January performance and valuation of emerging markets

Blank indicates data not applicable (eg loss-making in case of missing PE, or absence of 5-year history in case of Small EM-FM Tech, transformative changes in index composition over the last 5 years (eg Kazakhstan), or not meaningful in case of very high PB or PE, eg in Lebanon, Zimbabwe).

*Denotes local index, else MSCI..

** For Technology, Denotes customised index (weighted average of largest stocks in each category and instead of P/B versus 5y average, EV/Sales versus average since start of 2019 is shown. 
Chart: Hasnain Malik Source: Bloomberg (30 January 2022), Tellimer Research Get the data