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Emerging Stocks Are Trading at Their Biggest-Ever Discount to US

Bloomberg Technology Tuesday 20 October 2026, 07:30 UTC By Srinivasan Sivabalan 1 min read
Key Points

EXCLUSIVE Emerging Stocks Are Trading at Their Biggest-Ever Discount to US Soaring earnings estimates for emerging-market companies are pushing stock valuations to a two-decade low versus US peers. The MSCI EM index was trading at 8.96 times 12-month projected earnings last week, sending the gauge’s valuation relative to S&P 500 to as low as 47%, the biggest discount on record since Bloomberg started compiling the data in 2006.

EXCLUSIVE Emerging Stocks Are Trading at Their Biggest-Ever Discount to US Soaring earnings estimates for emerging-market companies are pushing stock valuations to a two-decade low versus US peers. The MSCI EM index was trading at 8.96 times 12-month projected earnings last week, sending the gauge’s valuation relative to S&P 500 to as low as 47%, the biggest discount on record since Bloomberg started compiling the data in 2006.
US (LOCATION) US Soaring (ORG) MSCI EM (ORG) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →

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