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: 35.41
Moving average: 48.71
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
0.90279 with EV/FCFF (10 acct. periods)
0.86654 with P/FCFE (10 acct. periods)
0.86654 with P/FCFE (10 acct. periods)
0.88559 with EV/FCFF (10 acct. periods)
0.86510 with P/FCFE (10 acct. periods)
0.86510 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 91.36
Moving average: 148.06
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
0.90279 with CAPE
0.89257 with P/FCFE (10 acct. periods)
0.89257 with P/FCFE (10 acct. periods)
0.88559 with CAPE
0.83054 with P/FCFE (10 acct. periods)
0.83054 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 52.88
Moving average: 79.60
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
0.86654 with CAPE
0.89257 with EV/FCFF (10 acct. periods)
0.89257 with EV/FCFF (10 acct. periods)
0.86510 with CAPE
0.83054 with EV/FCFF (10 acct. periods)
0.83054 with EV/FCFF (10 acct. periods)