JSE (JSE.JO) Stock Price

JSE Price

JSE·CLOSED
15,320.00ZAR+250.00 (+1.65 %)
Market closed

Over the last 19 years JSE grew revenue by 9.2% annually, reaching 3.40 B ZAR. Earnings per share have grown at 11.3% per year over the last 19 years. For JSE, the net margin of 31.5% is up versus 28.7% a few years ago. At today's price the dividend yield works out to roughly 0.05%. The payout ratio is around 64% of earnings. The dividend has grown at 13.0% per year over the past 19 years. The consensus 12-month price target for JSE is 168.84 ZAR, about 98.9% below where the stock trades today. Of 5 analysts, 4 rate the stock a buy — an overall Buy consensus. The stock trades about 23% above its 52-week low.

JSE stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of JSE over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how JSE stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing JSE's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

JSE Stock Price History
DateJSE Price
8/4/202615,320.00 ZAR
7/31/202615,070.00 ZAR
7/30/202615,190.00 ZAR
7/29/202615,140.00 ZAR
7/28/202615,019.00 ZAR
7/27/202615,000.00 ZAR
7/24/202615,150.00 ZAR
7/23/202615,053.00 ZAR
7/22/202615,156.00 ZAR
7/21/202615,320.00 ZAR
7/20/202615,233.00 ZAR
7/17/202615,163.00 ZAR
7/16/202615,272.00 ZAR
7/15/202615,202.00 ZAR
7/14/202615,446.00 ZAR
7/13/202615,405.00 ZAR
7/10/202615,500.00 ZAR
7/9/202615,500.00 ZAR
7/8/202615,372.00 ZAR
7/7/202615,567.00 ZAR
7/6/202615,694.00 ZAR
7/3/202615,609.00 ZAR
7/2/202615,500.00 ZAR
7/1/202615,483.00 ZAR
6/30/202615,715.00 ZAR
6/29/202615,660.00 ZAR
6/26/202615,312.00 ZAR
6/25/202615,600.00 ZAR
6/24/202615,778.00 ZAR
6/23/202616,006.00 ZAR
6/22/202616,350.00 ZAR
6/19/202616,215.00 ZAR
6/18/202615,900.00 ZAR
6/17/202616,031.00 ZAR
6/15/202616,192.00 ZAR
6/12/202615,659.00 ZAR
6/11/202615,410.00 ZAR
6/10/202615,240.00 ZAR
6/9/202615,159.00 ZAR
6/8/202615,219.00 ZAR
6/5/202615,006.00 ZAR
6/4/202614,803.00 ZAR
6/3/202614,674.00 ZAR
6/2/202614,849.00 ZAR
6/1/202615,189.00 ZAR
5/29/202615,106.00 ZAR
5/28/202615,257.00 ZAR
5/27/202615,239.00 ZAR
5/26/202615,446.00 ZAR
5/25/202615,706.00 ZAR
5/22/202615,620.00 ZAR
5/21/202615,589.00 ZAR
5/20/202615,660.00 ZAR
5/19/202615,503.00 ZAR
5/18/202615,748.00 ZAR
5/15/202615,629.00 ZAR
5/14/202615,790.00 ZAR
5/13/202615,614.00 ZAR
5/12/202615,564.00 ZAR
5/11/202615,689.00 ZAR
5/8/202615,900.00 ZAR
5/7/202616,261.00 ZAR
5/6/202616,151.00 ZAR
5/5/202615,865.00 ZAR
5/4/202615,868.00 ZAR
4/30/202615,755.00 ZAR
4/29/202615,575.00 ZAR
4/28/202615,647.00 ZAR
4/24/202615,490.00 ZAR
4/23/202615,565.00 ZAR
4/22/202615,402.00 ZAR
4/21/202615,630.00 ZAR
4/20/202615,695.00 ZAR
4/17/202615,789.00 ZAR
4/16/202615,822.00 ZAR
4/15/202615,900.00 ZAR
4/14/202617,069.00 ZAR
4/13/202616,698.00 ZAR
4/10/202616,562.00 ZAR
4/9/202616,545.00 ZAR
4/8/202616,554.00 ZAR
4/7/202616,364.00 ZAR
4/2/202616,500.00 ZAR
4/1/202616,450.00 ZAR
3/31/202615,975.00 ZAR
3/30/202615,784.00 ZAR
3/27/202616,056.00 ZAR
3/26/202616,196.00 ZAR
3/25/202616,251.00 ZAR
3/24/202616,066.00 ZAR
3/23/202615,979.00 ZAR
3/20/202616,406.00 ZAR
3/19/202616,041.00 ZAR
3/18/202616,145.00 ZAR
3/17/202616,350.00 ZAR
3/16/202616,268.00 ZAR
3/13/202615,789.00 ZAR
3/12/202616,370.00 ZAR
3/11/202616,636.00 ZAR
3/10/202616,881.00 ZAR
3/9/202616,524.00 ZAR
3/6/202616,767.00 ZAR
3/5/202617,210.00 ZAR
3/4/202617,200.00 ZAR
3/3/202617,310.00 ZAR
