For All Global Traders there who are using Fundamentals as their Primary Weapon, here are my Reviews of Countries and their Respective P/E Ratio (Price over the Earnings of their Top 30,40 or 50 companies).
First of all, let me lay down the averages:
9-13 - A very Cheap Market, Companies are earning more than their stock prices
14-16 - Market is Fairly Valued
17-22 or UP - Market is overvalued, strong but may lead into bubble burst
ASIA:
PSE - 14.96 (fairly valued, other companies are at 25-30x ratio, banks are at 16-18x, while properties,energy is at 10-12x ratio)
China - 15.35
Hong Kong - 12.20 (my best choice so far if entering into Asian Equities)
Korea - 20.90 (might be bubble forming, coincide with the boom of its Exports/Imports globally)
Australia - 16.50
Singapore - 10.60 (not sure why very low, and upside is very high, but no huge movements lately)
U.S:
Dow Jones - 13.66 (fairly valued at the moment, a lot of upside as company earnings getting better)
S&P - 15.29
Nasdaq - 23.71 (average fair value is 18-21)
Europe:
FTSE - 14.66
Germany - 12.6
Italy - 12.00
Ireland - Negative 8.27
Athens - 30.78
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