After a great response to our post on the Nifty P/E and EPS growth yesterday, we’ve been requested for a similar post on the CNX 500. This is a larger index so it’s more “broad” as a representation.
And it’s even worse on performance. (Remember, the Nifty EPS Growth was 2.77%)
The P/E ratio of the CNX 500 is at 24.3. This is very close to all time highs. And the EPS growth is an abysmal 1.64%.
The only good thing is that was about this bad last year around March, after which it moved back up substantially till December. Post Jan 2015, as the results of the December quarter trickled in, EPS growth has been falling and now, it’s just looking to fall below zero again.
For the CNX 500, […]