Indian markets are among the most expensive in the world


#1

Here are the PE ratios of the biggest developed and emerging markets. The 2 Indian indices are the most priciest in the world after the tech heavy NASDAQ index.

Country Index Apr-18 May-18
USA NASDAQ Composite Nasdaq Composite 21.6 22.5
India (BSE) S&P Sensex 24.1 20.6
India (NSE) Nifty 50 22.5 19.8
Australia All Ordinaries 15.9 16.7
Chile Stock Market Select 17.4 16.2
USA DOW JONES Dow Jones Industrial Average 16.3 16.1
Malaysia FTSE Bursa Malaysia KLCI 16.6 15.8
Thailand Stock Exchange of Thai 16 15.7
Mexico Bolsa 15.9 15.6
Indonesia Jakatra Composite 15.8 15.4
France CAC 40 14.3 14.5
South Africa FTSE/JSE Africa All Share 15.4 14.5
UK FTSE 100 13.3 14
Colombia IGBC General 14.2 13.8
Singapore STI Straits Times 13.7 13.6
Taiwan Taiwan Taiex 13.2 13.4
Germany Dax 12.6 12.9
Argentina Indice Bolsa General 13.4 12.3
China Shanghai SE Composite IX 12.3 12.2
Egypt Hermes 12.2 12.2
Hong Kong HSI Hang Seng 11.6 11.8
Brazil Bovespa 12.9 11.5
Hungary Budapest Stock Exchange 10.5 10
Pakistan Karachi 30 9.9 9.4
Turkey ISE National 100 8.2 7
Russia Russian Traded 6.3 5.9

Source: SEBI Bulletin.

Although, PE ratios on their own don’t say anything, they can be useful data point when analyzing the markets.


#3

PE of the two major indices.

P/E Ratio 2018-19* 2017-18 May-18
S&P BSE Sensex 23.2 22.7 23.2
Nifty 50 27.2 24.7 27.2