European Defence: From Valuation Discount to Premium
Relative P/E between European Defence Companies and Stoxx Europe 600 index
Jan
2019
Apr
Jul
Oct
Jan
2020
Apr
Jul
Oct
Jan
2021
Apr
Jul
Oct
Jan
2022
Apr
Jul
Oct
Jan
2023
−40
−35
−30
−25
−20
−15
−10
−5
0
5
10
15
20
25
30
35
European defence vs Stoxx Europe 600
European defence vs Stoxx Europe 600
