Skip to content

Market Valuation

Outline
Download

Different valuation factors applied to global markets.

Green areas indicate undervaluation. Yellow areas indicate fair valuation. Any other area indicates overvaluation.

More info in the post CAPE and other market valuation factors post.

Charts: select an area to zoom in / double click to reset zoom.

CAPE

54.81VERY HIGH

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   –

Stats
Average = 36.69
Moving average (20 points) = 54.86
Correlation w/ other market factors
0.98664   with EV/FCFF (10 acct. periods)
0.72967   with P/FCFE (10 acct. periods)
0.99318   with EV/FCFF (10 acct. periods)
0.76451   with P/FCFE (10 acct. periods)

EV/FCFF (10 acct. periods)

97.62

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.   –

Stats
Average = 76.60
Moving average (20 points) = 97.67
Correlation w/ other market factors
0.98664   with CAPE
0.64034   with P/FCFE (10 acct. periods)
0.99318   with CAPE
0.73590   with P/FCFE (10 acct. periods)

P/FCFE (10 acct. periods)

63.57VERY HIGH

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.   –

Stats
Average = 47.15
Moving average (20 points) = 63.62
Correlation w/ other market factors
0.72967   with CAPE
0.64034   with EV/FCFF (10 acct. periods)
0.76451   with CAPE
0.73590   with EV/FCFF (10 acct. periods)
Please wait