Tehran Stocks P/E at 10.75

The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 10.75 on October 22.
This is while 97 companies at TSE have a P/E ratio of higher than 20, 98 companies were between 10 and 20, 94 were lower than 10, and 36 others in negative territory.
Price-earnings ratio, also known as P/E ratio, measures a company's current share price relative to its per-share earnings.