3/2/202617,768.00 ZAR
2/27/202616,703.00 ZAR
2/26/202616,411.00 ZAR
2/25/202616,330.00 ZAR
2/24/202616,480.00 ZAR
2/23/202616,200.00 ZAR
2/20/202615,717.00 ZAR
2/19/202615,586.00 ZAR
2/18/202615,800.00 ZAR
2/17/202615,555.00 ZAR
2/16/202615,690.00 ZAR
2/13/202615,464.00 ZAR
2/12/202615,474.00 ZAR
2/11/202615,439.00 ZAR
2/10/202615,477.00 ZAR
2/9/202615,398.00 ZAR
2/6/202615,446.00 ZAR
2/5/202614,859.00 ZAR
2/4/202614,899.00 ZAR
2/3/202615,142.00 ZAR
2/2/202615,037.00 ZAR
1/30/202614,837.00 ZAR
1/29/202615,046.00 ZAR
1/28/202614,850.00 ZAR
1/27/202614,888.00 ZAR
1/26/202615,000.00 ZAR
1/23/202614,750.00 ZAR
1/22/202614,524.00 ZAR
1/21/202614,425.00 ZAR
1/20/202614,395.00 ZAR
1/19/202614,482.00 ZAR
1/16/202614,567.00 ZAR
1/15/202614,515.00 ZAR
1/14/202614,465.00 ZAR
1/13/202614,350.00 ZAR
1/12/202614,478.00 ZAR
1/9/202614,458.00 ZAR
1/8/202614,463.00 ZAR
1/7/202614,614.00 ZAR
1/6/202614,533.00 ZAR
1/5/202614,342.00 ZAR
1/2/202614,554.00 ZAR
12/31/202514,343.00 ZAR
12/30/202514,275.00 ZAR
12/29/202514,187.00 ZAR
12/24/202514,113.00 ZAR
12/23/202514,037.00 ZAR
12/22/202513,806.00 ZAR
12/19/202513,650.00 ZAR
12/18/202513,625.00 ZAR
12/17/202513,442.00 ZAR
12/15/202513,445.00 ZAR
12/12/202513,188.00 ZAR
12/11/202513,205.00 ZAR
12/10/202513,280.00 ZAR
12/9/202513,311.00 ZAR
12/8/202513,211.00 ZAR
12/5/202513,358.00 ZAR
12/4/202513,376.00 ZAR
12/3/202513,449.00 ZAR
12/2/202513,388.00 ZAR
12/1/202513,200.00 ZAR
11/28/202513,300.00 ZAR
11/27/202513,243.00 ZAR
11/26/202513,350.00 ZAR
11/25/202513,397.00 ZAR
11/24/202513,350.00 ZAR
11/21/202513,430.00 ZAR
11/20/202513,550.00 ZAR
11/19/202513,620.00 ZAR
11/18/202513,750.00 ZAR
11/17/202513,950.00 ZAR
11/14/202513,781.00 ZAR
11/13/202513,908.00 ZAR
11/12/202513,570.00 ZAR
11/11/202513,695.00 ZAR
11/10/202513,836.00 ZAR
11/7/202514,329.00 ZAR
11/6/202514,238.00 ZAR
11/5/202514,395.00 ZAR
11/4/202514,255.00 ZAR
11/3/202514,235.00 ZAR
10/31/202514,092.00 ZAR
10/30/202514,080.00 ZAR
10/29/202514,190.00 ZAR
10/28/202514,280.00 ZAR
10/27/202514,152.00 ZAR
10/24/202514,050.00 ZAR
10/23/202514,093.00 ZAR
10/22/202513,999.00 ZAR
10/21/202513,921.00 ZAR
10/20/202513,944.00 ZAR
10/17/202513,896.00 ZAR
10/16/202513,925.00 ZAR
10/15/202513,893.00 ZAR
10/14/202513,805.00 ZAR
10/13/202513,882.00 ZAR
10/10/202513,866.00 ZAR
10/9/202513,151.00 ZAR
10/8/202513,085.00 ZAR
10/7/202512,928.00 ZAR
10/6/202512,852.00 ZAR
10/3/202512,906.00 ZAR
10/2/202512,770.00 ZAR
10/1/202512,750.00 ZAR
9/30/202512,748.00 ZAR
9/29/202512,703.00 ZAR
9/26/202512,718.00 ZAR
9/25/202512,693.00 ZAR
9/23/202512,864.00 ZAR
9/22/202512,972.00 ZAR
9/19/202513,005.00 ZAR
9/18/202513,053.00 ZAR
9/17/202513,022.00 ZAR
9/16/202512,867.00 ZAR
9/15/202512,907.00 ZAR
9/12/202513,028.00 ZAR
9/11/202512,897.00 ZAR
9/10/202512,805.00 ZAR
9/9/202512,831.00 ZAR
9/8/202512,800.00 ZAR
9/5/202512,700.00 ZAR
9/4/202512,680.00 ZAR
9/3/202512,535.00 ZAR
9/2/202512,471.00 ZAR
9/1/202512,671.00 ZAR
8/29/202512,668.00 ZAR
8/28/202512,800.00 ZAR
8/27/202512,835.00 ZAR
8/26/202512,815.00 ZAR
8/25/202512,963.00 ZAR
8/22/202513,070.00 ZAR
8/21/202513,073.00 ZAR
8/20/202513,102.00 ZAR
8/19/202513,156.00 ZAR
8/18/202513,152.00 ZAR
8/15/202513,500.00 ZAR
8/14/202513,400.00 ZAR
8/13/202513,319.00 ZAR
8/12/202513,300.00 ZAR
8/11/202513,365.00 ZAR
8/8/202513,400.00 ZAR
8/7/202513,600.00 ZAR
8/6/202513,559.00 ZAR
Access this data via the Eulerpool API

