CAP Updates
I’m sure most of you saw this but my podcast is finally live! You can subscribe on iTunes here, and all of the episodes and shownotes can be found here.
Quarterly CAPE Ratio Updates! We added a new column which is local real drawdowns.
No surprise but the cheap stuff is also down the most.
Median CAPE Ratio:
25% most expensive: 22 (U.S. in this bucket)
25% cheapest 10!
MSCI Investable Market Indices
| CAPE | CAPD | CAPCF | CAPB | Average Rank | Dev or Emerging | Real Drawdown % | |
| Russia | 4.9 | 26.7 | 3.2 | 0.7 | 5 | E | -78.47 |
| Czech Republic | 8.7 | 11.6 | 4.1 | 1.2 | 5 | E | -45.45 |
| Portugal | 10.1 | 14.8 | 3.5 | 1 | 5 | D | -62.51 |
| Poland | 8.6 | 18.1 | 4.1 | 1.1 | 5 | E | -50.51 |
| Italy | 10.3 | 17.2 | 3.6 | 0.8 | 6 | D | -55.55 |
| Brazil | 8.5 | 18.2 | 5.4 | 1.1 | 7 | E | -50.42 |
| Spain | 10 | 15.6 | 4.9 | 1.2 | 7 | D | -35.52 |
| Egypt | 9.2 | 18.4 | 5.4 | 1.2 | 9 | E | -68.17 |
| Austria | 11.4 | 29.3 | 4.7 | 0.8 | 11 | D | -58.63 |
| Greece | 191.6 | 3.6 | 0.9 | 0.2 | 12 | E | -97.49 |
| Norway | 11.3 | 25.9 | 5.8 | 1.5 | 14 | D | -21.67 |
| Singapore | 11.4 | 25.1 | 8.8 | 1.3 | 15 | D | -24.34 |
| Turkey | 9.7 | 32.8 | 7.1 | 1.4 | 15 | E | -49.98 |
| Hungary | 9.9 | 38.7 | 4.9 | 1.3 | 15 | E | -42.9 |
| China | 11.1 | 34.2 | 7.4 | 1.5 | 17 | E | -43.96 |
| U.K. | 12.8 | 27.5 | 8.2 | 1.9 | 19 | D | -5.92 |
| France | 15.5 | 30.2 | 8.1 | 1.5 | 20 | D | -16.48 |
| Chile | 14.4 | 32.5 | 8.4 | 1.5 | 20 | E | -39.29 |
| Korea | 12.6 | 72.6 | 7 | 1.3 | 21 | D | -14.5 |
| Hong Kong | 14.2 | 33 | 10.8 | 1.3 | 21 | D | -20.51 |
| Australia | 15.4 | 21.1 | 10.6 | 1.9 | 21 | D | -13.06 |
| Colombia | 15.3 | 28 | 11.2 | 1.3 | 21 | E | -36.82 |
| Finland | 16.2 | 25.1 | 9.2 | 2 | 23 | D | -57.17 |
| Taiwan | 18.1 | 28.3 | 8.8 | 1.8 | 23 | E | -25.44 |
| Germany | 16 | 36.8 | 8.1 | 1.8 | 23 | D | -20.78 |
| Israel | 14.9 | 36.1 | 10.3 | 1.8 | 24 | D | -17 |
| Malaysia | 16 | 35.6 | 10.8 | 1.9 | 26 | E | -11.28 |
| Japan | 20.7 | 58.4 | 8.2 | 1.3 | 27 | D | -24.23 |
| Peru | 12.9 | 33.1 | 11.3 | 2.7 | 27 | E | -41.06 |
| Thailand | 16.1 | 36.5 | 10.2 | 2.2 | 28 | E | -28.84 |
| New Zealand | 20.9 | 26.3 | 10.9 | 2.3 | 29 | D | -1.76 |
| Canada | 18.5 | 37.6 | 9.7 | 2 | 29 | D | -9.78 |
| Netherlands | 17.8 | 39.1 | 11.1 | 2 | 31 | D | -13.05 |
| Sweden | 18.1 | 37 | 13 | 2.5 | 33 | D | -16.15 |
| Belgium | 20.7 | 38.1 | 12.3 | 2.1 | 34 | D | -8.26 |
| Indonesia | 18.4 | 45.5 | 12.1 | 3.2 | 36 | E | -19.16 |
| Ireland | 24.7 | 46.6 | 12.8 | 1.9 | 36 | D | -42.02 |
| South Africa | 18.9 | 38.9 | 13.2 | 2.9 | 37 | E | -10.54 |
| Switzerland | 20.6 | 40.5 | 15.6 | 2.7 | 38 | D | -11.08 |
| India | 18.5 | 81.1 | 12.9 | 2.9 | 38 | E | -35.93 |
| Mexico | 21.9 | 68.1 | 11.5 | 3 | 39 | E | -5.11 |
| U.S. | 24.7 | 67.5 | 14.5 | 3.2 | 41 | D | -2.71 |
| Philippines | 23.4 | 66.5 | 15.1 | 3.3 | 41 | E | -30.36 |
| Denmark | 36.6 | 110.7 | 22.3 | 4.4 | 44 | D | -6.18 |
SECTORS
| S&P 500 | Current P/E |
| Discretionary | 36.9 |
| Energy | 12.5 |
| Financials | 16.6 |
| Health Care | 28.6 |
| Industrials | 22.2 |
| IT | 27.2 |
| Materials | 24 |
| Staples | 25.2 |
| Telecom | 27.1 |
| Utilities | 21.6 |
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