Here are the PE ratio of the various markets:
World Price-Earnings
P/E Est. P/E
Japan (Nikkei 225) 43.93 49.64
Singapore (STI) 14.51 16.35
US (S&P500) 17.97 15.59
Indonesia (JCI) 20.27 15.93
Malaysia (KLCI) 15.78 15.91
Taiwan (TWSE) 19.97 15.12
Italy (MIB30) 15.19 14.29
Hong Kong (HSI) 13.32 14.21
Germany (Dax) 14.94 13.95
UK (FTSE100) 15.43 13.37
South Korea (KOSPI) 12.45 13.34
France (CAC 40) 14.68 13.33
Thailand (SET) 10.58 11.59
P/E is calculated on trailing 12 months net earnings (after tax) per share of component stocks.
Est P/E is calculated based on IBES earnings estimates.
Based on estimate PE (ie for next year), Japan and Singapore looks relatively expensive, while South Korea and Thailand looks cheap.
However, at estimated PE of 16 times, the Singapore market still looks acceptable. So, there is nothing to be concerned about.
It seems that the profit is forecasted to drop for Japan, Singapore, Hong Kong, South Korea and Thailand over the next 12 months.
P/E is calculated on trailing 12 months net earnings (after tax) per share
of component stocks. Est P/E is calculated based on IBES earnings estimates.
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1 comment:
Is this accurate advice?
I take your advice seriously because you are supposed to be an expert in this field. As a layman that is how I interpet what you say.
So , if I make money from your advice (which is what I expect) it is normal.
If I lose money because of your advice , you cannot turn around and say to me as your policyholder , "No , No , I did not give poor advice and I am not resposible for your losses.I did not know."
If you are one of those coffeeshop bookies who give out advice , I am a fool to listen to you.
But you are not a coffeeshop bookie,you are trained and an expert in this area. So I am following your advice and I expect to make money from it.
I think this is a fair statement and expectation. Otherwise , experts can give advice and then when things go wrong , conviniently clean their hands and claim ignorance.
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