Valuation – S&P 500 12-Month Forward P/E Ratio The S&P 500’s forward P/E ratio of 20x places it above historical averages, reinforcing the view that current valuations are not historically cheap. Image: The Daily Shot
Forward P/E Ratio and Subsequent 5-Year Annualized Returns Considering the valuation of the U.S. stock market, investors may need to adjust their expectations for equity returns, which are likely to be lower in the coming five years. Image: J.P. Morgan Asset Management
Valuation – S&P 500 Forward P/E Ratio vs. 10-Year U.S. Treasury Yield The 10-year U.S. Treasury yield surpassing 4.5% is creating a headwind for equity valuations and potentially dampening investor sentiment. Image: Morgan Stanley Wealth Management
U.S. Tech Valuations – Forward PE Ratio U.S. tech sector’s valuations have surpassed post-COVID highs. However, historical precedent suggests that these high valuations may be challenging to sustain going forward. Image: Morgan Stanley Wealth Management
Valuation – S&P 500 12-Month Forward P/E Ratio and 2-Year U.S. Treasury Yield Historically, rising rates tend to compress S&P 500 valuation multiples. Image: Alpine Macro
Valuations – Forward P/E Ratio and Earnings Volatility The U.S. equity market looks expensive. Should investors worry? Image: Alpine Macro
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
Valuation – S&P 500 Forward P/E Ratio and Subsequent 10-Year Annualized Returns Current S&P 500 valuation suggests anemic returns over the next 10 years. Image: Financial Times
Real Rates vs. S&P 500 Forward P/E Ratio Should investors expect a weak summer for U.S. equities? Image: Nordea and Macrobond
Average Median Forward P/E Ratio for US, UK and Eurozone Stocks vs. S&P 500 Could the S&P 500’s run slow down, as valuations in the U.S. and Europe are lofty? Image: Longview Economics
Equity Valuations – MSCI 12-Month Forward P/E Ratios Indian equity valuations are high. Are investors ignoring fundamentals? Image: Gavekal, Macrobond