RESEARCH
Sector valuation
Median P/E, RoE and RoCE of listed peers in each sector, to set beside an IPO.
Median Trailing P/E, highest first
Top 12 groups. A group needs at least 5 listed peers to show a median.
Live IPOs beside their sector
Asking P/E at the upper band vs the peer median.
No open or upcoming IPO with a P/E yet.
Spread of P/E by group
The light bar is the middle half of listed peers (25th to 75th percentile); the dark mark is the median. One scale for every row.
| Basic industry | Peers | P/E median | Middle half | RoE | RoCE |
|---|---|---|---|---|---|
| Gems, Jewellery And Watches | 48 | 69.6x | 41.8x–100.9x | 12.5% | 19.0% |
| Gems, Jewellery And Watches | 48 | 69.6x | 41.8x–100.9x | 12.5% | 19.0% |
| Pharmaceuticals | 63 | 44.2x | 26.5x–64.1x | 10.4% | 9.3% |
| Pharmaceuticals | 63 | 44.2x | 26.5x–64.1x | 10.4% | 9.3% |
| Packaged Foods | 13 | 42.0x | 25.2x–60.9x | 13.1% | 21.2% |
| Packaged Foods | 13 | 42.0x | 25.2x–60.9x | 13.1% | 21.2% |
| Other Textile Products | 22 | 41.5x | 24.9x–60.2x | 22.1% | 10.4% |
| Other Textile Products | 22 | 41.5x | 24.9x–60.2x | 22.1% | 10.4% |
| Iron & Steel Products | 8 | 38.8x | 23.3x–56.3x | 18.1% | 25.8% |
| Iron & Steel Products | 8 | 38.8x | 23.3x–56.3x | 18.1% | 25.8% |
| Civil Construction | 47 | 35.5x | 21.3x–51.5x | 15.3% | 12.3% |
| Civil Construction | 47 | 35.5x | 21.3x–51.5x | 15.3% | 12.3% |
| Cables - Electricals | 31 | 34.6x | 20.8x–50.2x | 20.9% | 25.9% |
| Cables - Electricals | 31 | 34.6x | 20.8x–50.2x | 20.9% | 25.9% |
| Financial Technology (Fintech) | 40 | 34.4x | 20.6x–49.9x | 14.6% | 12.5% |
| Financial Technology (Fintech) | 40 | 34.4x | 20.6x–49.9x | 14.6% | 12.5% |
| Industrial Products | 31 | 31.4x | 18.8x–45.5x | 18.7% | 18.8% |
| Industrial Products | 31 | 31.4x | 18.8x–45.5x | 18.7% | 18.8% |
| Hospital | 46 | 24.1x | 14.5x–34.9x | 11.8% | 11.7% |
| Hospital | 46 | 24.1x | 14.5x–34.9x | 11.8% | 11.7% |
| Plastic Products - Industrial | 74 | 23.6x | 14.2x–34.2x | 10.6% | 24.1% |
| Plastic Products - Industrial | 74 | 23.6x | 14.2x–34.2x | 10.6% | 24.1% |
| Aerospace & Defense | 74 | 20.7x | 12.4x–30.0x | 12.0% | 22.5% |
| Aerospace & Defense | 74 | 20.7x | 12.4x–30.0x | 12.0% | 22.5% |
How to read this
A P/E means little alone. Put it beside the listed companies the IPO is joining. A lower P/E than peers is not automatically "cheap", and a higher one is not automatically "costly": growth, debt and quality all matter. This is a measurement, never a verdict.