92211
Optimism Over Prospects of Iran Stocks Performance
Optimism Over Prospects of Iran Stocks Performance
Tuesday, August 21, 2018

Optimism Over Prospects of Iran Stocks Performance

The recently published Consensus Earnings Report puts the P/E ratio of companies in Iran’s stock market at 4.3
Despite current uncertainties at home and abroad, the growth in profitability of companies has resulted in a general optimism toward markets performance in the coming months
Tuesday, August 21, 2018

Optimism Over Prospects of Iran Stocks Performance

The latest Consensus Earnings Report shows the price to earnings (P/E) ratio of Iranian stocks has dropped to its lowest level in nine months, although growth in profitability has boosted optimism over future performance. 
The report put the P/E ratio of analyzed companies at 4.3. It is the result of collaboration between 33 asset management groups active in Iran's capital markets analyzing indicators of 60 public companies in 19 industries published twice per quarter. 
Securities and Exchange News Agency's latest data show the average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 6.64 for the first quarter of the current fiscal year (March 21-June 21).
The ratio grew 3.1% compared to last fiscal's closing rate.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/MRZyiV
08/21/2018
  1. https://goo.gl/CL6M7h
  • https://goo.gl/wCzS9i
  • https://goo.gl/DgzwoA
  • https://goo.gl/PHGwmq
  • https://goo.gl/eDPpyd

You can also read ...

Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...

Add new comment

Trending

Googleplus