Eoin Treacy's view This month, one of the list's most notable constituents is the Lithuania market which has so far remained immune from the correction that has gripped the majority of Eastern European indices. The Index has a P/E of 0.69 and yields 7.8%. It has held a consistent progression of higher reaction lows since late 2011 and while susceptible to mean reversion at present, a sustained move below the 200-day MA would be required to question medium-term upside potential.

Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove those indices which were most problematic. We continue to publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)