THE RECENT MELTDOWN notwithstanding, Indian markets continue to be one of the most expensive in the world, with the Nifty 50 trading at a trailing 12month (TTM) price-to-earnings (P/E) multiple of 22.22 as of October 23 the fourth highest in the world. The good news: It is still cheaper than the 5-year or 10-year average of the index, and even the one-year average.
The one-year average of 22.72 continues to be lower than the 5year and 10-year average P/E of 24.67 and 22.85, respectively, according to Bloomberg data.
Currently, only the Nasdaq (US) at 36.45, NZX 50 (New Zealand) at 26.26, and Nikkei 225 (Japan) at 24.67 are more expensive.
Bu hikaye Financial Express Mumbai dergisinin October 25, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin October 25, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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