Country Estimated P/E Ratios and Dividend Yields

For those interested, below we highlight the estimated P/E ratios and current dividend yields of the major equity indices of 22 countries. As shown, Russia currently has an estimated P/E of 3! South Africa has the second lowest at 6, followed by Brazil, Italy, the UK, France, and Canada. The highest valuations come from Switzerland, China, Japan, and the US. Remember, these are estimated P/E ratios for the next four quarters, and the overwhelming majority believe earnings estimates are still way too high.

Looking at dividends, Italy's MIB 30 has the highest yield at 9.1%. Behind Italy is Taiwan (8.8%), Sweden (7.2%), Australia (7%), Malaysia (6.9%), and Singapore (6.6%). China and India have the lowest dividend yields at 2.1%, followed by Japan and South Korea at 2.8%. The S&P 500 currently has a yield of 3.4%.

Relatively speaking, valuations and dividend yields in the US aren't that attractive compared to other equity markets around the world.

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Comments

[Going Short...:]

But a free fall for the Ruble would certainly put a damper on those numbers. Very risky proposition. How long can the Russians keep spending from their strategic reserves to maintain the Ruble?

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2008 Dec 04 01:29 PM