South African (JSE) Energy Sector Analysis

UpdatedApr 21, 2026

DataAggregated Company Financials

Companies2

7D-8.4%
3M16.6%
1Y35.4%
YTD20.8%

Over the last 7 days, the Energy industry has dropped 8.4%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 35%. Looking forward, earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 21 Apr 2026	R66.1b	R71.4b	R479.0m	6.5x	137.9x	0.9x
Thu, 19 Mar 2026	R72.1b	R75.9b	R10.7b	7.3x	6.7x	0.9x
Sat, 14 Feb 2026	R59.2b	R75.9b	R10.7b	5.6x	5.5x	0.8x
Mon, 12 Jan 2026	R58.5b	R75.9b	R10.7b	5.4x	5.4x	0.8x
Wed, 10 Dec 2025	R54.0b	R76.0b	R10.4b	4.9x	5.2x	0.7x
Fri, 07 Nov 2025	R57.2b	R76.0b	R10.4b	4.8x	5.5x	0.8x
Sun, 05 Oct 2025	R54.7b	R76.0b	R10.5b	4.7x	5.2x	0.7x
Tue, 02 Sep 2025	R59.1b	R76.0b	R10.5b	5.1x	5.6x	0.8x
Thu, 31 Jul 2025	R53.6b	R76.4b	R11.1b	4.2x	4.9x	0.7x
Sat, 28 Jun 2025	R48.5b	R76.4b	R11.1b	3.8x	4.4x	0.6x
Mon, 26 May 2025	R47.9b	R76.4b	R11.1b	3.8x	4.3x	0.6x
Wed, 23 Apr 2025	R51.7b	R76.3b	R11.2b	4.3x	4.6x	0.7x
Fri, 21 Mar 2025	R53.2b	R76.3b	R11.2b	4.5x	4.8x	0.7x
Sun, 16 Feb 2025	R56.5b	R71.8b	R12.3b	4.6x	4.6x	0.8x
Tue, 14 Jan 2025	R54.5b	R71.8b	R12.3b	4.6x	4.4x	0.8x
Thu, 12 Dec 2024	R60.3b	R71.8b	R12.3b	4.9x	4.9x	0.8x
Sat, 09 Nov 2024	R59.8b	R71.8b	R12.3b	4.9x	4.9x	0.8x
Mon, 07 Oct 2024	R58.0b	R71.8b	R12.3b	4.6x	4.7x	0.8x
Wed, 04 Sep 2024	R53.5b	R71.8b	R12.3b	4.2x	4.3x	0.7x
Fri, 02 Aug 2024	R63.9b	R69.4b	R16.3b	3.6x	3.9x	0.9x
Sun, 30 Jun 2024	R59.3b	R69.4b	R16.3b	3.4x	3.6x	0.9x
Tue, 28 May 2024	R64.7b	R69.4b	R16.3b	3.8x	4x	0.9x
Thu, 25 Apr 2024	R63.7b	R69.4b	R16.4b	3.7x	3.9x	0.9x
Sat, 23 Mar 2024	R60.3b	R69.4b	R16.4b	3.5x	3.7x	0.9x
Mon, 19 Feb 2024	R61.7b	R82.0b	R22.5b	2.6x	2.7x	0.8x
Wed, 17 Jan 2024	R67.8b	R82.0b	R22.5b	2.9x	3x	0.8x
Fri, 15 Dec 2023	R68.3b	R82.0b	R22.5b	2.9x	3x	0.8x
Sun, 12 Nov 2023	R69.0b	R82.0b	R22.5b	3x	3.1x	0.8x
Tue, 10 Oct 2023	R68.7b	R81.9b	R22.6b	2.9x	3x	0.8x
Thu, 07 Sep 2023	R64.7b	R81.9b	R22.6b	2.7x	2.9x	0.8x
Sat, 05 Aug 2023	R56.8b	R97.1b	R30.8b	1.8x	1.8x	0.6x
Mon, 03 Jul 2023	R63.2b	R97.1b	R30.8b	2x	2.1x	0.7x
Wed, 31 May 2023	R59.5b	R97.1b	R30.8b	1.9x	1.9x	0.6x
Fri, 28 Apr 2023	R72.4b	R97.1b	R30.8b	2.4x	2.4x	0.7x

Price to Earnings Ratio

2.4x

Fri, 28 Apr 2023

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 Market	0.30%
Energy	-8.43%
Oil and Gas	-8.43%

Industry PE

Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 7.2x.

Analysts are expecting annual earnings growth of 24.7%, 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 7.2x.

Forecasted Growth

Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 25% over the next 5 years.
This is better than its past earnings decline of 2.1% per year.