Nifty PE after all earnings have been declared

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Folks,

Attached is the Nifty trailing PE (weighted) for quarter ending September 2017 after results of all firms have been declared. Nifty PE Q2 FY18 for valupickr.xlsx (76.5 KB)

Notes:

  1. The Nifty trailing PE as of 14/11/2017 was 22.91 vs 22.83 as on 14/08/2017. Thus valuations have grown just so slightly more than earnings growth. About the same time last year the PE ratio was 19.15 which means valuations grew ~ 17.5% faster than earnings.

  2. For the quarter ending September 2017 unweighted PAT grew by 14% over Sept 2016, but weighted PAT grew slower by 12.3%. This was mostly on account of stocks with lower than average weights showing much better performance, that got diminished when weights were added. For instance, Tata Steel turned a profit of Rs 1,000 crores from 60 cr loss year ago, Tata Motors PAT trebled, HPCL & BPCL PAT doubled.

  3. For the trailing 12 months ending September 2017, weighted PAT grew 3.70% over trailing 12 months ending June 2017.

Feel free to ask any queries.

Warm regards,

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