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!

Here it is in Excel too.

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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