CAP Values

Q1 archives updated, and below are all of the CAP values from Ned Davis, and a composite average across all of them.  Not surprising to see Europe still in the lead for cheap countries…As a reminder there will be some variation, largely due to index selection.  For example, NDR uses MSCI US instead of S&P500 which results in a lower CAPE for the US than the standard Shiller value of 28 currently.  You can always find updated numbers for CAPE at Star Capital and Research Affiliates…