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发帖数: 2138 | | j*****5
发帖数: 5135 | | m*********a
发帖数: 3299 | 3 Goldman Says Market Expensive, Earth Shakes, Dow Drops 100 Point | m*********a
发帖数: 3299 | 4 GS said(your money your call):
The current valuation of the S&P 500 is lofty by almost any measure, both
for the aggregate market as well as the median stock: (1) The P/E ratio; (2)
the current P/E expansion cycle; (3) EV/Sales; (4) EV/EBITDA; (5) Free Cash
Flow yield; (6) Price/Book as well as the ROE and P/B relationship; and
compared with the levels of (6) inflation; (7) nominal 10-year Treasury
yields; and (8) real interest rates. Furthermore, the cyclically-adjusted P/
E ratio suggests the S&P 500 is currently 30% overvalued in terms of (9)
Operating EPS and (10) about 45% overvalued using As Reported earnings. |
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