While we prefer to compare market capitalization with corporate gross value added, including estimated foreign revenues, the following chart provides a longer historical perspective of where reliable valuation measures stand at present. (hussmanfunds.com)
Another advantage of holding utilities is that they have the lowest foreign revenue exposure. (topforeignstocks.com)
Conversely, a portfolio focused on companies with foreign revenues would be exposed to foreign currency movements as the companies translate foreign currency revenues back to USD. (indexologyblog.com)