Subject: Re: Brazil the cheapest?

                    Min          Max        Median     Current 

Brazil              11.04        29.73        17.34    11.8
China               14.30        61.98        24.40    13.7
Hong Kong            8.55        34.55        18.16    15.8
India               12.69        47.80        24.56    32.2

Japan               13.27        94.25        43.89    25.3  
France               6.20        57.16        19.92    20.3
Germany              7.83        56.86        17.90    18.0
UK                   4.43        28.69        11.84    16.8
USA                  4.72        45.08        14.63    35.8

Brazil, China, Japan are significantly lower than median. India and USA are significantly higher than median. Europe very close to median.

Japan is an odd one. It had such extreme valuations, then a multi-decade slump when valuations declined, that median maybe overstated. Its current valuation seems high given its vulnerability to high energy prices, increased competition from China and USA in auto, batteries and AI.