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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies36
  • 7D-2.2%
  • 3M17.8%
  • 1Y87.8%
  • YTD25.4%

Over the last 7 days, the market has dropped 2.2%, driven by a decline of 1.0% in the Consumer Staples sector. In contrast to the last week, the market is actually up 88% over the past year. Earnings are forecast to grow by 5.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026Z$105.3bZ$70.4bZ$7.8b911.2x13.5x1.5x
Thu, 05 Mar 2026Z$104.6bZ$74.5bZ$7.8b11.9x13.4x1.4x
Sat, 31 Jan 2026Z$102.5bZ$74.5bZ$7.8b16.7x13.1x1.4x
Mon, 29 Dec 2025Z$76.4bZ$73.9bZ$7.8b15.7x9.8x1x
Wed, 26 Nov 2025Z$53.2bZ$70.8bZ$7.7b550.3x6.9x0.8x
Fri, 24 Oct 2025Z$63.0bZ$66.7bZ$8.2b377.1x7.7x0.9x
Sun, 21 Sep 2025Z$61.7bZ$77.3bZ$8.9b1123.3x6.9x0.8x
Tue, 19 Aug 2025Z$153.3bZ$76.4bZ$8.6b1220.7x17.9x2x
Thu, 17 Jul 2025Z$19.1bZ$4.5bZ$3.5b1174.1x5.4x4.3x
Sat, 14 Jun 2025Z$19.0bZ$4.5bZ$3.5b1022x5.4x4.2x
Mon, 12 May 2025Z$19.2bZ$1.3bZ$1.6b1142.3x12.1x14.5x
Wed, 09 Apr 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Fri, 07 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Sun, 02 Feb 2025Z$17.9bZ$269.0bZ$41.4b0.4x0.4x0.07x
Tue, 31 Dec 2024Z$19.8bZ$810.1bZ$91.4b0.2x0.2x0.02x
Thu, 28 Nov 2024Z$28.6bZ$993.6bZ$87.3b0.3x0.3x0.03x
Sat, 26 Oct 2024Z$30.8bZ$986.0bZ$80.0b0.4x0.4x0.03x
Mon, 23 Sep 2024Z$26.7bZ$986.0bZ$80.0b0.4x0.3x0.03x
Wed, 21 Aug 2024Z$20.5bZ$986.7bZ$80.2b0.6x0.3x0.02x
Fri, 19 Jul 2024Z$20.4bZ$1.0tZ$80.2b0.5x0.3x0.02x
Sun, 16 Jun 2024Z$12.6bZ$1.0tZ$80.2b0.4x0.2x0.01x
Tue, 14 May 2024Z$10.1bZ$2.3tZ$382.6b0.03x0.03x0.004x
Thu, 11 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Sat, 09 Mar 2024Z$12.8tZ$1.9tZ$383.0b31.5x33.3x6.8x
Mon, 05 Feb 2024Z$15.7tZ$1.5tZ$348.2b38.2x45.1x10.2x
Wed, 03 Jan 2024Z$5.7tZ$1.5tZ$348.2b30.9x16.4x3.7x
Fri, 01 Dec 2023Z$5.4tZ$1.5tZ$348.2b30.9x15.6x3.6x
Sun, 29 Oct 2023Z$1.0tZ$305.6bZ$13.4b42x76.8x3.4x
Tue, 26 Sep 2023Z$914.1bZ$305.6bZ$13.4b31.2x68.2x3x
Thu, 24 Aug 2023Z$863.0bZ$305.0bZ$13.0b27x66.5x2.8x
Sat, 22 Jul 2023Z$812.1bZ$305.0bZ$13.0b24.8x62.6x2.7x
Mon, 19 Jun 2023Z$894.1bZ$288.8bZ$10.8b23.4x82.8x3.1x
Wed, 17 May 2023Z$718.2bZ$235.2bZ$17.9b74.6x40.1x3.1x
Fri, 14 Apr 2023Z$416.7bZ$226.8bZ$17.6b30.9x23.6x1.8x
Price to Earnings Ratio

23.6x


Total Market Cap: Z$416.7bTotal Earnings: Z$17.6bTotal Revenue: Z$226.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 21.8x202420252026
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 21.8x.
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 32% 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-2.15%
Industrials2.42%
Financials1.02%
Real Estate0%0
Materials0%0
Consumer Discretionary0%0
Telecom0%0
Consumer Staples-1.00%
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 17% 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
TNCI TN CyberTech Investments HoldingsUS$0.120.2%
+US$1.1m		-27.3%PE0.4xFinancials
See more

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TNCI
US$0.12
TN CyberTech Investments Holdings
7D
0.2%
1Y
-27.3%
DLTA
US$26.50
Delta
7D
-0.2%
1Y
77.3%