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 ICInsider.com’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.