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South African (JSE) Capital Markets Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.9%
  • 3M1.2%
  • 1Y8.2%
  • YTD5.6%

Over the last 7 days, the Capital Markets industry has dropped 1.2%, driven by PSG Financial Services declining 3.8%. In the past year, the industry has gained 8.2%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the South African Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jul 2026R214.7bR77.6bR23.8b8.4x9x2.8x
Sun, 21 Jun 2026R210.5bR74.7bR23.3b8.2x9x2.8x
Tue, 19 May 2026R206.6bR72.3bR22.1b9.5x9.4x2.9x
Thu, 16 Apr 2026R214.9bR71.2bR21.5b10.8x10x3x
Sat, 14 Mar 2026R200.3bR72.0bR22.0b10.2x9.1x2.8x
Mon, 09 Feb 2026R213.9bR70.8bR24.3b9.9x8.8x3x
Wed, 07 Jan 2026R205.5bR71.3bR24.4b9.4x8.4x2.9x
Fri, 05 Dec 2025R197.7bR72.4bR24.8b8.9x8x2.7x
Sun, 02 Nov 2025R205.1bR72.4bR25.6b8.9x8x2.8x
Tue, 30 Sep 2025R198.6bR72.6bR25.8b7.9x7.7x2.7x
Thu, 28 Aug 2025R198.1bR73.6bR23.4b7.5x8.5x2.7x
Sat, 26 Jul 2025R200.6bR73.4bR23.9b7.2x8.4x2.7x
Mon, 23 Jun 2025R191.5bR74.0bR24.1b7.1x7.9x2.6x
Wed, 21 May 2025R201.8bR75.2bR24.5b6.9x8.2x2.7x
Fri, 18 Apr 2025R188.2bR77.0bR25.1b6.4x7.5x2.4x
Sun, 16 Mar 2025R196.4bR73.5bR22.9b7.1x8.6x2.7x
Tue, 11 Feb 2025R197.3bR71.8bR22.2b9.8x8.9x2.7x
Thu, 09 Jan 2025R201.7bR72.8bR22.5b9.5x9x2.8x
Sat, 07 Dec 2024R210.0bR72.0bR19.8b11.4x10.6x2.9x
Mon, 04 Nov 2024R208.5bR69.4bR17.8b10.6x11.7x3x
Wed, 02 Oct 2024R198.9bR69.4bR17.9b11.6x11.1x2.9x
Fri, 30 Aug 2024R195.9bR70.2bR19.0b10.8x10.3x2.8x
Sun, 28 Jul 2024R191.7bR70.5bR19.9b9.9x9.6x2.7x
Tue, 25 Jun 2024R189.6bR69.3bR19.8b10x9.6x2.7x
Thu, 23 May 2024R181.4bR77.5bR19.9b9.9x9.1x2.3x
Sat, 20 Apr 2024R167.4bR77.7bR20.3b9.8x8.3x2.2x
Mon, 18 Mar 2024R170.8bR78.5bR19.1b9.5x9x2.2x
Wed, 14 Feb 2024R172.0bR78.3bR15.6b10.7x11x2.2x
Fri, 12 Jan 2024R182.6bR81.6bR15.8b10.1x11.6x2.2x
Sun, 10 Dec 2023R174.7bR83.4bR16.7b10.1x10.5x2.1x
Tue, 07 Nov 2023R167.7bR78.5bR17.1b10.7x9.8x2.1x
Thu, 05 Oct 2023R165.2bR80.3bR17.9b10x9.2x2.1x
Sat, 02 Sep 2023R165.0bR78.6bR16.4b10.3x10.1x2.1x
Mon, 31 Jul 2023R165.3bR76.6bR15.7b12.3x10.5x2.2x
Price to Earnings Ratio

10.5x


Total Market Cap: R165.3bTotal Earnings: R15.7bTotal Revenue: R76.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the South African Capital Markets 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 9.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the South African Financials industry?

ZA Market-2.00%
Financials-2.50%
Capital Markets-1.86%
Investment Banking and Brokerage0%0
Diversified Capital Markets-0.94%
Financial Exchanges and Data-1.53%
Asset Management-3.09%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 11.1x.
    • Analysts are expecting annual earnings growth of 5.8%, which is lower than the prior year's growth of 16.7% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 5.8% 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
INL Investec GroupR137.611.5%
+R1.7b		3.1%PE7.8x
SYG SygniaR33.501.5%
+R78.2m		11.5%PE12.6x
YYLBEE YeboYethu (RF)R63.000.8%
+R26.5m		110.0%PE1.9x
VUN VunaniR2.645.6%
+R22.5m		32.0%PE42.1x

Latest News

INL
R137.61
Investec Group
7D
1.5%
1Y
3.1%
VUN
R2.64
Vunani
7D
5.6%
1Y
32.0%
BAT
R2.03
Brait
7D
-1.0%
1Y
-8.6%
PPE
R1.68
Purple Group
7D
-3.4%
1Y
1.8%
Analysis Article • Jul 08

With EPS Growth And More, Purple Group (JSE:PPE) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
AFH
R7.11
Alexander Forbes Group Holdings
7D
-1.9%
1Y
-13.8%
YYLBEE
R63.00
YeboYethu (RF)
7D
0.8%
1Y
110.0%
EPE
R5.00
EPE Capital Partners
7D
-5.5%
1Y
-20.8%
ZED
R1.11
Zeder Investments
7D
-4.3%
1Y
-9.8%
JSE
R151.50
JSE
7D
-0.2%
1Y
12.1%
Narrative Update • Jun 24

JSE: Future Dividends And Refined Assumptions Will Shape Return Profile

JSE's analyst price target has been adjusted slightly from ZAR165 to ZAR162 as analysts update their assumptions around revenue growth, profit margins and future P/E expectations, while keeping the overall risk profile broadly in line with prior views. What's in the News for JSE No recent JSE specific news items or key developments have been provided in the available sources.
SYG
R33.50
Sygnia
7D
1.5%
1Y
11.5%
KST
R33.55
PSG Financial Services
7D
-4.6%
1Y
51.5%
CML
R41.56
Coronation Fund Managers
7D
-3.5%
1Y
0.4%