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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies37
  • 7D14.8%
  • 3M62.5%
  • 1Y62.8%
  • YTD12.3%

The market has climbed 15% in the last 7 days, lead by the Consumer Staples sector with a gain of 27%. The market is up 63% over the last 12 months. As for the next few years, earnings are expected to grow by 5.0% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026Z$93.2bZ$74.7bZ$7.7b17.3x12.1x1.2x
Sat, 06 Dec 2025Z$73.7bZ$70.8bZ$7.7b528.9x9.6x1x
Mon, 03 Nov 2025Z$65.4bZ$66.7bZ$8.2b324.2x7.9x1x
Wed, 01 Oct 2025Z$63.7bZ$77.7bZ$8.8b457.2x7.2x0.8x
Fri, 29 Aug 2025Z$64.1bZ$79.6bZ$8.4b1228.3x7.6x0.8x
Sun, 27 Jul 2025Z$19.3bZ$4.5bZ$3.5b1172.2x5.5x4.3x
Tue, 24 Jun 2025Z$19.2bZ$4.5bZ$3.5b1073.9x5.4x4.3x
Thu, 22 May 2025Z$19.3bZ$1.3bZ$1.6b1203.3x12.2x14.6x
Sat, 19 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 17 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Wed, 12 Feb 2025Z$17.8bZ$269.0bZ$41.4b0.4x0.4x0.07x
Fri, 10 Jan 2025Z$19.4bZ$810.1bZ$91.4b0.2x0.2x0.02x
Sun, 08 Dec 2024Z$21.0bZ$810.1bZ$91.4b0.3x0.2x0.03x
Tue, 05 Nov 2024Z$28.5bZ$986.0bZ$80.0b0.4x0.4x0.03x
Thu, 03 Oct 2024Z$25.8bZ$986.0bZ$80.0b0.4x0.3x0.03x
Sat, 31 Aug 2024Z$21.0bZ$986.7bZ$80.2b0.6x0.3x0.02x
Mon, 29 Jul 2024Z$20.9bZ$986.7bZ$80.2b0.6x0.3x0.02x
Wed, 26 Jun 2024Z$13.3bZ$1.0tZ$80.2b0.4x0.2x0.01x
Fri, 24 May 2024Z$10.0bZ$2.3tZ$382.6b0.03x0.03x0.004x
Sun, 21 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Tue, 19 Mar 2024Z$19.3tZ$1.9tZ$383.0b51x50.5x10.3x
Thu, 15 Feb 2024Z$11.3tZ$1.4tZ$336.2b78.7x33.7x8.2x
Sat, 13 Jan 2024Z$7.6tZ$1.5tZ$348.2b30.9x21.9x5x
Mon, 11 Dec 2023Z$5.4tZ$1.5tZ$348.2b30.9x15.6x3.5x
Wed, 08 Nov 2023Z$1.0tZ$305.6bZ$13.4b41.8x76.1x3.3x
Fri, 06 Oct 2023Z$940.1bZ$305.6bZ$13.4b35.3x70.2x3.1x
Sun, 03 Sep 2023Z$857.6bZ$305.0bZ$13.0b28.5x66.1x2.8x
Tue, 01 Aug 2023Z$785.9bZ$305.0bZ$13.0b25.7x60.5x2.6x
Thu, 29 Jun 2023Z$889.8bZ$288.8bZ$10.8b24.6x82.4x3.1x
Sat, 27 May 2023Z$730.2bZ$235.2bZ$17.9b70.1x40.7x3.1x
Mon, 24 Apr 2023Z$403.7bZ$235.2bZ$17.9b32.5x22.5x1.7x
Wed, 22 Mar 2023Z$502.9bZ$226.8bZ$17.6b30.9x28.5x2.2x
Fri, 17 Feb 2023Z$463.2bZ$226.8bZ$17.6b32.3x26.3x2x
Sun, 15 Jan 2023Z$387.8bZ$185.8bZ$15.3b25.6x25.3x2.1x
Price to Earnings Ratio

25.3x


Total Market Cap: Z$387.8bTotal Earnings: Z$15.3bTotal Revenue: Z$185.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 22.8x202420252026
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 12.1x which is lower than its 3-year average PE of 22.8x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 21% 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 Market14.78%
Consumer Staples27.38%
Financials6.41%
Industrials1.85%
Real Estate0%0
Materials0%0
Consumer Discretionary0%0
Telecom0%0
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?

CompanyLast Price7D1YValuationSector
DLTA DeltaUS$28.0235.3%
+US$9.7b		100.7%PE1923.8xConsumer Staples
TNCI TN CyberTech Investments HoldingsUS$0.1312.6%
+US$61.6m		-55.8%PE0.4xFinancials
See more

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Latest News

ZSEH
US$1.30
Zimbabwe Stock Exchange Holdings
7D
-10.3%
1Y
n/a
TNCI
US$0.13
TN CyberTech Investments Holdings
7D
12.6%
1Y
-55.8%
DLTA
US$28.02
Delta
7D
35.3%
1Y
100.7%