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Jordanian (Amman SE) Market Analysis & Valuation

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies164
  • 7D0.3%
  • 3M-3.7%
  • 1Y-7.1%
  • YTD-6.6%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 12%. As for last year, the market is down 7.1%. Looking forward, earnings are forecast to decline by 8.1% per year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Sep 2023د.أ16.9bد.أ12.3bد.أ2.3b12.7x7.3x1.4x
Wed, 23 Aug 2023د.أ16.7bد.أ12.3bد.أ2.3b12.1x7.3x1.4x
Fri, 21 Jul 2023د.أ17.6bد.أ12.5bد.أ2.4b12.1x7.2x1.4x
Sun, 18 Jun 2023د.أ17.7bد.أ12.5bد.أ2.4b12.3x7.3x1.4x
Tue, 16 May 2023د.أ17.8bد.أ12.5bد.أ2.4b12x7.3x1.4x
Thu, 13 Apr 2023د.أ17.7bد.أ12.3bد.أ2.5b12.5x7.1x1.4x
Sat, 11 Mar 2023د.أ20.0bد.أ12.3bد.أ2.5b13.1x7.9x1.6x
Mon, 06 Feb 2023د.أ19.8bد.أ11.8bد.أ2.4b12.8x8.2x1.7x
Wed, 04 Jan 2023د.أ18.5bد.أ11.7bد.أ2.4b12.2x7.8x1.6x
Fri, 02 Dec 2022د.أ18.1bد.أ11.6bد.أ2.4b11.6x7.6x1.6x
Sun, 30 Oct 2022د.أ18.0bد.أ11.0bد.أ2.0b13.6x8.9x1.6x
Tue, 27 Sep 2022د.أ18.1bد.أ10.5bد.أ1.8b14.2x10x1.7x
Thu, 25 Aug 2022د.أ18.8bد.أ10.4bد.أ1.8b13.7x10.5x1.8x
Sat, 23 Jul 2022د.أ19.0bد.أ10.0bد.أ1.6b13.7x11.8x1.9x
Mon, 20 Jun 2022د.أ18.1bد.أ9.8bد.أ1.6b13.4x11.2x1.8x
Wed, 18 May 2022د.أ18.2bد.أ9.7bد.أ1.6b14x11.5x1.9x
Fri, 15 Apr 2022د.أ17.9bد.أ9.3bد.أ1.3b14.6x13.3x1.9x
Sun, 13 Mar 2022د.أ15.9bد.أ9.0bد.أ1.3b13x12.3x1.8x
Tue, 08 Feb 2022د.أ15.4bد.أ8.7bد.أ1.1b13.5x13.7x1.8x
Thu, 06 Jan 2022د.أ15.5bد.أ8.7bد.أ1.1b13.7x14.4x1.8x
Sat, 04 Dec 2021د.أ15.0bد.أ8.6bد.أ1.1b13.7x14x1.7x
Mon, 01 Nov 2021د.أ15.4bد.أ8.2bد.أ930.5m14.4x16.6x1.9x
Wed, 29 Sep 2021د.أ15.2bد.أ8.1bد.أ909.0m13.5x16.7x1.9x
Fri, 27 Aug 2021د.أ15.0bد.أ8.2bد.أ876.7m13.3x17.1x1.8x
Sat, 03 Jul 2021د.أ15.8bد.أ8.2bد.أ876.7m14.2x18.1x1.9x
Tue, 06 Apr 2021د.أ12.8bد.أ7.6bد.أ634.2m14.1x20.1x1.7x
Fri, 08 Jan 2021د.أ12.0bد.أ7.7bد.أ503.4m15.6x23.8x1.6x
Thu, 01 Oct 2020د.أ11.5bد.أ8.2bد.أ639.3m14.2x17.9x1.4x
Price to Earnings Ratio

17.9x


Total Market Cap: د.أ11.5bTotal Earnings: د.أ639.3mTotal Revenue: د.أ8.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Jordanian Market Price to Earnings3Y Average 13.6x202120222023
Current Market PE
  • Investors are pessimistic on the Jordanian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 7.3x which is lower than its 3-year average PE of 13.6x.
Past Earnings Growth
  • The earnings for Jordanian listed companies have grown 53% 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 Jordanian Market?

JO Market0.27%
Tech11.78%
Healthcare1.52%
Real Estate1.43%
Consumer Discretionary0.78%
Materials0.55%
Industrials0.089%
Financials0.046%
Telecom0%
Consumer Staples-0.13%
Utilities-0.27%
Energy-1.38%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 29.2x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 16% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 34% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
JOPH Jordan Phosphate Minesد.أ11.050.5%
+د.أ12.4m
-3.6%PE4.9xMaterials
MANR Afaq Holding for Investment & Real Estate Development P.L.Cد.أ0.7624.6%
+د.أ12.0m
-27.6%PS1xMaterials
NCCO Northern Cementد.أ2.655.6%
+د.أ7.7m
5.6%PE27.5xMaterials
JOIB Jordan Islamic Bankد.أ4.070.5%
+د.أ4.0m
6.8%PB1.6xFinancials
ZEIC Zarka Educational & Investmentد.أ2.837.2%
+د.أ3.1m
15.0%PE59.2xConsumer Discretionary
See more
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Market Insights

This week we are having a look at the diverse and interesting field of nanotechnology. We’re going to have a look at what it is in the first place, the types of nanotech applications, and how to invest in the space.

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Latest News

NCCO

د.أ2.65

Northern Cement

7D

5.6%

1Y

5.6%

CAPL

د.أ1.96

Capital Bank of Jordan

7D

-0.5%

1Y

-18.3%

JOPH

د.أ11.05

Jordan Phosphate Mines

7D

0.5%

1Y

-3.6%

JOKB

د.أ2.45

Jordan Kuwait Bank

7D

0.8%

1Y

51.2%

JOPT

د.أ4.99

Jordan Petroleum Refinery

7D

-1.4%

1Y

-15.9%

UBSI

د.أ1.64

Bank al Etihad

7D

-0.6%

1Y

6.2%

DADI

د.أ1.28

Dar Al Dawa Development and Investment

7D

5.8%

1Y

24.3%

APOT

د.أ28.85

Arab Potash

7D

-0.2%

1Y

-27.6%

FRST

د.أ0.30

First Jordan Investment

7D

15.4%

1Y

20.0%

SIBK

د.أ1.89

Safwa Islamic Bank

7D

-1.0%

1Y

-1.6%

THBK

د.أ3.39

Housing Bank for Trade and Finance

7D

-0.3%

1Y

-8.4%

ZEIC

د.أ2.83

Zarka Educational & Investment

7D

7.2%

1Y

15.0%

AJIB

د.أ1.26

Arab Jordan Investment Bank

7D

-1.6%

1Y

5.0%

JOIB

د.أ4.07

Jordan Islamic Bank

7D

0.5%

1Y

6.8%