Great Britain at a bargain
May 30, 2023
You thought European equities overall were cheap. Well, UK equities are even cheaper as they trade at their biggest discount towards European equities in two decades in terms of PER ratio. Compared to the US, the UK discount is currently more than 40% with almost all sectors ( except tech hardware and telco ) trading at substantial discounts to their US peers. We continue to screen for new investment ideas in the UK as there are investment bargains in quality businesses for long term investors once the post-Brexit dust settles.