msTe017 Premium: How Markets Have Performed At Different P/E Ranges | Capitalmind Premium: How Markets Have Performed At Different P/E Ranges By Deepak Shenoy - February 17, 2017 336 @ Capitalmind Premium Index P/E Charts It’s interesting to see how P/E ranges impact longer term returns. If you look at a Price to Earnings Ratio (P/E) independent of anything else, it’s not very useful — ‘because the earnings growth might actually be spectacularly high, or expected to be. The Nifty is now at a P/E of 23. This is high, but still below highs of 2015/16 where we saw it beyond 24. If, in the past, you had held the Nifty when it was at a PIE of 23, then you would see + Average I year returns of -10% + Average 3 year returns of -1.89% (annualized) + Average 5 year returns of 6.94% (annualized) ps:ieapitalming ini2017102/premium-now-markels-have-porformed.al-diferentpe-ranges/2uim_source=wysaSum_medium=emailéulm_campaig.. 1/11msTe017 Premium: How Markets Have Performed At Different P/E Ranges | Captialmind + Average 7 year returns of 12.12% (annualized) + Average 10 year returns of 13.44% (annualized) (Get Captain Premiums Go Premium for only Rs 1.499/month with 10% discount ‘The longer term returns have little data though, since we only have P/E data sine 1999, so it’s really been one earnings eycle. hps/icapitalmind n/201702/premium-now-markets-have-performed-al-diferentpe-ranges/?uim_source=wysiaulm_medium=emailéulm_campaig. ammsTe017 Premium: How Markets Have Performed At Different P/E Ranges | Captialmind Nifty PE) ~ | 1 yr 3yrs Syrs 7yrs 10yrs 15.0 7 6 15.74% 16.0 23.28% 18.72% 16.39% 14.29% 17.0 20.98% 13.67% 14.14% 14.59% 13.75% 18.0 12.46% 11.91% 13.25% 13.61% 13.98% 19.0 7.63% 9.66% 9.44% 13.03% 13.19% 20.0 5.59% 6.19% 8.14% 11.38% 21.0 1.70% 4.52% 7.01% 11.53% 22.0 -3.94% 2.18% 8.48% 11.05% 14.02% 23.0 9 % 6.94% 12.12% 13.44% 24.0 : 25.0 26.0 27.0 28.0 ps:ileapitalming in/2017102/premium -now-marksls-have-porformed.al-diferentpe-ranges/2uim_source-wysaSuim_medium=emailéulm_campaig... 3/11