Fundamental analysis for CEE emerging markets.

Yesterday I posted about new ETF iShares MSCI Eastern Europe (IEER.L). Let's have a look to key fundamental indicators of countries included in the fund. Russian index RTX, Polish WIG, Hungarian BUX and Czech PX.

Country/Region	DivYld	P/B	P/CF	FY0 P/E	12M Trailing P/E	FY1 P/E
Russia	0.98	2.24	13.91	13.22	10.35	11.6
Poland	2.78	2.25	9.14	12.73	12.39	11.94
Hungary	2.6	2.37	6.4	10.23	9.83	9.36
Czech Republic	2.96	2.82	8.52	15.49	18.39	13.62

Central European countries provide high dividends. On average dividend yield in Emerging countries is 1.91. Also P/E ratios are better than average. Lower P/E valuation for Hungary is mainly influenced by low GDP growth which is already one year below 1%. Hungarian economic outlook is the worst in region. See below how these emerging markets stand vs global fundamental picture.

Country/Region	DivYld	P/B	P/CF	FY0 P/E	12M Trailing P/E	FY1 P/E
Global	2.5	2.19	8.74	14.8	15.4	13.69

Related tickers: (GUR), (CEE), (RSX), (GMM), (BIK),