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.

Telecom
Utilities
Materials
HealthCare
ConsumerStaples
Industrials
Energy
InformationTechnology
ConsumerDiscretionary
Financials

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4. Telecom VC Sucks
5. Telecom vs Web 2.0