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The article discusses this and disagrees. Even in the same sectors and with the top 7 companies removed, sectors in the US have higher P/E ratios due to higher
by boulos 2y ago
The article discusses this and disagrees. Even in the same sectors and with the top 7 companies removed, sectors in the US have higher P/E ratios due to higher projected growth rates.
- rsanek 2y agoThe article quotes Draghi as saying “If we exclude the tech sector, EU productivity growth over the past 20 years would be broadly at par with the US,” so I think it agrees.
- boulos 2y agoOh! My edit didn't go through. I had tried to change "the article" to "the article at https://on.ft.com/41jw5ZY https://on.ft.com/41jw5ZY".