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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies36
  • 7D0.7%
  • 3M67.2%
  • 1Y107.6%
  • YTD27.1%

The market has climbed 1.0% in the last 7 days, lead by the Consumer Staples sector with a gain of 3.7%. As for the past 12 months, the market is up 107%. 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
Mon, 16 Feb 2026Z$105.3bZ$74.5bZ$7.8b16.9x13.5x1.4x
Wed, 14 Jan 2026Z$105.3bZ$74.5bZ$7.8b15.7x13.5x1.4x
Fri, 12 Dec 2025Z$77.5bZ$70.8bZ$7.7b309.7x10.1x1.1x
Sun, 09 Nov 2025Z$64.5bZ$64.0bZ$6.1b327.2x10.7x1x
Tue, 07 Oct 2025Z$59.1bZ$72.7bZ$8.4b388.7x7x0.8x
Thu, 04 Sep 2025Z$64.3bZ$77.0bZ$8.1b1218.6x8x0.8x
Sat, 02 Aug 2025Z$157.0bZ$74.7bZ$8.5b1199.3x18.6x2.1x
Mon, 30 Jun 2025Z$19.0bZ$4.5bZ$3.5b1097.8x5.4x4.2x
Wed, 28 May 2025Z$19.4bZ$1.3bZ$1.6b1231.7x12.2x14.5x
Fri, 25 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sun, 23 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Tue, 18 Feb 2025Z$17.8bZ$269.0bZ$41.4b0.4x0.4x0.07x
Thu, 16 Jan 2025Z$19.4bZ$810.1bZ$91.4b0.2x0.2x0.02x
Sat, 14 Dec 2024Z$20.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Mon, 11 Nov 2024Z$28.3bZ$998.5bZ$87.3b0.3x0.3x0.03x
Wed, 09 Oct 2024Z$26.2bZ$986.0bZ$80.0b0.4x0.3x0.03x
Fri, 06 Sep 2024Z$21.6bZ$986.7bZ$80.2b0.6x0.3x0.02x
Sun, 04 Aug 2024Z$21.0bZ$986.7bZ$80.2b0.6x0.3x0.02x
Tue, 02 Jul 2024Z$13.5bZ$1.0tZ$80.2b0.4x0.2x0.01x
Thu, 30 May 2024Z$11.2bZ$2.3tZ$382.6b0.03x0.03x0.005x
Sat, 27 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Mon, 25 Mar 2024Z$20.7tZ$1.9tZ$383.0b54.6x54x11x
Wed, 21 Feb 2024Z$11.2tZ$1.9tZ$383.0b26.8x29.2x5.9x
Fri, 19 Jan 2024Z$9.5tZ$1.5tZ$348.2b30.9x27.3x6.2x
Sun, 17 Dec 2023Z$5.0tZ$1.5tZ$348.2b30.9x14.4x3.3x
Tue, 14 Nov 2023Z$968.2bZ$413.7bZ$13.1b41.8x73.7x2.3x
Thu, 12 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x77.5x3.4x
Sat, 09 Sep 2023Z$910.0bZ$305.0bZ$13.0b29.8x70.1x3x
Mon, 07 Aug 2023Z$787.0bZ$305.0bZ$13.0b24.2x60.6x2.6x
Wed, 05 Jul 2023Z$969.7bZ$305.0bZ$13.0b22.8x74.7x3.2x
Fri, 02 Jun 2023Z$745.3bZ$235.7bZ$17.9b30.9x41.7x3.2x
Sun, 30 Apr 2023Z$479.5bZ$235.2bZ$17.9b41.9x26.7x2x
Tue, 28 Mar 2023Z$492.5bZ$226.8bZ$17.6b30.9x27.9x2.2x
Thu, 23 Feb 2023Z$441.9bZ$226.8bZ$17.6b30.6x25.1x1.9x
Price to Earnings Ratio

25.1x


Total Market Cap: Z$441.9bTotal Earnings: Z$17.6bTotal Revenue: Z$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 22.4x202420252026
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 13.5x which is lower than its 3-year average PE of 22.4x.
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 Market0.69%
Industrials4.39%
Financials1.15%
Consumer Staples0.93%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Materials-0.46%
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
PROL ProplasticsUS$1.353.8%
+US$13.0m		58.8%PE30.6xIndustrials
ZSEH Zimbabwe Stock Exchange HoldingsUS$0.757.2%
+US$5.2m		n/an/aFinancials
See more

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3.8%
1Y
58.8%
ZSEH
US$0.75
Zimbabwe Stock Exchange Holdings
7D
7.2%
1Y
n/a
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-0.1%
1Y
-49.6%
DLTA
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Delta
7D
-0.09%
1Y
130.7%