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

South African (JSE) Market Analysis & Valuation

UpdatedMay 14, 2025
DataAggregated Company Financials
Companies213
  • 7D0.2%
  • 3M4.1%
  • 1Y17.8%
  • YTD6.7%

The Consumer Discretionary sector gained 4.4% while the market remained flat over the last week. As for the longer term, the market has risen 18% in the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Market Valuation and Performance

Has the South African Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 May 2025R6.6tR5.3tR422.5b8.8x15.7x1.2x
Fri, 11 Apr 2025R6.2tR5.4tR430.1b8.3x14.4x1.2x
Sun, 09 Mar 2025R6.4tR5.3tR419.4b9x15.3x1.2x
Tue, 04 Feb 2025R6.3tR5.3tR369.7b9.6x17x1.2x
Thu, 02 Jan 2025R6.2tR5.3tR370.0b10.2x16.8x1.2x
Sat, 30 Nov 2024R6.2tR5.3tR350.3b10.1x17.8x1.2x
Mon, 28 Oct 2024R6.4tR5.1tR339.6b10.5x18.8x1.2x
Wed, 25 Sep 2024R6.3tR5.2tR334.4b10.1x18.8x1.2x
Fri, 23 Aug 2024R6.1tR5.2tR352.1b9.6x17.4x1.2x
Sun, 21 Jul 2024R5.8tR5.2tR421.7b9.4x13.8x1.1x
Tue, 18 Jun 2024R5.6tR5.2tR433.4b8.6x12.8x1.1x
Thu, 16 May 2024R5.7tR5.3tR432.2b8.7x13.3x1.1x
Sat, 13 Apr 2024R5.5tR5.3tR433.1b8.6x12.7x1x
Mon, 11 Mar 2024R5.5tR5.3tR448.7b8.6x12.2x1x
Wed, 07 Feb 2024R5.6tR5.3tR534.9b9x10.5x1.1x
Fri, 05 Jan 2024R5.7tR5.4tR541.3b9.4x10.5x1x
Sun, 03 Dec 2023R5.6tR5.4tR545.2b9.1x10.3x1x
Tue, 31 Oct 2023R5.3tR5.5tR545.5b8.7x9.7x1x
Thu, 28 Sep 2023R5.5tR5.5tR552.2b9x9.9x1x
Sat, 26 Aug 2023R5.8tR5.4tR596.0b8.5x9.7x1.1x
Mon, 24 Jul 2023R6.0tR5.4tR654.4b8.5x9.1x1.1x
Wed, 21 Jun 2023R6.0tR5.4tR636.1b8.4x9.4x1.1x
Fri, 19 May 2023R5.8tR5.4tR671.1b7.8x8.7x1.1x
Sun, 16 Apr 2023R6.2tR5.3tR656.6b8.4x9.4x1.2x
Tue, 14 Mar 2023R6.0tR5.2tR647.2b8.4x9.3x1.2x
Thu, 09 Feb 2023R6.4tR5.2tR661.4b8.4x9.7x1.2x
Sat, 07 Jan 2023R6.2tR5.2tR658.0b8.3x9.4x1.2x
Mon, 05 Dec 2022R6.0tR5.2tR658.8b8.3x9.2x1.2x
Wed, 02 Nov 2022R5.8tR5.2tR842.6b8.6x6.9x1.1x
Fri, 30 Sep 2022R5.5tR5.1tR835.3b8.4x6.6x1.1x
Sun, 28 Aug 2022R6.0tR5.3tR801.1b8.5x7.5x1.1x
Tue, 26 Jul 2022R5.9tR5.3tR787.7b8.6x7.4x1.1x
Thu, 23 Jun 2022R6.1tR5.2tR804.3b8.8x7.6x1.2x
Sat, 21 May 2022R6.3tR5.2tR794.8b9.1x8x1.2x
Price to Earnings Ratio

8x


Total Market Cap: R6.3tTotal Earnings: R794.8bTotal Revenue: R5.2tTotal Market Cap vs Earnings and Revenue0%0%0%
South African Market Price to Earnings3Y Average 11.6x202320242025
Current Market PE
  • Investors are optimistic on the South African market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.7x which is higher than its 3-year average PE of 11.6x.
Past Earnings Growth
  • The earnings for South African listed companies have declined 19% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the South African Market?

