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Kenyan (NSE) Market Analysis & Valuation
UpdatedApr 05, 2026
DataAggregated Company Financials
Companies53
- 7D1.8%
- 3M5.9%
- 1Y54.3%
- YTD5.5%
The market has climbed 1.8% in the last 7 days, lead by the Financials sector with a gain of 2.5%. As for the past 12 months, the market is up 54%. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Kenyan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | KSh3.2t | KSh2.0t | KSh452.3b | 7.9x | 7.2x | 1.6x |
| Tue, 03 Mar 2026 | KSh3.3t | KSh1.9t | KSh422.2b | 7.6x | 7.9x | 1.7x |
| Thu, 29 Jan 2026 | KSh3.0t | KSh1.9t | KSh418.8b | 7.1x | 7.2x | 1.6x |
| Sat, 27 Dec 2025 | KSh2.8t | KSh1.9t | KSh403.5b | 6.3x | 7.1x | 1.5x |
| Mon, 24 Nov 2025 | KSh2.9t | KSh1.9t | KSh407.5b | 6.4x | 7.2x | 1.5x |
| Wed, 22 Oct 2025 | KSh2.8t | KSh1.9t | KSh392.5b | 6.3x | 7x | 1.5x |
| Fri, 19 Sep 2025 | KSh2.7t | KSh1.9t | KSh407.7b | 5.7x | 6.6x | 1.4x |
| Sun, 17 Aug 2025 | KSh2.5t | KSh1.9t | KSh406.8b | 4.9x | 6.3x | 1.3x |
| Tue, 15 Jul 2025 | KSh2.4t | KSh1.9t | KSh397.5b | 4.3x | 6x | 1.3x |
| Thu, 12 Jun 2025 | KSh2.2t | KSh1.9t | KSh397.2b | 4x | 5.5x | 1.2x |
| Sat, 10 May 2025 | KSh1.9t | KSh1.9t | KSh384.5b | 3.8x | 5x | 1x |
| Mon, 07 Apr 2025 | KSh2.0t | KSh1.9t | KSh385.9b | 4.6x | 5.2x | 1x |
| Wed, 05 Mar 2025 | KSh2.0t | KSh1.9t | KSh367.5b | 5.5x | 5.4x | 1.1x |
| Fri, 31 Jan 2025 | KSh2.0t | KSh1.9t | KSh354.3b | 5.3x | 5.5x | 1x |
| Sun, 29 Dec 2024 | KSh1.9t | KSh1.9t | KSh354.1b | 5.4x | 5.3x | 1x |
| Tue, 26 Nov 2024 | KSh1.7t | KSh1.9t | KSh352.3b | 4.7x | 4.9x | 0.9x |
| Thu, 24 Oct 2024 | KSh1.8t | KSh1.8t | KSh320.4b | 5x | 5.5x | 1x |
| Sat, 21 Sep 2024 | KSh1.6t | KSh1.8t | KSh320.4b | 4.5x | 5.1x | 0.9x |
| Mon, 19 Aug 2024 | KSh1.6t | KSh1.7t | KSh308.3b | 4.5x | 5.1x | 0.9x |
| Wed, 17 Jul 2024 | KSh1.7t | KSh1.7t | KSh299.9b | 4.8x | 5.6x | 1x |
| Fri, 14 Jun 2024 | KSh1.7t | KSh1.7t | KSh298.6b | 4.9x | 5.8x | 1x |
| Sun, 12 May 2024 | KSh1.6t | KSh1.7t | KSh285.5b | 4.6x | 5.7x | 0.9x |
| Tue, 09 Apr 2024 | KSh1.7t | KSh1.7t | KSh285.1b | 5.7x | 5.9x | 1x |
| Thu, 07 Mar 2024 | KSh1.4t | KSh1.7t | KSh285.9b | 5.3x | 5x | 0.8x |
| Sat, 03 Feb 2024 | KSh1.4t | KSh1.7t | KSh287.6b | 5.2x | 4.9x | 0.8x |
| Mon, 01 Jan 2024 | KSh1.4t | KSh1.7t | KSh289.9b | 4.9x | 4.8x | 0.8x |
| Wed, 29 Nov 2023 | KSh1.4t | KSh1.7t | KSh288.3b | 4.9x | 4.9x | 0.8x |
| Fri, 27 Oct 2023 | KSh1.4t | KSh1.6t | KSh286.8b | 5.4x | 4.7x | 0.8x |
| Sun, 24 Sep 2023 | KSh1.5t | KSh1.6t | KSh286.7b | 6x | 5.1x | 0.9x |
| Tue, 22 Aug 2023 | KSh1.5t | KSh1.6t | KSh283.7b | 6x | 5.4x | 1x |
| Thu, 20 Jul 2023 | KSh1.7t | KSh1.6t | KSh289.3b | 5.7x | 5.9x | 1.1x |
| Sat, 17 Jun 2023 | KSh1.5t | KSh1.6t | KSh287.0b | 5.3x | 5.3x | 0.9x |
| Mon, 15 May 2023 | KSh1.4t | KSh1.6t | KSh284.5b | 4.3x | 5x | 0.9x |
| Wed, 12 Apr 2023 | KSh1.7t | KSh1.5t | KSh284.9b | 4.7x | 6.1x | 1.1x |
Price to Earnings Ratio
6.1x
Current Market PE
- Investors are optimistic on the Kenyan market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 7.2x which is higher than its 3-year average PE of 5.7x.
Past Earnings Growth
- The earnings for Kenyan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 9.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Kenyan Market?
| KE Market | 1.81% | |
| Utilities | 3.76% | |
| Materials | 3.06% | |
| Financials | 2.53% | |
| Telecom | 1.60% | |
| Energy | 0.13% | |
| Real Estate | 0% | 0 |
| Consumer Staples | -0.40% | |
| Consumer Discretionary | -1.28% | |
| Industrials | -2.12% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 7.5x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.2x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|---|
| SCOM Safaricom | KSh28.50 | 1.6% +KSh18.0b | 52.8% | PE13.5x | Telecom | |
| ABSA Absa Bank Kenya | KSh29.60 | 8.8% +KSh13.0b | 63.5% | PB1.6x | Financials | |
| COOP Co-operative Bank of Kenya | KSh28.70 | 6.3% +KSh10.0b | 77.7% | PB1x | Financials | |
| SBIC Stanbic Holdings | KSh274.50 | 6.1% +KSh6.2b | 65.9% | PB1.4x | Financials | |
| KQ Kenya Airways | KSh5.48 | 14.4% +KSh3.9b | 10.5% | PS0.2x | Industrials |
