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South African (JSE) Tech Sector Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies10
  • 7D-0.6%
  • 3M21.2%
  • 1Y37.4%
  • YTD34.0%

The Tech industry has stayed flat over the last week. As for the the longer term, the industry is up 37% over the past 12 months. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

Has the South African Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025R32.6bR87.7bR2.5b12.3x12.9x0.4x
Wed, 26 Nov 2025R32.2bR89.7bR2.5b11.6x12.7x0.4x
Fri, 24 Oct 2025R29.8bR90.8bR1.3b11.8x23.8x0.3x
Sun, 21 Sep 2025R27.5bR90.6bR1.1b12.9x24.1x0.3x
Tue, 19 Aug 2025R27.5bR92.5bR1.1b12x25.7x0.3x
Thu, 17 Jul 2025R29.0bR93.2bR1.1b12.4x26.8x0.3x
Sat, 14 Jun 2025R28.7bR93.4bR1.1b13.5x26.7x0.3x
Mon, 12 May 2025R27.8bR123.8bR1.2b13x23.7x0.2x
Wed, 09 Apr 2025R25.1bR131.7bR1.3b11x19.9x0.2x
Fri, 07 Mar 2025R24.0bR123.7bR1.4b11x17.1x0.2x
Sun, 02 Feb 2025R24.4bR127.1bR1.5b12.3x16.5x0.2x
Tue, 31 Dec 2024R23.8bR128.2bR1.3b12x18.8x0.2x
Thu, 28 Nov 2024R22.7bR125.0bR1.2b11.4x18.4x0.2x
Sat, 26 Oct 2024R20.6bR122.2bR972.9m15.1x21.2x0.2x
Mon, 23 Sep 2024R18.9bR123.9bR678.0m13.5x27.9x0.2x
Wed, 21 Aug 2024R19.3bR126.8bR927.4m10x20.8x0.2x
Fri, 19 Jul 2024R17.9bR129.2bR1.0b9.9x17.2x0.1x
Sun, 16 Jun 2024R17.7bR130.0bR1.1b10x16.9x0.1x
Tue, 14 May 2024R17.3bR131.9b-R746,691,277.5010.2x-23.2x0.1x
Thu, 11 Apr 2024R16.5bR134.2b-R757,781,839.5010.2x-21.8x0.1x
Sat, 09 Mar 2024R21.3bR136.9b-R599,930,395.0010.2x-35.4x0.2x
Mon, 05 Feb 2024R25.1bR162.8bR34.2m9.8x734.5x0.2x
Wed, 03 Jan 2024R24.0bR160.8bR66.5m9.7x361.6x0.1x
Fri, 01 Dec 2023R22.5bR162.4bR211.8m8.6x106.2x0.1x
Sun, 29 Oct 2023R21.2bR161.9bR182.8m9.1x116x0.1x
Tue, 26 Sep 2023R21.1bR148.5bR118.1m9.4x178.4x0.1x
Thu, 24 Aug 2023R21.5bR146.6bR101.5m9.4x211.6x0.1x
Sat, 22 Jul 2023R21.7bR143.8bR109.6m9.8x198.5x0.2x
Mon, 19 Jun 2023R23.0bR145.0b-R389,987,378.0010.6x-58.9x0.2x
Wed, 17 May 2023R21.7bR142.7bR1.0b11.9x20.8x0.2x
Fri, 14 Apr 2023R23.8bR137.6bR1.0b11.7x23.6x0.2x
Sun, 12 Mar 2023R24.7bR139.8bR1.1b10.6x21.7x0.2x
Tue, 07 Feb 2023R24.2bR135.8bR1.1b11.4x21.4x0.2x
Thu, 05 Jan 2023R22.6bR131.8bR1.1b13.1x21.4x0.2x
Price to Earnings Ratio

21.4x


Total Market Cap: R22.6bTotal Earnings: R1.1bTotal Revenue: R131.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 56x20242025
Current Industry PE
  • Investors are pessimistic on the South African Information Technology 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 12.9x which is lower than its 3-year average PE of 56.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.20x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 34% per year over the last three years.
  • Meanwhile revenues for these companies have declined 13% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South African Tech sector?

ZA Market1.10%
Tech-0.59%
Semiconductors14.29%
Communications0%0
IT-0.23%
Software-0.43%
Tech Hardware-0.90%
Electronic Equipment and Components-0.91%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 2.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 16% 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
4SI 4Sight HoldingsR0.752.7%
+R10.7m
7.1%PE8.2x

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