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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Naspers | South Africa | Consumer Marketplaces, Vertical Marketplaces, Horizontal Marketplaces, Classifieds | ZAR 1064 | $44.6B | 5.0x | 57.7x |
| Gold Fields | South Africa | Metals & Mining | ZAR 735 | $40.3B | 4.8x | 7.4x |
| Firstrand | South Africa | Commercial Banking, Investment Banking | ZAR 87 | $39.0B | 4.4x | N/A |
| Standard Bank Group | South Africa | Commercial Banking | ZAR 277 | $28.7B | 2.7x | N/A |
| Capitec Bank | South Africa | Commercial Banking | ZAR 4025 | $27.8B | 9.3x | N/A |
| MTN Group | South Africa | Telecom Service Providers, Internet Service Providers | ZAR 158 | $19.4B | 1.5x | 3.4x |
| Vodacom | South Africa | Telecom Service Providers, Internet Service Providers | ZAR 134 | $18.5B | 1.9x | 5.2x |
| Absa Group | South Africa | Commercial Banking | ZAR 217 | $17.9B | 2.6x | N/A |
| Shoprite | South Africa | Department Stores | ZAR 275 | $11.5B | 0.7x | 8.2x |
| Sanlam | South Africa | Insurance Carriers, Asset Management | ZAR 97 | $10.8B | 6.1x | N/A |
| Nedbank Group | South Africa | Commercial Banking | ZAR 259 | $10.2B | 2.3x | N/A |
| NEPI Rockcastle | South Africa | Real Estate Development | ZAR 143 | $9.1B | 11.0x | 15.0x |
| Bidcorp Group | South Africa | Wholesale Distribution | ZAR 412 | $9.0B | 0.6x | 9.3x |
| Discovery | South Africa | Insurance Carriers, Asset Management | ZAR 229 | $9.0B | 2.9x | N/A |
| Sasol | South Africa | Chemicals | ZAR 101 | $8.2B | 0.6x | 2.9x |
| Pepkor | South Africa | Specialty Stores | ZAR 28 | $7.4B | 1.3x | 7.8x |
| OUTsurance Group | South Africa | Insurance Carriers | ZAR 72 | $6.5B | 3.1x | N/A |
| Remgro | South Africa | Asset Management | ZAR 178 | $5.4B | 1.8x | 20.5x |
| Redefine Properties | South Africa | Real Estate Development | ZAR 6 | $4.9B | 9.6x | 15.2x |
| Clicks Group | South Africa | Pharmacies | ZAR 344 | $4.8B | 1.7x | 11.9x |
| Aspen Pharmacare | South Africa | Biopharmaceuticals, Drug Development & Therapeutics | ZAR 95 | $4.2B | 1.6x | 9.1x |
| MultiChoice Group | South Africa | TV Broadcasting, Streaming | ZAR 124 | $4.0B | N/A | N/A |
| Woolworths | South Africa | Department Stores, Supermarkets, General Merchandise | ZAR 57 | $3.9B | 0.8x | 8.6x |
| Mr Price Group | South Africa | Specialty Stores, Clothing & Accessories | ZAR 217 | $3.6B | 1.5x | 6.9x |
| Tiger Brands | South Africa | Food & Beverages, Baby & Child Care, Health & Beauty, Home Care | ZAR 364 | $3.0B | 1.5x | 10.4x |
| Foschini Group | South Africa | Specialty Stores | ZAR 83 | $3.0B | 0.8x | 4.1x |
| Sappi | South Africa | Paper & Forest Products | ZAR 24 | $2.8B | 0.5x | 5.4x |
| Santam | South Africa | Insurance Carriers, Reinsurance | ZAR 419 | $2.5B | 1.0x | 6.7x |
| AVI | South Africa | Food & Beverages | ZAR 105 | $2.2B | 2.3x | 8.7x |
| Hyprop Investments | South Africa | Real Estate Development | ZAR 57 | $2.1B | 14.1x | N/A |
| Dis-Chem Pharmacies | South Africa | Pharmacies | ZAR 35 | $2.1B | 0.8x | 10.4x |
| Spar Group | South Africa | Supermarkets, Wholesale Distribution | ZAR 102 | $2.0B | 0.3x | 7.7x |
| Telkom South Africa | South Africa | Telecom Service Providers, Internet Service Providers | ZAR 53 | $2.0B | 0.8x | 2.9x |
| Pick n Pay | South Africa | Department Stores, General Merchandise | ZAR 25 | $1.9B | 0.3x | 6.0x |
