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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies36
  • 7D4.5%
  • 3M37.8%
  • 1Y85.0%
  • YTD26.8%

The market has climbed 6.5% in the last 7 days, lead by the Consumer Staples sector with a gain of 6.2%. In contrast, the Industrials sector is lagging, dropping 7.6%. In the last year, the market has climbed 87%. Earnings are forecast to grow by 5.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026Z$105.1bZ$74.5bZ$7.8b15.5x13.4x1.4x
Sun, 22 Feb 2026Z$103.7bZ$74.5bZ$7.8b14.6x13.3x1.4x
Tue, 20 Jan 2026Z$105.2bZ$74.5bZ$7.8b16.3x13.5x1.4x
Thu, 18 Dec 2025Z$74.8bZ$71.4bZ$7.6b289.8x9.8x1x
Sat, 15 Nov 2025Z$52.5bZ$68.7bZ$8.3b414x6.3x0.8x
Mon, 13 Oct 2025Z$56.8bZ$66.7bZ$8.2b329.1x6.9x0.9x
Wed, 10 Sep 2025Z$64.0bZ$77.0bZ$8.1b1119.7x7.9x0.8x
Fri, 08 Aug 2025Z$156.4bZ$74.7bZ$8.5b1199.9x18.5x2.1x
Sun, 06 Jul 2025Z$19.1bZ$4.5bZ$3.5b1177.3x5.4x4.2x
Tue, 03 Jun 2025Z$19.5bZ$1.3bZ$1.6b1230.6x12.3x14.7x
Thu, 01 May 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 29 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 24 Feb 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Wed, 22 Jan 2025Z$19.3bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 20 Dec 2024Z$20.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Sun, 17 Nov 2024Z$28.0bZ$993.6bZ$87.3b0.3x0.3x0.03x
Tue, 15 Oct 2024Z$26.9bZ$986.0bZ$80.0b0.4x0.3x0.03x
Thu, 12 Sep 2024Z$26.6bZ$986.7bZ$80.2b0.7x0.3x0.03x
Sat, 10 Aug 2024Z$21.1bZ$986.7bZ$80.2b0.6x0.3x0.02x
Mon, 08 Jul 2024Z$14.5bZ$1.0tZ$80.2b0.4x0.2x0.01x
Wed, 05 Jun 2024Z$11.4bZ$1.0tZ$80.2b0.3x0.1x0.01x
Fri, 03 May 2024Z$10.4bZ$2.3tZ$382.6b0.03x0.03x0.004x
Sun, 31 Mar 2024Z$23.9tZ$1.9tZ$382.6b63.6x62.4x12.7x
Tue, 27 Feb 2024Z$11.5tZ$1.9tZ$383.0b28x30.1x6.1x
Thu, 25 Jan 2024Z$11.6tZ$1.5tZ$348.2b30.9x33.4x7.6x
Sat, 23 Dec 2023Z$5.1tZ$1.5tZ$348.2b30.9x14.8x3.4x
Mon, 20 Nov 2023Z$985.7bZ$413.7bZ$13.1b41.8x75x2.4x
Wed, 18 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x76.9x3.4x
Fri, 15 Sep 2023Z$965.5bZ$305.0bZ$13.0b31.2x74.4x3.2x
Sun, 13 Aug 2023Z$842.3bZ$305.0bZ$13.0b25.1x64.9x2.8x
Tue, 11 Jul 2023Z$977.6bZ$305.0bZ$13.0b24.8x75.3x3.2x
Thu, 08 Jun 2023Z$785.3bZ$288.8bZ$10.8b22.8x72.7x2.7x
Sat, 06 May 2023Z$523.9bZ$235.2bZ$17.9b48x29.2x2.2x
Mon, 03 Apr 2023Z$469.1bZ$226.8bZ$17.6b30.9x26.6x2.1x
Price to Earnings Ratio

26.6x


Total Market Cap: Z$469.1bTotal Earnings: Z$17.6bTotal Revenue: Z$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 21.9x202420252026
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 13.6x which is lower than its 3-year average PE of 21.9x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 24% per year over the last three years.
  • Revenues have also declined 31% 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 Market4.49%
Financials7.01%
Consumer Staples2.79%
Materials1.30%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-4.69%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 272x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 5.0% over the next 5 years.
  • This is better than its past earnings decline of 42% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 5.0% 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
DLTA DeltaUS$27.063.4%
+US$1.2b		77.2%PE1858.4xConsumer Staples
ZSEH Zimbabwe Stock Exchange HoldingsUS$1.3558.3%
+US$51.1m		n/an/aFinancials
See more

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Latest News

ZSEH
US$1.35
Zimbabwe Stock Exchange Holdings
7D
58.3%
1Y
n/a
TNCI
US$0.12
TN CyberTech Investments Holdings
7D
-4.4%
1Y
-31.5%
DLTA
US$27.06
Delta
7D
3.4%
1Y
77.2%