earnings developments 2017

Bonds and pricing

A Price Earnings-Ratio Of 15.5 For 2017 And Counting

CaraxAlphavalue | We held the view a year ago that 2016 would be difficult. It turned out to be wrong from summer 2016. Still, we repeatedly mentioned that the 2016 earnings delivery would not be as strong as anticipated from a recovery year after a disastrous 2015. Price earnings ratio ambitions started 2016 with a +12% hope. By early 2017, we are down to 7.5% on our coverage (469 stocks with a combined market cap of about €9tn).