Irrational Exuberance: Average P/E Ratio on China's New Board Over 110
Published: 2009-11-20
The current average P/E ratio on Shenzhen's ChiNext board has reached 110.81. This means that the listed companies will need to maintain an average yearly growth rate of around 40% to 50% over many years in order for the investment to be recouped.
Source
China Finance Information
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