| Old Mutual | South Africa | Insurance Carriers, Asset Management | ZAR 14 | $1.9B | 0.6x | N/A |
| PSG Financial Services | South Africa | Asset Management | ZAR 27 | $1.9B | N/A | N/A |
| Netcare | South Africa | Hospitals & Clinics | ZAR 15 | $1.8B | 1.1x | 6.0x |
| Exxaro Resources | South Africa | Fossil Fuels | ZAR 172 | $1.7B | 0.7x | 2.8x |
| Lighthouse Properties | South Africa | Real Estate Development | ZAR 8 | $1.7B | N/A | N/A |
| Truworths | South Africa | Clothing & Accessories, Specialty Stores | ZAR 56 | $1.4B | 1.1x | 4.4x |
| MAS | South Africa | Real Estate Development | ZAR 22 | $1.3B | 10.9x | 11.6x |
| Advtech | South Africa | Education & Training | ZAR 37 | $1.3B | 2.6x | 9.8x |
| WeBuyCars | South Africa | Consumer Marketplaces, Vertical Marketplaces, Consumer E-commerce, Vertical E-commerce | ZAR 48 | $1.3B | 0.8x | 13.8x |
| Datatec | South Africa | IT Consulting | ZAR 79 | $1.1B | N/A | N/A |
| Attacq Limited | South Africa | Real Estate Development | ZAR 16 | $1.0B | 10.0x | N/A |
| Life Healthcare Group | South Africa | Hospitals & Clinics | ZAR 11 | $954M | 0.6x | 4.1x |
| Momentum Group | South Africa | Insurance Carriers | ZAR 37 | $908M | N/A | N/A |
| Sun International | South Africa | Casinos & Gambling | ZAR 39 | $872M | 1.2x | 4.2x |
| Tsogo Sun | South Africa | Casinos & Gambling, Accommodation | ZAR 7 | $803M | 1.2x | 4.0x |
| Blu Label Unlimited Group | South Africa | Telecom Service Providers, Internet Service Providers | ZAR 10 | $802M | N/A | N/A |
| Super Group | South Africa | Logistics & Air Freight | ZAR 20 | $676M | 0.3x | 3.0x |
| Grindrod | South Africa | Logistics & Air Freight | ZAR 16 | $638M | N/A | N/A |
| Johannesburg Stock Exchange | South Africa | Stock Exchanges | ZAR 134 | $531M | N/A | N/A |
| Raubex Group | South Africa | Construction & Engineering | ZAR 42 | $500M | 0.4x | 3.8x |
| Altron | South Africa | IT Consulting | ZAR 19 | $477M | 0.8x | 4.3x |
| Famous Brands | South Africa | Restaurants & Nightlife | ZAR 56 | $395M | 0.8x | 5.8x |
| Sygnia Ltd | South Africa | Asset Management | ZAR 38 | $331M | N/A | N/A |
| Tharisa | South Africa | Metals & Mining | ZAR 20 | $283M | 0.4x | 1.6x |
| Balwin Properties | South Africa | Real Estate Development | ZAR 3 | $250M | 1.9x | 10.9x |
| Spear REIT | South Africa | Real Estate Development | ZAR 12 | $234M | 8.1x | N/A |
| Finbond Group Ltd | South Africa | Lending Solutions | ZAR 1 | $225M | N/A | N/A |
| Orion Minerals | South Africa | Metals & Mining | ZAR 0 | $115M | 591.3x | -166.5x |
| Caxton and CTP Publishers and Printers | South Africa | Publishing | ZAR 14 | $105M | N/A | N/A |
| Novus Holdings | South Africa | Printing | ZAR 6 | $101M | N/A | N/A |
| Calgro M3 Holdings | South Africa | Real Estate Development | ZAR 5 | $92.1M | 1.6x | 8.0x |
| Huge Group Ltd | South Africa | Telecom Infrastructure | ZAR 1 | $30.4M | N/A | N/A |
| Murray & Roberts | South Africa | Construction & Engineering | ZAR 1 | $12.5M | N/A | N/A |
| Telemasters Holdings Ltd | South Africa | Telecom Infrastructure | ZAR 1 | $3.4M | N/A | N/A |
| Investec | South Africa | Investment Banking | ZAR 119 | -$78.1M | N/A | N/A |
| Ninety One | South Africa | Asset Management | ZAR 46 | -$15.2B | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 9, 2025. Financial data powered by Morningstar and FactSet.
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