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Normalized P/E Ratio

Jun 07 2023

A Rear-View Peek At The Future

  • Jun 7, 2023

Question: Some tactical managers provide long-term forecasts for stock market total returns (7-10 years or longer). Do you publish such estimates?

Feb 07 2023

Valuations: What Bear Market?

  • Feb 7, 2023

If the October S&P 500 low holds, the normalized P/E ratio of 22.7x on that date will signify the priciest bear market bottom in history; in fact, it is exactly the same level reached as at the August-1987 bull market high. Since October, the normalized P/E multiple has grown to 25.5x—higher than all but three previous bull market peaks.