Market Valuation
Different valuation factors applied to global markets.
Green areas indicate undervaluation. Yellow areas indicate fair valuation. Any other area indicates overvaluation.
See the CAPE and other market valuation factors post.
Charts: select an area to zoom in / double click to reset zoom.
Green areas indicate undervaluation. Yellow areas indicate fair valuation. Any other area indicates overvaluation.
See the CAPE and other market valuation factors post.
Charts: select an area to zoom in / double click to reset zoom.
CAPE
Average: 34.18
Moving average: 44.47
The cyclically-adjusted price-to-earnings (CAPE), as defined by Robert Shiller, calculated not with the S&P500, but with all listed companies weighted by size –
Correlation w/ other market factors
0.97814 with EV/FCFF (10 acct. periods)
0.67290 with P/FCFE (10 acct. periods)
0.67290 with P/FCFE (10 acct. periods)
0.99037 with EV/FCFF (10 acct. periods)
0.70911 with P/FCFE (10 acct. periods)
0.70911 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 68.93
Moving average: 78.02
Size-weighted average enterprise value (EV) in relation to the size-weighted moving average (10 years) free cash flow to the firm (FCFF) of all the companies in the selected market. –
Correlation w/ other market factors
0.97814 with CAPE
0.54673 with P/FCFE (10 acct. periods)
0.54673 with P/FCFE (10 acct. periods)
0.99037 with CAPE
0.67311 with P/FCFE (10 acct. periods)
0.67311 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 44.62
Moving average: 50.64
Size-weighted average market capitalization (P) in relation to the size-weighted moving average (10 years) free cash flow to equity (FCFE) of all the companies in the selected market. –
Correlation w/ other market factors
0.67290 with CAPE
0.54673 with EV/FCFF (10 acct. periods)
0.54673 with EV/FCFF (10 acct. periods)
0.70911 with CAPE
0.67311 with EV/FCFF (10 acct. periods)
0.67311 with EV/FCFF (10 acct. periods)