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: 34.07
Moving average: 44.27
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
0.97747 with EV/FCFF (10 acct. periods)
0.66686 with P/FCFE (10 acct. periods)
0.66686 with P/FCFE (10 acct. periods)
0.98983 with EV/FCFF (10 acct. periods)
0.70289 with P/FCFE (10 acct. periods)
0.70289 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 68.83
Moving average: 77.19
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
0.97747 with CAPE
0.53884 with P/FCFE (10 acct. periods)
0.53884 with P/FCFE (10 acct. periods)
0.98983 with CAPE
0.66574 with P/FCFE (10 acct. periods)
0.66574 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 44.59
Moving average: 50.50
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
0.66686 with CAPE
0.53884 with EV/FCFF (10 acct. periods)
0.53884 with EV/FCFF (10 acct. periods)
0.70289 with CAPE
0.66574 with EV/FCFF (10 acct. periods)
0.66574 with EV/FCFF (10 acct. periods)