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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Current Market price to earnings ratio compared to other countries

Current Market price to earnings ratio compared to other countries

+6
Antonym
UKboy
xhora
sajeethk
sapumal
suja
10 posters

Go down  Message [Page 1 of 1]

suja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hi Does any one know what the current market PE is. About 03 months ago it was 23 or thereabouts , must be relatively very low now. This could be an indication when we could see a bottom when compared to rest of the countries. Please advise.

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

It should be low. Otherwise we must see lot of news articles, broker research paper saying Price to earning ratio is very high Very Happy Very Happy

sajeethk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

as per cse report today PER 22.13 and PBV 2.78... more detail can get from CSE website...

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cse.lk/sectors/sectorSummary.htm

at 29-Apr-11
PE was 26.2
PBV was 3.2

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

sajeethk wrote:as per cse report today PER 22.13 and PBV 2.78... more detail can get from CSE website...

If CARS, BUKI, SPEN, CARG, CHTR & JKH can produce better profits, market PE will go down.
But except CARG & CARS, im not too sure about the rest.

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

Antonym wrote:In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked


i think they're right. actually trailing PER should be close 12-13 right now if accept that statistic as should

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Antonym wrote:In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked
Definitely market PE ratio should be below 20. As my understanding, CSE website is updated once the companies release the annual report. However, broker firms update every quarter. Many companies still didn't release the annual report. Therefore, market PE ratio should come down once the companies release annual report. Can anyone confirm this one please?

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

Monster wrote:
Antonym wrote:In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked
Definitely market PE ratio should be below 20. As my understanding, CSE website is updated once the companies release the annual report. However, broker firms update every quarter. Many companies still didn't release the annual report. Therefore, market PE ratio should come down once the companies release annual report. Can anyone confirm this one please?

the CSE website eps for BFL 8.38 is there anything more to be said

Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Antonym wrote:In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked

Seems PE ratio has been calculated based on reported EPS. If normalized (removing one time gains) EPS is used, IMHO, PE ratio would be much higher, especially in the BFI sector.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

Academic wrote:
Antonym wrote:In this research report dated 24th June 2011, Lanka Securities has mentioned that the Market PE Ratio was 15.76.
http://www.lsl.lk/admin/doc_resrch/d_110630013648.pdf

Can anyone please confirm which is correct - the CSE website or Lanka Securities?! Shocked

Seems PE ratio has been calculated based on reported EPS. If normalized (removing one time gains) EPS is used, IMHO, PE ratio would be much higher, especially in the BFI sector.

There is truth to that statement but when that report was published ASI was closer 7100 i believe, now it's closer to 6400. PE should be much lower now.

suja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Guys, This is turning out to be a good discussion. If the CSE is saying it is still at 22PE it may be wrong and if so it is still over priced to buy.

But as capital trust has said it is 15 the market is getting very attractive compared to where we were. I really don't know what the other countries are at currently. But any thing below 15 I think there will be foreign participation.

What the SEC will do or brokers will do is beyond our control but getting in to atrractive shares and holding until the tide is gone is within our control. When to enter is totally up to us to analyse.

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Reason there was a drop in the PE was last year companies had extraordinary profits in some quarters. Some sold hotels, some sold shares, some revalued the assets, everybody got tax cuts. (there can be exceptions) Check the profits in each quarter and you'll see a sudden jump in a quarters. Sometimes one quarters profit is more than if you add up the other 3 quarters and multiply by 4/3. This will give you a wrong picture in the PE ratio. We have to see how they're going to keep that profits in the next quarters. You don't get tax cuts every year, sell assets every year.

Be vary of broker's forecasted forward PE ratios.

Specially if you see a low PE ratio then check the profits of the last 4 quarters and how they came up with it.

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