Russia-Ukraine crisis: Sensex P/E multiple hits 21-month low of 24.2 times

In comparison, the index was trading at a P/E multiple of 34.4x at the end of March and 31.7x when it hit the all-time high last October

The sell-off in the Indian markets in recent weeks has sparked a sharp decline in equity valuations on Dalal Street. The trailing price-to-earnings (P/E) multiple of the benchmark BSE Sensex hit a 21-month low of 24.2 times (x) on Thursday as the index witnessed another bout of selling.

It declined 366 points or 0.66 per cent on Thursday. With this, the index has fallen 11.5 per cent from its lifetime high of 62,245, touched on October 19.

In comparison, the index was trading at a P/E multiple of 34.4x at the end of March and 31.7x when it