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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies4
  • 7D0.07%
  • 3M-13.2%
  • 1Y9.4%
  • YTD-9.6%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 8.9% in that time. More promisingly, the market is up 9.4% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Jul 2025Z$19.0bZ$4.5bZ$3.5b1175.2x5.4x4.2x
Fri, 06 Jun 2025Z$19.5bZ$1.3bZ$1.6b1229.3x12.3x14.7x
Sun, 04 May 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Tue, 01 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Thu, 27 Feb 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 25 Jan 2025Z$19.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Mon, 23 Dec 2024Z$20.1bZ$810.1bZ$91.4b0.2x0.2x0.02x
Wed, 20 Nov 2024Z$29.1bZ$993.6bZ$87.3b0.3x0.3x0.03x
Fri, 18 Oct 2024Z$28.6bZ$986.0bZ$80.0b0.4x0.4x0.03x
Sun, 15 Sep 2024Z$29.3bZ$986.7bZ$80.2b0.8x0.4x0.03x
Tue, 13 Aug 2024Z$21.1bZ$986.7bZ$80.2b0.6x0.3x0.02x
Thu, 11 Jul 2024Z$18.4bZ$1.0tZ$80.2b0.5x0.2x0.02x
Sat, 08 Jun 2024Z$11.6bZ$1.0tZ$80.2b0.3x0.1x0.01x
Mon, 06 May 2024Z$10.4bZ$2.3tZ$382.6b0.03x0.03x0.004x
Wed, 03 Apr 2024Z$23.9tZ$1.9tZ$382.6b63.3x62.5x12.7x
Fri, 01 Mar 2024Z$13.4tZ$1.9tZ$383.0b32.6x34.9x7.1x
Sun, 28 Jan 2024Z$12.6tZ$1.5tZ$348.2b31.9x36.3x8.3x
Tue, 26 Dec 2023Z$5.1tZ$1.5tZ$348.2b30.9x14.8x3.4x
Thu, 23 Nov 2023Z$985.7bZ$413.7bZ$13.1b41.8x75x2.4x
Sat, 21 Oct 2023Z$1.0tZ$305.6bZ$13.4b42.7x75.8x3.3x
Mon, 18 Sep 2023Z$961.5bZ$305.0bZ$13.0b31.2x74.1x3.2x
Wed, 16 Aug 2023Z$842.3bZ$305.0bZ$13.0b25.1x64.9x2.8x
Fri, 14 Jul 2023Z$879.0bZ$305.0bZ$13.0b24.8x67.7x2.9x
Sun, 11 Jun 2023Z$898.6bZ$288.8bZ$10.8b23x83.2x3.1x
Tue, 09 May 2023Z$553.3bZ$235.2bZ$17.9b52.5x30.9x2.4x
Thu, 06 Apr 2023Z$465.5bZ$226.8bZ$17.6b30.9x26.4x2.1x
Sat, 04 Mar 2023Z$453.2bZ$226.8bZ$17.6b30.9x25.7x2x
Mon, 30 Jan 2023Z$371.3bZ$185.8bZ$15.3b30.6x24.2x2x
Wed, 28 Dec 2022Z$331.1bZ$186.2bZ$13.2b24.2x25x1.8x
Fri, 25 Nov 2022Z$293.3bZ$186.2bZ$13.2b19.6x22.1x1.6x
Sun, 23 Oct 2022Z$301.4bZ$186.2bZ$13.2b21.2x22.8x1.6x
Tue, 20 Sep 2022Z$178.5bZ$85.2bZ$5.7b20.5x31.2x2.1x
Thu, 18 Aug 2022Z$268.0bZ$85.2bZ$5.7b35.5x46.9x3.1x
Sat, 16 Jul 2022Z$312.6bZ$74.7bZ$6.2b38.8x50.2x4.2x
Price to Earnings Ratio

50.2x


Total Market Cap: Z$312.6bTotal Earnings: Z$6.2bTotal Revenue: Z$74.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 27x202320242025
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 5.4x which is lower than its 3-year average PE of 27.0x.
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 61% 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 Market0.074%
Materials8.89%
Financials3.43%
Industrials0.0041%
Consumer Discretionary0%0
Consumer Staples-0.38%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 232x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
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
NPKZ Nampak ZimbabweUS$0.988.9%
+US$60.5m
-6.8%PE1213.3xMaterials
EHZL EcoCash Holdings ZimbabweUS$0.143.4%
+US$19.4m
-64.9%PE0.2xFinancials
PROL ProplasticsUS$1.300.004%
+US$13.8k
85.7%PE2178.4xIndustrials
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