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Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedJan 10, 2026
DataAggregated Company Financials
Companies36
- 7D20.9%
- 3M79.4%
- 1Y77.1%
- YTD20.9%
The market is up 21% over the last week, with the Consumer Staples sector leading the way, up 38%. In contrast, the Materials sector is lagging, dropping 11%. In the last year, the market has climbed 77%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | Z$98.0b | Z$74.5b | Z$7.8b | 17.1x | 12.5x | 1.3x |
| Tue, 09 Dec 2025 | Z$76.3b | Z$70.8b | Z$7.7b | 549.2x | 9.9x | 1.1x |
| Thu, 06 Nov 2025 | Z$64.0b | Z$64.0b | Z$6.1b | 327.2x | 10.6x | 1x |
| Sat, 04 Oct 2025 | Z$59.5b | Z$72.7b | Z$8.4b | 388.7x | 7.1x | 0.8x |
| Mon, 01 Sep 2025 | Z$63.9b | Z$77.3b | Z$8.1b | 1232.2x | 7.8x | 0.8x |
| Wed, 30 Jul 2025 | Z$19.3b | Z$4.5b | Z$3.5b | 1174.5x | 5.5x | 4.3x |
| Fri, 27 Jun 2025 | Z$19.1b | Z$4.5b | Z$3.5b | 1070.4x | 5.4x | 4.2x |
| Sun, 25 May 2025 | Z$19.3b | Z$1.3b | Z$1.6b | 1228.7x | 12.2x | 14.5x |
| Tue, 22 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Thu, 20 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Sat, 15 Feb 2025 | Z$17.8b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Mon, 13 Jan 2025 | Z$19.4b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Wed, 11 Dec 2024 | Z$20.1b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Fri, 08 Nov 2024 | Z$28.3b | Z$986.0b | Z$80.0b | 0.4x | 0.4x | 0.03x |
| Sun, 06 Oct 2024 | Z$25.9b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Tue, 03 Sep 2024 | Z$20.8b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Thu, 01 Aug 2024 | Z$20.9b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Sat, 29 Jun 2024 | Z$13.4b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Mon, 27 May 2024 | Z$10.2b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Wed, 24 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Fri, 22 Mar 2024 | Z$20.9t | Z$1.9t | Z$383.0b | 55.1x | 54.5x | 11.1x |
| Sun, 18 Feb 2024 | Z$10.9t | Z$1.9t | Z$383.0b | 26.1x | 28.6x | 5.8x |
| Tue, 16 Jan 2024 | Z$7.8t | Z$1.5t | Z$348.2b | 30.9x | 22.4x | 5.1x |
| Thu, 14 Dec 2023 | Z$5.5t | Z$1.5t | Z$348.2b | 30.9x | 15.7x | 3.6x |
| Sat, 11 Nov 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.8x | 75x | 3.3x |
| Mon, 09 Oct 2023 | Z$989.7b | Z$305.6b | Z$13.4b | 38x | 73.9x | 3.2x |
| Wed, 06 Sep 2023 | Z$888.1b | Z$305.0b | Z$13.0b | 29.8x | 68.4x | 2.9x |
| Fri, 04 Aug 2023 | Z$807.5b | Z$305.0b | Z$13.0b | 25.7x | 62.2x | 2.6x |
| Sun, 02 Jul 2023 | Z$961.7b | Z$288.8b | Z$10.8b | 24.1x | 89.1x | 3.3x |
| Tue, 30 May 2023 | Z$730.5b | Z$235.7b | Z$17.9b | 30.9x | 40.9x | 3.1x |
| Thu, 27 Apr 2023 | Z$430.3b | Z$235.2b | Z$17.9b | 35.7x | 24x | 1.8x |
| Sat, 25 Mar 2023 | Z$502.9b | Z$226.8b | Z$17.6b | 30.9x | 28.5x | 2.2x |
| Mon, 20 Feb 2023 | Z$455.1b | Z$226.8b | Z$17.6b | 31.3x | 25.8x | 2x |
| Wed, 18 Jan 2023 | Z$393.2b | Z$185.8b | Z$15.3b | 29.2x | 25.7x | 2.1x |
Price to Earnings Ratio
25.7x
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 12.5x which is lower than its 3-year average PE of 22.7x.
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 Market | 20.87% | |
| Consumer Staples | 38.04% | |
| Financials | 12.48% | |
| Industrials | 2.26% | |
| Real Estate | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Materials | -10.54% | |
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$30.81 | 48.9% +US$13.4b | 120.6% | PE2115.9x | Consumer Staples | |
| TNCI TN CyberTech Investments Holdings | US$0.14 | 17.7% +US$89.0m | -49.3% | PE0.4x | Financials |
