Growth vs value attractiveness

About a year ago, I wrote down the trailing PEs of four indices (source: Stockopedia) in order to reach a conclusion as to what is better: growth or value.

Here are the current trailing PEs:

UKX 17.6 FTSE 100 – a market proxy
T1X 21.9 Techmark Focus – a proxy for growth
HIX 14.3 FTSE350 Higher yield – a proxy for value
LIX 17.0 FTSE350 Lower Yield – another proxy for growth

T1X/UKX = 1.24. Looking at my favourite chart from the Peter Lynch book, I see that growth is not in the super-cheap category, but it is towards the lower end. Value shares still don’t look particularly attractive.

The figures are almost identical to last year, so the conclusion is the same as last time.

Advertisements

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s