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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies36
  • 7D-1.6%
  • 3M60.7%
  • 1Y102.1%
  • YTD25.1%

Over the past 7 days, the market has dropped 1.6% with the Financials sector contributing the most to the decline. In contrast to the last week, the market is actually up 102% over the past year. Earnings are forecast to grow by 5.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026Z$103.7bZ$74.5bZ$7.8b14.6x13.3x1.4x
Tue, 20 Jan 2026Z$105.2bZ$74.5bZ$7.8b16.3x13.5x1.4x
Thu, 18 Dec 2025Z$74.8bZ$71.4bZ$7.6b289.8x9.8x1x
Sat, 15 Nov 2025Z$52.5bZ$68.7bZ$8.3b414x6.3x0.8x
Mon, 13 Oct 2025Z$56.8bZ$66.7bZ$8.2b329.1x6.9x0.9x
Wed, 10 Sep 2025Z$64.0bZ$77.0bZ$8.1b1119.7x7.9x0.8x
Fri, 08 Aug 2025Z$156.4bZ$74.7bZ$8.5b1199.9x18.5x2.1x
Sun, 06 Jul 2025Z$19.1bZ$4.5bZ$3.5b1177.3x5.4x4.2x
Tue, 03 Jun 2025Z$19.5bZ$1.3bZ$1.6b1230.6x12.3x14.7x
Thu, 01 May 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 29 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 24 Feb 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Wed, 22 Jan 2025Z$19.3bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 20 Dec 2024Z$20.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Sun, 17 Nov 2024Z$28.0bZ$993.6bZ$87.3b0.3x0.3x0.03x
Tue, 15 Oct 2024Z$26.9bZ$986.0bZ$80.0b0.4x0.3x0.03x
Thu, 12 Sep 2024Z$26.6bZ$986.7bZ$80.2b0.7x0.3x0.03x
Sat, 10 Aug 2024Z$21.1bZ$986.7bZ$80.2b0.6x0.3x0.02x
Mon, 08 Jul 2024Z$14.5bZ$1.0tZ$80.2b0.4x0.2x0.01x
Wed, 05 Jun 2024Z$11.4bZ$1.0tZ$80.2b0.3x0.1x0.01x
Fri, 03 May 2024Z$10.4bZ$2.3tZ$382.6b0.03x0.03x0.004x
Sun, 31 Mar 2024Z$23.9tZ$1.9tZ$382.6b63.6x62.4x12.7x
Tue, 27 Feb 2024Z$11.5tZ$1.9tZ$383.0b28x30.1x6.1x
Thu, 25 Jan 2024Z$11.6tZ$1.5tZ$348.2b30.9x33.4x7.6x
Sat, 23 Dec 2023Z$5.1tZ$1.5tZ$348.2b30.9x14.8x3.4x
Mon, 20 Nov 2023Z$985.7bZ$413.7bZ$13.1b41.8x75x2.4x
Wed, 18 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x76.9x3.4x
Fri, 15 Sep 2023Z$965.5bZ$305.0bZ$13.0b31.2x74.4x3.2x
Sun, 13 Aug 2023Z$842.3bZ$305.0bZ$13.0b25.1x64.9x2.8x
Tue, 11 Jul 2023Z$977.6bZ$305.0bZ$13.0b24.8x75.3x3.2x
Thu, 08 Jun 2023Z$785.3bZ$288.8bZ$10.8b22.8x72.7x2.7x
Sat, 06 May 2023Z$523.9bZ$235.2bZ$17.9b48x29.2x2.2x
Mon, 03 Apr 2023Z$469.1bZ$226.8bZ$17.6b30.9x26.6x2.1x
Wed, 01 Mar 2023Z$454.5bZ$226.8bZ$17.6b30.9x25.8x2x
Price to Earnings Ratio

25.8x


Total Market Cap: Z$454.5bTotal Earnings: Z$17.6bTotal Revenue: Z$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 22.3x202420252026
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 13.3x which is lower than its 3-year average PE of 22.3x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 24% per year over the last three years.
  • Revenues have also declined 31% 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-1.55%
Materials1.37%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Consumer Staples-1.33%
Industrials-1.72%
Financials-3.30%
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
ZSEH Zimbabwe Stock Exchange HoldingsUS$0.9729.3%
+US$22.6m		n/an/aFinancials
See more

Market Insights

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PROL
US$1.15
Proplastics
7D
-14.8%
1Y
35.3%
ZSEH
US$0.97
Zimbabwe Stock Exchange Holdings
7D
29.3%
1Y
n/a
TNCI
US$0.10
TN CyberTech Investments Holdings
7D
-9.4%
1Y
-32.2%
DLTA
US$29.57
Delta
7D
-1.5%
1Y
124.9%