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Jamaican (JSE) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies91
  • 7D-0.4%
  • 3M-3.4%
  • 1Y-1.5%
  • YTD-2.6%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 5.7% in that time. As for the longer term, the market has also been flat over the past year.

Market Valuation and Performance

Has the Jamaican Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024JA$1.5tJA$1.2tJA$154.3b13.5x9.8x1.3x
Fri, 17 May 2024JA$1.5tJA$1.2tJA$149.9b14.2x10.1x1.3x
Sun, 14 Apr 2024JA$1.6tJA$1.2tJA$149.4b15.2x10.4x1.3x
Tue, 12 Mar 2024JA$1.5tJA$1.2tJA$148.8b14.9x10.2x1.3x
Thu, 08 Feb 2024JA$1.5tJA$1.1tJA$144.9b15.2x10.7x1.4x
Sat, 06 Jan 2024JA$1.5tJA$1.1tJA$145.5b14.8x10.4x1.4x
Mon, 04 Dec 2023JA$1.4tJA$1.1tJA$146.2b14.8x9.6x1.3x
Wed, 01 Nov 2023JA$1.4tJA$1.1tJA$143.6b14.8x9.8x1.3x
Fri, 29 Sep 2023JA$1.4tJA$1.1tJA$143.3b14.7x9.8x1.3x
Sun, 27 Aug 2023JA$1.4tJA$1.1tJA$141.9b14.4x10.1x1.3x
Tue, 25 Jul 2023JA$1.5tJA$1.1tJA$128.7b15.7x11.3x1.4x
Thu, 22 Jun 2023JA$1.5tJA$1.1tJA$134.8b15.6x10.9x1.4x
Sat, 20 May 2023JA$1.5tJA$1.0tJA$128.9b16x11.5x1.4x
Mon, 17 Apr 2023JA$1.5tJA$1.0tJA$135.6b14.9x10.8x1.4x
Wed, 15 Mar 2023JA$1.5tJA$1.0tJA$135.0b14.7x10.9x1.4x
Fri, 10 Feb 2023JA$1.5tJA$1.0tJA$138.3b15.4x10.9x1.5x
Sun, 08 Jan 2023JA$1.6tJA$1.0tJA$138.7b16.1x11.2x1.5x
Tue, 06 Dec 2022JA$1.5tJA$993.3bJA$134.9b14.7x11.3x1.5x
Thu, 03 Nov 2022JA$1.6tJA$954.6bJA$136.9b16.4x11.5x1.6x
Sat, 01 Oct 2022JA$1.6tJA$952.8bJA$138.7b16.6x11.7x1.7x
Mon, 29 Aug 2022JA$1.6tJA$934.7bJA$138.7b15.8x11.7x1.7x
Wed, 27 Jul 2022JA$1.7tJA$915.5bJA$133.7b16x12.6x1.8x
Fri, 24 Jun 2022JA$1.7tJA$897.8bJA$128.8b14.2x13.2x1.9x
Sun, 22 May 2022JA$1.8tJA$847.8bJA$118.1b18.5x14.9x2.1x
Tue, 19 Apr 2022JA$1.8tJA$837.8bJA$112.5b19.3x15.8x2.1x
Thu, 17 Mar 2022JA$1.7tJA$825.4bJA$109.1b17.8x15.4x2x
Sat, 12 Feb 2022JA$1.8tJA$823.4bJA$108.7b19.3x16.1x2.1x
Mon, 10 Jan 2022JA$1.7tJA$822.4bJA$108.6b17.6x15.4x2x
Wed, 08 Dec 2021JA$1.6tJA$817.9bJA$111.2b17x14.7x2x
Fri, 05 Nov 2021JA$1.7tJA$792.4bJA$104.5b18.4x16.4x2.2x
Sun, 03 Oct 2021JA$1.7tJA$789.1bJA$105.0b17.9x16.5x2.2x
Tue, 31 Aug 2021JA$1.7tJA$787.5bJA$104.2b17.5x16.6x2.2x
Wed, 07 Jul 2021JA$1.7tJA$786.0bJA$104.0b18.1x16.8x2.2x
Price to Earnings Ratio

16.8x


Total Market Cap: JA$1.7tTotal Earnings: JA$104.0bTotal Revenue: JA$786.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Jamaican Market Price to Earnings3Y Average 12.4x202220232024
Current Market PE
  • Investors are pessimistic on the Jamaican market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 12.4x.
Past Earnings Growth
  • The earnings for Jamaican listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Jamaican Market?

JM Market-0.43%
Utilities5.66%
Healthcare5.26%
Materials3.16%
Telecom2.63%
Real Estate2.53%
Energy2.35%
Consumer Discretionary0.56%
Consumer Staples-0.022%
Tech-0.063%
Financials-1.21%
Industrials-3.37%
Sector PE
  • Investors favour the Energy sector the most for future growth even though it's trading below its 3-year average PE ratio of 66.3x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Materials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.3x.
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?

CompanyLast Price7D1YValuationSector
ASBH A.S. Bryden & Sons HoldingsJA$42.0011.6%
+JA$6.0b
n/aPE21.7xIndustrials
SJ Sagicor Group JamaicaJA$41.001.5%
+JA$2.4b
-18.8%PE12.1xFinancials
NCBFG NCB Financial GroupJA$57.910.7%
+JA$974.5m
-14.8%PB0.9xFinancials
MPCCEL MPC Caribbean Clean EnergyJA$109.1214.9%
+JA$305.9m
81.8%PE8.2xUtilities
PTL Paramount Trading (Jamaica)JA$1.2914.2%
+JA$246.8m
-41.1%PE12xIndustrials
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

NCBFG

JA$59.00

NCB Financial Group

7D

-6.3%

1Y

-12.2%

LASM

JA$6.94

Lasco Manufacturing

7D

7.4%

1Y

54.2%

ECL

JA$4.82

Express Catering

7D

12.1%

1Y

-3.4%

CCC

JA$64.45

Caribbean Cement

7D

3.2%

1Y

28.9%

SGJ

JA$44.30

Scotia Group Jamaica

7D

-1.5%

1Y

28.4%

ASBH

JA$34.00

A.S. Bryden & Sons Holdings

7D

-9.7%

1Y

n/a

DTL

JA$1.96

Derrimon Trading

7D

6.5%

1Y

-3.0%

SJ

JA$40.50

Sagicor Group Jamaica

7D

1.5%

1Y

-16.5%

PJAM

JA$49.00

Pan Jamaica Group

7D

4.7%

1Y

-2.0%

JSE

JA$10.70

Jamaica Stock Exchange

7D

8.6%

1Y

-7.0%

SML

JA$6.11

Stanley Motta

7D

-12.6%

1Y

18.0%

JAMT

JA$2.22

Jamaican Teas

7D

-9.8%

1Y

2.3%

TJH

JA$3.09

Transjamaican Highway

7D

-1.9%

1Y

37.3%

JMMBGL

JA$24.50

JMMB Group

7D

1.7%

1Y

-15.5%

JBG

JA$32.00

Jamaica Broilers Group

7D

-3.0%

1Y

-8.5%

WISYNCO

JA$21.01

Wisynco Group

7D

-1.1%

1Y

15.4%