As of October 31, these were the 10 global markets with the lowest P/E ratios, according to the Financial Times. I have also included tickers for NYSE-listed ADRs from these markets, if there were any:
1. Cyprus, 3.7 x
2. Ireland, 4.6 x (AIB, FLY, CRH, ELN, GLS, IRE)
3. Netherlands, 4.7 x (ENL, RDS.A, PHG, UN, AEG, CNH, CLB, IND)
4. Norway, 5.0 x (STO)
5. Romania, 5.0 x
6. Singapore, 5.2 x (CYD)
7. Russia, 5.3 x (MTL, MBT, ROS, VIP, WBD)
8. Belgium, 5.4 x (DEG)
9. Thailand, 5.8 x
10. Turkey, 6.1 x (TKC)
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