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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies37
  • 7D3.4%
  • 3M28.9%
  • 1Y28.5%
  • YTD27.2%

The market is up 3.4% over the last week, with the Financials sector leading the way, up 13%. As for the past 12 months, the market is up 28%.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025Z$77.2bZ$73.9bZ$7.8b17.8x9.8x1x
Thu, 27 Nov 2025Z$53.5bZ$70.8bZ$7.7b553.7x6.9x0.8x
Sat, 25 Oct 2025Z$62.4bZ$66.7bZ$8.2b378.8x7.6x0.9x
Mon, 22 Sep 2025Z$61.3bZ$77.3bZ$8.9b1123.3x6.9x0.8x
Wed, 20 Aug 2025Z$154.3bZ$76.4bZ$8.6b1222.8x18x2x
Fri, 18 Jul 2025Z$19.2bZ$4.5bZ$3.5b1175x5.4x4.3x
Sun, 15 Jun 2025Z$19.0bZ$4.5bZ$3.5b1022x5.4x4.2x
Tue, 13 May 2025Z$19.2bZ$1.3bZ$1.6b1200.4x12.1x14.5x
Thu, 10 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sat, 08 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Mon, 03 Feb 2025Z$17.9bZ$269.0bZ$41.4b0.4x0.4x0.07x
Wed, 01 Jan 2025Z$19.8bZ$810.1bZ$91.4b0.2x0.2x0.02x
Fri, 29 Nov 2024Z$28.2bZ$993.6bZ$87.3b0.3x0.3x0.03x
Sun, 27 Oct 2024Z$30.8bZ$986.0bZ$80.0b0.4x0.4x0.03x
Tue, 24 Sep 2024Z$26.7bZ$986.0bZ$80.0b0.4x0.3x0.03x
Thu, 22 Aug 2024Z$20.6bZ$986.7bZ$80.2b0.6x0.3x0.02x
Sat, 20 Jul 2024Z$20.3bZ$1.0tZ$80.2b0.5x0.3x0.02x
Mon, 17 Jun 2024Z$12.6bZ$1.0tZ$80.2b0.4x0.2x0.01x
Wed, 15 May 2024Z$10.1bZ$2.3tZ$382.6b0.03x0.03x0.004x
Fri, 12 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Sun, 10 Mar 2024Z$12.8tZ$1.9tZ$383.0b31.5x33.3x6.8x
Tue, 06 Feb 2024Z$13.6tZ$1.4tZ$336.2b78.7x40.5x9.9x
Thu, 04 Jan 2024Z$6.1tZ$1.5tZ$348.2b30.9x17.6x4x
Sat, 02 Dec 2023Z$5.5tZ$1.5tZ$348.2b30.9x15.7x3.6x
Mon, 30 Oct 2023Z$1.0tZ$305.6bZ$13.4b42x76.8x3.4x
Wed, 27 Sep 2023Z$924.9bZ$305.6bZ$13.4b33.1x69x3x
Fri, 25 Aug 2023Z$863.6bZ$305.0bZ$13.0b27x66.5x2.8x
Sun, 23 Jul 2023Z$812.1bZ$305.0bZ$13.0b24.8x62.6x2.7x
Tue, 20 Jun 2023Z$864.8bZ$288.8bZ$10.8b23.4x80.1x3x
Thu, 18 May 2023Z$736.4bZ$235.2bZ$17.9b76.9x41.1x3.1x
Sat, 15 Apr 2023Z$399.0bZ$226.8bZ$17.6b30.9x22.6x1.8x
Mon, 13 Mar 2023Z$446.9bZ$226.8bZ$17.6b30.9x25.4x2x
Wed, 08 Feb 2023Z$402.5bZ$226.8bZ$17.6b29.3x22.8x1.8x
Fri, 06 Jan 2023Z$377.5bZ$185.8bZ$15.3b25.3x24.6x2x
Price to Earnings Ratio

24.6x


Total Market Cap: Z$377.5bTotal Earnings: Z$15.3bTotal Revenue: Z$185.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 22.9x20242025
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 22.9x.
Past Earnings Growth
  • The earnings for companies in the Zimbabwean industry have declined 20% 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 Market3.36%
Financials12.66%
Industrials4.43%
Consumer Staples1.65%
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 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$19.842.2%
+US$569.4m		41.5%PE1362.7xConsumer Staples
PROL ProplasticsUS$1.4548.0%
+US$121.8m		-2.4%PE32.7xIndustrials
ZSEH Zimbabwe Stock Exchange HoldingsUS$1.5051.7%
+US$52.5m		n/an/aFinancials
TNCI TN CyberTech Investments HoldingsUS$0.120.9%
+US$4.2m		-61.6%PE0.4xFinancials
See more

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PROL
US$1.45
Proplastics
7D
48.0%
1Y
-2.4%
ZSEH
US$1.50
Zimbabwe Stock Exchange Holdings
7D
51.7%
1Y
n/a
TNCI
US$0.12
TN CyberTech Investments Holdings
7D
0.9%
1Y
-61.6%
DLTA
US$19.84
Delta
7D
2.2%
1Y
41.5%