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Jamaican (JSE) Market Analysis & Valuation

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies95
  • 7D2.7%
  • 3M1.2%
  • 1Y3.8%
  • YTD-5.3%

The market has climbed by 2.7% over the past week, with every sector up and the Financials sector leading the way. The market is up 3.8% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025JA$1.6tJA$1.3tJA$126.7b17.6x12.4x1.2x
Thu, 31 Jul 2025JA$1.5tJA$1.3tJA$122.9b15.7x12x1.1x
Sat, 28 Jun 2025JA$1.5tJA$1.3tJA$122.6b15.8x12.2x1.1x
Mon, 26 May 2025JA$1.6tJA$1.3tJA$116.1b16x13.4x1.2x
Wed, 23 Apr 2025JA$1.5tJA$1.3tJA$110.8b16x13.9x1.2x
Fri, 21 Mar 2025JA$1.6tJA$1.3tJA$114.1b16.3x13.9x1.3x
Sun, 16 Feb 2025JA$1.6tJA$1.2tJA$130.7b16.7x12.4x1.3x
Tue, 14 Jan 2025JA$1.6tJA$1.2tJA$128.4b16.9x12.8x1.3x
Thu, 12 Dec 2024JA$1.6tJA$1.2tJA$129.8b16.9x12.1x1.3x
Sat, 09 Nov 2024JA$1.6tJA$1.2tJA$126.1b16.1x12.4x1.3x
Mon, 07 Oct 2024JA$1.5tJA$1.2tJA$128.1b15.1x11.7x1.2x
Wed, 04 Sep 2024JA$1.5tJA$1.2tJA$127.8b13.9x11.6x1.2x
Fri, 02 Aug 2024JA$1.5tJA$1.2tJA$143.9b14.4x10.4x1.3x
Sun, 30 Jun 2024JA$1.5tJA$1.2tJA$144.1b14.3x10.7x1.3x
Tue, 28 May 2024JA$1.5tJA$1.2tJA$155.1b13.8x9.6x1.2x
Thu, 25 Apr 2024JA$1.5tJA$1.2tJA$149.6b14.9x9.9x1.3x
Sat, 23 Mar 2024JA$1.6tJA$1.2tJA$150.3b14.6x10.3x1.3x
Mon, 19 Feb 2024JA$1.5tJA$1.1tJA$150.8b14.7x9.9x1.3x
Wed, 17 Jan 2024JA$1.5tJA$1.1tJA$145.4b14.8x10.3x1.3x
Fri, 15 Dec 2023JA$1.4tJA$1.1tJA$145.5b14.4x9.7x1.3x
Sun, 12 Nov 2023JA$1.4tJA$1.1tJA$144.9b14.1x9.7x1.3x
Tue, 10 Oct 2023JA$1.4tJA$1.1tJA$143.4b14.5x9.7x1.3x
Thu, 07 Sep 2023JA$1.4tJA$1.1tJA$141.5b15x10.1x1.3x
Sat, 05 Aug 2023JA$1.5tJA$1.1tJA$129.1b15.4x11.4x1.4x
Mon, 03 Jul 2023JA$1.5tJA$1.1tJA$134.9b16x11.3x1.4x
Wed, 31 May 2023JA$1.5tJA$1.1tJA$132.8b15.8x11.3x1.4x
Fri, 28 Apr 2023JA$1.5tJA$1.0tJA$134.3b15x11.3x1.5x
Sun, 26 Mar 2023JA$1.4tJA$1.0tJA$133.1b14.2x10.7x1.4x
Tue, 21 Feb 2023JA$1.5tJA$1.0tJA$137.6b15.2x10.7x1.5x
Thu, 19 Jan 2023JA$1.5tJA$1.0tJA$138.8b15.8x11.1x1.5x
Sat, 17 Dec 2022JA$1.5tJA$1.0tJA$138.4b14.8x10.9x1.5x
Mon, 14 Nov 2022JA$1.6tJA$958.9bJA$136.8b15.9x11.4x1.6x
Wed, 12 Oct 2022JA$1.6tJA$953.2bJA$138.7b15.7x11.7x1.7x
Fri, 09 Sep 2022JA$1.6tJA$935.6bJA$137.5b16.1x11.7x1.7x
Price to Earnings Ratio

11.7x


Total Market Cap: JA$1.6tTotal Earnings: JA$137.5bTotal Revenue: JA$935.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Jamaican Market Price to Earnings3Y Average 11.3x202320242025
Current Market PE
  • Investors are relatively neutral on the Jamaican market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 11.3x.
Past Earnings Growth
  • The earnings for Jamaican listed companies have declined 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Jamaican Market?

JM Market2.68%
Tech15.00%
Energy7.14%
Materials5.92%
Telecom4.11%
Industrials3.24%
Real Estate3.06%
Consumer Staples2.33%
Financials2.07%
Utilities1.70%
Healthcare1.40%
Consumer Discretionary1.02%
Sector PE
  • Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 63.0x.
    • 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?

CompanyLast Price7D1YValuationSector
NCBFG NCB Financial GroupJA$41.603.8%
+JA$3.6b		-20.0%PB0.5xFinancials
CCC Caribbean CementJA$95.003.4%
+JA$2.7b		47.5%PE19.2xMaterials
BIL Barita InvestmentsJA$72.002.8%
+JA$2.4b		-2.0%PE27.2xFinancials
SJ Sagicor Group JamaicaJA$41.851.3%
+JA$2.1b		4.4%PE11.7xFinancials
GK GraceKennedyJA$72.982.7%
+JA$1.9b		-1.4%PE8.8xConsumer Staples
See more

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NCBFG
JA$41.60
NCB Financial Group
7D
3.8%
1Y
-20.0%
JMMBGL
JA$19.84
JMMB Group
7D
4.4%
1Y
-8.8%
SPURTREE
JA$1.10
Spur Tree Spices Jamaica
7D
-21.4%
1Y
-42.1%
ASBH
JA$23.72
A.S. Bryden & Sons Holdings
7D
-10.4%
1Y
-34.2%
CAR
JA$17.37
Carreras
7D
-2.4%
1Y
79.1%
PJAM
JA$51.00
Pan Jamaica Group
7D
-1.9%
1Y
1.8%
SVL
JA$19.50
Supreme Ventures
7D
2.6%
1Y
-5.6%
CCC
JA$95.00
Caribbean Cement
7D
3.4%
1Y
47.5%
JSE
JA$11.71
Jamaica Stock Exchange
7D
-6.2%
1Y
7.9%
SJ
JA$41.85
Sagicor Group Jamaica
7D
1.3%
1Y
4.4%
JBG
JA$26.80
Jamaica Broilers Group
7D
6.1%
1Y
-18.8%
BIL
JA$72.00
Barita Investments
7D
2.8%
1Y
-2.0%
GK
JA$72.98
GraceKennedy
7D
2.7%
1Y
-1.4%
SML
JA$6.00
Stanley Motta
7D
-6.8%
1Y
-7.7%
FOSRICH
JA$2.12
FosRich
7D
-6.2%
1Y
-5.8%
WISYNCO
JA$21.87
Wisynco Group
7D
-0.5%
1Y
2.7%