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

South African (JSE) Capital Markets Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.3%
  • 3M11.2%
  • 1Y22.4%
  • YTD7.1%

Last week, the Capital Markets industry hasn't moved much but JSE is up 3.1% in that time. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026R218.0bR69.8bR21.3b11.7x10.3x3.1x
Wed, 28 Jan 2026R212.9bR71.2bR24.4b10x8.7x3x
Fri, 26 Dec 2025R203.0bR72.2bR24.7b9.2x8.2x2.8x
Sun, 23 Nov 2025R198.4bR72.4bR25.2b9x7.9x2.7x
Tue, 21 Oct 2025R205.1bR73.3bR26.0b8.7x7.9x2.8x
Thu, 18 Sep 2025R204.7bR73.2bR23.3b7.9x8.8x2.8x
Sat, 16 Aug 2025R197.6bR73.5bR23.4b7.4x8.5x2.7x
Mon, 14 Jul 2025R200.0bR74.1bR24.1b7.4x8.3x2.7x
Wed, 11 Jun 2025R196.9bR73.7bR22.2b7.1x8.9x2.7x
Fri, 09 May 2025R197.2bR75.4bR24.5b6.7x8x2.6x
Sun, 06 Apr 2025R176.5bR75.7bR24.2b6x7.3x2.3x
Tue, 04 Mar 2025R196.4bR73.3bR22.7b7.3x8.7x2.7x
Thu, 30 Jan 2025R196.3bR72.3bR22.3b9.8x8.8x2.7x
Sat, 28 Dec 2024R205.1bR73.0bR20.2b10.9x10.2x2.8x
Mon, 25 Nov 2024R207.8bR71.2bR19.7b9.6x10.6x2.9x
Wed, 23 Oct 2024R206.7bR69.4bR17.8b10.9x11.6x3x
Fri, 20 Sep 2024R199.4bR69.7bR18.0b11.1x11.1x2.9x
Sun, 18 Aug 2024R194.1bR69.7bR18.9b10.2x10.3x2.8x
Tue, 16 Jul 2024R194.8bR70.6bR20.0b10.2x9.8x2.8x
Thu, 13 Jun 2024R179.5bR70.4bR20.1b8.6x8.9x2.5x
Sat, 11 May 2024R177.9bR77.0bR19.8b10.1x9x2.3x
Mon, 08 Apr 2024R174.7bR77.9bR18.9b10x9.2x2.2x
Wed, 06 Mar 2024R173.4bR78.4bR15.6b10.6x11.1x2.2x
Fri, 02 Feb 2024R178.7bR81.5bR15.8b10.4x11.3x2.2x
Sun, 31 Dec 2023R182.8bR80.6bR15.5b10.1x11.8x2.3x
Tue, 28 Nov 2023R179.0bR82.8bR14.7b10.3x12.1x2.2x
Thu, 26 Oct 2023R164.7bR80.0bR17.8b10.1x9.3x2.1x
Sat, 23 Sep 2023R171.3bR79.2bR17.6b10x9.7x2.2x
Mon, 21 Aug 2023R160.2bR79.8bR16.8b10.3x9.6x2x
Wed, 19 Jul 2023R162.5bR78.0bR16.2b12.2x10x2.1x
Fri, 16 Jun 2023R161.5bR78.1bR17.8b12x9.1x2.1x
Sun, 14 May 2023R153.5bR76.9bR17.6b9.9x8.7x2x
Tue, 11 Apr 2023R151.0bR73.7bR19.1b9.9x7.9x2x
Thu, 09 Mar 2023R174.3bR74.7bR20.6b9x8.4x2.3x
Price to Earnings Ratio

8.4x


Total Market Cap: R174.3bTotal Earnings: R20.6bTotal Revenue: R74.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.3x202420252026
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 9.3x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

ZA Market3.39%
Financials1.31%
Capital Markets-0.33%
Financial Exchanges and Data3.10%
Asset Management-0.15%
Diversified Capital Markets-0.86%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 11.0x.
    • Analysts are expecting annual earnings growth of 5.5%, which is lower than the prior year's growth of 18.3% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 7.0% over the next 5 years.
  • This is better than its past earnings growth rate of 1.9% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 5.5% 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
JSE JSER167.033.1%
+R409.2m		32.6%PE13.8x
PPE Purple GroupR2.143.9%
+R113.7m		109.8%PE49.8x
KST PSG Financial ServicesR28.270.2%
+R87.1m		57.5%PE24.4x
BAT BraitR2.290.9%
+R77.3m		16.8%PS18.7x
RHB RH BopheloR2.1010.5%
+R12.9m		75.0%PE3.1x

Latest News

JSE
R167.03
JSE
7D
3.1%
1Y
32.6%
CML
R50.22
Coronation Fund Managers
7D
-0.3%
1Y
28.1%
KST
R28.27
PSG Financial Services
7D
0.2%
1Y
57.5%
RHB
R2.10
RH Bophelo
7D
10.5%
1Y
75.0%
ZED
R1.27
Zeder Investments
7D
-3.1%
1Y
-17.5%
PPE
R2.14
Purple Group
7D
3.9%
1Y
109.8%
INL
R136.88
Investec Group
7D
-0.8%
1Y
12.8%
BAT
R2.29
Brait
7D
0.9%
1Y
16.8%
AFH
R8.20
Alexander Forbes Group Holdings
7D
-0.4%
1Y
-0.5%
SYG
R33.01
Sygnia
7D
-2.3%
1Y
42.5%
VUN
R2.21
Vunani
7D
-15.0%
1Y
16.3%

Vunani Limited's (JSE:VUN) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Dec 24
Vunani Limited's (JSE:VUN) Price Is Right But Growth Is Lacking After Shares Rocket 30%
YYLBEE
R53.01
YeboYethu (RF)
7D
-3.6%
1Y
125.6%
MHB
R5.51
Mahube Infrastructure
7D
-8.6%
1Y
37.8%