Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedNov 15, 2025

DataAggregated Company Financials

Companies37

7D2.5%
3M5.6%
1Y-27.9%
YTD-7.2%

The market has climbed 2.5% in the last 7 days, lead by the Financials sector with a gain of 4.5%. On the other hand, with a decline of 4.0%, the Industrials sector is lagging behind. Over the past year the market is down 28%.

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, 18 Nov 2025	Z$52.5b	Z$68.7b	Z$8.3b	414x	6.3x	0.8x
Thu, 16 Oct 2025	Z$60.5b	Z$66.7b	Z$8.2b	382x	7.3x	0.9x
Sat, 13 Sep 2025	Z$63.7b	Z$77.4b	Z$8.9b	1123.7x	7.1x	0.8x
Mon, 11 Aug 2025	Z$153.5b	Z$74.7b	Z$8.5b	1200.1x	18.2x	2.1x
Wed, 09 Jul 2025	Z$19.0b	Z$4.5b	Z$3.5b	1175.2x	5.4x	4.2x
Fri, 06 Jun 2025	Z$19.5b	Z$1.3b	Z$1.6b	1229.3x	12.3x	14.7x
Sun, 04 May 2025	Z$17.7b	Z$269.0b	Z$41.4b	0.3x	0.4x	0.07x
Tue, 01 Apr 2025	Z$17.7b	Z$269.0b	Z$41.4b	0.3x	0.4x	0.07x
Thu, 27 Feb 2025	Z$17.7b	Z$269.0b	Z$41.4b	0.3x	0.4x	0.07x
Sat, 25 Jan 2025	Z$19.0b	Z$810.1b	Z$91.4b	0.2x	0.2x	0.02x
Mon, 23 Dec 2024	Z$20.1b	Z$810.1b	Z$91.4b	0.2x	0.2x	0.02x
Wed, 20 Nov 2024	Z$29.1b	Z$993.6b	Z$87.3b	0.3x	0.3x	0.03x
Fri, 18 Oct 2024	Z$28.6b	Z$986.0b	Z$80.0b	0.4x	0.4x	0.03x
Sun, 15 Sep 2024	Z$29.3b	Z$986.7b	Z$80.2b	0.8x	0.4x	0.03x
Tue, 13 Aug 2024	Z$21.1b	Z$986.7b	Z$80.2b	0.6x	0.3x	0.02x
Thu, 11 Jul 2024	Z$18.4b	Z$1.0t	Z$80.2b	0.5x	0.2x	0.02x
Sat, 08 Jun 2024	Z$11.6b	Z$1.0t	Z$80.2b	0.3x	0.1x	0.01x
Mon, 06 May 2024	Z$10.4b	Z$2.3t	Z$382.6b	0.03x	0.03x	0.004x
Wed, 03 Apr 2024	Z$23.9t	Z$1.9t	Z$382.6b	63.3x	62.5x	12.7x
Fri, 01 Mar 2024	Z$13.4t	Z$1.9t	Z$383.0b	32.6x	34.9x	7.1x
Sun, 28 Jan 2024	Z$12.6t	Z$1.5t	Z$348.2b	31.9x	36.3x	8.3x
Tue, 26 Dec 2023	Z$5.1t	Z$1.5t	Z$348.2b	30.9x	14.8x	3.4x
Thu, 23 Nov 2023	Z$985.7b	Z$413.7b	Z$13.1b	41.8x	75x	2.4x
Sat, 21 Oct 2023	Z$1.0t	Z$305.6b	Z$13.4b	42.7x	75.8x	3.3x
Mon, 18 Sep 2023	Z$961.5b	Z$305.0b	Z$13.0b	31.2x	74.1x	3.2x
Wed, 16 Aug 2023	Z$842.3b	Z$305.0b	Z$13.0b	25.1x	64.9x	2.8x
Fri, 14 Jul 2023	Z$879.0b	Z$305.0b	Z$13.0b	24.8x	67.7x	2.9x
Sun, 11 Jun 2023	Z$898.6b	Z$288.8b	Z$10.8b	23x	83.2x	3.1x
Tue, 09 May 2023	Z$553.3b	Z$235.2b	Z$17.9b	52.5x	30.9x	2.4x
Thu, 06 Apr 2023	Z$465.5b	Z$226.8b	Z$17.6b	30.9x	26.4x	2.1x
Sat, 04 Mar 2023	Z$453.2b	Z$226.8b	Z$17.6b	30.9x	25.7x	2x
Mon, 30 Jan 2023	Z$371.3b	Z$185.8b	Z$15.3b	30.6x	24.2x	2x
Wed, 28 Dec 2022	Z$331.1b	Z$186.2b	Z$13.2b	24.2x	25x	1.8x
Fri, 25 Nov 2022	Z$293.3b	Z$186.2b	Z$13.2b	19.6x	22.1x	1.6x

Price to Earnings Ratio

22.1x

Fri, 25 Nov 2022

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 6.3x which is lower than its 3-year average PE of 23.5x.

Past Earnings Growth

The earnings for companies in the Zimbabwean industry have declined 14% per year over the last three years.
Revenues have also declined 28% 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	2.53%
Materials	24.60%
Financials	4.49%
Consumer Staples	0.69%
Real Estate	0%	0
Consumer Discretionary	0%	0
Telecom	0%	0
Industrials	-3.98%

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
NPKZ Nampak Zimbabwe	US$0.72	41.2% +US$158.7m	-45.4%	PE891.4x	Materials
DLTA Delta	US$15.60	0.007% +US$1.4m	-20.2%	PE1071.3x	Consumer Staples
PROL Proplastics	US$1.03	0.4% +US$1.2m	-58.5%	PE23.3x	Industrials