Overvalued

This screen lists stocks on Asian exchanges with a price-to-cash-flow ratio between 50 and 200, a positive return on equity below 15% and a price-to-book ratio below 20, sorted by price-to-cash-flow, highest first. These companies are priced for strong growth that their current returns do not yet show. Some will grow into their valuations, but expensive stocks with modest returns are vulnerable when expectations slip. Prices are in each exchange's local currency, and the list covers stocks traded in Tokyo, Hong Kong, Singapore, Seoul and Jakarta with at least about US$0.7 million in average daily trading value.