World Equity Market Valuations Tables January 8th 2015
Comment of the Day

January 08 2015

Commentary by Eoin Treacy

World Equity Market Valuations Tables January 8th 2015

Eoin Treacy's view

Here is a link to the full report.

Since it is the beginning of a new year I thought it might be instructive to compare the valuations currently on offer for the world’s stock markets with those that prevailed in January 2014. 

What is perhaps most apparent is that 12 months ago the Chinese indices were bunched at the top of the list whereas this year, the mainland’s valuations have increased, with the Shanghai A-Share moving from a P/E of 9.84 to 16.16. However the valuations of Hong Kong listed shares are little changed and as a result potentially represent catch up potential. 

The H-Shares Index (P/E 8.43, DY 3.6%) continues to pause in the region of the upper side of its three-year range and a sustained move below the 11,500 area would be required to question medium-term scope for additional upside.  

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 the most problematic indices. We 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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