ZA Market0.25%
Consumer Discretionary4.37%
Tech3.06%
Financials2.42%
Healthcare2.36%
Utilities0%0
Industrials-0.62%
Consumer Staples-0.72%
Real Estate-1.22%
Energy-1.88%
Telecom-2.09%
Materials-6.20%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 22.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 41.9% which is higher than its past year's earnings decline of 3.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 3.1% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
NPN NaspersR5.34k5.1%
+R41.5b		33.4%PE13.5xConsumer Discretionary
CPI Capitec Bank HoldingsR3.50k3.4%
+R13.2b		53.4%PB8xFinancials
SBK Standard Bank GroupR233.273.1%
+R11.6b		25.4%PB1.4xFinancials
FSR FirstRandR74.102.8%
+R11.2b		11.8%PE10.4xFinancials
SLM SanlamR86.933.3%
+R5.8b		23.4%PE9.6xFinancials
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Buffett Steps Down - The Lessons And Legacy Of The G.O.A.T.

Richard Bowman avatar
Richard Bowman
|
|

5 comments

The time has come. The G.O.A.T. is retiring. Warren Buffett’s decision to step down as CEO of Berkshire Hathaway marks the end of an era - 60 years, to be precise.
Continue reading
📈 Investing In Innovation to Beat Stagflation
Last Week

📈 Investing In Innovation to Beat Stagflation

Latest News

BOX

R62.64

Boxer Retail

7D

-10.3%

1Y

n/a

IMP

R109.03

Impala Platinum Holdings

7D

-4.2%

1Y

10.1%

We Think Impala Platinum Holdings (JSE:IMP) Can Stay On Top Of Its Debt

May 12
We Think Impala Platinum Holdings (JSE:IMP) Can Stay On Top Of Its Debt

CPI

R3,497.04

Capitec Bank Holdings

7D

3.4%

1Y

53.4%

NED

R256.33

Nedbank Group

7D

4.2%

1Y

10.1%

VOD

R130.94

Vodacom Group

7D

-4.1%

1Y

47.1%

Vodacom Group Limited's (JSE:VOD) Price Is Out Of Tune With Earnings

May 09
Vodacom Group Limited's (JSE:VOD) Price Is Out Of Tune With Earnings

HAR

R264.72

Harmony Gold Mining

7D

-11.3%

1Y

53.7%

GFI

R371.65

Gold Fields

7D

-12.0%

1Y

19.9%

SOL

R68.75

Sasol

7D

10.8%

1Y

-48.2%

Is Sasol (JSE:SOL) Using Too Much Debt?

May 01
Is Sasol (JSE:SOL) Using Too Much Debt?

SBK

R233.27

Standard Bank Group

7D

3.1%

1Y

25.4%

SSW

R21.26

Sibanye Stillwater

7D

-3.8%

1Y

-5.2%

NPN

R5,337.22

Naspers

7D

5.1%

1Y

33.4%

author-image

AI-Driven E-commerce And Capital Investments Will Transform Operations

Apr 26 Strategic investments in competitive regions and AI-driven innovations aim to enhance revenue, net margins, and operational efficiency.

FSR

R74.10

FirstRand

7D

2.8%

1Y

11.8%

Is Now The Time To Put FirstRand (JSE:FSR) On Your Watchlist?

Apr 13
Is Now The Time To Put FirstRand (JSE:FSR) On Your Watchlist?

SLM

R86.93

Sanlam

7D

3.3%

1Y

23.4%

AMS

R610.00

Anglo American Platinum

7D

-5.6%

1Y

-14.9%

SHP

R278.94

Shoprite Holdings

7D

-1.6%

1Y

7.7%

INL

R118.62

Investec Group

7D

4.8%

1Y

-5.3%