Duff & Phelps has published its first edition of “Industry Multiples in China.” The report, which provides an overview of the trading multiples of companies across 11 key industries within the MSCI China Index as of Dec. 31, 2018, finds that every industry saw median P/E ratios decline during 2018. The report provides a detailed overview of the P/B, P/E, EV/EBITDA and EV/sales multiples for nonfinancial services industries, and P/E, P/B, market cap/revenue, and P/TBV multiples for financial industries. More than 400 companies were observed over a two-year period ending Dec. 31, 2018.