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Jamaican (JSE) Market Analysis & Valuation
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies95
- 7D0.8%
- 3M3.0%
- 1Y3.9%
- YTD-5.9%
The Communication Services sector gained 10% while the market remained flat over the last week. Meanwhile, the market is actually up 3.9% over the past year.
Market Valuation and Performance
Has the Jamaican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | JA$1.6t | JA$1.3t | JA$126.5b | 16.8x | 12.3x | 1.2x |
| Thu, 14 Aug 2025 | JA$1.5t | JA$1.3t | JA$122.9b | 16.7x | 12.4x | 1.1x |
| Sat, 12 Jul 2025 | JA$1.5t | JA$1.3t | JA$122.5b | 15.8x | 12.2x | 1.1x |
| Mon, 09 Jun 2025 | JA$1.5t | JA$1.3t | JA$123.2b | 16x | 12.5x | 1.2x |
| Wed, 07 May 2025 | JA$1.6t | JA$1.3t | JA$109.7b | 16.3x | 14.7x | 1.3x |
| Fri, 04 Apr 2025 | JA$1.6t | JA$1.3t | JA$111.6b | 16.7x | 14.4x | 1.3x |
| Sun, 02 Mar 2025 | JA$1.6t | JA$1.2t | JA$115.5b | 17.8x | 14.2x | 1.3x |
| Tue, 28 Jan 2025 | JA$1.6t | JA$1.2t | JA$129.3b | 17.2x | 12.7x | 1.3x |
| Thu, 26 Dec 2024 | JA$1.6t | JA$1.2t | JA$129.5b | 16.5x | 12.3x | 1.3x |
| Sat, 23 Nov 2024 | JA$1.5t | JA$1.2t | JA$130.3b | 17.1x | 11.7x | 1.3x |
| Mon, 21 Oct 2024 | JA$1.5t | JA$1.2t | JA$128.2b | 15x | 11.7x | 1.2x |
| Wed, 18 Sep 2024 | JA$1.5t | JA$1.2t | JA$128.0b | 14.8x | 11.5x | 1.2x |
| Fri, 16 Aug 2024 | JA$1.5t | JA$1.2t | JA$142.5b | 14x | 10.4x | 1.2x |
| Sun, 14 Jul 2024 | JA$1.5t | JA$1.2t | JA$144.2b | 13.7x | 10.6x | 1.3x |
| Tue, 11 Jun 2024 | JA$1.5t | JA$1.2t | JA$154.1b | 14x | 9.9x | 1.3x |
| Thu, 09 May 2024 | JA$1.5t | JA$1.2t | JA$149.9b | 14.7x | 10.1x | 1.3x |
| Sat, 06 Apr 2024 | JA$1.5t | JA$1.2t | JA$149.6b | 15.1x | 10.3x | 1.3x |
| Mon, 04 Mar 2024 | JA$1.6t | JA$1.2t | JA$159.2b | 14.9x | 9.8x | 1.3x |
| Wed, 31 Jan 2024 | JA$1.5t | JA$1.1t | JA$145.3b | 14.5x | 10.4x | 1.4x |
| Fri, 29 Dec 2023 | JA$1.5t | JA$1.1t | JA$145.5b | 14.8x | 10x | 1.3x |
| Sun, 26 Nov 2023 | JA$1.4t | JA$1.1t | JA$146.2b | 14.2x | 9.6x | 1.3x |
| Tue, 24 Oct 2023 | JA$1.4t | JA$1.1t | JA$142.9b | 14.6x | 9.7x | 1.3x |
| Thu, 21 Sep 2023 | JA$1.4t | JA$1.1t | JA$143.3b | 14.1x | 9.7x | 1.3x |
| Sat, 19 Aug 2023 | JA$1.4t | JA$1.1t | JA$137.6b | 15x | 10.3x | 1.3x |
| Mon, 17 Jul 2023 | JA$1.5t | JA$1.1t | JA$133.1b | 15x | 11x | 1.4x |
| Wed, 14 Jun 2023 | JA$1.5t | JA$1.1t | JA$133.1b | 15.5x | 10.9x | 1.4x |
| Fri, 12 May 2023 | JA$1.5t | JA$1.0t | JA$132.9b | 15.6x | 11.2x | 1.4x |
| Sun, 09 Apr 2023 | JA$1.5t | JA$1.0t | JA$135.6b | 14.6x | 10.8x | 1.4x |
| Tue, 07 Mar 2023 | JA$1.5t | JA$1.0t | JA$134.6b | 15.1x | 11.1x | 1.5x |
| Thu, 02 Feb 2023 | JA$1.5t | JA$1.0t | JA$138.2b | 15.6x | 10.9x | 1.5x |
| Sat, 31 Dec 2022 | JA$1.6t | JA$1.0t | JA$138.2b | 16x | 11.3x | 1.6x |
| Mon, 28 Nov 2022 | JA$1.5t | JA$993.5b | JA$134.9b | 14.4x | 11.2x | 1.5x |
| Wed, 26 Oct 2022 | JA$1.6t | JA$955.9b | JA$137.3b | 15.4x | 11.5x | 1.7x |
| Fri, 23 Sep 2022 | JA$1.6t | JA$952.5b | JA$138.7b | 17.2x | 11.6x | 1.7x |
Price to Earnings Ratio
11.6x
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 3.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 Market | 0.78% | |
| Telecom | 10.40% | |
| Utilities | 1.44% | |
| Financials | 1.38% | |
| Tech | 0.57% | |
| Consumer Discretionary | 0.57% | |
| Consumer Staples | 0.52% | |
| Industrials | 0.33% | |
| Real Estate | -0.32% | |
| Materials | -1.14% | |
| Energy | -1.15% | |
| Healthcare | -2.47% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 63.2x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| NCBFG NCB Financial Group | JA$44.00 | 4.0% +JA$4.1b | -15.4% | PB0.6x | Financials | |
| SEP Seprod | JA$82.40 | 5.6% +JA$4.0b | 1.7% | PE41.4x | Consumer Staples | |
| CCC Caribbean Cement | JA$94.00 | 5.0% +JA$3.8b | 48.0% | PE19x | Materials | |
| TJH Transjamaican Highway | JA$4.00 | 8.1% +JA$3.8b | 18.7% | PE8.9x | Industrials | |
| SJ Sagicor Group Jamaica | JA$41.00 | 1.2% +JA$1.9b | 2.5% | PE11.4x | Financials |
