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March 17, 2008
Fun with Sectoral Multiples
Quiz question: Rank the following industry sectors in terms of their current discount, largest to smallest, from historical forward price/earnings multiples. As you'll see when I post the real numbers, some definite surprises.
TelecomUtilities
Materials
HealthCare
ConsumerStaples
Industrials
Energy
InformationTechnology
ConsumerDiscretionary
Financials
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my guess is IT & Cons Discretionary