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: 33.79
Moving average: 40.25
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
0.97897 with EV/FCFF (10 acct. periods)
0.68786 with P/FCFE (10 acct. periods)
0.68786 with P/FCFE (10 acct. periods)
0.98929 with EV/FCFF (10 acct. periods)
0.68564 with P/FCFE (10 acct. periods)
0.68564 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 69.43
Moving average: 75.10
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
0.97897 with CAPE
0.55464 with P/FCFE (10 acct. periods)
0.55464 with P/FCFE (10 acct. periods)
0.98929 with CAPE
0.63652 with P/FCFE (10 acct. periods)
0.63652 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 45.48
Moving average: 47.03
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
0.68786 with CAPE
0.55464 with EV/FCFF (10 acct. periods)
0.55464 with EV/FCFF (10 acct. periods)
0.68564 with CAPE
0.63652 with EV/FCFF (10 acct. periods)
0.63652 with EV/FCFF (10 acct. periods)