Retailing industry have grown 8.7% 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 industry?


ZA Market	4.38%
Consumer Staples	-1.11%
Food and Staples Retail	-1.79%
Big Box Super Stores	0%	0
Food Retail	-0.16%
Drug Retail	-1.42%
Food Distributors	-4.08%

Industry PE

Investors are most optimistic about the Food Retail industry even though it's trading below its 3-year average PE ratio of 26.7x.

Analysts expect its future annual earnings growth (14.6%) to be largely in line with prior year's earnings growth.

Investors are most pessimistic about the Food Distributors industry, which is trading close to its 3-year average of 18.9x.

Forecasted Growth

Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 15% over the next 5 years.
This is roughly in line with its past earnings growth rate.