CAP Updates

Quarterly CAPE Ratio Updates!

As a reminder, we transitioned to using the MSCI IMI Indexes this year as we believe it is most accurate for the smaller countries. It doesn’t really change the conclusions at all for the countries but it does change the numbers a bit for a few of the smaller ones. But the cheap names remain cheap(er)…

Average CAPE Ratio: 15.325% most expensive: 22.4 (U.S. in this bucket)25% cheapest 9.4!