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

Investors are pessimistic on the South African Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 8.0x which is lower than its 3-year average PE of 24.3x. The industry is trading close to its 3-year average PS ratio of 0.20x.

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

There are no additional sub-industries under this industry.

South African (JSE) Construction Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 10 Aug 2026	R17.8b	R86.1b	R2.2b	6.8x	8x	0.2x
Wed, 08 Jul 2026	R19.5b	R85.7b	R2.2b	7.4x	8.7x	0.2x
Fri, 05 Jun 2026	R19.5b	R86.6b	R2.2b	7.3x	8.8x	0.2x
Sun, 03 May 2026	R18.8b	R78.6b	R1.5b	8.3x	12.7x	0.2x
Tue, 31 Mar 2026	R17.2b	R78.0b	R1.5b	7.6x	11.5x	0.2x
Thu, 26 Feb 2026	R21.5b	R77.4b	R1.5b	9.4x	14x	0.3x
Sat, 24 Jan 2026	R18.6b	R78.7b	R1.2b	8.1x	15.5x	0.2x
Mon, 22 Dec 2025	R16.8b	R78.6b	R1.2b	7.3x	14x	0.2x
Wed, 19 Nov 2025	R15.2b	R78.8b	R1.2b	6.6x	12.7x	0.2x
Fri, 17 Oct 2025	R16.5b	R79.1b	R1.3b	7x	13.2x	0.2x
Sun, 14 Sep 2025	R16.2b	R79.9b	R1.2b	6.8x	13.2x	0.2x
Tue, 12 Aug 2025	R17.6b	R83.9b	R2.1b	7.9x	8.6x	0.2x
Thu, 10 Jul 2025	R18.4b	R84.1b	R2.1b	8.2x	8.9x	0.2x
Sat, 07 Jun 2025	R19.4b	R83.9b	R2.1b	8.6x	9.4x	0.2x
Mon, 05 May 2025	R19.1b	R83.6b	R2.0b	8.8x	9.6x	0.2x
Wed, 02 Apr 2025	R19.0b	R82.9b	R2.0b	8.7x	9.6x	0.2x
Fri, 28 Feb 2025	R18.5b	R81.3b	R1.9b	8.9x	9.8x	0.2x
Sun, 26 Jan 2025	R22.4b	R96.4b	R2.2b	8.9x	10.2x	0.2x
Tue, 24 Dec 2024	R23.0b	R96.3b	R2.2b	9.4x	10.5x	0.2x
Thu, 21 Nov 2024	R22.6b	R96.9b	R2.2b	9.4x	10.3x	0.2x
Sat, 19 Oct 2024	R23.4b	R94.5b	R2.0b	11.3x	11.5x	0.2x
Mon, 16 Sep 2024	R22.6b	R94.8b	R2.0b	11.1x	11x	0.2x
Wed, 14 Aug 2024	R19.4b	R91.9b	R438.0m	9.6x	44.3x	0.2x
Fri, 12 Jul 2024	R19.0b	R91.9b	R438.0m	9.6x	43.4x	0.2x
Sun, 09 Jun 2024	R16.2b	R91.9b	R438.0m	8.2x	37x	0.2x
Tue, 07 May 2024	R14.0b	R90.9b	R349.2m	7.5x	40.2x	0.2x
Thu, 04 Apr 2024	R13.6b	R90.9b	R349.2m	7.3x	39x	0.1x
Sat, 02 Mar 2024	R13.4b	R87.2b	R255.7m	7.2x	52.5x	0.2x
Mon, 29 Jan 2024	R13.6b	R81.5b	R248.7m	7.3x	54.7x	0.2x
Wed, 27 Dec 2023	R13.4b	R81.5b	R248.7m	7.3x	54.1x	0.2x
Fri, 24 Nov 2023	R12.4b	R81.5b	R248.7m	6.8x	49.7x	0.2x
Sun, 22 Oct 2023	R11.6b	R80.4b	R194.3m	6.6x	59.8x	0.1x
Tue, 19 Sep 2023	R12.2b	R80.4b	R194.3m	6.9x	62.9x	0.2x
Thu, 17 Aug 2023	R12.9b	R92.8b	R1.9b	6.8x	6.9x	0.1x


ZA Market	4.38%
Industrials	-0.11%
Construction	0.57%
Construction and Engineering	0.57%

	Company	Last Price	7D	1Y	Valuation
	RBX Raubex Group	R44.13	1.6% +R126.3m	-2.5%	PE7.2x
	AEG Aveng	R4.40	5.0% +R27.5m	-23.9%	PS0.02x

Announcement • Aug 02

Raubex Group Limited Announces Management Changes

Raubex Group Limited announced that Dirk Lourens will take early retirement and step down as Chief Operating Officer and Executive Director of the Board of Raubex, effective August 31, 2026. Dirk joined Raubex in July 2012 and played a pivotal role in establishing and developing Raubex Infra (Pty) Ltd. His operational leadership, commercial acumen, and deep understanding of the construction and infrastructure sectors contributed meaningfully to strengthening the Group's position in the South African infrastructure market. Dirk was appointed Divisional Managing Director of the Infrastructure Division in May 2017, and effective 1 August 2022, he assumed the role of Chief Operating Officer. Over more than fourteen years of service, Dirk made a significant contribution to Raubex, progressing from divisional leadership to one of the Group's most senior executive roles. His legacy includes the establishment and growth of key operational platforms, the mentoring of future leaders, and the strengthening of operational governance and execution across the Group. Dirk will remain involved with Raubex as Executive Advisor: Operations for the period from 1 September 2026 to 31 May 2027. In this role, he will support the handover to the incoming Chief Operating Officer and focus on urgent and impactful business priorities, including a defined set of priority initiatives. The Board has appointed Jacob (Jaco) van der Bijl as Chief Operating Officer and Executive Director of the Board of Raubex, effective September 1, 2026. Jaco began his career in 1990 as a student engineer at Murray & Roberts and has more than 36 years of experience in the construction sector. He joined the Raubex Group in 2013 and has built a distinguished track record within the Roads and Earthworks Division, including as Managing Director of Roadmac Surfacing. His operational experience, technical expertise, and commercial leadership have established him as a respected leader within the Group's road construction and surfacing operations. Effective 1 June 2022, Jaco was appointed Divisional Managing Director of the Roads & Earthworks Division, assuming responsibility for one of Raubex's largest and most strategically important operating divisions. Since his appointment, he has played a significant role in strengthening the division's operational performance, market position, and long-term sustainability. Under Jaco's leadership, the Roads & Earthworks Division has continued to strengthen its reputation as a leading provider of road construction, rehabilitation, surfacing, and related infrastructure services, with a clear focus on operational excellence, disciplined project execution, safety, innovation, and client service delivery. He has also contributed to building a strong management team within the division, fostering accountability, continuous improvement, and succession development. His appointment as Chief Operating Officer reflects the Board's confidence in his leadership capabilities and his contribution to the Group's ongoing success. Jaco holds a National Higher Diploma in Civil Engineering and is a Professional Construction Manager (Pr.CM) and Professional Construction Project Manager (Pr.CPM) registered with the South African Council for the Project and Construction Management Professions (SACPMP).

South African (JSE) Construction Industry Analysis

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Latest News

Raubex Group Limited Announces Management Changes

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