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Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies36
- 7D4.5%
- 3M69.9%
- 1Y107.0%
- YTD27.7%
The market is up 6.9% in the last 7 days, led by the Consumer Staples and all sectors gaining ground. The market is up 103% over the last 12 months. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | Z$105.9b | Z$74.5b | Z$7.8b | 16.9x | 13.5x | 1.4x |
| Sat, 10 Jan 2026 | Z$98.0b | Z$74.5b | Z$7.8b | 17.1x | 12.5x | 1.3x |
| Mon, 08 Dec 2025 | Z$73.7b | Z$70.8b | Z$7.7b | 528.9x | 9.6x | 1x |
| Wed, 05 Nov 2025 | Z$64.1b | Z$66.7b | Z$8.2b | 331.5x | 7.8x | 1x |
| Fri, 03 Oct 2025 | Z$59.9b | Z$72.7b | Z$8.4b | 454.7x | 7.1x | 0.8x |
| Sun, 31 Aug 2025 | Z$63.9b | Z$77.3b | Z$8.1b | 1232.2x | 7.8x | 0.8x |
| Tue, 29 Jul 2025 | Z$19.3b | Z$4.5b | Z$3.5b | 1174.3x | 5.5x | 4.3x |
| Thu, 26 Jun 2025 | Z$19.2b | Z$4.5b | Z$3.5b | 1073.6x | 5.4x | 4.3x |
| Sat, 24 May 2025 | Z$19.3b | Z$1.3b | Z$1.6b | 1203.2x | 12.2x | 14.6x |
| Mon, 21 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Wed, 19 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Fri, 14 Feb 2025 | Z$17.8b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Sun, 12 Jan 2025 | Z$19.4b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Tue, 10 Dec 2024 | Z$20.2b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Thu, 07 Nov 2024 | Z$28.3b | Z$986.0b | Z$80.0b | 0.4x | 0.4x | 0.03x |
| Sat, 05 Oct 2024 | Z$25.9b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Mon, 02 Sep 2024 | Z$21.0b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Wed, 31 Jul 2024 | Z$20.9b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Fri, 28 Jun 2024 | Z$13.2b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Sun, 26 May 2024 | Z$10.2b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Tue, 23 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Thu, 21 Mar 2024 | Z$20.9t | Z$1.9t | Z$383.0b | 55.3x | 54.5x | 11.1x |
| Sat, 17 Feb 2024 | Z$10.9t | Z$1.9t | Z$383.0b | 26.1x | 28.6x | 5.8x |
| Mon, 15 Jan 2024 | Z$7.6t | Z$1.5t | Z$348.2b | 30.9x | 21.9x | 5x |
| Wed, 13 Dec 2023 | Z$5.4t | Z$1.5t | Z$348.2b | 30.9x | 15.6x | 3.5x |
| Fri, 10 Nov 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.8x | 75.1x | 3.3x |
| Sun, 08 Oct 2023 | Z$989.7b | Z$305.6b | Z$13.4b | 38x | 73.9x | 3.2x |
| Tue, 05 Sep 2023 | Z$860.4b | Z$305.0b | Z$13.0b | 28.5x | 66.3x | 2.8x |
| Thu, 03 Aug 2023 | Z$788.4b | Z$305.0b | Z$13.0b | 25.7x | 60.7x | 2.6x |
| Sat, 01 Jul 2023 | Z$961.7b | Z$288.8b | Z$10.8b | 24.1x | 89.1x | 3.3x |
| Mon, 29 May 2023 | Z$730.3b | Z$235.2b | Z$17.9b | 70.1x | 40.7x | 3.1x |
| Wed, 26 Apr 2023 | Z$409.7b | Z$235.2b | Z$17.9b | 33.1x | 22.8x | 1.7x |
| Fri, 24 Mar 2023 | Z$512.2b | Z$226.8b | Z$17.6b | 30.9x | 29.1x | 2.3x |
| Sun, 19 Feb 2023 | Z$455.1b | Z$226.8b | Z$17.6b | 31.3x | 25.8x | 2x |
Price to Earnings Ratio
25.8x
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 13.4x 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 Market | 4.48% | |
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 | |
|---|---|---|---|---|---|---|
| DLTA Delta | US$30.64 | 5.7% +US$2.2b | 135.8% | PE2104.2x | Consumer Staples | |
| TNCI TN CyberTech Investments Holdings | US$0.11 | 6.2% +US$27.8m | -56.6% | PE0.4x | Financials | |
| PROL Proplastics | US$1.35 | 3.8% +US$13.0m | 58.8% | PE30.6x | Industrials | |
| ZSEH Zimbabwe Stock Exchange Holdings | US$0.75 | 6.4% +US$4.6m | n/a | n/a | Financials |
