Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices</em></p><p style="text-align:justify">On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999.</p><p style="text-align:justify">The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels. This ratio is essentially the number of rupees that investors are ready to pay for every rupee of earnings over the last 12 months of the stocks that make up any index.</p><p style="text-align:justify">The average yearly PE ratio of the Nifty 50 has been largely rising since 2013. This basically means that share prices have risen much faster than company earnings. This is true for other indices as well. Interestingly, the overall net profit of listed companies in India hasn&rsquo;t grown in many years. Their overall net profit in 2019-20 was lower than in 2007-08. Of course, 2019-20 profits would have been slightly hit by the covid pandemic, but even the overall net profit for 2018-19 was lower than that in 2010-11.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html" title="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices</em></p><p style="text-align:justify">On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999.</p><p style="text-align:justify">The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels. This ratio is essentially the number of rupees that investors are ready to pay for every rupee of earnings over the last 12 months of the stocks that make up any index.</p><p style="text-align:justify">The average yearly PE ratio of the Nifty 50 has been largely rising since 2013. This basically means that share prices have risen much faster than company earnings. This is true for other indices as well. Interestingly, the overall net profit of listed companies in India hasn&rsquo;t grown in many years. Their overall net profit in 2019-20 was lower than in 2007-08. Of course, 2019-20 profits would have been slightly hit by the covid pandemic, but even the overall net profit for 2018-19 was lower than that in 2010-11.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html" title="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices</em></p><p style="text-align:justify">On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999.</p><p style="text-align:justify">The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels. This ratio is essentially the number of rupees that investors are ready to pay for every rupee of earnings over the last 12 months of the stocks that make up any index.</p><p style="text-align:justify">The average yearly PE ratio of the Nifty 50 has been largely rising since 2013. This basically means that share prices have risen much faster than company earnings. This is true for other indices as well. Interestingly, the overall net profit of listed companies in India hasn&rsquo;t grown in many years. Their overall net profit in 2019-20 was lower than in 2007-08. Of course, 2019-20 profits would have been slightly hit by the covid pandemic, but even the overall net profit for 2018-19 was lower than that in 2010-11.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html" title="https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html">click here</a> to read more.</p>                                                           
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The anatomy of a stock market bubble staring India in the face -Vivek Kaul

Published on Dec 28, 2020   Modified on Dec 28, 2020

-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels. This ratio is essentially the number of rupees that investors are ready to pay for every rupee of earnings over the last 12 months of the stocks that make up any index. The average yearly PE ratio of the Nifty 50 has been largely rising since 2013. This basically means that share prices have risen much faster than company earnings. This is true for other indices as well. Interestingly, the overall net profit of listed companies in India hasn’t grown in many years. Their overall net profit in 2019-20 was lower than in 2007-08. Of course, 2019-20 profits would have been slightly hit by the covid pandemic, but even the overall net profit for 2018-19 was lower than that in 2010-11. Please click here to read more.

Livemint.com, 28 December, 2020, https://www.livemint.com/opinion/columns/the-anatomy-of-a-stock-market-bubble-staring-india-in-the-face-11609081382394.html

Tagged with: Price to Earnings Ratio PE Ratio Stock Prices Financial Investment Stock Market Real Interest Rate

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