News From Press No red alert on market valuations; Nifty trading at P/E multiples cheaper than 5-year, 10-year average

No red alert on market valuations; Nifty trading at P/E multiples cheaper than 5-year, 10-year average

Source: Financial Express Oct 25, 2023

The recent four-day meltdown notwithstanding, Indian markets continue to be one of the most expensive in the world, with the Nifty-50 trading at a trailing 12-month (TTM) price-to-earnings (P/E) multiple of 22.22 as of October 23 – the fourth highest in the world. The good news: It is still cheaper than the 5-year or 10-year average of the index, or the even 1-year average.

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