European Equities Still Cheap, Could Double In Five Years: Barclays

European equities are significantly below the longer-term average and offer potential to double in five years, according to a recent research report from Barclays PLC (NYSE:BCS) (LON:BARC) analysts Ian Scott, Dennis Jose, CFA, and Joao Toniato, Ph.D.

Ian Scott and team at Barclays PLC (NYSE:BCS) (LON:BARC) feel the European stock market appears cheaper than the trailing PE currently indicates.

European equities look cheap

After performing various tests across the broad range of valuation metrics, Barclays’ analysts observed that other than the trailing PE multiple, European equities are still at a significant discount to the longer-term average. The analysts found that due to the current level of EPS remaining quite depressed,...