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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies37
  • 7D1.3%
  • 3M26.3%
  • 1Y19.4%
  • YTD23.4%

The market is up 1.3% over the last week, with the Consumer Staples sector leading the way, up 4.4%. As for the past 12 months, the market is up 19%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025Z$74.7bZ$71.4bZ$7.6b296.6x9.8x1x
Tue, 11 Nov 2025Z$65.2bZ$64.0bZ$6.1b327.3x10.8x1x
Thu, 09 Oct 2025Z$58.8bZ$73.1bZ$8.5b386.7x6.9x0.8x
Sat, 06 Sep 2025Z$63.8bZ$77.0bZ$8.1b1120.3x7.9x0.8x
Mon, 04 Aug 2025Z$157.0bZ$74.7bZ$8.5b1199.3x18.6x2.1x
Wed, 02 Jul 2025Z$18.9bZ$4.5bZ$3.5b1097.7x5.4x4.2x
Fri, 30 May 2025Z$19.5bZ$1.3bZ$1.6b1229.3x12.3x14.7x
Sun, 27 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Tue, 25 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Thu, 20 Feb 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 18 Jan 2025Z$19.4bZ$810.1bZ$91.4b0.2x0.2x0.02x
Mon, 16 Dec 2024Z$20.0bZ$810.1bZ$91.4b0.2x0.2x0.02x
Wed, 13 Nov 2024Z$28.0bZ$998.5bZ$87.3b0.3x0.3x0.03x
Fri, 11 Oct 2024Z$26.9bZ$986.0bZ$80.0b0.4x0.3x0.03x
Sun, 08 Sep 2024Z$21.9bZ$986.7bZ$80.2b0.6x0.3x0.02x
Tue, 06 Aug 2024Z$21.1bZ$986.7bZ$80.2b0.6x0.3x0.02x
Thu, 04 Jul 2024Z$14.1bZ$1.0tZ$80.2b0.4x0.2x0.01x
Sat, 01 Jun 2024Z$11.2bZ$1.0tZ$80.2b0.3x0.1x0.01x
Mon, 29 Apr 2024Z$24.7tZ$2.3tZ$382.6b64.9x64.6x10.7x
Wed, 27 Mar 2024Z$20.9tZ$1.9tZ$383.0b55x54.4x11.1x
Fri, 23 Feb 2024Z$11.3tZ$1.9tZ$383.0b27.2x29.5x6x
Sun, 21 Jan 2024Z$9.8tZ$1.5tZ$348.2b30.9x28.3x6.4x
Tue, 19 Dec 2023Z$5.0tZ$1.5tZ$348.2b30.9x14.4x3.3x
Thu, 16 Nov 2023Z$966.9bZ$413.7bZ$13.1b41.8x73.6x2.3x
Sat, 14 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x77.5x3.4x
Mon, 11 Sep 2023Z$910.0bZ$305.0bZ$13.0b29.8x70.1x3x
Wed, 09 Aug 2023Z$835.4bZ$305.0bZ$13.0b25.3x64.4x2.7x
Fri, 07 Jul 2023Z$957.5bZ$305.0bZ$13.0b22.8x73.8x3.1x
Sun, 04 Jun 2023Z$769.2bZ$235.7bZ$17.9b30.9x43.1x3.3x
Tue, 02 May 2023Z$479.5bZ$235.2bZ$17.9b41.9x26.7x2x
Thu, 30 Mar 2023Z$472.9bZ$226.8bZ$17.6b30.9x26.8x2.1x
Sat, 25 Feb 2023Z$453.8bZ$226.8bZ$17.6b30.9x25.7x2x
Mon, 23 Jan 2023Z$382.1bZ$185.8bZ$15.3b33.6x24.9x2.1x
Wed, 21 Dec 2022Z$325.7bZ$186.2bZ$13.2b23.3x24.6x1.7x
Price to Earnings Ratio

24.6x


Total Market Cap: Z$325.7bTotal Earnings: Z$13.2bTotal Revenue: Z$186.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 23.1x202320242025
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 9.8x which is lower than its 3-year average PE of 23.1x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 17% per year over the last three years.
  • Revenues have also declined 27% 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 Market1.32%
Financials5.23%
Consumer Staples4.41%
Real Estate0%0
Consumer Discretionary0%0
Telecom0%0
Industrials-1.91%
Materials-5.99%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 104x.
    • 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?

CompanyLast Price7D1YValuationSector
DLTA DeltaUS$19.066.9%
+US$1.6b		35.4%PE1308.5xConsumer Staples
ZSEH Zimbabwe Stock Exchange HoldingsUS$0.852.4%
+US$2.1m		n/an/aFinancials
See more

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ZSEH
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2.4%
1Y
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DLTA
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