Some of these cookies are essential to the operation of the site,
while others help to improve your experience by providing insights into how the site is being used.
Explanation: I forgot to add- multiples refers to the price:earnings ratio. If historically the broad based index has an average, say of 25:1 price to earnings ratio, and financials had an average of 15:1, they trade at a discount compared to the broad market. If, now thea are tarding at 20:1 P/E then they are trading closer to the market as a whole than they were before.
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.