Narrative Update • Aug 06
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South African (JSE) Food Retail Industry Analysis
UpdatedAug 08, 2026
DataAggregated Company Financials
Companies4
- 7D-0.2%
- 3M-0.2%
- 1Y5.6%
- YTDn/a
In the last week, Food Retail has been flat. As for the the longer term, the industry is up 5.5% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the South African Food Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | R207.7b | R452.6b | R8.9b | 20.5x | 23.4x | 0.5x |
| Mon, 06 Jul 2026 | R215.1b | R452.6b | R8.9b | 20.9x | 24.3x | 0.5x |
| Wed, 03 Jun 2026 | R206.1b | R452.6b | R8.9b | 20.4x | 23.3x | 0.5x |
| Fri, 01 May 2026 | R205.6b | R451.7b | R8.9b | 20.1x | 23x | 0.5x |
| Sun, 29 Mar 2026 | R200.7b | R451.7b | R8.9b | 19.8x | 22.5x | 0.4x |
| Tue, 24 Feb 2026 | R197.0b | R442.5b | R8.8b | 19.8x | 22.4x | 0.4x |
| Thu, 22 Jan 2026 | R198.6b | R442.5b | R8.8b | 19.6x | 22.6x | 0.4x |
| Sat, 20 Dec 2025 | R200.8b | R442.5b | R8.8b | 19.9x | 22.9x | 0.5x |
| Mon, 17 Nov 2025 | R207.8b | R442.7b | R8.8b | 20.3x | 23.7x | 0.5x |
| Wed, 15 Oct 2025 | R216.9b | R439.8b | R8.4b | 21.2x | 25.7x | 0.5x |
| Fri, 12 Sep 2025 | R204.7b | R437.1b | R8.4b | 20.5x | 24.3x | 0.5x |
| Sun, 10 Aug 2025 | R196.7b | R436.3b | R7.9b | 20.9x | 24.8x | 0.5x |
| Tue, 08 Jul 2025 | R206.1b | R436.3b | R7.9b | 21.9x | 26x | 0.5x |
| Thu, 05 Jun 2025 | R205.8b | R436.3b | R7.9b | 21x | 25.9x | 0.5x |
| Sat, 03 May 2025 | R213.5b | R430.4b | R5.3b | 22.6x | 40.4x | 0.5x |
| Mon, 31 Mar 2025 | R202.1b | R430.4b | R5.3b | 21.1x | 38.2x | 0.5x |
| Wed, 26 Feb 2025 | R205.8b | R419.2b | R5.0b | 21.4x | 41.5x | 0.5x |
| Fri, 24 Jan 2025 | R210.7b | R419.2b | R5.0b | 21.1x | 42.5x | 0.5x |
| Sun, 22 Dec 2024 | R219.6b | R419.2b | R5.0b | 20.4x | 44.3x | 0.5x |
| Tue, 19 Nov 2024 | R188.3b | R380.3b | R3.6b | 16.4x | 52.8x | 0.5x |
| Thu, 17 Oct 2024 | R160.8b | R263.1b | R7.0b | 16x | 22.9x | 0.6x |
| Sat, 14 Sep 2024 | R166.5b | R263.1b | R7.0b | 16.5x | 23.7x | 0.6x |
| Mon, 12 Aug 2024 | R161.0b | R252.1b | R6.9b | 15.9x | 23.3x | 0.6x |
| Wed, 10 Jul 2024 | R160.3b | R252.1b | R6.9b | 16x | 23.2x | 0.6x |
| Fri, 07 Jun 2024 | R140.0b | R252.1b | R6.9b | 14.2x | 20.3x | 0.6x |
| Sun, 05 May 2024 | R150.5b | R363.7b | R7.0b | 21.3x | 21.4x | 0.4x |
| Tue, 02 Apr 2024 | R146.4b | R363.7b | R7.0b | 20.8x | 20.8x | 0.4x |
| Thu, 29 Feb 2024 | R152.5b | R348.9b | R6.9b | 22.1x | 22.2x | 0.4x |
| Sat, 27 Jan 2024 | R158.9b | R348.9b | R6.9b | 22.9x | 23.1x | 0.5x |
| Mon, 25 Dec 2023 | R156.8b | R348.9b | R6.9b | 22.7x | 22.8x | 0.4x |
| Wed, 22 Nov 2023 | R151.8b | R347.1b | R6.9b | 21.7x | 22.1x | 0.4x |
| Fri, 20 Oct 2023 | R141.6b | R344.1b | R7.9b | 10.3x | 18x | 0.4x |
| Sun, 17 Sep 2023 | R153.7b | R344.1b | R7.9b | 13.7x | 19.5x | 0.4x |
| Tue, 15 Aug 2023 | R159.0b | R328.5b | R7.8b | 14.3x | 20.3x | 0.5x |
Price to Earnings Ratio
20.3x
Current Industry PE
- Investors are pessimistic on the South African Food Retail 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 23.4x which is lower than its 3-year average PE of 26.7x.
- The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
- The earnings for companies in the Food Retail industry have grown 4.2% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does South African Food Retail compare with similar industries?
| ZA Market | 4.38% | |
| Consumer Staples | -1.11% | |
| Food and Staples Retail | -1.79% | |
| Food Retail | -0.16% | |
| Big Box Super Stores | 0% | 0 |
| Drug Retail | -1.42% | |
| Food Distributors | -4.08% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BOX Boxer Retail | R78.30 | 0.4% +R126.8m | 16.2% | PE22.8x | |
| PIK Pick n Pay Stores | R19.05 | 0.2% +R29.4m | -26.9% | PS0.1x |