By P/E ration Russia is still more attractive then China and Brazil and much more attractive then Indonesia and India.
It would be interesting to observe country P/E ratios in dynamics, but I am still looking for a data source to get it.
Source: FT, from ThomsonReuters. Country P/E’s relate to a sample of stocks that cover at least 75% of eachmarkets capitalisation. † Losses are excluded fromthe P/E calculation on country indices.
The better approach would be also to observe PEG rations like here http://www.indonesianstockmarket.com/idx/country-pe-ratios-and-gdp-growth/, but again cannot find a data source for them.
Russia is still a great buy
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