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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
Optimism Over Prospects of Iran Stocks Performance Optimism Over Prospects of Iran Stocks Performance
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

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.

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