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JseJSE:JSE +0.76%75 EV-to-FCF is 9.62 as of Aug. 06, 2026, which is 1% below its 10-year median of 9.67. GuruFocus rates JSE:JSE with a GF Score™ of 75/100 and a GF Value™ of R139.48 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 442 Capital Markets companies, Jse ranks better than 50.9% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Jse's Enterprise Value is R10,478 Mil.
Jse's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R1,090 Mil. Therefore, Jse's EV-to-FCF for today is 9.62.
The historical rank and industry rank for Jse's EV-to-FCF or its related term are showing as below:
JSE:JSE'
s EV-to-FCF Range Over the Past 10 Years
Min: 5.03 Med: 9.67 Max: 18.88
Current: 9.37
During the past 13 years, the highest EV-to-FCF of Jse was 18.88. The lowest was 5.03. And the median was 9.67.
JSE:JSE's EV-to-FCF is ranked better than 50.9% of 442
companies
in the Capital Markets industry
Industry Median: 9.71
vs JSE:JSE: 9.37
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-06), Jse's stock price is R154.66.
Jse's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R12.898. Therefore, Jse's PE Ratio (TTM) for today is 11.99.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Jse's share price for today is R154.66.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Jse's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R12.898.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Jse EV-to-FCF Related Terms
Jse EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Jse's EV-to-FCF 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.
For the Financial Data & Stock Exchanges subindustry, Jse's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Jse EV-to-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jse's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Jse's EV-to-FCF falls into.
Jse's current Enterprise Value is R10,478 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Jse's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R1,090 Mil.
* 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.
Jse (JSE:JSE) has a EV-to-FCF of 9.62 as of Aug. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Jse and its competitors. This is near median its historical median of 9.67. Over the past decade, Jse's EV-to-FCF has ranged from 5.03 to 18.88. According to the industry distribution chart, Jse ranks #217 out of 442 companies in the Capital Markets industry, placing it in the top 49.1%.
Is Jse's EV-to-FCF too high?
Jse's current EV-to-FCF of 9.62 is near median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 5.03 to a high of 18.88. The Capital Markets industry median EV-to-FCF is 9.71. Jse's value of 9.62 is 0.9% below this industry median. Based on the distribution chart, Jse ranks #217 out of 442 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Jse has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jse's EV-to-FCF compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Jse ranks #217 out of 442 companies for EV-to-FCF. This puts Jse in the upper half of its industry. The industry median EV-to-FCF is 9.71. Jse's value of 9.62 is 0.9% below this benchmark. Historically, Jse's own EV-to-FCF has ranged from 5.03 to 18.88 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 9.71, Jse has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Capital Markets company?
The median EV-to-FCF among Capital Markets companies is 9.71, based on 442 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jse's current EV-to-FCF of 9.62 is 0.9% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Jse and its competitors. For the Capital Markets industry, the median EV-to-FCF is 9.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jse's current EV-to-FCF is 9.62, which is near median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jse stock overvalued right now?
Based on GuruFocus' analysis, Jse (JSE:JSE) is currently considered Modestly Overvalued. The stock's GF Value™ is R139.48, compared to a current price of R154.66 — trading 10.9% above its estimated fair value. The current EV-to-FCF is 9.62, which is near median its 10-year median of 9.67 and 0.9% below the Capital Markets industry median of 9.71. Jse's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Jse (JSE:JSE), the current EV-to-FCF is 9.62 as of Aug. 06, 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.
Is Jse (JSE:JSE) Overvalued in 2026?
Based on GuruFocus' analysis, Jse stock appears to be overvalued.
The current stock price of R154.66 is trading 10.9% above its estimated GF Value™ of R139.48.
GuruFocus considers Jse to be Modestly Overvalued.
Key valuation signals for JSE:JSE:
EV-to-FCF: 9.62 (near median its 10-year median of 9.67)
GF Value™: R139.48 vs. price of R154.66 (10.9% above fair value)
Industry Position: 0.9% below the Capital Markets median (#217 of 442)
No single metric tells the full story. See the JSE:JSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jse Ltd is a critical service provider to South Africa's financial markets, providing regulated, transparent, and trusted platforms for financial transactions. It is a multi-asset class stock exchange that provides platforms for raising capital and trading in equities, bonds, derivatives, currencies, and commodities, while JSE Clear Proprietary Limited (JSE Clear) provides clearing services for listed derivatives. The Group generates maximum revenue from the provision of capital markets services (comprising primary market, equity trading, colocation fees, equity derivatives trading, etc.), and the rest from post-trade services, JSE Clear, information services, and other sources.
75GF Score
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