Jamaica Stock Exchange (XJAM:JSE) Cyclically Adjusted PS Ratio: 4.05 (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XJAM:JSE Jamaica Stock Exchange Ltd XJAM:JSE
22 GF Score
Price JMD8.99
View Full Analysis

What is Jamaica Stock Exchange Cyclically Adjusted PS Ratio?

Jamaica Stock Exchange XJAM:JSE +0.22% 22 Cyclically Adjusted PS Ratio is 4.05 as of Jul. 30, 2026. GuruFocus rates XJAM:JSE with a GF Score™ of 22/100.

As of today (2026-07-30), Jamaica Stock Exchange's current share price is JMD8.99. Jamaica Stock Exchange's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was JMD2.22. Jamaica Stock Exchange's Cyclically Adjusted PS Ratio for today is 4.05.

The historical rank and industry rank for Jamaica Stock Exchange's Cyclically Adjusted PS Ratio or its related term are showing as below:

XJAM:JSE's Cyclically Adjusted PS Ratio is not ranked *
in the Capital Markets industry.
Industry Median: 3.355
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Jamaica Stock Exchange's adjusted revenue per share data of for the fiscal year that ended in Dec23 was JMD3.020. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is JMD2.22 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jamaica Stock Exchange  (XJAM:JSE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Jamaica Stock Exchange Cyclically Adjusted PS Ratio Related Terms


Jamaica Stock Exchange Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jamaica Stock Exchange's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jamaica Stock Exchange Cyclically Adjusted PS Ratio Chart

Jamaica Stock Exchange Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.06 11.50 9.15 8.16 4.52

Jamaica Stock Exchange Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.06 11.50 9.15 8.16 4.52

XJAM:JSE vs SPGI, ICE, CME: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jamaica Stock Exchange Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Jamaica Stock Exchange's Cyclically Adjusted PS Ratio falls into.


XJAM:JSE
22GF Score
Jamaica Stock Exchange Ltd XJAM:JSE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jamaica Stock Exchange Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Jamaica Stock Exchange's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.99/2.22
=4.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jamaica Stock Exchange's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Jamaica Stock Exchange's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.02/306.7460*306.7460
=3.020

Current CPI (Dec23) = 306.7460.

Jamaica Stock Exchange Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.430 234.812 0.562
201512 0.953 236.525 1.236
201612 1.183 241.432 1.503
201712 1.332 246.524 1.657
201812 1.902 251.233 2.322
201912 2.577 256.974 3.076
202012 2.347 260.474 2.764
202112 2.665 278.802 2.932
202212 2.982 296.797 3.082
202312 3.020 306.746 3.020

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 4.05 mean?
Jamaica Stock Exchange (XJAM:JSE) has a Cyclically Adjusted PS Ratio of 4.05 as of Jul. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Jamaica Stock Exchange and its competitors.
Is Jamaica Stock Exchange's Cyclically Adjusted PS Ratio too high?
Jamaica Stock Exchange's current Cyclically Adjusted PS Ratio is 4.05. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.36. Jamaica Stock Exchange's value of 4.05 is 20.7% above this industry median. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's Cyclically Adjusted PS Ratio compare to SPGI and ICE?
Jamaica Stock Exchange's Cyclically Adjusted PS Ratio of 4.05 can be compared against companies in the Capital Markets industry. The industry median Cyclically Adjusted PS Ratio is 3.36. Jamaica Stock Exchange's value of 4.05 is 20.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.36, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jamaica Stock Exchange's current Cyclically Adjusted PS Ratio of 4.05 is 20.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Jamaica Stock Exchange and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jamaica Stock Exchange's current Cyclically Adjusted PS Ratio is 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current Cyclically Adjusted PS Ratio of 4.05. The current Cyclically Adjusted PS Ratio is 4.05 and 20.7% above the Capital Markets industry median of 3.36. Jamaica Stock Exchange's overall GF Score™ is 22/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Jamaica Stock Exchange (XJAM:JSE), the current Cyclically Adjusted PS Ratio is 4.05 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jamaica Stock Exchange Business Description

Address 40 Harbour Street, P.O. Box 1084, Kingston, JAM
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
22GF Score

Get the complete analysis for XJAM:JSE

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

JMD8.99
Price