JSE Limited (JSE) - Net Assets

Latest as of December 2025: ZAC5.06 Billion ZAC ≈ $2.69 Million USD

Based on the latest financial reports, JSE Limited (JSE) has net assets worth ZAC5.06 Billion ZAC (≈ $2.69 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC67.54 Billion ≈ $35.90 Million USD) and total liabilities (ZAC62.48 Billion ≈ $33.21 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore JSE Limited total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC5.06 Billion
% of Total Assets 7.5%
Annual Growth Rate 10.5%
5-Year Change 20.02%
10-Year Change 54.87%
Growth Volatility 8.45

JSE Limited - Net Assets Trend (2002–2025)

This chart illustrates how JSE Limited's net assets have evolved over time, based on quarterly financial data. Check JSE tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for JSE Limited (2002–2025)

The table below shows the annual net assets of JSE Limited from 2002 to 2025. For live valuation and market cap data, see JSE market cap.

Year Net Assets Change
2025-12-31 ZAC5.06 Billion
≈ $2.69 Million		 +8.13%
2024-12-31 ZAC4.68 Billion
≈ $2.49 Million		 +6.76%
2023-12-31 ZAC4.39 Billion
≈ $2.33 Million		 +5.10%
2022-12-31 ZAC4.17 Billion
≈ $2.22 Million		 -1.09%
2021-12-31 ZAC4.22 Billion
≈ $2.24 Million		 +1.56%
2020-12-31 ZAC4.15 Billion
≈ $2.21 Million		 +4.65%
2019-12-31 ZAC3.97 Billion
≈ $2.11 Million		 +0.03%
2018-12-31 ZAC3.97 Billion
≈ $2.11 Million		 +9.43%
2017-12-31 ZAC3.63 Billion
≈ $1.93 Million		 +10.91%
2016-12-31 ZAC3.27 Billion
≈ $1.74 Million		 +10.60%
2015-12-31 ZAC2.96 Billion
≈ $1.57 Million		 +19.49%
2014-12-31 ZAC2.47 Billion
≈ $1.31 Million		 +13.05%
2013-12-31 ZAC2.19 Billion
≈ $1.16 Million		 +16.97%
2012-12-31 ZAC1.87 Billion
≈ $994.35K		 +5.76%
2011-12-31 ZAC1.77 Billion
≈ $940.17K		 -1.23%
2010-12-31 ZAC1.79 Billion
≈ $951.88K		 +11.61%
2009-12-31 ZAC1.60 Billion
≈ $852.83K		 +16.84%
2008-12-31 ZAC1.37 Billion
≈ $729.94K		 +23.89%
2007-12-31 ZAC1.11 Billion
≈ $589.21K		 +33.01%
2006-12-31 ZAC833.54 Million
≈ $442.98K		 +22.11%
2005-12-31 ZAC682.60 Million
≈ $362.77K		 +10.51%
2004-12-31 ZAC617.71 Million
≈ $328.28K		 +16.81%
2003-12-31 ZAC528.81 Million
≈ $281.03K		 +3.84%
2002-12-31 ZAC509.24 Million
≈ $270.63K		 --

Equity Component Analysis

This analysis shows how different components contribute to JSE Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 428960400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings ZAC4.29 Billion 84.72%
Other Comprehensive Income ZAC1.01 Billion 19.91%
Total Equity ZAC5.06 Billion 100.00%

JSE Limited Competitors by Market Cap

The table below lists competitors of JSE Limited ranked by their market capitalization.

Company Market Cap
Vestum AB (publ)
ST:VESTUM
 $648.71 Million
Solaer Israel Ltd
TA:SOLR
 $648.93 Million
Hubei Radio and Television Information Network Co Ltd
SHE:000665
 $648.96 Million
Jiangxi Salt Industry Group Co. Ltd. A
SHG:601065
 $649.00 Million
Jiangsu Riying Electns Co Ltd
SHG:603286
 $648.50 Million
NETGEAR Inc
NASDAQ:NTGR
 $648.45 Million
Jiahe Foods Industry Co. Ltd.
SHG:605300
 $648.30 Million
Corporación Actinver S. A. B. de C. V
MX:ACTINVRB
 $648.19 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JSE Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 4,682,746,000 to 5,063,561,000, a change of 380,815,000 (8.1%).
  • Net income of 1,070,654,000 contributed positively to equity growth.
  • Dividend payments of 693,648,000 reduced retained earnings.
  • Share repurchases of 108,951,000 reduced equity.
  • New share issuances of 40,181,000 increased equity.
  • Other comprehensive income increased equity by 1,008,105,000.
  • Other factors decreased equity by 935,526,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC1.07 Billion +21.14%
Dividends Paid ZAC693.65 Million -13.7%
Share Repurchases ZAC108.95 Million -2.15%
Share Issuances ZAC40.18 Million +0.79%
Other Comprehensive Income ZAC1.01 Billion +19.91%
Other Changes ZAC-935.53 Million -18.48%
Total Change ZAC- 8.13%

