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India's sectoral valuations outstrip Asian counterparts, shows data

The price-to-earnings (P/E) for the industrial and consumer staples sectors has more than doubled that of other Asian markets

Topics
MSCI | MSCI indices | BNP Paribas

Samie Modak  |  Mumbai 



The MSCI logo is seen in this June 20, 2017. Photo: Reuters
If one examines the individual sectors, the valuation differential is more pronounced, except for a few sectors

It is well-known that the Indian trade at a significant premium to their Asian peers. The Morgan Stanley Capital International (MSCI) India Index trades at 18.6x its estimated earnings for the year 2024 — nearly 80 per cent more than the 10.5x commanded by the Asia (excluding Japan) Index. However, if one examines the individual sectors, the valuation differential is more pronounced, except for a few sectors.

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First Published: Mon, November 28 2022. 06:15 IST

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