Duff & Phelps Releases First Industry Multiples Report In China

Duff & Phelps launches the first edition of the Industry Multiples in China report. The report provides an overview of the trading multiples of companies across 11 key industries within the MSCI China Index as of December 31, 2018.

Highlights include:

• Eight out of 11 industries saw their median P/E multiples decline more than 30% during 2018
• Energy and consumer staples experienced the largest P/E contractions in Q4 2018; only IT and real estate saw increases in the final quarter of last year
• The materials and consumer discretionary sectors reported the largest declines in median P/E multiples of 49% and 47% respectively during 2018
• The utilities and consumer staples industries were most resilient, with median P/E multiples contracting by 9% and 28% respectively during 2018