TSE’s Average P/E at 5.6

The average price to earnings ratio of Tehran Stock Exchange-listed companies stands at 5.6. This is while 18 companies at TSE have a P/E ratio of higher than 100 and 14 others are in the negative territory, Securities and Exchange News Agency reported on Wednesday. The market’s highest P/E ratio belongs to Zagros Pharmed standing at 1,086. Mellat Investment has the lowest at -80. The P/E ratio is the ratio for valuing a company that measures its current share price relative to its per-share earnings. It can be calculated as market value per share divided by earnings per share.