Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
- In this chart, we compute the z-score of P/B ratios of the 11 EM sectors using 5.5 years of data (starting January 2016) and then rank them from 'cheapest' to 'most expensive' based on the distance between the minimum value and the current z-score.
- Health care and Industrials are the most expensive sectors, with the price-to-book ratios trading at historical highs.
- On the other hand, consumer discretionary, real estate and financials are the cheapest sectors based on our analysis.
- It is interesting to see that the energy sector, which is considered 'very cheap' based on current P/B and PE ratios, tend to become more 'expensive' if we look at the current z-score using 5.5 years of data.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok