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Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies36
- 7D19.3%
- 3M76.1%
- 1Y77.3%
- YTD21.5%
The market has climbed 19% in the last 7 days, lead by the Consumer Staples sector with a gain of 33%. In contrast, the Materials sector is lagging, dropping 11%. The market is up 77% over the last 12 months. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | Z$100.7b | Z$74.5b | Z$7.8b | 17.1x | 12.9x | 1.4x |
| Wed, 10 Dec 2025 | Z$80.3b | Z$70.8b | Z$7.7b | 568.8x | 10.4x | 1.1x |
| Fri, 07 Nov 2025 | Z$64.3b | Z$64.0b | Z$6.1b | 327.2x | 10.6x | 1x |
| Sun, 05 Oct 2025 | Z$59.5b | Z$72.7b | Z$8.4b | 388.7x | 7.1x | 0.8x |
| Tue, 02 Sep 2025 | Z$63.9b | Z$77.3b | Z$8.1b | 1221.3x | 7.9x | 0.8x |
| Thu, 31 Jul 2025 | Z$149.1b | Z$74.7b | Z$8.5b | 1175.5x | 17.6x | 2x |
| Sat, 28 Jun 2025 | Z$19.0b | Z$4.5b | Z$3.5b | 1097.8x | 5.4x | 4.2x |
| Mon, 26 May 2025 | Z$19.3b | Z$1.3b | Z$1.6b | 1228.7x | 12.2x | 14.5x |
| Wed, 23 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Fri, 21 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Sun, 16 Feb 2025 | Z$17.8b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Tue, 14 Jan 2025 | Z$19.4b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Thu, 12 Dec 2024 | Z$19.9b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Sat, 09 Nov 2024 | Z$28.3b | Z$998.5b | Z$87.3b | 0.3x | 0.3x | 0.03x |
| Mon, 07 Oct 2024 | Z$25.9b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Wed, 04 Sep 2024 | Z$20.8b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Fri, 02 Aug 2024 | Z$20.8b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Sun, 30 Jun 2024 | Z$13.4b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Tue, 28 May 2024 | Z$10.3b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Thu, 25 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Sat, 23 Mar 2024 | Z$20.7t | Z$1.9t | Z$383.0b | 54.6x | 54x | 11x |
| Mon, 19 Feb 2024 | Z$10.9t | Z$1.9t | Z$383.0b | 26.1x | 28.6x | 5.8x |
| Wed, 17 Jan 2024 | Z$8.8t | Z$1.5t | Z$348.2b | 30.9x | 25.2x | 5.7x |
| Fri, 15 Dec 2023 | Z$5.3t | Z$1.5t | Z$348.2b | 30.9x | 15.3x | 3.5x |
| Sun, 12 Nov 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.8x | 75x | 3.3x |
| Tue, 10 Oct 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.1x | 76.1x | 3.3x |
| Thu, 07 Sep 2023 | Z$878.3b | Z$305.0b | Z$13.0b | 29.8x | 67.7x | 2.9x |
| Sat, 05 Aug 2023 | Z$807.5b | Z$305.0b | Z$13.0b | 24.2x | 62.2x | 2.6x |
| Mon, 03 Jul 2023 | Z$961.7b | Z$288.8b | Z$10.8b | 24.1x | 89.1x | 3.3x |
| Wed, 31 May 2023 | Z$738.5b | Z$235.7b | Z$17.9b | 30.9x | 41.4x | 3.1x |
| Fri, 28 Apr 2023 | Z$453.1b | Z$235.2b | Z$17.9b | 38.4x | 25.3x | 1.9x |
| Sun, 26 Mar 2023 | Z$502.9b | Z$226.8b | Z$17.6b | 30.9x | 28.5x | 2.2x |
| Tue, 21 Feb 2023 | Z$434.1b | Z$226.8b | Z$17.6b | 31.3x | 24.6x | 1.9x |
| Thu, 19 Jan 2023 | Z$381.1b | Z$185.8b | Z$15.3b | 29.2x | 24.9x | 2.1x |
Price to Earnings Ratio
24.9x
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 12.9x which is lower than its 3-year average PE of 22.7x.
Past Earnings Growth
- The earnings for companies in the Zimbabwean industry have declined 20% per year over the last three years.
- Revenues have also declined 26% 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 | 19.26% | |
| Consumer Staples | 32.57% | |
| Financials | 12.48% | |
| Industrials | 2.26% | |
| Real Estate | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Materials | -10.54% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| DLTA Delta | US$30.81 | 40.6% +US$11.8b | 120.5% | PE2115.9x | Consumer Staples | |
| TNCI TN CyberTech Investments Holdings | US$0.14 | 17.7% +US$89.0m | -51.6% | PE0.4x | Financials | |
| PROL Proplastics | US$1.50 | 7.1% +US$26.0m | 50.0% | PE33.9x | Industrials |
