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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies36
  • 7D0.2%
  • 3M12.3%
  • 1Y89.7%
  • YTD25.9%

The market has been flat in the last week, however the Industrials sector is down 3.6%. More promisingly, the market is up 90% over the past year. Looking forward, 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
Wed, 08 Apr 2026Z$105.9bZ$70.4bZ$7.8b918.3x13.5x1.5x
Fri, 06 Mar 2026Z$105.5bZ$74.5bZ$7.8b12.7x13.5x1.4x
Sun, 01 Feb 2026Z$102.5bZ$74.5bZ$7.8b16.7x13.1x1.4x
Tue, 30 Dec 2025Z$77.2bZ$73.9bZ$7.8b17.8x9.8x1x
Thu, 27 Nov 2025Z$53.5bZ$70.8bZ$7.7b553.7x6.9x0.8x
Sat, 25 Oct 2025Z$62.4bZ$66.7bZ$8.2b378.8x7.6x0.9x
Mon, 22 Sep 2025Z$61.3bZ$77.3bZ$8.9b1123.3x6.9x0.8x
Wed, 20 Aug 2025Z$154.3bZ$76.4bZ$8.6b1222.8x18x2x
Fri, 18 Jul 2025Z$19.2bZ$4.5bZ$3.5b1175x5.4x4.3x
Sun, 15 Jun 2025Z$19.0bZ$4.5bZ$3.5b1022x5.4x4.2x
Tue, 13 May 2025Z$19.2bZ$1.3bZ$1.6b1200.4x12.1x14.5x
Thu, 10 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 08 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 03 Feb 2025Z$17.9bZ$269.0bZ$41.4b0.4x0.4x0.07x
Wed, 01 Jan 2025Z$19.8bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 29 Nov 2024Z$28.2bZ$993.6bZ$87.3b0.3x0.3x0.03x
Sun, 27 Oct 2024Z$30.8bZ$986.0bZ$80.0b0.4x0.4x0.03x
Tue, 24 Sep 2024Z$26.7bZ$986.0bZ$80.0b0.4x0.3x0.03x
Thu, 22 Aug 2024Z$20.6bZ$986.7bZ$80.2b0.6x0.3x0.02x
Sat, 20 Jul 2024Z$20.3bZ$1.0tZ$80.2b0.5x0.3x0.02x
Mon, 17 Jun 2024Z$12.6bZ$1.0tZ$80.2b0.4x0.2x0.01x
Wed, 15 May 2024Z$10.1bZ$2.3tZ$382.6b0.03x0.03x0.004x
Fri, 12 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Sun, 10 Mar 2024Z$12.8tZ$1.9tZ$383.0b31.5x33.3x6.8x
Tue, 06 Feb 2024Z$13.6tZ$1.4tZ$336.2b78.7x40.5x9.9x
Thu, 04 Jan 2024Z$6.1tZ$1.5tZ$348.2b30.9x17.6x4x
Sat, 02 Dec 2023Z$5.5tZ$1.5tZ$348.2b30.9x15.7x3.6x
Mon, 30 Oct 2023Z$1.0tZ$305.6bZ$13.4b42x76.8x3.4x
Wed, 27 Sep 2023Z$924.9bZ$305.6bZ$13.4b33.1x69x3x
Fri, 25 Aug 2023Z$863.6bZ$305.0bZ$13.0b27x66.5x2.8x
Sun, 23 Jul 2023Z$812.1bZ$305.0bZ$13.0b24.8x62.6x2.7x
Tue, 20 Jun 2023Z$864.8bZ$288.8bZ$10.8b23.4x80.1x3x
Thu, 18 May 2023Z$736.4bZ$235.2bZ$17.9b76.9x41.1x3.1x
Sat, 15 Apr 2023Z$399.0bZ$226.8bZ$17.6b30.9x22.6x1.8x
Price to Earnings Ratio

22.6x


Total Market Cap: Z$399.0bTotal Earnings: Z$17.6bTotal Revenue: Z$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 21.7x202420252026
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 13.5x which is lower than its 3-year average PE of 21.7x.
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 32% 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 Market0.24%
Consumer Staples0.75%
Financials0.14%
Materials0.11%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-3.60%
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 17% 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$26.710.6%
+US$214.6m		78.6%PE1834xConsumer Staples
PROL ProplasticsUS$1.520.7%
+US$2.6m		37.9%PE2201.7xIndustrials
NPKZ Nampak ZimbabweUS$0.750.1%
+US$755.6k		-34.7%PE2.7xMaterials
See more

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Latest News

PROL
US$1.52
Proplastics
7D
0.7%
1Y
37.9%
NPKZ
US$0.75
Nampak Zimbabwe
7D
0.1%
1Y
-34.7%
TNCI
US$0.12
TN CyberTech Investments Holdings
7D
-1.0%
1Y
-28.2%
DLTA
US$26.71
Delta
7D
0.6%
1Y
78.6%