Price/Earnings Multiples

The data used (i.e., share prices and company earnings) for the trailing P/E multiples is based on market data and the most recently available results published by the respective companies in their annual or interim reports. To derive 1-year forward P/E multiples, analyst estimates (i.e., earnings) for the next twelve months (NTM) are applied. 

For comparison purposes, median multiples have been calculated. The bar charts additionally illustrate the interquartile range (IQR) for each sector, based on the full multiples universe of the individual companies in each sector. The IQR represents the middle 50 % of observations in each sector, i.e. the range between the first and third quartiles. 

Companies with negative multiples are excluded from the calculation.

The P/E multiples include the financial services sector (i.e., banks, capital markets, financial services, and insurances).