JSE Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
2.52 B ZAR
777.52 M ZAR
722.44 M ZAR
Jan 1, 2022
2.65 B ZAR
785.16 M ZAR
748.56 M ZAR
Jan 1, 2023
2.81 B ZAR
940.84 M ZAR
830.98 M ZAR
Jan 1, 2024
2.97 B ZAR
969.36 M ZAR
917.75 M ZAR
Jan 1, 2025
3.40 B ZAR
1.27 B ZAR
1.07 B ZAR
Jan 1, 2026 (e)
3.79 B ZAR
2.30 B ZAR
1.17 B ZAR
Jan 1, 2027 (e)
3.94 B ZAR
2.39 B ZAR
1.22 B ZAR
Jan 1, 2028 (e)
4.33 B ZAR
2.62 B ZAR
1.25 B ZAR

JSE Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 4:07 PM
 
REVENUEB ZAR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB ZAR
EBITB ZAR
EBIT MARGIN%
NET INCOMEB ZAR
NET INCOME GROWTH%
DIV.ZAR
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
1.581.782.132.342.222.202.192.452.522.652.812.973.403.793.944.33
13.9512.7519.979.61-5.26-0.77-0.5011.842.905.246.235.5814.4711.414.069.74
168.48149.44124.57113.64119.95120.88121.49108.63100.20100.3094.4289.4378.12100.30100.30100.30
2.662.662.662.662.662.662.662.662.522.662.662.662.663.803.954.34
0.590.670.910.970.900.900.680.790.780.790.940.971.272.302.392.62
37.1637.8542.8041.4040.6840.9531.1432.4230.8729.6333.4032.6237.2260.5760.5660.57
0.510.630.900.920.840.900.700.780.720.750.830.921.071.171.221.25
67.5525.3041.802.22-9.148.14-23.0311.94-7.203.6010.9610.4816.689.633.842.87
2.505.606.057.257.697.848.289.6110.5411.56
8.041.955.6116.069.689.68
86.1086.4186.4786.5986.0886.2885.7183.6383.3883.0782.9483.0683.0183.0183.0183.01
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales JSE generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue JSE retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare JSE's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares JSE has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against JSE's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

