Eoin Treacy's view

Here is link to the full table.

Russia is unsurprisingly the world’s cheapest market on a P/E basis with a value of 5.25 and yield of 5%. Geopolitical uncertainty will deter the majority of investors since we just don’t know when the situation in Ukraine will eventually be resolved.

The US Dollar denominated Russian Traded Index has fallen for the last four consecutive weeks and is approaching an area of previous support. There is scope for steadying in this area but a sustained move above 2000 would be required to question the broad consistency of the medium-term downtrend.

Norway was included in the list of countries Russia is levying sanctions against and its stock market Index is now trading on a P/E of 11.11 and dividend yield of 4.21%. It pulled back sharply this week to unwind the overbought condition relative to the 200-day MA. The 525 level represents the first area of potential support and provided it continues to hold in this area, the most likely scenario is for a period of support building before higher levels can be supported.  

(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 the most problematic indices. We 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.)