Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

South African (JSE) Market Analysis & Valuation

UpdatedJan 05, 2025
DataAggregated Company Financials
Companies214
  • 7D0.2%
  • 3M-1.5%
  • 1Y11.6%
  • YTD0.4%

The Information Technology sector gained 6.8% while the market remained flat over the last week. More promisingly, the market is up 12% over the past year. Earnings are forecast to grow by 19% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jan 2025R6.3tR5.3tR369.2b9.9x17x1.2x
Tue, 03 Dec 2024R6.3tR5.3tR351.4b10.1x18x1.2x
Thu, 31 Oct 2024R6.4tR5.1tR339.4b10.3x18.8x1.2x
Sat, 28 Sep 2024R6.4tR5.2tR333.8b10.3x19.3x1.2x
Mon, 26 Aug 2024R6.2tR5.2tR349.5b9.7x17.7x1.2x
Wed, 24 Jul 2024R5.9tR5.2tR421.2b9.2x14x1.1x
Fri, 21 Jun 2024R5.8tR5.1tR480.8b9x12.1x1.1x
Sun, 19 May 2024R5.8tR5.3tR431.3b8.6x13.3x1.1x
Tue, 16 Apr 2024R5.4tR5.3tR433.7b8.6x12.6x1x
Thu, 14 Mar 2024R5.5tR5.4tR453.8b8.5x12.1x1x
Sat, 10 Feb 2024R5.5tR5.3tR533.2b9.1x10.3x1x
Mon, 08 Jan 2024R5.7tR5.4tR541.2b9.5x10.5x1x
Wed, 06 Dec 2023R5.6tR5.5tR546.2b9.1x10.3x1x
Fri, 03 Nov 2023R5.4tR5.4tR542.7b8.9x10x1x
Sun, 01 Oct 2023R5.5tR5.5tR548.0b9.1x10x1x
Tue, 29 Aug 2023R5.9tR5.4tR585.3b8.8x10x1.1x
Thu, 27 Jul 2023R6.0tR5.3tR631.4b8.5x9.5x1.1x
Sat, 24 Jun 2023R5.8tR5.4tR631.0b8.3x9.1x1.1x
Mon, 22 May 2023R5.9tR5.4tR669.0b7.6x8.8x1.1x
Wed, 19 Apr 2023R6.2tR5.3tR657.7b8.1x9.4x1.2x
Fri, 17 Mar 2023R5.8tR5.3tR646.3b8.2x9x1.1x
Sun, 12 Feb 2023R6.3tR5.2tR658.7b8.6x9.6x1.2x
Tue, 10 Jan 2023R6.3tR5.2tR656.5b8.3x9.6x1.2x
Thu, 08 Dec 2022R6.1tR5.2tR657.2b8.6x9.3x1.2x
Sat, 05 Nov 2022R6.0tR5.2tR838.5b8.6x7.1x1.2x
Mon, 03 Oct 2022R5.5tR5.1tR837.9b8.5x6.6x1.1x
Wed, 31 Aug 2022R5.8tR5.4tR800.2b8.1x7.3x1.1x
Fri, 29 Jul 2022R5.9tR5.2tR768.2b8.6x7.7x1.1x
Sun, 26 Jun 2022R6.2tR5.2tR802.6b8.8x7.8x1.2x
Tue, 24 May 2022R6.4tR5.2tR790.9b9x8.1x1.2x
Thu, 21 Apr 2022R6.8tR5.1tR773.6b9.6x8.8x1.3x
Sat, 19 Mar 2022R7.3tR5.0tR767.0b10.2x9.5x1.4x
Mon, 14 Feb 2022R7.3tR5.1tR761.8b10.7x9.5x1.4x
Wed, 12 Jan 2022R7.0tR5.1tR767.1b10.7x9.1x1.4x
Price to Earnings Ratio

