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Jamaican (JSE) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies92
  • 7D0.06%
  • 3M7.3%
  • 1Y0.9%
  • YTD1.8%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 3.3% in that time. In line with that, 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
Tue, 19 Mar 2024JA$1.6tJA$1.2tJA$150.3b15.1x10.4x1.3x
Thu, 15 Feb 2024JA$1.5tJA$1.1tJA$147.5b15.2x10.4x1.4x
Sat, 13 Jan 2024JA$1.5tJA$1.1tJA$145.4b15.1x10.3x1.4x
Mon, 11 Dec 2023JA$1.4tJA$1.1tJA$145.4b14.8x9.7x1.3x
Wed, 08 Nov 2023JA$1.4tJA$1.1tJA$143.6b14.9x9.7x1.3x
Fri, 06 Oct 2023JA$1.4tJA$1.1tJA$143.4b15.4x9.9x1.3x
Sun, 03 Sep 2023JA$1.4tJA$1.1tJA$141.5b15x10.2x1.3x
Tue, 01 Aug 2023JA$1.4tJA$1.1tJA$128.6b14.7x11.2x1.4x
Thu, 29 Jun 2023JA$1.5tJA$1.1tJA$134.8b15.3x11.1x1.4x
Sat, 27 May 2023JA$1.5tJA$1.1tJA$132.1b14.9x11.3x1.4x
Mon, 24 Apr 2023JA$1.5tJA$1.0tJA$135.6b15.1x11.1x1.5x
Wed, 22 Mar 2023JA$1.4tJA$1.0tJA$132.9b14.4x10.8x1.4x
Fri, 17 Feb 2023JA$1.5tJA$1.0tJA$136.6b15.2x11x1.5x
Sun, 15 Jan 2023JA$1.6tJA$1.0tJA$138.8b15.8x11.2x1.5x
Tue, 13 Dec 2022JA$1.5tJA$999.3bJA$136.4b15.1x11.2x1.5x
Thu, 10 Nov 2022JA$1.6tJA$956.2bJA$137.2b16.4x11.4x1.6x
Sat, 08 Oct 2022JA$1.6tJA$952.7bJA$138.7b16.5x11.7x1.7x
Mon, 05 Sep 2022JA$1.6tJA$934.8bJA$137.3b16.1x11.8x1.7x
Wed, 03 Aug 2022JA$1.7tJA$915.2bJA$133.4b16.4x12.7x1.9x
Fri, 01 Jul 2022JA$1.7tJA$897.5bJA$128.8b15.5x13.3x1.9x
Sun, 29 May 2022JA$1.7tJA$858.2bJA$122.3b15.6x14.2x2x
Tue, 26 Apr 2022JA$1.8tJA$837.9bJA$112.5b20x16x2.1x
Thu, 24 Mar 2022JA$1.7tJA$827.4bJA$110.6b18.1x15.2x2x
Sat, 19 Feb 2022JA$1.7tJA$822.8bJA$107.5b19.1x16.1x2.1x
Mon, 17 Jan 2022JA$1.7tJA$822.3bJA$108.6b17.8x15.3x2x
Wed, 15 Dec 2021JA$1.6tJA$817.8bJA$111.2b16.8x14.8x2x
Fri, 12 Nov 2021JA$1.7tJA$795.7bJA$105.8b19.4x16x2.1x
Sun, 10 Oct 2021JA$1.7tJA$791.6bJA$105.8b18x16.1x2.2x
Tue, 07 Sep 2021JA$1.7tJA$787.8bJA$102.8b17.7x16.6x2.2x
Thu, 05 Aug 2021JA$1.7tJA$787.5bJA$104.2b17.9x16.5x2.2x
Sun, 09 May 2021JA$1.7tJA$745.5bJA$96.6b18.8x17.4x2.3x
Price to Earnings Ratio

16.9x


Total Market Cap: JA$1.6tTotal Earnings: JA$96.0bTotal Revenue: JA$744.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Jamaican Market Price to Earnings3Y Average 13x202220232024
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 10.4x which is lower than its 3-year average PE of 13.0x.
Past Earnings Growth
  • The earnings for Jamaican listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market0.065%
Energy3.26%
Consumer Discretionary1.92%
Industrials1.26%
Real Estate1.13%
Utilities0.11%
Materials0.0063%
Financials0.0031%
Telecom-0.057%
Consumer Staples-0.83%
Healthcare-1.36%
Tech-3.87%
Sector PE
  • Investors favour the Energy sector the most for future growth, which is trading close to its 3-year average PE ratio of 66.7x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.7x.
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
SGJ Scotia Group JamaicaJA$46.004.5%
+JA$6.2b
35.3%PB1.2xFinancials
SJ Sagicor Group JamaicaJA$41.002.5%
+JA$3.9b
-12.2%PE11.1xFinancials
KW Kingston WharvesJA$32.504.8%
+JA$2.1b
-5.7%PE14.7xIndustrials
PJAM Pan Jamaica GroupJA$47.752.6%
+JA$1.9b
-15.5%PE30.9xReal Estate
NCBFG NCB Financial GroupJA$67.500.7%
+JA$1.2b
-3.1%PB1xFinancials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

SGJ

JA$46.00

Scotia Group Jamaica

7D

4.5%

1Y

35.3%

KW

JA$32.50

Kingston Wharves

7D

4.8%

1Y

-5.7%

PBS

US$1.70

Productive Business Solutions

7D

-5.6%

1Y

-2.9%

PJAM

JA$47.75

Pan Jamaica Group

7D

2.6%

1Y

-15.5%

JP

JA$22.50

Jamaica Producers Group

7D

-6.3%

1Y

11.1%

PULS

JA$2.09

Pulse Investments

7D

7.7%

1Y

-27.7%

SJ

JA$41.00

Sagicor Group Jamaica

7D

2.5%

1Y

-12.2%

MGL

JA$7.00

Mayberry Group

7D

-12.5%

1Y

n/a

SEP

JA$84.00

Seprod

7D

-1.2%

1Y

35.5%

SRFJMD

JA$11.01

Sygnus Real Estate Finance

7D

-15.0%

1Y

15.9%

NCBFG

JA$67.50

NCB Financial Group

7D

0.7%

1Y

-3.1%

JMMBGL

JA$27.20

JMMB Group

7D

1.9%

1Y

-7.9%

PROVENJA

JA$23.57

PROVEN Group

7D

6.0%

1Y

-14.4%

LASM

JA$5.30

Lasco Manufacturing

7D

-3.3%

1Y

28.6%

WISYNCO

JA$20.50

Wisynco Group

7D

-3.3%

1Y

20.6%