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.
Green areas indicate undervaluation. Yellow areas indicate fair valuation. Any other area indicates overvaluation.
See the CAPE and other market valuation factors post.
Charts:
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CAPE
Average: 17.30
Moving average: 35.40
The cyclically-adjusted price-to-earnings (CAPE) as defined by Robert Shiller –
Correlation w/ other market factors
0.94228 with EV/FCFF (10 acct. periods)
0.66665 with P/FCFE (10 acct. periods)
0.66665 with P/FCFE (10 acct. periods)
0.89205 with EV/FCFF (10 acct. periods)
0.68354 with P/FCFE (10 acct. periods)
0.68354 with P/FCFE (10 acct. periods)
EV/FCFF (10 acct. periods)
Average: 69.13
Moving average: 83.07
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
0.94228 with CAPE
0.52332 with P/FCFE (10 acct. periods)
0.52332 with P/FCFE (10 acct. periods)
0.89205 with CAPE
0.50919 with P/FCFE (10 acct. periods)
0.50919 with P/FCFE (10 acct. periods)
P/FCFE (10 acct. periods)
Average: 46.02
Moving average: 48.29
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
0.66665 with CAPE
0.52332 with EV/FCFF (10 acct. periods)
0.52332 with EV/FCFF (10 acct. periods)
0.68354 with CAPE
0.50919 with EV/FCFF (10 acct. periods)
0.50919 with EV/FCFF (10 acct. periods)