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.
Green areas indicate undervaluation. Yellow areas indicate fair valuation. Any other area indicates overvaluation.
See the CAPE and other market valuation factors post.
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CAPE
Average: 33.54
Moving average: 37.84
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)
0.71222 with P/FCFE (10 acct. periods)
0.71222 with P/FCFE (10 acct. periods)
0.98705 with EV/FCFF (10 acct. periods)
0.66406 with P/FCFE (10 acct. periods)
0.66406 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 69.81
Moving average: 74.00
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
0.57074 with P/FCFE (10 acct. periods)
0.57074 with P/FCFE (10 acct. periods)
0.98705 with CAPE
0.59629 with P/FCFE (10 acct. periods)
0.59629 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 45.65
Moving average: 45.39
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
0.71222 with CAPE
0.57074 with EV/FCFF (10 acct. periods)
0.57074 with EV/FCFF (10 acct. periods)
0.66406 with CAPE
0.59629 with EV/FCFF (10 acct. periods)
0.59629 with EV/FCFF (10 acct. periods)