click for ginormous version
worlds cheapest stock markets
Source: The Telegraph


Nice graphic from The Telegraph, showing relative valuations around the world, using P/E ratios, CAPE, and Price to Book.

To be named “cheap”, markets had to be trading below their own historic valuation across all three measures. As the map to the left shows, only a handful of stock markets managed to achieve this feat – Greece, China, Hong Kong, India, Japan, Russia and Turkey.

Some stock markets will be cheap because the countries are in the midst of economic turmoil – this certainly rings true for Greece and Turkey, which both have fragile economies. Highly indebted Greece, in particular, has been trying to get its house in order.”

Very nicely done.


Revealed: The world’s cheapest stock markets
Kyle Caldwell
The Telegraph, 07 Jun 2014


Category: Investing, Markets, Valuation

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “World’s Cheapest Stock Markets”

  1. ch says:

    Russia 2nd cheapest in the world, 22% debt-to-GDP and the world’s 2nd biggest oil producer in a world that is short oil (2 headlines this week from IEA), yet the US ratings agencies just downgraded Russian sovereign debt to junk.

    US finance markets have become so centrally-planned that Beijing would blush

  2. supercorm says:

    Beijing can’t blush either … they have the same favorable skews towards their Financial institutions.