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

Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.8%
  • 3M25.2%
  • 1Y25.6%
  • YTD23.1%

The Materials sector gained 5.0% while the market remained flat over the last week. As for the longer term, the market has risen 26% in the past 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Dec 2025Z$74.6bZ$71.4bZ$7.6b310.8x9.8x1x
Thu, 20 Nov 2025Z$51.5bZ$70.8bZ$7.7b458.8x6.7x0.7x
Sat, 18 Oct 2025Z$60.4bZ$66.7bZ$8.2b382x7.3x0.9x
Mon, 15 Sep 2025Z$63.9bZ$77.4bZ$8.9b1123.7x7.1x0.8x
Wed, 13 Aug 2025Z$153.5bZ$75.7bZ$8.3b1200.1x18.6x2x
Fri, 11 Jul 2025Z$18.9bZ$4.5bZ$3.5b1173.1x5.4x4.2x
Sun, 08 Jun 2025Z$19.3bZ$4.5bZ$3.5b1146.9x5.5x4.3x
Tue, 06 May 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Thu, 03 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 01 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 27 Jan 2025Z$19.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Wed, 25 Dec 2024Z$20.1bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 22 Nov 2024Z$29.1bZ$993.6bZ$87.3b0.3x0.3x0.03x
Sun, 20 Oct 2024Z$28.6bZ$986.0bZ$80.0b0.4x0.4x0.03x
Tue, 17 Sep 2024Z$29.7bZ$986.7bZ$80.2b0.8x0.4x0.03x
Thu, 15 Aug 2024Z$21.1bZ$986.7bZ$80.2b0.6x0.3x0.02x
Sat, 13 Jul 2024Z$18.6bZ$1.0tZ$80.2b0.5x0.2x0.02x
Mon, 10 Jun 2024Z$11.6bZ$1.0tZ$80.2b0.3x0.1x0.01x
Wed, 08 May 2024Z$10.3bZ$2.3tZ$382.6b0.03x0.03x0.004x
Fri, 05 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.4x13.1x
Sun, 03 Mar 2024Z$13.2tZ$1.9tZ$383.0b31.9x34.3x7x
Tue, 30 Jan 2024Z$13.5tZ$1.5tZ$348.2b33.8x38.7x8.8x
Thu, 28 Dec 2023Z$5.1tZ$1.5tZ$348.2b30.9x14.8x3.4x
Sat, 25 Nov 2023Z$979.0bZ$413.7bZ$13.1b39x74.5x2.4x
Mon, 23 Oct 2023Z$1.0tZ$305.6bZ$13.4b42.7x75.8x3.3x
Wed, 20 Sep 2023Z$916.6bZ$305.0bZ$13.0b31.2x70.6x3x
Fri, 18 Aug 2023Z$857.8bZ$305.0bZ$13.0b26.5x66.1x2.8x
Sun, 16 Jul 2023Z$877.4bZ$305.0bZ$13.0b24.6x67.6x2.9x
Tue, 13 Jun 2023Z$930.7bZ$288.8bZ$10.8b24.1x86.2x3.2x
Thu, 11 May 2023Z$581.9bZ$235.2bZ$17.9b56.7x32.5x2.5x
Sat, 08 Apr 2023Z$462.9bZ$226.8bZ$17.6b30.9x26.3x2x
Mon, 06 Mar 2023Z$453.2bZ$226.8bZ$17.6b30.9x25.7x2x
Wed, 01 Feb 2023Z$380.5bZ$185.8bZ$15.3b29.5x24.8x2x
Fri, 30 Dec 2022Z$336.8bZ$186.2bZ$13.2b25.6x25.4x1.8x
Price to Earnings Ratio

25.4x


Total Market Cap: Z$336.8bTotal Earnings: Z$13.2bTotal Revenue: Z$186.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 23x202320242025
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 23.0x.
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-0.82%
Materials4.99%
Consumer Staples0.53%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-0.20%
Financials-2.52%
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 105x.
    • 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$19.411.9%
+US$468.1m		36.4%PE1333.1xConsumer Staples
NPKZ Nampak ZimbabweUS$0.807.6%
+US$42.8m		-38.5%PE599.5xMaterials
ZSEH Zimbabwe Stock Exchange HoldingsUS$0.9910.4%
+US$9.6m		n/an/aFinancials
See more

Market Insights

Header cover image
Three Sectors Expected to Rally in 2026 📈
With the backdrop of consistently strong broad market returns over the last few years, analysts are now looking at sector-specific plays that could outperform in 2026.
Continue reading
🤖 AI Companies Hit The Bond Market
Last Week

🤖 AI Companies Hit The Bond Market

Latest News

ZSEH
US$0.99
Zimbabwe Stock Exchange Holdings
7D
10.4%
1Y
n/a
NPKZ
US$0.80
Nampak Zimbabwe
7D
7.6%
1Y
-38.5%
PROL
US$0.98
Proplastics
7D
-2.3%
1Y
-43.9%
DLTA
US$19.41
Delta
7D
1.9%
1Y
36.4%