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

South African (JSE) Energy Sector Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.6%
  • 3M-13.5%
  • 1Y17.8%
  • YTD7.8%

Over the last 7 days, the Energy industry has dropped 2.6%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026R59.0bR71.4bR479.0m6.2x123.1x0.8x
Wed, 08 Jul 2026R57.9bR71.4bR479.0m6.1x120.9x0.8x
Fri, 05 Jun 2026R72.3bR71.4bR479.0m7x150.9x1x
Sun, 03 May 2026R70.0bR71.4bR479.0m6.8x146.1x1x
Tue, 31 Mar 2026R75.0bR71.4bR479.0m6.9x156.6x1.1x
Thu, 26 Feb 2026R60.6bR75.9bR10.7b5.6x5.6x0.8x
Sat, 24 Jan 2026R58.8bR75.9bR10.7b5.4x5.5x0.8x
Mon, 22 Dec 2025R56.5bR76.0bR10.4b5.2x5.4x0.7x
Wed, 19 Nov 2025R54.2bR76.0bR10.4b4.5x5.2x0.7x
Fri, 17 Oct 2025R55.3bR76.0bR10.5b4.7x5.3x0.7x
Sun, 14 Sep 2025R57.2bR76.0bR10.5b4.9x5.5x0.8x
Tue, 12 Aug 2025R53.6bR76.4bR11.1b4.2x4.9x0.7x
Thu, 10 Jul 2025R50.8bR76.4bR11.1b4x4.6x0.7x
Sat, 07 Jun 2025R50.1bR76.4bR11.1b4x4.5x0.7x
Mon, 05 May 2025R51.4bR76.4bR11.1b4.2x4.6x0.7x
Wed, 02 Apr 2025R51.9bR76.3bR11.2b4.3x4.7x0.7x
Fri, 28 Feb 2025R53.7bR71.8bR12.3b4.3x4.4x0.7x
Sun, 26 Jan 2025R56.6bR71.8bR12.3b4.7x4.6x0.8x
Tue, 24 Dec 2024R57.2bR71.8bR12.3b4.8x4.7x0.8x
Thu, 21 Nov 2024R60.6bR71.8bR12.3b5x4.9x0.8x
Sat, 19 Oct 2024R58.7bR71.8bR12.3b4.7x4.8x0.8x
Mon, 16 Sep 2024R53.3bR71.8bR12.3b4.2x4.3x0.7x
Wed, 14 Aug 2024R62.5bR69.4bR16.3b3.6x3.8x0.9x
Fri, 12 Jul 2024R63.3bR69.4bR16.3b3.5x3.9x0.9x
Sun, 09 Jun 2024R61.1bR69.4bR16.3b3.5x3.7x0.9x
Tue, 07 May 2024R65.9bR69.4bR16.3b3.8x4x0.9x
Thu, 04 Apr 2024R61.1bR69.4bR16.4b3.6x3.7x0.9x
Sat, 02 Mar 2024R60.1bR82.0bR22.5b2.6x2.7x0.7x
Mon, 29 Jan 2024R63.4bR82.0bR22.5b2.7x2.8x0.8x
Wed, 27 Dec 2023R70.5bR82.0bR22.5b3x3.1x0.9x
Fri, 24 Nov 2023R68.9bR82.0bR22.5b3x3.1x0.8x
Sun, 22 Oct 2023R71.4bR81.9bR22.6b3.1x3.2x0.9x
Tue, 19 Sep 2023R68.2bR81.9bR22.6b2.9x3x0.8x
Thu, 17 Aug 2023R58.1bR97.1bR30.8b1.9x1.9x0.6x
Price to Earnings Ratio

1.9x


Total Market Cap: R58.1bTotal Earnings: R30.8bTotal Revenue: R97.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Energy Sector Price to Earnings3Y Average 20.5x202420252026
Current Industry PE
    There are only 2 companies in the South African Energy industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 75% per year over the last three years,
  • Revenues have also declined 9.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the South African Energy sector?

ZA Market4.38%
Energy-2.63%
Oil and Gas-2.63%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 20.4x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings decline of 2.1% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.4x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 16% 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
TGA Thungela ResourcesR96.480.3%
+R33.0m		5.2%PS0.4x

Latest News

TGA
R96.48
Thungela Resources
7D
0.3%
1Y
5.2%
EXX
R199.50
Exxaro Resources
7D
-0.8%
1Y
22.8%
Narrative Update • Aug 03

EXX: Higher Future P/E Confidence From Investor Day Will Support Upside

Analysts have trimmed their price target for Exxaro Resources from ZAR275 to ZAR260, pointing to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News Exxaro Resources held an Analyst and Investor Day on 20 May 2026, providing management with a platform to update the market on the company.