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Normalized

Mar 07 2014

Market Valuation Check

  • Mar 7, 2014

Stocks have long looked expensive on the basis of dividend yield, but now they look increasingly stretched on Forward EPS.

Nov 07 2013

Small Cap Premium Ticks Up To 16%

  • Nov 7, 2013

Small Caps are selling at a 16% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. Using estimated operating earnings, Small Caps are selling at a higher valuation premium of 23% (25% last month).

Nov 07 2013

Beyond P/E Ratios

  • Nov 7, 2013

Some of our alternative valuation measures find the market even pricier than P/E ratios do.

Oct 08 2013

Small/Mid/Large Caps - Small Cap Premium Slips To 14%

  • Oct 8, 2013

Small Caps are selling at a 14% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is down slightly from last month, and ranks in the 91st percentile of the 1983-to-date history of this measurement.

Oct 08 2013

Global Valuations Rising, But U.S. Still At A Premium

  • Oct 8, 2013

The large valuation discount on foreign shares has narrowed a bit, reflecting better relative action in foreign shares over the past 14 months and relatively weaker foreign fundamentals.

Sep 10 2013

Small Cap Premium Remains 15%

  • Sep 10, 2013

Small Caps are selling at a 15% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is the same as the past two months’ readings. Using estimated 2013 operating earnings, Small Caps are selling at a higher valuation premium of 23% (24% last month).

Aug 07 2013

Small Cap Premium Remains 15%

  • Aug 7, 2013

Small Caps are selling at a 15% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is the same as last month’s reading. Using estimated 2013 operating earnings, Small Caps are selling at a higher valuation premium of 24% (25% last month).