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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies37
  • 7D-1.8%
  • 3M25.7%
  • 1Y22.1%
  • YTD23.6%

Over the last 7 days, the market has dropped 1.8%, driven by a pullback of 15% in the Materials sector. On the other hand, the Financials has risen by 7.8%. In contrast to the last week, the market is actually up 22% over the past year.

Market Valuation and Performance

Has the Zimbabwean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025Z$74.9bZ$71.4bZ$7.6b289.8x9.8x1x
Thu, 13 Nov 2025Z$65.4bZ$65.2bZ$6.1b370.7x10.8x1x
Sat, 11 Oct 2025Z$56.8bZ$70.1bZ$8.3b329.1x6.8x0.8x
Mon, 08 Sep 2025Z$63.8bZ$77.0bZ$8.1b1120.3x7.9x0.8x
Wed, 06 Aug 2025Z$154.5bZ$74.7bZ$8.5b1199.3x18.3x2.1x
Fri, 04 Jul 2025Z$19.1bZ$4.5bZ$3.5b1181.9x5.4x4.2x
Sun, 01 Jun 2025Z$19.5bZ$1.3bZ$1.6b1229.4x12.3x14.7x
Tue, 29 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Thu, 27 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 22 Feb 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 20 Jan 2025Z$19.4bZ$810.1bZ$91.4b0.2x0.2x0.02x
Wed, 18 Dec 2024Z$20.2bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 15 Nov 2024Z$27.9bZ$993.6bZ$87.3b0.3x0.3x0.03x
Sun, 13 Oct 2024Z$26.9bZ$986.0bZ$80.0b0.4x0.3x0.03x
Tue, 10 Sep 2024Z$22.0bZ$986.7bZ$80.2b0.6x0.3x0.02x
Thu, 08 Aug 2024Z$21.2bZ$986.7bZ$80.2b0.6x0.3x0.02x
Sat, 06 Jul 2024Z$14.5bZ$1.0tZ$80.2b0.4x0.2x0.01x
Mon, 03 Jun 2024Z$11.2bZ$1.0tZ$80.2b0.3x0.1x0.01x
Wed, 01 May 2024Z$10.4bZ$2.3tZ$382.6b0.03x0.03x0.004x
Fri, 29 Mar 2024Z$23.9tZ$1.9tZ$382.6b63.6x62.4x12.7x
Sun, 25 Feb 2024Z$11.4tZ$1.9tZ$383.0b27.7x29.9x6.1x
Tue, 23 Jan 2024Z$11.2tZ$1.5tZ$348.2b30.9x32.2x7.3x
Thu, 21 Dec 2023Z$4.9tZ$1.5tZ$348.2b30.9x14.1x3.2x
Sat, 18 Nov 2023Z$985.7bZ$413.7bZ$13.1b41.8x75x2.4x
Mon, 16 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x77.5x3.4x
Wed, 13 Sep 2023Z$912.5bZ$305.0bZ$13.0b31.2x70.3x3x
Fri, 11 Aug 2023Z$835.9bZ$305.0bZ$13.0b25.1x64.4x2.7x
Sun, 09 Jul 2023Z$967.7bZ$305.0bZ$13.0b23.6x74.5x3.2x
Tue, 06 Jun 2023Z$769.2bZ$235.7bZ$17.9b30.9x43.1x3.3x
Thu, 04 May 2023Z$490.7bZ$235.2bZ$17.9b43.8x27.4x2.1x
Sat, 01 Apr 2023Z$469.1bZ$226.8bZ$17.6b30.9x26.6x2.1x
Mon, 27 Feb 2023Z$453.8bZ$226.8bZ$17.6b30.9x25.7x2x
Wed, 25 Jan 2023Z$376.3bZ$185.8bZ$15.3b33.6x24.6x2x
Fri, 23 Dec 2022Z$326.7bZ$186.2bZ$13.2b23.3x24.7x1.8x
Price to Earnings Ratio

24.7x


Total Market Cap: Z$326.7bTotal Earnings: Z$13.2bTotal Revenue: Z$186.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 23.1x202320242025
Current Market PE
  • Investors are pessimistic on the Zimbabwean market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 23.1x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 17% per year over the last three years.
  • Revenues have also declined 27% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Zimbabwean Market?

ZW Market-1.85%
Financials7.79%
Consumer Staples3.77%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-2.07%
Materials-15.44%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 104x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
DLTA DeltaUS$19.075.7%
+US$1.4b
34.3%PE1309.1xConsumer Staples
PROL ProplasticsUS$1.0011.1%
+US$26.0m
-51.2%PE22.6xIndustrials
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