7 Stocks With PE Ratio Within Average Market Acceptable Ratio


Thursday, December 29, 2016 9.50 AM / TheAnalyst 

As microeconomic fundamentals continue to display bleak outlook with strong indication of further slides, taking investment decisions become tough in such an economy, particularly in the equities market. This is because stock market tends to shed weight considerably in an economy facing challenges.

In this regards, there is a strong need to scratch beyond the surface and probe further into business fundamentals, earnings performance and possibility of future earnings of quoted firms, just to aid your investing decisions. The personal due diligence work is expected to focus on highlighting overvalued and undervalued stocks for an edge against the overwhelming odds in the market.

Seven (7) stocks record PE Ratio within the acceptable market PE Ratio. These stocks are CHAMS (from the ICT Sector), REDSTAREX (Services), FIDSON (Healthcare), DANGCEM (Industrial Goods), CAP (Industrial Goods), ACADEMY (Services) and MAYBAKER (Healthcare).

Thirty (30) stocks record PE ratio above acceptable market PE ratio. NESTLE, CHAMPION and NB which are from the consumer goods sector top the list of such stocks with over 1,000 PE ratio.

Seventy-seven (77) stocks record PE ratio below market acceptable PE ratio. Stocks from the financial services sector dominate the list and closely followed by Consumer Goods, Oil & Gas, Services, Healthcare and Industrial Goods sectors.

Fifty-eight (58) stocks have no PE Ratio.

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