Morgan Stanley-European Equity Strategy Strategy Data Gallery-106675192

February23,202403:36PMGMTMORGANSTANLEYRESEARCHEUROPEANEQUITYSTRATEGYEuropeEuropeanEquityStrategyMorganStanley&Co.Internationalplc+StrategyDataGalleryEuropeanEquityStrategyArthurTytherEQUITYSTRATEGISTarthur.tyther@morganstanley.com+44207425-2712EuropeanEquityStrategyTeamGiorgioMagagnotti,CFAEQUITYSTRATEGISTChelseaTabeEQUITYSTRATEGISTArthurTytherEQUITYSTRATEGISTMorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofMorganStanleyResearch.InvestorsshouldconsiderMorganStanleyResearchasonlyasinglefactorinmakingtheirinvestmentdecision.Foranalystcertificationandotherimportantdisclosures,refertotheDisclosureSection,locatedattheendofthisreport.+=Analystsemployedbynon-U.S.affiliatesarenotregisteredwithFINRA,maynotbeassociatedpersonsofthememberandmaynotbesubjecttoNASD/NYSErestrictionsoncommunicationswithasubjectcompany,publicappearancesandtradingsecuritiesheldbyaresearchanalystaccount.ContentsMORGANSTANLEYRESEARCHStrategyDataGalleryMARKETVALUATIONSCOUNTRIES®IONSFebruary23,20244Forward30Performance25Trailing31EarningsRevisions6Median32ProspectiveValuations7Normalised33ProspectiveValuations8vsFixedIncome34ProspectiveValuations-GlobalRegions9Long-Term35ValuationsvsHistory36UKvsEuropeexUK37UKvsEuro...