Market valuation analysis of sector PE multiples post‑Brexit

Market valuation analysis of sector PE multiples post‑Brexit The document is a routine equity strategy note discussing sector price‑earnings ratios and valuation trends. It contains no references to individuals, institutions, financial flows, or potential misconduct, offering no actionable investigative leads. Key insights: Financials have re‑rated most since Brexit but are now near median valuations.; Global cyclicals trade near or below historical PE averages.; Resources sectors see PE de‑rating despite strong price performance.