The average PE for Junior Market has surpassed the average of 17 times 2020 earnings achieved at the end of March last year in moving to 19.2 based on’s 2021-22 earnings and is ahead of the JSE Main Market. The TOP 10 stocks trade at a PE of a mere 9.8. The average PE for the JSE Main Market is 16.1. The Main Market TOP 10 average PE is 9.2 representing a 43 percent discount to the market, well below the potential of 20.

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