We bring you an overview of how often did current BET constituents outperform and underperform compared to the BET index as a whole.

For this, we calculated the percentage of times (out of 252 trading days in 2021) in which an individual share recorded a higher yield than the index. As visible on the chart, only 3 out of 10 shares outperformed BET by more than 50% of the time. OMV Petrom outperformed the index 52% of the time, followed by Nuclearelectrica and Medlife which both outperformed the index 51% of the time. Other sixteen constituents individually underperformed the index by more than 50% of the time. Out of them, two constituents of the Index, Groupe Societe Generale and Teraplast, outperformed the index 49% of days and underperformed it other 51% of days, while other constituents recorded slightly worse performance compared to the BET index as a whole.

We also present you P/E multiples at which selected Romanian companies currently trade. We can clearly notice that BVB, Electrica and Alro at the moment trade at the highest prices with P/E ratio of 55, 54.2 and 38.1, respectively. It is important to notice that these companies have a very high P/E due to low reported earnings. Nuclearelectrica, Medlife, Conpet, OMV Petrom, BRD Bank and Transelectrica are to follow, and all of them currently trade at P/E higher of 10. Finally, we have Romgaz, Digi, and Purcari that trade with P/E slightly below 10.

P/E of Romanian companies