• In 2015, US traded at 1.4x the Asia ex Japan PE, it narrowed to 1.25x in 2016, and then back to 1.4x in 2017
  • EPS growth in 2017 is expected at 23.1% for Asia ex Japan versus 10.3% for the US
  • Analysts expect this 40% PE premium for US to persist in 2018-2019, do YOU?