India: Second most expensive emerging market
As per data published by The Economist magzine(Nov 12 issue) India is the second most expensive emerging market based on various multiples like P/E, Price/ book values. Average valuation multiples: [average of trailing and forward earnings,adjusted price to book value and price tp dividend ratio] Argentina : 16 India : 14 Czech republic: 10 Hungary : 9.8 Mexico : 9 Russia : 9 Chile :8.6 Malasiya : 8.3 South Africa : 8.2 Emerging market average: 7.9 Singapore: 7.9 South Koria : 7.9 Hongkong: 7.7 Taiwan: 7
