Search Results for: premium

Valuation – FY2 P/E Premium of Growth vs. Value The valuation spread between Growth and Value is still well above its long-term average. Image: Goldman Sachs Global Investment Research

S&P 500 Valuation – Blended P/E Ratio and Equity Risk Premium Should investors take a cautious approach to U.S. equities as the S&P 500’s P/E ratio remains elevated? Are investors compensated enough for the risk of owning U.S. equities rather than bonds? Image: Topdown Charts

24-Month Fwd Sector-Adjusted P/E Premium (Discount) to U.S. Equities Is the U.S. stock market still the best place to invest? Image: Goldman Sachs Global Investment Research

S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield The S&P 500 Equity Risk Premium remains very low. Image: Morgan Stanley Research

European Stocks – MSCI Europe Index Two-Year Forward P/E Premium to MSCI All Country Worl Index European stocks remain cheap relative to their global peers. Image: Morgan Stanley Wealth Management

S&P 500 Equity Risk Premium (Using Breakevens) The S&P 500 equity risk premium remains much lower than it was in March 2020. Is a drawdown on the horizon? Image: Morgan Stanley Research

Global Equity Risk Premium The global equity risk premium does not show a high excess equity return over global government bonds. Image: BofA Global Investment Strategy

FY2 P/E Premium of Highest vs. Lowest Valuation S&P 500 Firms The dispersion of stock multiples has narrowed, but is still wide relative to history. Image: Goldman Sachs Global Investment Research

S&P 500 Equity Risk Premium and Long-Term Average The S&P 500 equity risk premium is slightly higher than the long-term average of 280 bps, but well below the 436 bps average since the Great Financial Crisis. Image: Morgan Stanley Wealth Management

Russell 1000 Equity Risk Premium – Value vs. Growth Value stocks have outperformed growth stocks year-to-date, and remain more attractive than growth stocks. Image: Morgan Stanley Wealth Management