World Country Valuation

Even as world equity has rebounded from its March’s low, many stocks are still cheap relative to its historical valuation. Book value multiple remains depressed as earnings multiple stayed at its historical average, as profitability declined significantly this year for majority of the market.

Our three main top pick markets, Mexico, Turkey and Chile, remain attractive. Both the currency remains cheap and equity valuation is depressed. Aside from that, U.K., Philippines, and Colombia are getting attractive as well. The GBP and COP are on the cheaper side, while PHP is expensive.

Below is the list of all country valuation, as per closing of July 9th, 2020:

Published by Journeyman

A global macro analyst with over four years experience in the financial market, the author began his career as an equity analyst before transitioning to macro research focusing on Emerging Markets at a well-known independent research firm. He read voraciously, spending most of his free time following The Economist magazine and reading topics on finance and self-improvement. When off duty, he works part-time for Getty Images, taking pictures from all over the globe. To date, he has over 1200 pictures over 35 countries being sold through the company.

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