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South African (JSE) Oil and Gas Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies2
  • 7D9.8%
  • 3M28.2%
  • 1Y34.2%
  • YTD21.3%

The Oil and Gas industry is up 9.8% in the last week, with Thungela Resources up 32%. This takes the industry's 12 month performance to a gain of 34%. In the next few years, earnings are forecast to decline by 7.1% annually.

Industry Valuation and Performance

Has the South African Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026R67.6bR75.9bR10.7b6.8x6.3x0.9x
Wed, 04 Feb 2026R59.4bR75.9bR10.7b5.4x5.5x0.8x
Fri, 02 Jan 2026R56.4bR76.0bR10.4b5x5.4x0.7x
Sun, 30 Nov 2025R53.3bR76.0bR10.4b4.6x5.1x0.7x
Tue, 28 Oct 2025R52.0bR76.0bR10.5b4.3x5x0.7x
Thu, 25 Sep 2025R56.9bR76.0bR10.5b4.8x5.4x0.7x
Sat, 23 Aug 2025R59.6bR74.4bR10.0b5.3x5.9x0.8x
Mon, 21 Jul 2025R56.7bR76.4bR11.1b4.4x5.1x0.7x
Wed, 18 Jun 2025R49.1bR76.4bR11.1b3.9x4.4x0.6x
Fri, 16 May 2025R47.4bR76.4bR11.1b3.8x4.3x0.6x
Sun, 13 Apr 2025R49.4bR76.3bR11.2b4.1x4.4x0.6x
Tue, 11 Mar 2025R52.2bR71.8bR12.3b4.2x4.2x0.7x
Thu, 06 Feb 2025R61.7bR71.8bR12.3b5.1x5x0.9x
Sat, 04 Jan 2025R57.4bR71.8bR12.3b4.8x4.7x0.8x
Mon, 02 Dec 2024R58.8bR71.8bR12.3b4.8x4.8x0.8x
Wed, 30 Oct 2024R60.5bR71.8bR12.3b4.9x4.9x0.8x
Fri, 27 Sep 2024R57.3bR71.8bR12.3b4.4x4.6x0.8x
Sun, 25 Aug 2024R58.6bR71.8bR12.3b4.6x4.8x0.8x
Tue, 23 Jul 2024R64.1bR69.4bR16.3b3.6x3.9x0.9x
Thu, 20 Jun 2024R59.9bR69.4bR16.3b3.4x3.7x0.9x
Sat, 18 May 2024R63.9bR69.4bR16.3b3.7x3.9x0.9x
Mon, 15 Apr 2024R66.8bR69.4bR16.4b3.9x4.1x1x
Wed, 13 Mar 2024R58.6bR82.0bR22.5b2.5x2.6x0.7x
Fri, 09 Feb 2024R60.9bR82.0bR22.5b2.6x2.7x0.7x
Sun, 07 Jan 2024R69.7bR82.0bR22.5b3x3.1x0.9x
Tue, 05 Dec 2023R67.5bR82.0bR22.5b2.9x3x0.8x
Thu, 02 Nov 2023R71.6bR82.0bR22.5b3.1x3.2x0.9x
Sat, 30 Sep 2023R67.9bR81.9bR22.6b2.9x3x0.8x
Mon, 28 Aug 2023R62.1bR81.9bR22.6b2.6x2.8x0.8x
Wed, 26 Jul 2023R63.6bR97.1bR30.8b2.1x2.1x0.7x
Fri, 23 Jun 2023R62.9bR97.1bR30.8b2x2x0.6x
Sun, 21 May 2023R65.8bR97.1bR30.8b2.1x2.1x0.7x
Tue, 18 Apr 2023R75.6bR97.1bR30.8b2.5x2.5x0.8x
Thu, 16 Mar 2023R73.6bR82.4bR27.8b2.6x2.6x0.9x
Price to Earnings Ratio

2.6x


Total Market Cap: R73.6bTotal Earnings: R27.8bTotal Revenue: R82.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Oil and Gas Industry Price to Earnings3Y Average 4x202420252026
Current Industry PE
    There are only 2 companies in the South African Oil and Gas 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 Oil and Gas industry have declined 27% per year over the last three years,
  • Revenues have also declined 2.7% 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 industry?

ZA Market-8.99%
Energy9.82%
Oil and Gas9.82%
Coal and Fuels9.82%
Oil and Gas Exploration and Production0%0
Oil and Gas Storage and Transportation0%0
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 3.8x.
    • Analysts are expecting annual earnings decline of 7.1%, which is less than its past year's earnings decline of 17.0%.
  • Investors are most pessimistic about the Coal and Fuels industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.8x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Coal and Fuels industry since they expect its earnings to decline by only 7.1% per year over the next 5 years, which isn't as bad as the other industries.
  • This is an improvement from its past earnings decline of 17% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings decline by 7.1% 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 ResourcesR162.8839.2%
+R5.9b
45.4%PE8.2x