Valuation – S&P 500 Cyclically-Adjusted P/E Ratio

Valuation – S&P 500 Cyclically-Adjusted P/E Ratio Should investors take a cautious approach to U.S. equities as the S&P 500’s cyclically-adjusted P/E ratio remains elevated? Image: Gavekal, Macrobond

Valuation – S&P 500 Forward P/E Ratio

Valuation – S&P 500 Forward P/E Ratio The S&P 500 forward P/E ratio has been flat since May 2020, but remains at high levels. Image: Deutsche Bank Asset Allocation

Value vs. Growth – Forward P/E Ratios

Value vs. Growth – Forward P/E Ratios Value stocks still look cheap relative to growth stocks, despite the recent strength in value stocks. Image: J.P. Morgan Asset Management