Today’s stock chart summarizes the average PER of 30 European sectors as of July 28, 2022, based on AlphaValue research, which covers 450 European stocks. Automotive remains the sector with the lowest multiple. But it is also the only one of the first four which should be even cheaper next year, while the three sectors which follow it should see their results deteriorate next year (the small red arrows indicate when the PER 2023 is higher than the PER 2022. The green ones the opposite).
To go further in the valuation ratios:
Zonebourse.com 2022
