Two-Pronged Valuation Method Shows BRICs Still Cheap
As much as value investors like to lean on PE multiples to identify cheap stocks, using it to compare companies in different markets often means ignoring other important, systemic factors (eg political risk or monetary accommodation) that effect valuations. To help make up for that, Jon Harrison and Arnab Das of emerging market research firm Trusted Sources look at a country’s market cap . . .
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