What every PSX sector trades at, and how each share compares with its own sector
— the only comparison that means anything. A P/E of 12 is expensive for a bank and
cheap for a pharmaceutical. Judging a share against the whole market silently punishes
every low-multiple sector and flatters every high-multiple one.
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Sector P/E — cheapest first
Sector
Shares
Median P/E
Cap-weighted P/E
Cheapest
Dearest
Mkt cap Rs bn
Not rated
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The sector figure is the MEDIAN, not the average. One company earning almost
nothing produces a P/E of 400 and would drag a twelve-name sector's average to 45 while
the typical member still trades at 8. The median ignores it.
The cap-weighted column answers a different question — total sector value
divided by total sector earnings, which is what the sector actually costs to own —
and the gap between the two columns tells you the big names are priced differently
from the small ones.
Every share vs its sector
All
Cheap
Below
In line
Above
Expensive
Stock
Sector
Price
EPS
Share P/E
Sector P/E
vs sector
Verdict
Forward P/E
P/B
ROE %
Yield %
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“vs sector” is not a buy signal. A share below its sector is either
overlooked or it deserves the discount — falling earnings, a governance problem, a
shrinking business. The number tells you where to start asking, not what to do.
Bands: cheap 25%+ below the sector,
below 5–25% below,
in line within 5%,
above 5–25% above,
expensive 25%+ above.
Not rated — and why
These are shown rather than hidden. A sector that is one-third loss-making is a fact
about that sector, and a page that quietly drops the losers makes every sector look
healthier than it is.