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South African (JSE) Capital Markets Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies16
  • 7D1.0%
  • 3M8.0%
  • 1Y15.6%
  • YTD11.4%

The Capital Markets industry is up 1.0% in the last week, with Investec Group up 1.0%. Meanwhile, Zeder Investments actually underperformed within the industry, shrinking 7.0% in the last week. This takes the industry's 12 month performance to a gain of 16%. 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
Sun, 09 Aug 2026R225.0bR76.5bR23.5b9x9.6x2.9x
Tue, 07 Jul 2026R211.0bR76.0bR23.3b8.7x9x2.8x
Thu, 04 Jun 2026R211.0bR73.3bR22.4b8.6x9.4x2.9x
Sat, 02 May 2026R213.6bR73.1bR22.3b9.4x9.6x2.9x
Mon, 30 Mar 2026R202.3bR72.3bR21.9b10.4x9.3x2.8x
Wed, 25 Feb 2026R218.1bR70.0bR21.3b11.7x10.2x3.1x
Fri, 23 Jan 2026R246.1bR70.7bR24.2b11.2x10.1x3.5x
Sun, 21 Dec 2025R198.6bR72.0bR24.7b9.1x8.1x2.8x
Tue, 18 Nov 2025R208.9bR71.7bR25.3b8.6x8.3x2.9x
Thu, 16 Oct 2025R203.9bR72.7bR25.8b8x7.9x2.8x
Sat, 13 Sep 2025R202.4bR72.9bR23.2b7.8x8.7x2.8x
Mon, 11 Aug 2025R198.8bR73.5bR23.4b7.5x8.5x2.7x
Wed, 09 Jul 2025R200.0bR74.0bR24.1b7.5x8.3x2.7x
Fri, 06 Jun 2025R195.9bR73.7bR22.1b7x8.9x2.7x
Sun, 04 May 2025R200.7bR76.0bR24.7b6.8x8.1x2.6x
Tue, 01 Apr 2025R191.4bR73.9bR23.6b6.8x8.1x2.6x
Thu, 27 Feb 2025R198.6bR72.8bR22.5b7.6x8.8x2.7x
Sat, 25 Jan 2025R198.6bR72.0bR22.3b9.8x8.9x2.8x
Mon, 23 Dec 2024R205.8bR72.2bR19.9b11.1x10.3x2.8x
Wed, 20 Nov 2024R211.6bR70.3bR18.5b10.5x11.5x3x
Fri, 18 Oct 2024R209.8bR69.8bR17.9b11.1x11.7x3x
Sun, 15 Sep 2024R195.0bR70.0bR18.3b11x10.6x2.8x
Tue, 13 Aug 2024R189.8bR70.1bR19.1b9.7x9.9x2.7x
Thu, 11 Jul 2024R191.3bR70.0bR19.8b10.1x9.7x2.7x
Sat, 08 Jun 2024R177.8bR71.1bR20.5b9.1x8.7x2.5x
Mon, 06 May 2024R173.8bR77.4bR19.9b10.1x8.8x2.2x
Wed, 03 Apr 2024R174.7bR77.9bR18.9b9.8x9.2x2.2x
Fri, 01 Mar 2024R173.5bR78.6bR15.7b10.8x11.1x2.2x
Sun, 28 Jan 2024R180.8bR81.8bR15.9b10.2x11.4x2.2x
Tue, 26 Dec 2023R183.0bR80.9bR15.6b10x11.7x2.3x
Thu, 23 Nov 2023R177.0bR82.5bR14.7b10.5x12.1x2.1x
Sat, 21 Oct 2023R164.0bR79.7bR17.7b9.9x9.3x2.1x
Mon, 18 Sep 2023R169.9bR80.3bR18.0b10.4x9.5x2.1x
Wed, 16 Aug 2023R166.7bR80.4bR17.1b12.6x9.8x2.1x
Price to Earnings Ratio

9.8x


Total Market Cap: R166.7bTotal Earnings: R17.1bTotal Revenue: R80.4bTotal 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 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 11% 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 Market4.38%
Financials1.65%
Capital Markets1.00%
Financial Exchanges and Data2.43%
Diversified Capital Markets0.95%
Asset Management0.87%
Investment Banking and Brokerage0%0
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • 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 7.5x.
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 2.8% 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 GroupR144.811.0%
+R1.1b		12.1%PE8.5x
CML Coronation Fund ManagersR43.733.0%
+R451.0m		1.6%PE9x
JSE JSER154.362.4%
+R296.4m		15.2%PE10.7x
PPE Purple GroupR1.9310.3%
+R255.9m		9.7%PE40.3x
KST PSG Financial ServicesR33.830.4%
+R162.3m		47.5%PE24.3x

Latest News

INL
R144.81
Investec Group
7D
1.0%
1Y
12.1%
ZED
R1.07
Zeder Investments
7D
-7.0%
1Y
-12.3%
JSE
R154.36
JSE
7D
2.4%
1Y
15.2%
AFH
R7.38
Alexander Forbes Group Holdings
7D
1.7%
1Y
-8.8%
BAT
R2.25
Brait
7D
-1.3%
1Y
4.7%
PPE
R1.93
Purple Group
7D
10.3%
1Y
9.7%
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YYLBEE
R65.00
YeboYethu (RF)
7D
2.3%
1Y
101.1%
EPE
R5.10
EPE Capital Partners
7D
-1.9%
1Y
-20.3%
SYG
R31.60
Sygnia
7D
-1.4%
1Y
11.9%
KST
R33.83
PSG Financial Services
7D
0.4%
1Y
47.5%
CML
R43.73
Coronation Fund Managers
7D
3.0%
1Y
1.6%