JSE stock margins

The JSE margin analysis displays the gross margin, EBIT margin, as well as the profit margin of JSE. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for JSE.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
100.21 %
30.89 %
28.70 %
Jan 1, 2022
100.27 %
29.63 %
28.25 %
Jan 1, 2023
100.27 %
33.43 %
29.53 %
Jan 1, 2024
100.27 %
32.62 %
30.89 %
Jan 1, 2025
100.27 %
37.24 %
31.48 %
Jan 1, 2026 (e)
100.27 %
60.58 %
30.98 %
Jan 1, 2027 (e)
100.27 %
60.58 %
30.91 %
Jan 1, 2028 (e)
100.27 %
60.58 %
28.96 %

JSE Stock Revenue, EBIT, Earnings per Share

The JSE earnings per share therefore indicates how much revenue JSE has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
30.19 ZAR
9.32 ZAR
8.66 ZAR
Jan 1, 2022
31.90 ZAR
9.45 ZAR
9.01 ZAR
Jan 1, 2023
33.93 ZAR
11.34 ZAR
10.02 ZAR
Jan 1, 2024
35.77 ZAR
11.67 ZAR
11.05 ZAR
Jan 1, 2025
40.97 ZAR
15.26 ZAR
12.90 ZAR
Jan 1, 2026 (e)
45.65 ZAR
27.65 ZAR
14.14 ZAR
Jan 1, 2027 (e)
47.50 ZAR
28.77 ZAR
14.68 ZAR
Jan 1, 2028 (e)
52.13 ZAR
31.58 ZAR
15.10 ZAR

JSE business model & stock analysis

JSE Ltd is a South African stock exchange that was founded in 1887 and is headquartered in Johannesburg. The name JSE stands for Johannesburg Stock Exchange and is today the most significant and largest trading center for securities and derivatives in Africa.

JSE SWOT Analysis

Strengths

  • Leading stock exchange operator in South Africa.
  • Diversified range of financial products and services offered.
  • Strong brand recognition and reputation in the market.
  • Robust trading platform and infrastructure.
  • Extensive network of listed companies and market participants.

Weaknesses

  • Vulnerable to fluctuations in economic conditions and market risks.
  • Dependence on regulatory environment and government policies.
  • Limited geographical diversification.
  • Reliance on technology infrastructure which may be prone to disruptions.
  • Potential impact of competition from other stock exchanges.

Opportunities

  • Emerging market growth and increased investor participation.
  • Expansion into new financial products and derivatives.
  • Potential partnerships and collaborations with international exchanges.
  • Increasing demand for sustainable and socially responsible investments.
  • Growing importance of technology and digital platforms in trading.

Threats

  • Economic downturns and market volatility.
  • Stringent regulatory changes and compliance requirements.
  • Cybersecurity threats and data breaches.
  • Changes in investor behavior and preferences.
  • Competition from other exchanges and alternative investment platforms.

JSE Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

JSE historical P/E ratio, EBIT multiple, and P/S ratio

JSE annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

JSE shares outstanding

The number of shares of JSE was 83.01 M in 2025. This indicates how many shares JSE is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
83.38 M Stocks
Jan 1, 2022
83.07 M Stocks
Jan 1, 2023
82.94 M Stocks
Jan 1, 2024
83.06 M Stocks
Jan 1, 2025
83.01 M Stocks
Jan 1, 2026 (e)
83.01 M Stocks
Jan 1, 2027 (e)
83.01 M Stocks
Jan 1, 2028 (e)
83.01 M Stocks

JSE Dividend History

21 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20269.61ZARYTD
Apr 15, 20269.61ZAR 16.1%1/1
20258.28ZAR 5.6%
Apr 2, 20258.28ZAR 5.6%1/1
20247.84ZAR 2.0%
20237.69ZAR 669.0%
20221.00ZAR 86.2%
20217.25ZAR 383.3%
20201.50ZAR 18.9%
20191.85ZAR 69.4%
20186.05ZAR 8.0%
20175.60ZAR 433.3%

JSE dividend history and estimates

In 2025, JSE paid a dividend amounting to 8.28 ZAR. Dividend means that JSE distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
7.25 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2022 (e)
1.00 ZAR
0.00 ZAR
1.00 ZAR
Jan 1, 2023
7.69 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2024
7.84 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2025
8.28 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2026
9.61 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2027 (e)
0.00 ZAR
10.54 ZAR
0.00 ZAR
Jan 1, 2028 (e)
0.00 ZAR
11.56 ZAR
0.00 ZAR

JSE dividend payout ratio

In 2025, JSE had a payout ratio of 64.20%. The payout ratio indicates the percentage of the company's profits that JSE distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
83.68 %
Jan 1, 2022
11.10 %
Jan 1, 2023
76.75 %
Jan 1, 2024
70.96 %
Jan 1, 2025
64.20 %
Jan 1, 2026 (e)
67.96 %
Jan 1, 2027 (e)
71.81 %
Jan 1, 2028 (e)
76.58 %

