Valuation Gap Between U.S. and Emerging Markets ex-China According to BofA, emerging markets ex-China benefit from favorable demographics, modernization potential, and attractive valuations for the long term. Image: BofA Global Research
Valuation Metric The S&P 500’s median valuation metric is now in the 90th percentile. That’s not cheap by historical standards. Image: Goldman Sachs Global Investment Research
Valuation – S&P 500 vs. 10-Year Treasury Bond This chart suggests that there is a 2 in 3 chance of a trend reversal, as the S&P 500 looks overbought vs. the 10-year Treasury bond. Image: BCA Research
Valuation – S&P 500 EV/EBITDA The EV/EBITDA of the S&P 500 suggests that stocks are as expensive as they were during the Internet bubble. Image: Tomasz Hońdo
U.S. Stock Market – Valuation Metric Is the U.S. stock market overvalued? By historical standards, many traditional valuation metrics look expensive. Image: Charles Schwab
S&P 500 Valuation Multiples The price-to-sales ratio of the S&P 500 Index suggests that stocks are as expensive as they were during the Internet bubble. The P/E ratio also remains at high level. Image: Tomasz Hońdo
Valuation – Largest Company in Terms of Market Value in the S&P 500 At current level, Apple is the largest publicly traded U.S. company. Image: Financial Times
S&P 500 Valuation Metric Is the U.S. equity market overvalued? The S&P 500’s median valuation metric is in the 89th percentile. That’s not cheap by historical standards. Image: Goldman Sachs Global Investment Research
Valuation – U.S. Equity Market Capitalization to GDP Is the U.S. stock market overvalued? The equity capitalization-to-GDP ratio hits new all-time high. Image: Goldman Sachs Global Investment Research
Global Valuation Map This chart shows global valuation estimates across various countries, and suggests that the U.S. stock market is overvalued by +4%. Image: Morningstar Research