Take your pick
This wasn’t a overly scientific approach – we simply show the 30 shares listed on the JSE in terms of the lowest (not zero) price to earnings ratio, with information from google finance as at the end of September 2017.
This include the odd tracker, ETF and pref share – preference shares below are indicated as * and include – Nedbank, Stanbank, Barloworld, Foschini, Liberty, Nampak, AECI, Capitec and more. Note that there aren’t any or many Top 40/100 companies left on the list when you exclude the pref shares.
Average of 2.2x
The average of these 30 lowest P/E’s are 2.2x – compare this to the average of 16.3 if you take all >400 shares listed on the JSE. We also recently ranked the 30 highest P/E companies on the JSE and their average came to over 36 (excluding the top 6 outliers).