Current JSE forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
80.00 % (4)
Hold
20.00 % (1)
Sell
0.00 % (0)
12M Price Target
168.84
Last Price
15,320.00
Currency
ZAR
12M Return Potential
-98.90 %
LTM Return
0 %

JSE Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/2/20186.29ZAR-1.20 BZAR-2018 Q2
8/12/20167.03ZAR-1.25 BZAR-2016 Q2

EESG©

Eulerpool ESG Scorecard© for the JSE stock

65/100
38
Environment
99
Social
59
Governance
E

Environment

20
Scope 1 - Direct Emissions205
Scope 2 - Indirect emissions from purchased energy6,004
Scope 3 - Indirect emissions within the value chain2,728
Total CO₂ emissions6,209
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees53
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

JSE shareholder structure

% Name
1.90458%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.67390%
Handelsbanken Kapitalförvaltning AB
Handelsbanken Kapitalförvaltning AB
1.20841%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
1.06151%
Centaur Asset Management (Pty.) Ltd.
Centaur Asset Management (Pty.) Ltd.
0.85774%
Moerus Capital Management LLC
Moerus Capital Management LLC
0.73584%
Lazard Asset Management Limited
Lazard Asset Management Limited

JSE Beneficial Ownership Filings (SEC 13D/G)

Free Float
96.0%
Float Shares
-
Shares Outstanding
-

JSE Executives and Management Board

19 members · avg. age 53 · 58 % women

LF

Ms. Leila Fourie (55)

Group Chief Executive Officer, Executive Director

20.15 M ZAR

Management

FS

Ms. Fawzia Suliman (52)

Group Chief Financial Officer, Executive Director · since 2023

7.76 M ZAR
IM

Ms. Itumeleng Monale (46)

Chief Operating Officer

6.00 M ZAR
TT

Mr. Tebalo Tsoaeli (43)

Chief Information Officer

2.49 M ZAR
QM

Ms. Qiniso Mthembu (42)

Chief Risk Officer

2.08 M ZAR
GB

Mr. Graeme Brookes (54)

Group Company Secretary

1.34 M ZAR

Board of Directors

VR

Ms. Valdene Reddy (41)

Director of Capital Markets

8.69 M ZAR
AG

Dr. Alicia Greenwood (52)

Director of Post-Trade Services

7.85 M ZAR
MR

Mr. Mark Randall (43)

Director of Information Services

6.81 M ZAR
VL

Ms. Vuyo Lee (45)

Director of Marketing and Corporate Affairs

5.13 M ZAR
PN

Mr. Phuthuma Nhleko (63)

Independent Non-Executive Chairman of the Board

2.80 M ZAR
SK

Dr. Suresh Kana (69)

Lead Independent Non-Executive Director

2.11 M ZAR

Frequently asked questions about JSE

The business model of JSE Ltd, also known as Johannesburg Stock Exchange, is to provide a platform for buying and selling financial securities, primarily stocks and bonds. JSE operates as a marketplace where investors can trade shares, derivatives, and other financial instruments. As Africa's largest stock exchange, JSE offers a range of services to facilitate efficient and transparent capital market activity. Through its trading systems, JSE enables companies to access capital, investors to diversify portfolios, and financial institutions to manage risk. By connecting buyers and sellers, JSE plays a crucial role in fostering economic growth and development in South Africa and beyond.

JSE Ltd, also known as the Johannesburg Stock Exchange, is primarily active in the financial services industry. This stock exchange serves as a platform for trading financial instruments such as equities, derivatives, and commodities. With a mission to provide a transparent, efficient, and well-regulated marketplace, JSE Ltd attracts companies from various sectors, including banking, insurance, investment management, and asset management. By facilitating the buying and selling of securities, JSE Ltd plays a crucial role in promoting economic growth and development in South Africa.

JSE Ltd faces competition from other leading stock exchanges in the market. Some of its main competitors include major global exchanges such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), and Tokyo Stock Exchange (TSE). These exchanges also provide platforms for trading securities, enabling investors to buy and sell stocks, bonds, and other financial instruments. However, JSE Ltd distinguishes itself by focusing on the South African market, offering a wide range of domestic listings and serving as the primary exchange for companies in the country.

