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Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedMar 15, 2026
DataAggregated Company Financials
Companies36
- 7D-3.3%
- 3M35.4%
- 1Y73.0%
- YTD22.3%
Over the last 7 days, the market has dropped 3.3%, driven by a loss of 7.6% in the Consumer Staples sector. Meanwhile, the Industrials sector has outperformed, gaining 4.3% in that time. In contrast to the last week, the market is actually up 73% 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Mar 2026 | Z$101.3b | Z$74.5b | Z$7.8b | 15.8x | 13x | 1.4x |
| Tue, 10 Feb 2026 | Z$104.6b | Z$74.5b | Z$7.8b | 16.3x | 13.4x | 1.4x |
| Thu, 08 Jan 2026 | Z$93.2b | Z$74.7b | Z$7.7b | 17.3x | 12.1x | 1.2x |
| Sat, 06 Dec 2025 | Z$73.7b | Z$70.8b | Z$7.7b | 528.9x | 9.6x | 1x |
| Mon, 03 Nov 2025 | Z$65.4b | Z$66.7b | Z$8.2b | 324.2x | 7.9x | 1x |
| Wed, 01 Oct 2025 | Z$63.7b | Z$77.7b | Z$8.8b | 457.2x | 7.2x | 0.8x |
| Fri, 29 Aug 2025 | Z$64.1b | Z$79.6b | Z$8.4b | 1228.3x | 7.6x | 0.8x |
| Sun, 27 Jul 2025 | Z$19.3b | Z$4.5b | Z$3.5b | 1172.2x | 5.5x | 4.3x |
| Tue, 24 Jun 2025 | Z$19.2b | Z$4.5b | Z$3.5b | 1073.9x | 5.4x | 4.3x |
| Thu, 22 May 2025 | Z$19.3b | Z$1.3b | Z$1.6b | 1203.3x | 12.2x | 14.6x |
| Sat, 19 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Mon, 17 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Wed, 12 Feb 2025 | Z$17.8b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Fri, 10 Jan 2025 | Z$19.4b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Sun, 08 Dec 2024 | Z$21.0b | Z$810.1b | Z$91.4b | 0.3x | 0.2x | 0.03x |
| Tue, 05 Nov 2024 | Z$28.5b | Z$986.0b | Z$80.0b | 0.4x | 0.4x | 0.03x |
| Thu, 03 Oct 2024 | Z$25.8b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Sat, 31 Aug 2024 | Z$21.0b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Mon, 29 Jul 2024 | Z$20.9b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Wed, 26 Jun 2024 | Z$13.3b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Fri, 24 May 2024 | Z$10.0b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Sun, 21 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Tue, 19 Mar 2024 | Z$19.3t | Z$1.9t | Z$383.0b | 51x | 50.5x | 10.3x |
| Thu, 15 Feb 2024 | Z$11.3t | Z$1.4t | Z$336.2b | 78.7x | 33.7x | 8.2x |
| Sat, 13 Jan 2024 | Z$7.6t | Z$1.5t | Z$348.2b | 30.9x | 21.9x | 5x |
| Mon, 11 Dec 2023 | Z$5.4t | Z$1.5t | Z$348.2b | 30.9x | 15.6x | 3.5x |
| Wed, 08 Nov 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.8x | 76.1x | 3.3x |
| Fri, 06 Oct 2023 | Z$940.1b | Z$305.6b | Z$13.4b | 35.3x | 70.2x | 3.1x |
| Sun, 03 Sep 2023 | Z$857.6b | Z$305.0b | Z$13.0b | 28.5x | 66.1x | 2.8x |
| Tue, 01 Aug 2023 | Z$785.9b | Z$305.0b | Z$13.0b | 25.7x | 60.5x | 2.6x |
| Thu, 29 Jun 2023 | Z$889.8b | Z$288.8b | Z$10.8b | 24.6x | 82.4x | 3.1x |
| Sat, 27 May 2023 | Z$730.2b | Z$235.2b | Z$17.9b | 70.1x | 40.7x | 3.1x |
| Mon, 24 Apr 2023 | Z$403.7b | Z$235.2b | Z$17.9b | 32.5x | 22.5x | 1.7x |
| Wed, 22 Mar 2023 | Z$502.9b | Z$226.8b | Z$17.6b | 30.9x | 28.5x | 2.2x |
Price to Earnings Ratio
28.5x
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 13.0x which is lower than its 3-year average PE of 22.1x.
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 | -3.30% | |
| Industrials | 4.27% | |
| Materials | 1.40% | |
| Financials | 0.12% | |
| Real Estate | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Consumer Staples | -7.57% | |
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 | |
|---|---|---|---|---|---|---|
| PROL Proplastics | US$1.28 | 28.0% +US$72.7m | 14.5% | PE29x | Industrials | |
| TNCI TN CyberTech Investments Holdings | US$0.11 | 9.4% +US$39.6m | -38.8% | PE0.3x | Financials | |
| NPKZ Nampak Zimbabwe | US$0.75 | 1.3% +US$7.5m | 1.4% | PE2.7x | Materials |