Book Value vs Market Value Analysis

This analysis compares JSE Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 247.05x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 2476.34x to 247.05x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 ZAC6.09 ZAC15070.00 x
2003-12-31 ZAC6.32 ZAC15070.00 x
2004-12-31 ZAC7.38 ZAC15070.00 x
2005-12-31 ZAC8.16 ZAC15070.00 x
2006-12-31 ZAC9.90 ZAC15070.00 x
2007-12-31 ZAC12.93 ZAC15070.00 x
2008-12-31 ZAC15.92 ZAC15070.00 x
2009-12-31 ZAC18.58 ZAC15070.00 x
2010-12-31 ZAC20.77 ZAC15070.00 x
2011-12-31 ZAC20.50 ZAC15070.00 x
2012-12-31 ZAC21.65 ZAC15070.00 x
2013-12-31 ZAC25.42 ZAC15070.00 x
2014-12-31 ZAC28.63 ZAC15070.00 x
2015-12-31 ZAC34.19 ZAC15070.00 x
2016-12-31 ZAC37.76 ZAC15070.00 x
2017-12-31 ZAC42.13 ZAC15070.00 x
2018-12-31 ZAC46.00 ZAC15070.00 x
2019-12-31 ZAC46.31 ZAC15070.00 x
2020-12-31 ZAC49.23 ZAC15070.00 x
2021-12-31 ZAC50.60 ZAC15070.00 x
2022-12-31 ZAC50.23 ZAC15070.00 x
2023-12-31 ZAC52.88 ZAC15070.00 x
2024-12-31 ZAC56.38 ZAC15070.00 x
2025-12-31 ZAC61.00 ZAC15070.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently JSE Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 21.14%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 31.25%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 13.34x
  • Recent ROE (21.14%) is above the historical average (19.82%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 9.42% 13.73% 0.10x 6.61x ZAC-2.95 Million
2003 3.70% 5.94% 0.08x 7.49x ZAC-33.31 Million
2004 14.39% 23.62% 0.07x 8.48x ZAC27.13 Million
2005 15.67% 26.22% 0.06x 10.15x ZAC38.74 Million
2006 16.92% 22.03% 0.06x 12.80x ZAC57.70 Million
2007 24.65% 31.14% 0.05x 17.38x ZAC162.37 Million
2008 27.26% 33.68% 0.07x 12.12x ZAC237.01 Million
2009 22.78% 30.56% 0.07x 10.33x ZAC205.13 Million
2010 21.10% 28.96% 0.08x 9.58x ZAC198.90 Million
2011 19.32% 24.12% 0.08x 9.80x ZAC164.89 Million
2012 16.15% 21.82% 0.08x 9.13x ZAC115.01 Million
2013 23.15% 32.11% 0.07x 9.77x ZAC287.78 Million
2014 25.64% 35.66% 0.06x 11.81x ZAC386.94 Million
2015 30.43% 42.16% 0.06x 13.05x ZAC603.86 Million
2016 28.13% 39.32% 0.05x 14.06x ZAC592.75 Million
2017 23.04% 37.48% 0.06x 10.67x ZAC472.87 Million
2018 22.77% 41.10% 0.05x 10.56x ZAC506.74 Million
2019 17.51% 31.78% 0.05x 10.13x ZAC298.15 Million
2020 18.91% 31.82% 0.05x 12.54x ZAC366.72 Million
2021 17.12% 28.70% 0.04x 14.47x ZAC300.54 Million
2022 17.94% 27.74% 0.04x 14.70x ZAC331.24 Million
2023 18.95% 29.53% 0.05x 13.63x ZAC392.36 Million
2024 19.60% 30.89% 0.05x 11.89x ZAC449.48 Million
2025 21.14% 31.25% 0.05x 13.34x ZAC564.30 Million

Industry Comparison

This section compares JSE Limited's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.

No peer company data available for comparison.

About JSE Limited

JSE:JSE South Africa Financial Data & Stock Exchanges
Market Cap
$648.68 Million
ZAC1.22 Trillion ZAC
Market Cap Rank
#10756 Global
#85 in South Africa
Share Price
ZAC15070.00
Change (1 day)
-0.55%
52-Week Range
ZAC12471.00 - ZAC17768.00
All Time High
ZAC17768.00
Categories
Companies in South Africa Financial Data & Stock Exchanges Banking & Financial
About

JSE Limited operates as a stock exchange in South Africa. It offers international securities identification number (ISIN) and national numbering agency (NNA) related services, regulatory compliance services in post-trade activities, capital market, and colocation and connectivity services; and operates training academy. The company was founded in 1887 and is based in Johannesburg, South Africa.