Is there any other set of sector-wise P/Es which can be treated as Industry Benchmarks ?
For an example;
BFI sector PE is 18.10 as of yesterday. (in above CSE website)
If the EPS of ABC bank is Rs. 10, then Market price of ABC stock should reach 18.10 X 10 = Rs. 181.00 theoretically.
But, is there any standard PE value (probably a widely accepted constant, calculated under standard practical circumstances either internationally, regionally or country-wise) for BFI sector ?
[Example: Something like, Benchmark PER of 15 for BFI sector in South Asian Region.]
So that one can compare CSE figures against wider range of data & make his or her decision.
Appreciate your feed back.
Thanks.