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South African (JSE) Oil and Gas Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.1%
  • 3M-20.7%
  • 1Y24.5%
  • YTD8.3%

Over the last 7 days, the Oil and Gas industry has dropped 10%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 33%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026R59.2bR71.4bR479.0m6.3x123.6x0.8x
Fri, 29 May 2026R67.8bR71.4bR479.0m6.6x141.5x0.9x
Sun, 26 Apr 2026R66.1bR71.4bR479.0m6.5x137.9x0.9x
Tue, 24 Mar 2026R71.9bR75.4bR10.1b7.4x7.1x1x
Thu, 19 Feb 2026R59.1bR75.9bR10.7b5.5x5.5x0.8x
Sat, 17 Jan 2026R57.3bR75.9bR10.7b5.3x5.3x0.8x
Mon, 15 Dec 2025R55.8bR76.0bR10.4b5x5.3x0.7x
Wed, 12 Nov 2025R56.6bR76.0bR10.4b4.7x5.4x0.7x
Fri, 10 Oct 2025R54.8bR76.0bR10.5b4.8x5.2x0.7x
Sun, 07 Sep 2025R58.5bR76.0bR10.5b5.1x5.6x0.8x
Tue, 05 Aug 2025R52.3bR76.4bR11.1b4.2x4.7x0.7x
Thu, 03 Jul 2025R50.8bR76.4bR11.1b4x4.6x0.7x
Sat, 31 May 2025R49.1bR76.4bR11.1b4x4.4x0.6x
Mon, 28 Apr 2025R50.6bR76.3bR11.2b4.1x4.5x0.7x
Wed, 26 Mar 2025R53.6bR76.3bR11.2b4.5x4.8x0.7x
Fri, 21 Feb 2025R56.6bR71.8bR12.3b4.6x4.6x0.8x
Sun, 19 Jan 2025R56.0bR71.8bR12.3b4.7x4.6x0.8x
Tue, 17 Dec 2024R59.2bR71.8bR12.3b4.8x4.8x0.8x
Thu, 14 Nov 2024R57.6bR71.8bR12.3b4.7x4.7x0.8x
Sat, 12 Oct 2024R57.8bR71.8bR12.3b4.6x4.7x0.8x
Mon, 09 Sep 2024R53.1bR71.8bR12.3b4.2x4.3x0.7x
Wed, 07 Aug 2024R62.9bR69.4bR16.3b3.6x3.8x0.9x
Fri, 05 Jul 2024R62.9bR69.4bR16.3b3.6x3.8x0.9x
Sun, 02 Jun 2024R63.6bR69.4bR16.3b3.7x3.9x0.9x
Tue, 30 Apr 2024R63.4bR69.4bR16.4b3.7x3.9x0.9x
Thu, 28 Mar 2024R58.6bR69.4bR16.4b3.4x3.6x0.8x
Sat, 24 Feb 2024R60.1bR82.0bR22.5b2.6x2.7x0.7x
Mon, 22 Jan 2024R66.9bR82.0bR22.5b2.9x3x0.8x
Wed, 20 Dec 2023R68.5bR82.0bR22.5b2.9x3x0.8x
Fri, 17 Nov 2023R69.1bR82.0bR22.5b2.9x3.1x0.8x
Sun, 15 Oct 2023R71.6bR81.9bR22.6b3.1x3.2x0.9x
Tue, 12 Sep 2023R65.9bR81.9bR22.6b2.8x2.9x0.8x
Thu, 10 Aug 2023R56.8bR97.1bR30.8b1.8x1.8x0.6x
Sat, 08 Jul 2023R62.3bR97.1bR30.8b2x2x0.6x
Price to Earnings Ratio

2x


Total Market Cap: R62.3bTotal Earnings: R30.8bTotal Revenue: R97.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Oil and Gas Industry Price to Earnings3Y Average 16.1x202420252026
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 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 industry?

ZA Market0.49%
Energy-2.15%
Oil and Gas-2.15%
Oil and Gas Exploration and Production0%0
Oil and Gas Storage and Transportation0%0
Coal and Fuels-2.15%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings decline of 2.1% per year.
  • 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 15.8x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings grow by 13% 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
EXX Exxaro ResourcesR202.981.1%
+R538.5m		31.3%PE6.3x

Latest News

EXX
R202.98
Exxaro Resources
7D
1.1%
1Y
31.3%
Narrative Update • Jun 18

EXX: Steady Outlook Will Highlight Proposed ZAR10 Final Dividend As Key Upside Driver

Analysts have raised their price target on Exxaro Resources stock from ZAR256.40 to ZAR262.40, reflecting updated assumptions regarding revenue growth, profit margins and the future P/E multiple. What’s in the News for Exxaro Resources No recent Exxaro Resources news articles were provided in the primary or secondary sources listed above.
TGA
R92.02
Thungela Resources
7D
-13.6%
1Y
2.8%
Narrative Update • Jun 16

TGA: Higher Future P/E And Dividend Policy Will Support Undervalued Shares

The analyst price target for Thungela Resources has been revised from ZAR180.00 to ZAR250.00. Analysts attribute the change to updated fair value assumptions and a higher future P/E estimate as key drivers.