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Zambian (LSE) Financials Sector Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies5
  • 7D16.1%
  • 3M15.8%
  • 1Y27.2%
  • YTD16.8%

The Financials industry is up 16% in the last week, with Zambia National Commercial Bank up 23%. This takes the industry's 12 month performance to a gain of 27%.

Sector Valuation and Performance

Has the Zambian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026ZK14.6bZK8.2bZK2.2b5.7x6.7x1.8x
Wed, 14 Jan 2026ZK14.4bZK7.6bZK2.0b5.2x7.4x1.9x
Fri, 12 Dec 2025ZK13.1bZK7.6bZK2.0b5.3x6.7x1.7x
Sun, 09 Nov 2025ZK13.3bZK7.6bZK2.0b5.3x6.8x1.8x
Tue, 07 Oct 2025ZK13.5bZK7.3bZK2.2b4.7x6.2x1.9x
Thu, 04 Sep 2025ZK13.6bZK7.3bZK2.2b4.7x6.3x1.9x
Sat, 02 Aug 2025ZK12.7bZK7.1bZK2.1b4.6x6x1.8x
Mon, 30 Jun 2025ZK12.8bZK7.2bZK2.2b4.3x5.9x1.8x
Wed, 28 May 2025ZK11.5bZK7.0bZK2.1b4.5x5.5x1.6x
Fri, 25 Apr 2025ZK11.5bZK6.8bZK2.1b4.5x5.6x1.7x
Sun, 23 Mar 2025ZK11.6bZK6.9bZK2.0b7.8x5.7x1.7x
Tue, 18 Feb 2025ZK12.0bZK7.5bZK2.0b7.8x6.1x1.6x
Thu, 16 Jan 2025ZK12.4bZK7.1bZK2.3b6.9x5.3x1.7x
Sat, 14 Dec 2024ZK14.2bZK7.1bZK2.3b7.8x6.1x2x
Mon, 11 Nov 2024ZK14.5bZK7.1bZK2.3b7.8x6.2x2x
Wed, 09 Oct 2024ZK14.0bZK7.1bZK2.3b7.8x6x2x
Fri, 06 Sep 2024ZK13.7bZK7.1bZK2.4b7.8x5.8x1.9x
Sun, 04 Aug 2024ZK14.8bZK7.1bZK2.4b8.1x6.3x2.1x
Tue, 02 Jul 2024ZK15.1bZK7.1bZK2.4b8.1x6.4x2.1x
Thu, 30 May 2024ZK15.4bZK7.1bZK2.4b8.1x6.5x2.2x
Sat, 27 Apr 2024ZK15.3bZK6.9bZK2.3b7.6x6.5x2.2x
Mon, 25 Mar 2024ZK15.0bZK7.1bZK2.1b20.8x7x2.1x
Wed, 21 Feb 2024ZK9.8bZK7.1bZK2.1b13.7x4.6x1.4x
Fri, 19 Jan 2024ZK8.8bZK6.1bZK1.8b10.9x4.8x1.4x
Sun, 17 Dec 2023ZK8.4bZK6.0bZK1.8b6.8x4.6x1.4x
Tue, 14 Nov 2023ZK8.4bZK6.0bZK1.8b6.8x4.6x1.4x
Thu, 12 Oct 2023ZK8.4bZK4.9bZK1.4b7.5x6x1.7x
Sat, 09 Sep 2023ZK7.9bZK4.9bZK1.4b7.3x5.6x1.6x
Mon, 07 Aug 2023ZK7.9bZK4.9bZK1.4b7.2x5.6x1.6x
Wed, 05 Jul 2023ZK8.0bZK4.5bZK1.4b1501.9x5.9x1.8x
Fri, 02 Jun 2023ZK8.0bZK6.0bZK1.7b7.1x4.7x1.3x
Sun, 30 Apr 2023ZK7.6bZK6.0bZK1.7b6.1x4.4x1.3x
Tue, 28 Mar 2023ZK6.6bZK6.0bZK1.7b4.7x3.9x1.1x
Thu, 23 Feb 2023ZK6.9bZK6.0bZK1.7b5.2x4x1.1x
Price to Earnings Ratio

4x


Total Market Cap: ZK6.9bTotal Earnings: ZK1.7bTotal Revenue: ZK6.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Zambian Financials Sector Price to Earnings3Y Average 5.7x202420252026
Current Industry PE
  • Investors are optimistic on the Zambian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.7x which is higher than its 3-year average PE of 5.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 8.4% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Zambian Financials sector?

ZM Market1.06%
Financials16.12%
Banks16.67%
Insurance1.72%
Diversified Financial0%0
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 33.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.6x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ZNCO Zambia National Commercial BankK7.4923.4%
+K2.1b		35.4%PB1.5x

Latest News

ZNCO
K7.49
Zambia National Commercial Bank
7D
23.4%
1Y
35.4%
SCBL
K1.98
Standard Chartered Bank Zambia
7D
-0.5%
1Y
7.6%