Have your own idea? Try our Stock Screener
Zimbabwean (ZSE) Market Analysis & Valuation
UpdatedApr 09, 2026
DataAggregated Company Financials
Companies36
- 7D1.6%
- 3M10.6%
- 1Y90.5%
- YTD28.1%
The market has climbed 1.6% in the last 7 days, lead by the Consumer Staples sector with a gain of 3.8%. Meanwhile, the Industrials sector has underperformed, shrinking 5.1% in that time. The market is up 90% over the last 12 months. 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 |
|---|---|---|---|---|---|---|
| Thu, 09 Apr 2026 | Z$105.4b | Z$68.4b | Z$6.6b | 927.8x | 15.9x | 1.5x |
| Sat, 07 Mar 2026 | Z$104.8b | Z$74.5b | Z$7.8b | 12.7x | 13.4x | 1.4x |
| Mon, 02 Feb 2026 | Z$102.5b | Z$74.5b | Z$7.8b | 16.7x | 13.1x | 1.4x |
| Wed, 31 Dec 2025 | Z$79.9b | Z$73.8b | Z$7.8b | 16.4x | 10.2x | 1.1x |
| Fri, 28 Nov 2025 | Z$54.5b | Z$70.8b | Z$7.7b | 561.9x | 7.1x | 0.8x |
| Sun, 26 Oct 2025 | Z$62.4b | Z$66.7b | Z$8.2b | 378.8x | 7.6x | 0.9x |
| Tue, 23 Sep 2025 | Z$62.0b | Z$77.3b | Z$8.9b | 1123.3x | 6.9x | 0.8x |
| Thu, 21 Aug 2025 | Z$156.1b | Z$76.4b | Z$8.6b | 1223.1x | 18.2x | 2x |
| Sat, 19 Jul 2025 | Z$19.2b | Z$4.5b | Z$3.5b | 1175.8x | 5.4x | 4.3x |
| Mon, 16 Jun 2025 | Z$19.0b | Z$4.5b | Z$3.5b | 1022x | 5.4x | 4.2x |
| Wed, 14 May 2025 | Z$19.2b | Z$1.3b | Z$1.6b | 1199.7x | 12.1x | 14.5x |
| Fri, 11 Apr 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Sun, 09 Mar 2025 | Z$17.7b | Z$269.0b | Z$41.4b | 0.3x | 0.4x | 0.07x |
| Tue, 04 Feb 2025 | Z$17.9b | Z$269.0b | Z$41.4b | 0.4x | 0.4x | 0.07x |
| Thu, 02 Jan 2025 | Z$19.8b | Z$810.1b | Z$91.4b | 0.2x | 0.2x | 0.02x |
| Sat, 30 Nov 2024 | Z$26.4b | Z$810.1b | Z$91.4b | 0.3x | 0.3x | 0.03x |
| Mon, 28 Oct 2024 | Z$30.8b | Z$986.0b | Z$80.0b | 0.4x | 0.4x | 0.03x |
| Wed, 25 Sep 2024 | Z$25.8b | Z$986.0b | Z$80.0b | 0.4x | 0.3x | 0.03x |
| Fri, 23 Aug 2024 | Z$20.6b | Z$986.7b | Z$80.2b | 0.6x | 0.3x | 0.02x |
| Sun, 21 Jul 2024 | Z$20.3b | Z$1.0t | Z$80.2b | 0.5x | 0.3x | 0.02x |
| Tue, 18 Jun 2024 | Z$12.6b | Z$1.0t | Z$80.2b | 0.4x | 0.2x | 0.01x |
| Thu, 16 May 2024 | Z$10.1b | Z$2.3t | Z$382.6b | 0.03x | 0.03x | 0.004x |
| Sat, 13 Apr 2024 | Z$24.7t | Z$1.9t | Z$382.6b | 64.9x | 64.6x | 13.1x |
| Mon, 11 Mar 2024 | Z$12.8t | Z$1.9t | Z$383.0b | 31.5x | 33.3x | 6.8x |
| Wed, 07 Feb 2024 | Z$13.7t | Z$1.4t | Z$336.2b | 78.7x | 40.8x | 9.9x |
| Fri, 05 Jan 2024 | Z$6.9t | Z$1.5t | Z$348.2b | 30.9x | 19.9x | 4.5x |
| Sun, 03 Dec 2023 | Z$5.5t | Z$1.5t | Z$348.2b | 30.9x | 15.7x | 3.6x |
| Tue, 31 Oct 2023 | Z$1.0t | Z$305.6b | Z$13.4b | 42x | 76.8x | 3.4x |
| Thu, 28 Sep 2023 | Z$911.6b | Z$305.6b | Z$13.4b | 31.2x | 68x | 3x |
| Sat, 26 Aug 2023 | Z$863.6b | Z$305.0b | Z$13.0b | 27x | 66.5x | 2.8x |
| Mon, 24 Jul 2023 | Z$812.1b | Z$305.0b | Z$13.0b | 24.8x | 62.6x | 2.7x |
| Wed, 21 Jun 2023 | Z$892.4b | Z$288.8b | Z$10.8b | 23.4x | 82.6x | 3.1x |
| Fri, 19 May 2023 | Z$742.5b | Z$235.2b | Z$17.9b | 76.2x | 41.4x | 3.2x |
| Sun, 16 Apr 2023 | Z$399.0b | Z$226.8b | Z$17.6b | 30.9x | 22.6x | 1.8x |
Price to Earnings Ratio
22.6x
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 15.9x which is lower than its 3-year average PE of 21.7x.
Past Earnings Growth
- The earnings for companies in the Zimbabwean industry have declined 28% per year over the last three years.
- Revenues have also declined 33% 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 | 1.63% | |
| Consumer Staples | 3.79% | |
| Financials | 0.70% | |
| Materials | 0.11% | |
| Real Estate | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Industrials | -5.06% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| DLTA Delta | US$26.98 | 3.5% +US$1.2b | 76.5% | PE1852.3x | Consumer Staples | |
| PROL Proplastics | US$1.52 | 0.6% +US$2.3m | 46.6% | PE2200.2x | Industrials | |
| NPKZ Nampak Zimbabwe | US$0.75 | 0.1% +US$755.6k | -34.7% | PE2.7x | Materials |
