RESEARCH
Sector valuation
Median P/E, RoE and RoCE of listed peers in each sector, to set beside an IPO.
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.