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South African (JSE) Industrials Sector Analysis
UpdatedApr 15, 2026
DataAggregated Company Financials
Companies25
- 7D0.7%
- 3M0.5%
- 1Y10.4%
- YTD4.2%
Over the last 7 days, the Industrials industry has risen 3.2%, driven by gains from Grindrod of 3.8%. This means that the industry has gained 7.3% over the past year. As for the next few years, earnings are expected to grow by 9.6% per annum.
Sector Valuation and Performance
Has the South African Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 Apr 2026 | R166.9b | R354.5b | R15.7b | 7.1x | 10.6x | 0.5x |
| Fri, 13 Mar 2026 | R158.9b | R355.4b | R15.7b | 6.9x | 10.1x | 0.4x |
| Sun, 08 Feb 2026 | R166.9b | R354.0b | R14.6b | 7.5x | 11.4x | 0.5x |
| Tue, 06 Jan 2026 | R183.9b | R390.6b | R16.1b | 7.3x | 11.4x | 0.5x |
| Thu, 04 Dec 2025 | R177.4b | R391.2b | R16.0b | 7.1x | 11.1x | 0.5x |
| Sat, 01 Nov 2025 | R175.6b | R504.9b | R32.4b | 6.5x | 5.4x | 0.3x |
| Mon, 29 Sep 2025 | R168.9b | R504.8b | R32.4b | 6.5x | 5.2x | 0.3x |
| Wed, 27 Aug 2025 | R177.9b | R507.2b | R34.0b | 5.6x | 5.2x | 0.4x |
| Fri, 25 Jul 2025 | R179.4b | R511.3b | R34.0b | 7.1x | 5.3x | 0.4x |
| Sun, 22 Jun 2025 | R176.6b | R513.6b | R34.0b | 7x | 5.2x | 0.3x |
| Tue, 20 May 2025 | R180.3b | R422.6b | R21.3b | 7.2x | 8.5x | 0.4x |
| Thu, 17 Apr 2025 | R172.2b | R424.6b | R21.5b | 6.9x | 8x | 0.4x |
| Sat, 15 Mar 2025 | R183.2b | R424.4b | R21.7b | 7.1x | 8.5x | 0.4x |
| Mon, 10 Feb 2025 | R196.1b | R458.8b | R22.4b | 6.3x | 8.8x | 0.4x |
| Wed, 08 Jan 2025 | R200.7b | R459.7b | R22.5b | 6.7x | 8.9x | 0.4x |
| Fri, 06 Dec 2024 | R206.8b | R458.9b | R22.3b | 7x | 9.3x | 0.5x |
| Sun, 03 Nov 2024 | R210.4b | R456.6b | R21.7b | 7.2x | 9.7x | 0.5x |
| Tue, 01 Oct 2024 | R214.7b | R457.3b | R21.7b | 7.2x | 9.9x | 0.5x |
| Thu, 29 Aug 2024 | R217.9b | R461.2b | R20.2b | 6.9x | 10.8x | 0.5x |
| Sat, 27 Jul 2024 | R203.0b | R452.4b | R19.1b | 7.5x | 10.6x | 0.4x |
| Mon, 24 Jun 2024 | R200.6b | R452.7b | R19.1b | 7.6x | 10.5x | 0.4x |
| Wed, 22 May 2024 | R184.3b | R441.1b | R19.8b | 6.6x | 9.3x | 0.4x |
| Fri, 19 Apr 2024 | R169.9b | R440.7b | R19.9b | 5.3x | 8.6x | 0.4x |
| Sun, 17 Mar 2024 | R170.8b | R417.4b | R20.6b | 5.2x | 8.3x | 0.4x |
| Tue, 13 Feb 2024 | R165.9b | R404.5b | R20.7b | 5.5x | 8x | 0.4x |
| Thu, 11 Jan 2024 | R179.3b | R423.1b | R28.0b | 6.2x | 6.4x | 0.4x |
| Sat, 09 Dec 2023 | R175.0b | R423.5b | R28.0b | 6.1x | 6.3x | 0.4x |
| Mon, 06 Nov 2023 | R189.6b | R409.3b | R25.4b | 5.7x | 7.5x | 0.5x |
| Wed, 04 Oct 2023 | R186.5b | R409.0b | R25.5b | 5.5x | 7.3x | 0.5x |
| Fri, 01 Sep 2023 | R194.4b | R394.0b | R24.7b | 5.7x | 7.9x | 0.5x |
| Sun, 30 Jul 2023 | R191.3b | R410.6b | R27.5b | 5.7x | 7x | 0.5x |
| Tue, 27 Jun 2023 | R182.2b | R410.6b | R27.6b | 5.7x | 6.6x | 0.4x |
| Thu, 25 May 2023 | R175.4b | R406.5b | R26.9b | 5.7x | 6.5x | 0.4x |
| Sat, 22 Apr 2023 | R180.1b | R401.0b | R25.5b | 5.7x | 7.1x | 0.4x |
Price to Earnings Ratio
7.1x
Current Industry PE
- Investors are optimistic on the South African Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.4x which is higher than its 3-year average PE of 8.1x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 15% per year over the last three years,
- Revenues have also declined 4.0% 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 Industrials sector?
| ZA Market | -0.22% | |
| Industrials | 0.66% | |
| Transportation | 5.75% | |
| Building | 5.39% | |
| Machinery | 5.18% | |
| Infrastructure | 3.78% | |
| Logistics | 1.75% | |
| Professional Services | 0.83% | |
| Industrials | 0.39% | |
| Aerospace & Defense | 0% | 0 |
| Marine and Shipping | 0% | 0 |
| Trade Distributors | -0.048% | |
| Construction | -1.51% | |
| Electrical | -4.43% | |
| Commercial Services | -4.91% | |
Industry PE
- Investors are most optimistic about the Professional Services 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.
Forecasted Growth
- Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 6.3% per year.
- In contrast, the Infrastructure industry is expected to see its earnings decline by 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GND Grindrod | R20.59 | 3.8% +R500.5m | 79.4% | PE6.6x | |
| HCI Hosken Consolidated Investments | R170.00 | 2.9% +R348.4m | 30.6% | PE7.8x | |
| BEL Bell Equipment | R41.00 | 5.2% +R193.1m | 6.8% | PE10.2x | |
| FTH Frontier Transport Holdings | R6.39 | 8.3% +R145.0m | 1.4% | PE5.3x | |
| KAP KAP | R2.20 | 2.3% +R125.4m | -13.4% | PE43.8x |