Are these really bubble valuations?

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Inside The P/E Multiple – Are Stocks Really In A Bubble?

 

Years ago (in 1990 at Salomon Brothers) we first published a research piece entitled ‘Inside The P/E Multiple’. The methodology proved controversial. It was submitted to the Financial Analysts Journal (FAJ), which quickly rejected the paper and its conclusion that equities were then undervalued with the damming comment ‘fanciful’. Many may still disagree with the concept of macro-valuation shifts, but we think the analysis is worth re-visiting, largely because it can help explain today’s markets.

 

 

See our latest published research, Global View - Inside The P/E Multiple – Are Stocks Really In A Bubble? – January 2021

 

For further information, or to change user options, please contact us at crossbordercapital@liquidity.com 

 

    
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Registered in England. Company Number 2687676. 

 

 

 

 

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