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South African (JSE) Food Retail Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies4
  • 7D-2.8%
  • 3M-0.8%
  • 1Y7.4%
  • YTDn/a

In the last week, Food Retail has been flat. As for the the longer term, the industry is up 10% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026R216.2bR452.6bR8.9b21.7x24.4x0.5x
Sat, 18 Jul 2026R205.6bR452.6bR8.9b20.3x23.2x0.5x
Mon, 15 Jun 2026R213.9bR452.6bR8.9b21.1x24.1x0.5x
Wed, 13 May 2026R211.5bR453.3bR9.1b20.5x23.2x0.5x
Fri, 10 Apr 2026R200.0bR451.7bR8.9b20x22.4x0.4x
Sun, 08 Mar 2026R189.3bR451.7bR8.9b18.5x21.2x0.4x
Tue, 03 Feb 2026R197.8bR442.5bR8.8b19.4x22.5x0.4x
Thu, 01 Jan 2026R200.1bR442.5bR8.8b19.8x22.8x0.5x
Sat, 29 Nov 2025R203.8bR442.5bR8.8b20.1x23.2x0.5x
Mon, 27 Oct 2025R219.0bR439.8bR8.4b21.2x25.9x0.5x
Wed, 24 Sep 2025R202.4bR437.1bR8.4b20.4x24x0.5x
Fri, 22 Aug 2025R201.3bR436.3bR7.9b21.2x25.4x0.5x
Sun, 20 Jul 2025R203.8bR436.3bR7.9b21.7x25.7x0.5x
Tue, 17 Jun 2025R195.5bR436.3bR7.9b20.8x24.6x0.4x
Thu, 15 May 2025R203.1bR432.0bR5.2b21x38.9x0.5x
Sat, 12 Apr 2025R196.0bR430.4bR5.3b20.9x37.1x0.5x
Mon, 10 Mar 2025R203.8bR430.4bR5.3b21.5x38.5x0.5x
Wed, 05 Feb 2025R207.0bR419.2bR5.0b20.5x41.8x0.5x
Fri, 03 Jan 2025R216.1bR419.2bR5.0b20.3x43.6x0.5x
Sun, 01 Dec 2024R217.3bR379.6bR3.5b16.7x61.7x0.6x
Tue, 29 Oct 2024R161.0bR263.1bR7.0b16x22.9x0.6x
Thu, 26 Sep 2024R169.4bR263.1bR7.0b16.7x24.2x0.6x
Sat, 24 Aug 2024R170.8bR252.1bR6.9b16.8x24.7x0.7x
Mon, 22 Jul 2024R160.1bR252.1bR6.9b15.9x23.2x0.6x
Wed, 19 Jun 2024R158.9bR252.1bR6.9b15.9x23x0.6x
Fri, 17 May 2024R154.7bR363.7bR7.1b22x21.9x0.4x
Sun, 14 Apr 2024R142.4bR363.7bR7.0b20.2x20.2x0.4x
Tue, 12 Mar 2024R157.3bR363.7bR7.0b22.6x22.4x0.4x
Thu, 08 Feb 2024R161.3bR348.9bR6.9b23.2x23.5x0.5x
Sat, 06 Jan 2024R160.9bR348.9bR6.9b23.4x23.4x0.5x
Mon, 04 Dec 2023R151.0bR348.9bR6.9b21.8x22x0.4x
Wed, 01 Nov 2023R144.1bR347.1bR6.9b20.6x21x0.4x
Fri, 29 Sep 2023R150.2bR344.1bR7.9b14.9x19.1x0.4x
Sun, 27 Aug 2023R161.6bR328.5bR7.8b14.6x20.7x0.5x
Price to Earnings Ratio

20.7x


Total Market Cap: R161.6bTotal Earnings: R7.8bTotal Revenue: R328.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Retail Industry Price to Earnings3Y Average 26.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the South African Food Retail 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 26.8x.
  • 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 Market1.08%
Consumer Staples-1.73%
Food and Staples Retail-1.72%
Food Retail-2.76%
Food Distributors0.14%
Big Box Super Stores0%0
Drug Retail-2.43%
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?

CompanyLast Price7D1YValuation
KAL KAL GroupR50.961.7%
+R60.7m		30.0%PE7.4x

Latest News

SHP
R303.28
Shoprite Holdings
7D
-2.7%
1Y
12.2%
PIK
R18.90
Pick n Pay Stores
7D
-1.1%
1Y
-32.8%
Narrative Update • Aug 06

nan

Analysts have trimmed their price target for Pick n Pay Stores from ZAR37.00 to about ZAR33.95, reflecting updated assumptions that combine a slightly different discount rate and revenue outlook with a lower profit margin and a higher future P/E multiple. What’s in the News for Pick n Pay Stores No recent Pick n Pay Stores specific news has been provided in the sources listed above as of 6 August 2026.
BOX
R76.81
Boxer Retail
7D
-4.0%
1Y
9.7%
KAL
R50.96
KAL Group
7D
1.7%
1Y
30.0%