Baku, Azerbaijan, Jan. 24
By Khalid Kazimov – Trend:
The average price-to-earnings ratio of Tehran Stock Exchange-listed companies stood at 7.17 over the last Iranian calendar month to January 20.
This is while 60 companies at TSE had a P/E ratio of between 10-20, another 166 had a P/E ratio less than 10.
in the meantime, some 20 companies were in negative territory, Securities and Exchange News Agency reported.
The value of the market in this period reached 393 trillion tomans (about $90 billion by the free market rates).
The Persian Gulf Petrochemical Industries Company with a value of $279.9 trillion rials ($6.4 billion), Mobarakeh Steel Company with a value of 228.7 trillion rials ($5.2 billion), Mobile Telecommunication Company of Iran with a value of 166.7 trillion rials ($3.8 billion) ranked as the top companies among the 324 TSE-listed companies in value term.