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Q: price-to-earnings ratio of iShares South Korea ETF (AMEX symbol "EWY") ( No Answer,   0 Comments )
Question  
Subject: price-to-earnings ratio of iShares South Korea ETF (AMEX symbol "EWY")
Category: Business and Money > Finance
Asked by: atr-ga
List Price: $35.00
Posted: 22 Feb 2005 08:00 PST
Expires: 24 Mar 2005 08:00 PST
Question ID: 478740
The Yahoo!Finance website shows a P/E of 7.68 for EWY.
See http://finance.yahoo.com/q?fr=slv1-bkt1&d=v1&s=ewy
But there are a couple of things that bother me about
this number. 

First, this value is not seen in any other web-site.
Most noticeably, the iShares website itself, as well as
the rather comprehensive etfconnect.com, do not have
a P/E computed for EWY.

Secondly, EWY's largest holding (23%) is Samsung, a
technology company. I'm skeptical that a fund with
such a large holding in a tech company could have
such a low P/E.

Thirdly, the P/E number has not changed even after
the ETF price ran up almost 20% from the time I posted
this comment:
http://answers.google.com/answers/threadview?id=361678
Adjusting for the price move, the P/E should now be around 9,
unless trailing earnings of Korean companies have gone up
exactly 20% in the last couple of months. But I'd expect to
see some big news releases if that was the case.

THE QUESTION then is, how did Yahoo!Finance arrive at
this number, or is it just wrong?
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