JSE Ltd, also known as the Johannesburg Stock Exchange, is Africa's oldest and largest stock exchange. It was founded in 1887 and is located in Johannesburg, South Africa. The JSE plays a vital role in the country's economy, providing a platform for companies to raise capital and investors to trade securities. Over the years, the exchange has grown and diversified, offering various asset classes such as equities, bonds, derivatives, and commodities. With its robust trading infrastructure and stringent regulatory framework, JSE Ltd has earned a reputation as a reliable market for domestic and international investors. Through continuous innovation and strategic partnerships, JSE Ltd remains at the forefront of facilitating economic growth and development in South Africa.

JSE Ltd, a prominent stock exchange company, has achieved numerous significant milestones throughout its history. Since its establishment, JSE Ltd has played a pivotal role in South Africa's financial sector. Some notable milestones include introducing electronic trading systems, expanding its product offerings, and attracting international investors. The company has strived to foster a transparent and efficient marketplace, resulting in increased liquidity and improved accessibility for both local and global investors. Additionally, JSE Ltd has successfully positioned itself as a gateway to African markets, facilitating economic growth and development in the region. These milestones highlight JSE Ltd's commitment to innovation and its pivotal role in shaping the financial landscape.

JSE Ltd is primarily present in South Africa. As the largest stock exchange in Africa, JSE Ltd operates in Johannesburg and serves as a hub for local and international investors. With a wide range of listed companies spanning various industries, JSE Ltd is a key player in the South African financial market. Investors looking to trade on the JSE platform can access a diverse range of stocks, including those from sectors like mining, banking, retail, and telecommunications. As a leading stock exchange, JSE Ltd plays a crucial role in facilitating capital flow and investment opportunities within South Africa and beyond.

JSE Ltd, also known as the Johannesburg Stock Exchange, represents core values and a corporate philosophy centered on transparency, integrity, and efficiency. As Africa's largest and oldest stock exchange, JSE is committed to providing a trusted platform that enables fair and equitable access for investors and issuers alike. By fostering a robust regulatory framework, market participants can confidently engage in the trading of various financial instruments, including equities, bonds, and derivatives. JSE's dedication to constant innovation, technological advancement, and responsible business practices ensures it remains at the forefront of driving economic growth and investment opportunities in South Africa and across the continent.

Analysts currently set an average price target of 168.84 ZAR for the JSE stock (median: 168.84 ZAR), implying -98.9 % versus the latest price. The consensus is based on 5 analyst ratings.

5 analysts currently rate the JSE stock: 4 recommend buying, 1 holding and 0 selling. For 2026, analysts expect JSE to generate revenue of 3.79 B ZAR and earnings per share of 14.14 ZAR.

Converted at the current exchange rate, the JSE share trades at 810.56 EUR (15,320.00 ZAR).

The JSE share (JSE.JO) is listed on 3 stock exchanges, including: Frankfurt (JF6.F).

JSE Ltd is a leading company in South Africa that focuses on the operation and monitoring of stock exchanges. Since 1887, the company has been the largest securities exchange on the continent. It is divided into several sections, including listing, trading in derivatives, cash products, and fixed income products, as well as settlement and clearing of booked transactions. JSE Ltd also offers services such as education, training and seminars, stock market data, and market research.

The expected revenue of JSE is 3.79 B ZAR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of JSE is 1.17 B ZAR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of JSE is currently 1,083.45. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the JSE stock.

The price-to-sales ratio (P/S) of JSE is currently 335.63. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the JSE stock.

The Eulerpool Quality Score for JSE is 4/10.

The ISIN of JSE is ZAE000079711. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of JSE is A0J28K. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of JSE is JSE.JO. The ticker symbol is used to trade JSE shares on the stock exchange.

Over the past 12 months, JSE paid a dividend of 8.28 ZAR . This corresponds to a dividend yield of about 0.05 %. For the coming 12 months, JSE is expected to pay a dividend of 10.54 ZAR.

The current dividend yield of JSE is 0.05 %.

JSE pays a dividend, distributed in the months of , , , .

JSE paid dividends every year for the past 20 years.

For the upcoming 12 months, dividends amounting to 10.54 ZAR are expected. This corresponds to a dividend yield of 0.07 %.

JSE is assigned to the 'Finance' sector.

To receive the latest dividend of JSE from amounting to 9.61 ZAR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, JSE distributed 7.84 ZAR as dividends.

The dividends of JSE are distributed in ZAR.

All fundamentals and in-depth analysis of JSE

Our stock analysis for JSE stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of JSE. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.