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A tale of two P/E ratios

Hat tip: Kapil Tandon

The data of the Nifty Midcap 50 below reminds me of Charles Dicken’s quote from ‘A Tale of Two Cities’ :

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.

In Jan 2008

In April 2017

One reply on “A tale of two P/E ratios”

Interesting to note that p/b ratio showcasing the exact opposite scenario….

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