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Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies37
- 7D4.9%
- 3M4.2%
- 1Y-24.8%
- YTD0.06%
Over the last 7 days, the market has risen 4.9%, driven by gains of 2.7% in the Consumer Staples sector. In contrast, the Materials sector is lagging, dropping 11%. Longer term the market is actually down 25% over the past year.
Market Valuation and Performance
Has the Zimbabwean Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Nov 2025 | Z$65.5b | Z$66.7b | Z$8.2b | 324.2x | 8x | 1x |
| Thu, 02 Oct 2025 | Z$60.5b | Z$72.7b | Z$8.4b | 454.7x | 7.2x | 0.8x |
| Sat, 30 Aug 2025 | Z$63.8b | Z$79.6b | Z$8.4b | 1232.2x | 7.6x | 0.8x |
| Mon, 28 Jul 2025 | Z$19.3b | Z$4.5b | Z$3.5b | 1172.2x | 5.5x | 4.3x |
| Wed, 25 Jun 2025 | Z$18.0b | Z$4.5b | Z$3.5b | 1034.2x | 5.1x | 4x |
| Fri, 23 May 2025 | Z$19.3b | Z$1.3b | Z$1.6b | 1203.2x | 12.2x | 14.6x |
| Sun, 20 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Tue, 18 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Thu, 13 Feb 2025 | Z$17.8b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Sat, 11 Jan 2025 | Z$19.4b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Mon, 09 Dec 2024 | Z$21.0b | Z$810.1b | Z$91.4b | 0.3x | 0.2x | 0.03x |
| Wed, 06 Nov 2024 | Z$28.4b | Z$986.0b | Z$80.0b | 0.4x | 0.4x | 0.03x |
| Fri, 04 Oct 2024 | Z$25.9b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Sun, 01 Sep 2024 | Z$21.0b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Tue, 30 Jul 2024 | Z$20.9b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Thu, 27 Jun 2024 | Z$13.3b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Sat, 25 May 2024 | Z$10.2b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Mon, 22 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Wed, 20 Mar 2024 | Z$20.9t | Z$1.9t | Z$383.0b | 55.5x | 54.6x | 11.1x |
| Fri, 16 Feb 2024 | Z$11.2t | Z$1.9t | Z$383.0b | 26.5x | 29.2x | 5.9x |
| Sun, 14 Jan 2024 | Z$7.6t | Z$1.5t | Z$348.2b | 30.9x | 21.9x | 5x |
| Tue, 12 Dec 2023 | Z$5.4t | Z$1.5t | Z$348.2b | 30.9x | 15.6x | 3.5x |
| Thu, 09 Nov 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 41.8x | 76.1x | 3.3x |
| Sat, 07 Oct 2023 | Z$989.7b | Z$305.6b | Z$13.4b | 38x | 73.9x | 3.2x |
| Mon, 04 Sep 2023 | Z$857.6b | Z$305.0b | Z$13.0b | 28.5x | 66.1x | 2.8x |
| Wed, 02 Aug 2023 | Z$788.4b | Z$305.0b | Z$13.0b | 25.7x | 60.7x | 2.6x |
| Fri, 30 Jun 2023 | Z$962.3b | Z$288.8b | Z$10.8b | 25.6x | 89.1x | 3.3x |
| Sun, 28 May 2023 | Z$730.3b | Z$235.2b | Z$17.9b | 70.1x | 40.7x | 3.1x |
| Tue, 25 Apr 2023 | Z$402.1b | Z$235.2b | Z$17.9b | 32.2x | 22.4x | 1.7x |
| Thu, 23 Mar 2023 | Z$520.9b | Z$226.8b | Z$17.6b | 30.9x | 29.6x | 2.3x |
| Sat, 18 Feb 2023 | Z$455.1b | Z$226.8b | Z$17.6b | 31.3x | 25.8x | 2x |
| Mon, 16 Jan 2023 | Z$387.8b | Z$185.8b | Z$15.3b | 25.6x | 25.3x | 2.1x |
| Wed, 14 Dec 2022 | Z$310.2b | Z$186.2b | Z$13.2b | 19.5x | 23.4x | 1.7x |
| Fri, 11 Nov 2022 | Z$305.6b | Z$186.2b | Z$13.2b | 24.3x | 23.1x | 1.6x |
Price to Earnings Ratio
23.1x
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 8.0x which is lower than its 3-year average PE of 23.6x.
Past Earnings Growth
- The earnings for companies in the Zimbabwean industry have declined 15% per year over the last three years.
- Revenues have also declined 29% 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 | 4.89% | |
| Financials | 3.49% | |
| Consumer Staples | 2.73% | |
| Real Estate | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Industrials | -0.91% | |
| Materials | -10.99% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| DLTA Delta | US$15.59 | 4.4% +US$869.0m | -19.9% | PE1349.6x | Consumer Staples | |
| TNCI TN CyberTech Investments Holdings | US$0.11 | 10.0% +US$41.8m | -75.5% | PE0.1x | Financials | |
| ZSEH Zimbabwe Stock Exchange Holdings | US$1.32 | 10.0% +US$12.3m | n/a | n/a | Financials |
