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

South African (JSE) Capital Markets Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies16
  • 7D2.1%
  • 3M0.8%
  • 1Y10.5%
  • YTD6.6%

In the last week, the Capital Markets industry is up 2.1%, with PSG Financial Services up 8.1%. This takes the industry's 12 month performance to a gain of 10%. Looking forward, 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
Wed, 15 Jul 2026R214.7bR76.6bR23.5b8.3x9.2x2.8x
Fri, 12 Jun 2026R209.1bR73.4bR22.4b8x9.4x2.8x
Sun, 10 May 2026R209.5bR72.4bR22.1b9.6x9.5x2.9x
Tue, 07 Apr 2026R206.2bR71.6bR21.7b10.4x9.5x2.9x
Thu, 05 Mar 2026R212.3bR70.9bR21.6b11x9.8x3x
Sat, 31 Jan 2026R212.3bR71.2bR24.4b9.9x8.7x3x
Mon, 29 Dec 2025R203.0bR72.1bR24.7b9.2x8.2x2.8x
Wed, 26 Nov 2025R200.6bR72.2bR24.9b9x8.1x2.8x
Fri, 24 Oct 2025R208.3bR73.0bR25.8b8.8x8.1x2.9x
Sun, 21 Sep 2025R200.5bR72.5bR25.6b7.9x7.8x2.8x
Tue, 19 Aug 2025R196.2bR73.5bR23.3b7.4x8.4x2.7x
Thu, 17 Jul 2025R200.5bR73.5bR23.9b7.5x8.4x2.7x
Sat, 14 Jun 2025R192.4bR74.5bR22.4b7.1x8.6x2.6x
Mon, 12 May 2025R197.8bR75.8bR24.6b6.8x8x2.6x
Wed, 09 Apr 2025R184.4bR76.9bR24.5b6.2x7.5x2.4x
Fri, 07 Mar 2025R195.3bR73.0bR22.6b7.3x8.6x2.7x
Sun, 02 Feb 2025R196.3bR72.4bR22.4b9.7x8.8x2.7x
Tue, 31 Dec 2024R204.7bR73.2bR20.2b10.8x10.1x2.8x
Thu, 28 Nov 2024R204.7bR72.0bR19.9b10.8x10.3x2.8x
Sat, 26 Oct 2024R206.3bR69.7bR17.9b11.1x11.5x3x
Mon, 23 Sep 2024R199.4bR69.7bR18.0b11.1x11.1x2.9x
Wed, 21 Aug 2024R196.0bR69.9bR18.9b10.3x10.4x2.8x
Fri, 19 Jul 2024R188.1bR70.7bR20.0b10x9.4x2.7x
Sun, 16 Jun 2024R184.0bR70.0bR20.0b8.8x9.2x2.6x
Tue, 14 May 2024R178.5bR77.0bR19.7b10x9x2.3x
Thu, 11 Apr 2024R175.7bR77.8bR18.9b9.9x9.3x2.3x
Sat, 09 Mar 2024R172.7bR78.3bR15.6b10.4x11.1x2.2x
Mon, 05 Feb 2024R179.0bR81.9bR15.9b10.4x11.3x2.2x
Wed, 03 Jan 2024R182.9bR80.8bR15.6b10x11.7x2.3x
Fri, 01 Dec 2023R178.8bR83.2bR16.6b10.3x10.8x2.1x
Sun, 29 Oct 2023R162.5bR79.2bR17.5b10.3x9.3x2.1x
Tue, 26 Sep 2023R171.3bR79.1bR17.6b10x9.8x2.2x
Thu, 24 Aug 2023R162.3bR78.2bR16.2b10.5x10x2.1x
Sat, 22 Jul 2023R164.1bR77.5bR16.1b11.6x10.2x2.1x
Price to Earnings Ratio

10.2x


Total Market Cap: R164.1bTotal Earnings: R16.1bTotal Revenue: R77.5bTotal 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 13% 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 Market2.05%
Financials1.57%
Capital Markets2.06%
Asset Management4.42%
Financial Exchanges and Data0.49%
Diversified Capital Markets0.42%
Investment Banking and Brokerage0%0
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
KST PSG Financial ServicesR34.845.7%
+R2.3b		56.6%PE25x
INL Investec GroupR133.881.0%
+R1.1b		1.8%PE7.8x
YYLBEE YeboYethu (RF)R60.155.5%
+R166.7m		118.5%PE1.8x
SYG SygniaR33.432.8%
+R143.9m		14.4%PE12.6x
CML Coronation Fund ManagersR40.601.0%
+R139.8m		1.0%PE8.3x

Latest News

BAT
R2.00
Brait
7D
-3.4%
1Y
-3.8%
VUN
R2.50
Vunani
7D
-5.3%
1Y
23.8%
PPE
R1.75
Purple Group
7D
0.6%
1Y
9.4%
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
R7.30
Alexander Forbes Group Holdings
7D
-0.7%
1Y
-16.1%
YYLBEE
R60.15
YeboYethu (RF)
7D
5.5%
1Y
118.5%
EPE
R5.39
EPE Capital Partners
7D
-2.0%
1Y
-17.3%
MHB
R4.40
Mahube Infrastructure
7D
5.0%
1Y
44.7%
ZED
R1.14
Zeder Investments
7D
6.5%
1Y
-8.8%
INL
R133.88
Investec Group
7D
1.0%
1Y
1.8%
Narrative Update • Jun 26

INL: FTSE 100 Inclusion And Higher Margins Will Support Future Upside

Analysts have lifted their price target for Investec Group to ZAR167.53 from ZAR136.01, citing updated assumptions that include a lower discount rate, a higher projected profit margin at 36.20% and a reduced future P/E of 10.57x. What's in the News Investec Group has been added to the FTSE 100 Index, reflecting its inclusion in the large cap benchmark in London.
JSE
R152.02
JSE
7D
-1.1%
1Y
13.0%
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
R33.43
Sygnia
7D
2.8%
1Y
14.4%
KST
R34.84
PSG Financial Services
7D
5.7%
1Y
56.6%
CML
R40.60
Coronation Fund Managers
7D
1.0%
1Y
1.0%