India's top listed companies remain the most expensive globally

P/E of 13 Indian firms that are among top 500 in world is 50% higher than global average

India’s top listed companies remain the most expensive globally with a price-to-earnings (P/E) multiple that is nearly 50 per cent higher than the global average and 1.5 times more expensive than China’s top firms.

There are now 13 Indian firms among the world’s 500 biggest companies in terms of market capitalisation, up from nine last year. These 13 companies are now trading at a P/E multiple of 37X, against the top 500 average P/E multiple of 22.5X.

In comparison, 57 Chinese companies in the top 500 list account for 9.7 per cent of the global market capitalisation, well below their