Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedSep 02, 2025

DataAggregated Company Financials

Companies37

7D1.5%
3M6.3%
1Y6.2%
YTD-2.4%

The market is up 1.5% over the last week, with the Consumer Staples sector leading the way, up 3.1%. As for the past 12 months, the market is up 6.2%.

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
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
Sat, 17 Dec 2022	Z$326.1b	Z$186.2b	Z$13.2b	23.1x	24.6x	1.8x
Mon, 14 Nov 2022	Z$302.3b	Z$186.2b	Z$13.2b	24.3x	22.8x	1.6x
Wed, 12 Oct 2022	Z$280.3b	Z$186.2b	Z$13.2b	23.1x	21.2x	1.5x
Fri, 09 Sep 2022	Z$221.2b	Z$85.2b	Z$5.7b	27.5x	38.7x	2.6x

Price to Earnings Ratio

38.7x

Fri, 09 Sep 2022

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 7.9x which is lower than its 3-year average PE of 25.0x.

Past Earnings Growth

The earnings for Zimbabwean listed companies have grown 13% per year over the last three years.
Meanwhile revenues for these companies have declined 3.2% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Zimbabwean Market?


ZW Market	1.48%
Consumer Staples	3.08%
Real Estate	0%	0
Consumer Discretionary	0%	0
Telecom	0%	0
Financials	-0.33%
Materials	-1.27%
Industrials	-1.84%

Sector PE

Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 168x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

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?

	Company	Last Price	7D	1Y	Valuation	Sector
	DLTA Delta	US$14.16	1.2% +US$217.7m	3.7%	PE1226.3x	Consumer Staples
	TNCI TN CyberTech Investments Holdings	US$0.12	0.7% +US$3.7m	-76.3%	PE0.1x	Financials