Pakistan 1991…2000 |
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1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
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P/E RATIO |
23.9 |
21.9 |
27.6 |
23.3 |
15 |
11.7 |
14.8 |
7.6 |
13.2 |
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P/BV |
3.1 |
2.5 |
4.2 |
3.5 |
2.2 |
1.5 |
2.3 |
0.9 |
1.4 |
1.4 |
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DIV YIELD
% |
1.9 |
2.5 |
1.5 |
1.6 |
2.4 |
3.2 |
3.2 |
13 |
5.7 |
6.2 |
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According to
above table (source:Standard and poors emerging market database) pakistan
stock market during the period 1991-2000 attained its highest |
valuation in
the year 1993 measured on the three parameters of pe ratio, price book value
ratio and dividend yield. Minimum sample of 50 stocks were taken |
each year to
arrive at the average values of the three parameters. The market would touch
its historical peak based on above valuation measures when the |
averages of
the market touches the 1993 values. This is a pe multiple of 27.6, p/bv ratio
of 4.2, and dividend yield of 1.5%. |
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