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: 34.48
Moving average: 47.38
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
0.97848 with EV/FCFF (10 acct. periods)
0.68304 with P/FCFE (10 acct. periods)
0.68304 with P/FCFE (10 acct. periods)
0.99068 with EV/FCFF (10 acct. periods)
0.71984 with P/FCFE (10 acct. periods)
0.71984 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 69.20
Moving average: 80.97
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
0.97848 with CAPE
0.55964 with P/FCFE (10 acct. periods)
0.55964 with P/FCFE (10 acct. periods)
0.99068 with CAPE
0.68603 with P/FCFE (10 acct. periods)
0.68603 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 44.85
Moving average: 54.10
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
0.68304 with CAPE
0.55964 with EV/FCFF (10 acct. periods)
0.55964 with EV/FCFF (10 acct. periods)
0.71984 with CAPE
0.68603 with EV/FCFF (10 acct. periods)
0.68603 with EV/FCFF (10 acct. periods)