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: 34.08
Moving average: 44.80
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
0.97766 with EV/FCFF (10 acct. periods)
0.67084 with P/FCFE (10 acct. periods)
0.67084 with P/FCFE (10 acct. periods)
0.99004 with EV/FCFF (10 acct. periods)
0.70428 with P/FCFE (10 acct. periods)
0.70428 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 68.96
Moving average: 77.82
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
0.97766 with CAPE
0.54245 with P/FCFE (10 acct. periods)
0.54245 with P/FCFE (10 acct. periods)
0.99004 with CAPE
0.66688 with P/FCFE (10 acct. periods)
0.66688 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 44.71
Moving average: 51.12
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
0.67084 with CAPE
0.54245 with EV/FCFF (10 acct. periods)
0.54245 with EV/FCFF (10 acct. periods)
0.70428 with CAPE
0.66688 with EV/FCFF (10 acct. periods)
0.66688 with EV/FCFF (10 acct. periods)