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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies33
  • 7D-11.2%
  • 3M-17.8%
  • 1Y-29.0%
  • YTD-20.5%

Over the last 7 days, the market has dropped 11%, driven by pullbacks in every sector, especially the Consumer Staples sector. In the last 12 months the market is down 29%. As for the next few years, earnings are expected to grow by 13% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026Z$104.4bZ$36.9bZ$3.1b2005.1x34.2x2.8x
Sat, 11 Jul 2026Z$100.9bZ$37.5bZ$2.9b1733.6x34.4x2.7x
Mon, 08 Jun 2026Z$111.7bZ$64.3bZ$7.9b1874.5x14.2x1.7x
Wed, 06 May 2026Z$108.2bZ$64.3bZ$7.9b1844.3x13.8x1.7x
Fri, 03 Apr 2026Z$104.0bZ$72.8bZ$7.2b911.2x14.5x1.4x
Sun, 01 Mar 2026Z$103.7bZ$74.5bZ$7.8b16.4x13.3x1.4x
Tue, 27 Jan 2026Z$104.4bZ$74.5bZ$7.8b17.1x13.4x1.4x
Thu, 25 Dec 2025Z$76.4bZ$71.5bZ$7.6b52.9x10x1.1x
Sat, 22 Nov 2025Z$52.1bZ$70.8bZ$7.7b547.1x6.7x0.7x
Mon, 20 Oct 2025Z$60.4bZ$66.7bZ$8.2b382x7.3x0.9x
Wed, 17 Sep 2025Z$63.8bZ$77.3bZ$8.9b1124.4x7.1x0.8x
Fri, 15 Aug 2025Z$153.1bZ$75.7bZ$8.3b1218.8x18.5x2x
Sun, 13 Jul 2025Z$18.9bZ$4.5bZ$3.5b1173.1x5.3x4.2x
Tue, 10 Jun 2025Z$19.2bZ$4.5bZ$3.5b1086x5.4x4.3x
Thu, 08 May 2025Z$19.2bZ$1.3bZ$1.6b1200x12.1x14.5x
Sat, 05 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 03 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Wed, 29 Jan 2025Z$18.7bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 27 Dec 2024Z$20.1bZ$810.1bZ$91.4b0.2x0.2x0.02x
Sun, 24 Nov 2024Z$29.0bZ$993.6bZ$87.3b0.3x0.3x0.03x
Tue, 22 Oct 2024Z$28.7bZ$986.0bZ$80.0b0.4x0.4x0.03x
Thu, 19 Sep 2024Z$28.2bZ$986.7bZ$80.2b0.8x0.4x0.03x
Sat, 17 Aug 2024Z$21.0bZ$986.7bZ$80.2b0.6x0.3x0.02x
Mon, 15 Jul 2024Z$18.6bZ$1.0tZ$80.2b0.5x0.2x0.02x
Wed, 12 Jun 2024Z$11.8bZ$1.0tZ$80.2b0.3x0.1x0.01x
Fri, 10 May 2024Z$10.2bZ$2.3tZ$382.6b0.03x0.03x0.004x
Sun, 07 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Tue, 05 Mar 2024Z$13.1tZ$1.9tZ$383.0b31.8x34.2x6.9x
Thu, 01 Feb 2024Z$16.8tZ$1.5tZ$348.2b43x48.2x11x
Sat, 30 Dec 2023Z$5.6tZ$1.5tZ$348.2b30.9x16x3.6x
Mon, 27 Nov 2023Z$979.0bZ$413.7bZ$13.1b39x74.5x2.4x
Wed, 25 Oct 2023Z$1.0tZ$305.6bZ$13.4b42.5x76.2x3.3x
Fri, 22 Sep 2023Z$903.8bZ$305.0bZ$13.0b31.2x69.6x3x
Sun, 20 Aug 2023Z$857.8bZ$305.0bZ$13.0b26.5x66.1x2.8x
Price to Earnings Ratio

66.1x


Total Market Cap: Z$857.8bTotal Earnings: Z$13.0bTotal Revenue: Z$305.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 18x202420252026
Current Market PE
  • Investors are optimistic on the Zimbabwean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 34.2x which is higher than its 3-year average PE of 18.0x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 38% per year over the last three years.
  • Revenues have also declined 51% 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-11.25%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-0.71%
Financials-0.93%
Materials-1.13%
Consumer Staples-11.53%
Sector PE
  • Investors favour the Financials sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 13% 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
ZSEH Zimbabwe Stock Exchange HoldingsUS$1.6510.0%
+US$15.4m		-15.4%PE11300.9xFinancials
TNCI TN CyberTech Investments HoldingsUS$0.250.02%
+US$184.6k		108.4%PE7xFinancials
See more

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DLTA
US$31.83
Delta
7D
-1.7%
1Y
129.8%
TNCI
US$0.25
TN CyberTech Investments Holdings
7D
0.02%
1Y
108.4%
PROL
US$1.38
Proplastics
7D
-0.4%
1Y
6.5%
ZSEH
US$1.65
Zimbabwe Stock Exchange Holdings
7D
10.0%
1Y
-15.4%