World Market Valuation Heat Map

Great blog post on Seeking Delta, ranks 71 countries according to P/B, P/E. Well worth a look.

According to this valuation method Japan and developed Europe appear to be the cheapest markets (no big surprise) with Asia and the big commodity players (Australia and Canada) being the most expensive. The US comes out in about the middle; 36^th out of 71 countries ranked. See map.

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