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

South African (JSE) Tech Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.2%
  • 3M-6.9%
  • 1Y39.7%
  • YTD9.3%

Over the last 7 days, the Tech industry has dropped 1.2%, driven by a pullback from Altron of 2.5%. Over the past 12 months, the industry was up 40%. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025R26.9bR91.4bR1.1b11.6x24.8x0.3x
Wed, 13 Aug 2025R26.9bR92.3bR1.1b11.3x25.2x0.3x
Fri, 11 Jul 2025R29.4bR92.9bR1.1b12.8x27.3x0.3x
Sun, 08 Jun 2025R29.4bR92.9bR1.1b14x27.5x0.3x
Tue, 06 May 2025R27.3bR124.0bR1.2b12.6x23.2x0.2x
Thu, 03 Apr 2025R26.5bR127.0bR1.7b12.1x16x0.2x
Sat, 01 Mar 2025R23.7bR126.8bR1.5b11.8x15.9x0.2x
Mon, 27 Jan 2025R24.1bR125.7bR1.5b12.5x16.4x0.2x
Wed, 25 Dec 2024R23.2bR127.1bR1.3b12.2x18.5x0.2x
Fri, 22 Nov 2024R21.6bR124.5bR1.2b11.3x17.6x0.2x
Sun, 20 Oct 2024R20.0bR124.7bR684.9m15.8x29.2x0.2x
Tue, 17 Sep 2024R18.6bR125.7bR918.3m10.1x20.3x0.1x
Thu, 15 Aug 2024R19.0bR128.2bR939.4m9.6x20.2x0.1x
Sat, 13 Jul 2024R18.3bR127.6bR1.0b10.4x17.8x0.1x
Mon, 10 Jun 2024R17.9bR132.5bR1.1b10x16.7x0.1x
Wed, 08 May 2024R17.0bR132.7b-R750,730,333.0010x-22.6x0.1x
Fri, 05 Apr 2024R16.7bR134.0b-R758,722,652.509.2x-22x0.1x
Sun, 03 Mar 2024R21.4bR139.5b-R520,850,563.509.8x-41.1x0.2x
Tue, 30 Jan 2024R24.9bR162.2bR61.3m9.8x405.3x0.2x
Thu, 28 Dec 2023R24.1bR159.8bR70.0m9.3x343.5x0.2x
Sat, 25 Nov 2023R22.6bR162.3bR212.3m9.2x106.3x0.1x
Mon, 23 Oct 2023R21.6bR156.1bR23.9m9.4x906.4x0.1x
Wed, 20 Sep 2023R21.2bR149.6bR112.3m9.8x188.4x0.1x
Fri, 18 Aug 2023R21.4bR149.9bR82.6m9.4x258.7x0.1x
Sun, 16 Jul 2023R21.9bR144.5b-R386,460,567.0010.2x-56.6x0.2x
Tue, 13 Jun 2023R22.5bR146.2b-R309,978,554.0010.1x-72.6x0.2x
Thu, 11 May 2023R22.7bR141.7bR1.0b11.7x22x0.2x
Sat, 08 Apr 2023R24.3bR138.4bR1.0b11.6x24x0.2x
Mon, 06 Mar 2023R24.9bR138.0bR1.1b10.9x21.7x0.2x
Wed, 01 Feb 2023R24.4bR134.5bR1.1b11.7x21.7x0.2x
Fri, 30 Dec 2022R22.9bR132.0bR1.1b13x21.6x0.2x
Sun, 27 Nov 2022R25.5bR132.6bR923.2m12.3x27.6x0.2x
Tue, 25 Oct 2022R25.6bR140.0bR854.2m11.1x30x0.2x
Thu, 22 Sep 2022R26.8bR133.0bR723.4m11.3x37x0.2x
Price to Earnings Ratio

37x


Total Market Cap: R26.8bTotal Earnings: R723.4mTotal Revenue: R133.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 57x202320242025
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 24.8x which is lower than its 3-year average PE of 57.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.18x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% 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 Market1.12%
Tech-1.19%
Software2.27%
Communications0%0
Semiconductors0%0
Electronic Equipment and Components-0.38%
IT-2.11%
Tech Hardware-2.87%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 86.3x.
    • Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 45.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 18% 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
No data available

Latest News

MFL
R2.61
Metrofile Holdings
7D
-1.5%
1Y
23.7%
AEL
R17.94
Altron
7D
-3.3%
1Y
9.0%
AYO
R0.46
AYO Technology Solutions
7D
-11.5%
1Y
-16.4%

AYO Technology Solutions Limited's (JSE:AYO) 104% Share Price Surge Not Quite Adding Up

Aug 27
AYO Technology Solutions Limited's (JSE:AYO) 104% Share Price Surge Not Quite Adding Up
ISA
R1.80
ISA Holdings
7D
-5.3%
1Y
-14.7%

Why We're Not Concerned About ISA Holdings Limited's (JSE:ISA) Share Price

Aug 19
Why We're Not Concerned About ISA Holdings Limited's (JSE:ISA) Share Price
MST
R13.20
Mustek
7D
-2.9%
1Y
0.3%
DTC
R59.28
Datatec
7D
-1.0%
1Y
64.9%