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: 34.62
Moving average: 46.63
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
0.97806 with EV/FCFF (10 acct. periods)
0.68931 with P/FCFE (10 acct. periods)
0.68931 with P/FCFE (10 acct. periods)
0.99060 with EV/FCFF (10 acct. periods)
0.72682 with P/FCFE (10 acct. periods)
0.72682 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 69.35
Moving average: 79.89
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
0.97806 with CAPE
0.56659 with P/FCFE (10 acct. periods)
0.56659 with P/FCFE (10 acct. periods)
0.99060 with CAPE
0.69470 with P/FCFE (10 acct. periods)
0.69470 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 44.93
Moving average: 53.11
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
0.68931 with CAPE
0.56659 with EV/FCFF (10 acct. periods)
0.56659 with EV/FCFF (10 acct. periods)
0.72682 with CAPE
0.69470 with EV/FCFF (10 acct. periods)
0.69470 with EV/FCFF (10 acct. periods)