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@2026-02-11

55.63VERY 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 = 37.38
Moving average (20 points) = 55.78
Correlation w/ other market factors
0.98892   with EV/FCFF (10 acct. periods)
0.76798   with P/FCFE (10 acct. periods)
0.99343   with EV/FCFF (10 acct. periods)
0.78569   with P/FCFE (10 acct. periods)

EV/FCFF (10 acct. periods)@2026-02-11

100.32

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 = 77.61
Moving average (20 points) = 100.47
Correlation w/ other market factors
0.98892   with CAPE
0.69092   with P/FCFE (10 acct. periods)
0.99343   with CAPE
0.75923   with P/FCFE (10 acct. periods)

P/FCFE (10 acct. periods)@2026-02-11

64.82VERY 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 = 47.76
Moving average (20 points) = 64.99
Correlation w/ other market factors
0.76798   with CAPE
0.69092   with EV/FCFF (10 acct. periods)
0.78569   with CAPE
0.75923   with EV/FCFF (10 acct. periods)
Please wait