World Equity Index Valuations Tables
Comment of the Day

September 06 2013

Commentary by Eoin Treacy

World Equity Index Valuations Tables

Here is the monthly list of 99 global indices ranked in descending order by dividend yield , then in ascending order by P/E, Price / Book and Price / Cash Flow

Eoin Treacy's view

Small cap shares have returned to positions of outperformance in a number of markets but the UK's AIM Index is notable in this month's report. The Index has an historic P/E of 3 which can probably be expected to rise and it yields 1.22%. The Index has been ranging with a mild upward bias since June 2012 and broke out to new 12-month highs this week. While somewhat overextended in the short-term a sustained move below 725 would be required to question medium-term potential for additional higher to lateral ranging.

(Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove those indices which were most problematic. We continue to publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)

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