Sensex has highest P/E among emerging peers
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[March 21, 2006]

Sensex has highest P/E among emerging peers

(The Economic Times (India) Via Thomson Dialog NewsEdge)With the market scaling new highs, valuations seem to be getting stretched. Going by the price-earnings ratio, the sensex has the highest P/E among the emerging market peers.

The sensex is currently ruling at about 20.2 times, while most other markets are ruling at lower multiples. While Hong Kong's index Hang Seng is ruling at 13.1 times, Singapore's Strait Times is at 14.3 times, while Mexico has a P/E of 12.1.


Some global indices like Dow Jones, S&P 500, Nasdaq and Nikkei enjoy higher P/E than its emerging market peers. Nikkei is currently ruling at 44.7 times, Dow Jones at 21.5, Nasdaq at 35.8.

Prices of most of the frontline companies have risen quite substantially, over the past couple of months, especially those in sectors like auto, cement, construction and capital goods.


Considering the growth in economy and robust corporate earnings growth, one cannot say that valuations are stretched. Now we are seeing a P/E re-rating for Indian market, says a fund manager with a leading domestic asset management company (AMC).

Indian markets have outperformed most of the other emerging markets during current year. While the sensex gained 16% since January this year, Singapore rose 6%, Thailand gained 2.3%, Taiwan rose 1%, while Korea was down 3%, making India the best performer during the year.

Emerging markets have seen strong fund flows over the past two months. While emerging markets have received over $20bn during the year, India alone has received $3.5bn (Rs 15,759 crore). So far in March, FIIs have put in $1bn.

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Human Capital Asset Management and Workforce Optimization
Mobile Bill Shock: Leveraging FCCRegulations to Enhance the Subscriber Experience and Create Stronger Subscriber Loyalty
WiMAX Business Deployment Guide: Portability, not mobility, may be what makes WiMAX an attractive option for your current business broadband needs
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
InterCall to Provide Email Hosting Services via eCommerce Portal
Controlling Synchronization Logs in Microsoft Outlook via Email Hostin…
T-Mobile Lowering Costs for Customers with New Call Center …
Swedish Call Center Drives Revenue Growth with New Cloud-based …
Belden Adds a Network TAP to its Hirschmann Product Range
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
TMCnet VoIP Routers Week in Review
TMCnet Next Generation Communications Week in Review
Alcatel's AppGlide Provides Holistic View of the End-user Online Video Experience
Tekelec Adds Ten More DSR Clients
Alcatel-Lucent Goes on Tour
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 2- 5, 2012
The Austin Convention Center
Austin, Texas
Mobility Tech Conference & Expo
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.