Bank of America Merrill Lynch Europe Valuation Analysis (Dec 2016)

Bank of America Merrill Lynch Europe Valuation Analysis (Dec 2016) The passage contains only market valuation data and commentary on European equities with no mention of political figures, financial misconduct, or actionable investigative leads. Key insights: MSCI Europe forward PE aligns with 30‑year average but at lower end of recent range.; Europe trades at an 18% PE discount to the US, the widest in 20 years.; Relative profitability (ROE, EPS) in Europe lags the US, driving valuation gaps.