Deals
World’s Most Battered Market Is the Worst Place to Find Bargains
- Median China P/E ratio is three times that of any other market
- Retiree who traded daily last year now sticks to watching TV
Chinese Stock Valuations Still Tower Over Rest of World
This article is for subscribers only.
It’s going to take more than the world’s deepest stock-market selloff to turn China into a destination for international bargain hunters.
Even after a 40 percent tumble in the Shanghai Composite Index over the past 12 months, valuations for China’s domestic A shares are three times as expensive as every other major market worldwide. The median price-to-earnings ratio on the nation’s exchanges is 59, higher than that of U.S. technology shares at the height of the dot-com boom in 2000.