India Is the Most Expensive Market Globally, Says Valuation Guru Aswath Damodaran

Renowned valuation expert Aswath Damodaran has labeled India as the most expensive stock market in the world. In his latest blog post, he highlighted that Indian equities trade at 31 times earnings, 3 times revenue, and 20 times EBITDA—far above global averages. Damodaran cautioned that these valuations are unsustainable, posing significant risks to investors. While India's growth story attracts optimism, he emphasized that high-growth markets must justify such premiums with robust earnings. Comparatively, regions like Latin America and Africa offer lower valuations but come with their own risks.

Sources: CNBC-TV18, Economic Times, Business Today, Financial Express