In my local stock market, P/E ratios differ from industry to industry. Take furniture makers - P/E ratios are at about 8 (TTM). For infrastructure companies, it's at roughly 12. For banks it's at about 15.
What is the reason for this, in general terms? Why do different industries have different P/E ratios? In the case above furniture companies locally have the highest growth in earnings across the board but some of the lowest P/Es I have seen and would like to understand why.
Submitted March 19, 2017 at 12:19PM by learner1314 http://ift.tt/2n46OzC