9.1x


Total Market Cap: R7.0tTotal Earnings: R767.1bTotal Revenue: R5.1tTotal Market Cap vs Earnings and Revenue0%0%0%
South African Market Price to Earnings3Y Average 10.8x202320242025
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 17.0x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
  • The earnings for South African listed companies have declined 22% 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 Market0.16%
Tech6.76%
Energy2.48%
Materials2.02%
Healthcare1.02%
Telecom0.68%
Real Estate0.40%
Financials0.17%
Utilities0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.28%
Industrials-0.73%
Consumer Discretionary-1.50%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 19.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 50.4% 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 50% over the next 5 years.
  • This is better than its past earnings decline of 3.1% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 8.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
GFI Gold FieldsR265.275.8%
+R13.0b		10.5%PE18.9xMaterials
SBK Standard Bank GroupR224.790.7%
+R2.6b		9.5%PB1.4xFinancials
SOL SasolR86.114.2%
+R2.2b		-53.5%PS0.2xMaterials
VOD Vodacom GroupR103.471.1%
+R2.2b		-2.0%PE13.6xTelecom
SLM SanlamR87.301.1%
+R1.9b		22.0%PE10.8xFinancials
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

Which Markets Will Sink Or Swim In 2025

Richard Bowman avatar
Richard Bowman
|
|

5 comments

First, let us say, Happy New Year! 2024 was a jam packed year, which no doubt kept a lot of us on our toes. So what does 2025 have in store for us...

Continue reading

7 Investing Lessons From 2024
Last Week

7 Investing Lessons From 2024

Latest News

FTA

R15.69

Fairvest

7D

-9.8%

1Y

8.1%

SBK

R224.79

Standard Bank Group

7D

0.7%

1Y

9.5%

SOL

R86.11

Sasol

7D

4.2%

1Y

-53.5%

Insufficient Growth At Sasol Limited (JSE:SOL) Hampers Share Price

Jan 03
Insufficient Growth At Sasol Limited (JSE:SOL) Hampers Share Price

GFI

R265.27

Gold Fields

7D

5.8%

1Y

10.5%

VOD

R103.47

Vodacom Group

7D

1.1%

1Y

-2.0%

Many Would Be Envious Of Vodacom Group's (JSE:VOD) Excellent Returns On Capital

Dec 27
Many Would Be Envious Of Vodacom Group's (JSE:VOD) Excellent Returns On Capital

NPN

R4,142.07

Naspers

7D

-2.5%

1Y

34.5%

Is Naspers (JSE:NPN) Using Too Much Debt?

Dec 27
Is Naspers (JSE:NPN) Using Too Much Debt?

NED

R284.75

Nedbank Group

7D

1.2%

1Y

36.0%

If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

Dec 23
If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

BID

R433.57

Bid

7D

-0.6%

1Y

3.8%

Return Trends At Bid (JSE:BID) Aren't Appealing

Dec 20
Return Trends At Bid (JSE:BID) Aren't Appealing

CPI

R3,136.55

Capitec Bank Holdings

7D

-0.9%

1Y

59.6%

FSR

R77.17

FirstRand

7D

0.4%

1Y

8.6%

With EPS Growth And More, FirstRand (JSE:FSR) Makes An Interesting Case

Dec 17
With EPS Growth And More, FirstRand (JSE:FSR) Makes An Interesting Case

OUT

R65.50

OUTsurance Group

7D

-3.2%

1Y

58.9%

If EPS Growth Is Important To You, OUTsurance Group (JSE:OUT) Presents An Opportunity

Dec 05
If EPS Growth Is Important To You, OUTsurance Group (JSE:OUT) Presents An Opportunity

HAR

R158.65

Harmony Gold Mining

7D

1.4%

1Y

42.3%

REM

R153.57

Remgro

7D

-0.8%

1Y

-1.9%

BVT

R265.80

Bidvest Group

7D

-1.1%

1Y

10.8%

The Bidvest Group Limited's (JSE:BVT) CEO Compensation Is Looking A Bit Stretched At The Moment

Nov 22
The Bidvest Group Limited's (JSE:BVT) CEO Compensation Is Looking A Bit Stretched At The Moment

SSW

R15.75

Sibanye Stillwater

7D

-1.7%

1Y

-34.1%

SLM

R87.30

Sanlam

7D

1.1%

1Y

22.0%

Here's Why We Think Sanlam (JSE:SLM) Is Well Worth Watching

Nov 04
Here's Why We Think Sanlam (JSE:SLM) Is Well Worth Watching