Sentences with phrase «average equity valuations»

So the question naturally becomes, should «fair» or average equity valuations in a 1 1/2 -2 % GDP growth world be the same as what has considered fair valuation for equities in a 3 1/2 -4 % GDP growth world of the last 60 years?

Not exact matches

During that earlier period, American business earned an average of 11 percent or so on equity capital employed and stocks, in aggregate, sold at valuations far above that equity capital (book value), averaging over 150 cents on the dollar.

As a result, we do not see equity valuation metrics falling back to historical averages.

Equity markets have appreciated sharply in recent years, and valuations, based on price - to - earnings ratios, in developed markets were not cheap relative to their historical averages as of late 2017.

Event - driven and long short equity managers, for instance, have overall seen rosier average gains over the past 12 — 18 months on the back of investors» growing focus on company - specific events, earnings growth, balance sheets and valuations of individual securities across different sectors and regions.

But stock performance has actually outpaced gains in earnings, and as a result, US equity valuations appear stretched as we begin 2018 — for example, the S&P 500's price - earnings ratio is well above longer - term historical averages.

The averages above do hide a significant amount of variation in returns, and the direction of equity valuations at any given point in time also matters.

European equities continue to trade below their historical average valuation versus the United States, which we believe to be fully valued.

Real estate, venture capital and private equity are also likely reaching above average valuation levels.

But with long - term bonds and non-cyclical equity sectors trading at historically extreme valuations while cyclical sectors trade at valuations below their long - term average, we think that risk aversion is creating numerous investment opportunities for investors willing to build a portfolio of more economically sensitive companies.

«The Shanghai Composite in aggregate is now trading back well below average global equity valuations at the headline index level,» says Jonathan Garner, Morgan Stanley's Chief Asia and Emerging Market Equity Stratequity valuations at the headline index level,» says Jonathan Garner, Morgan Stanley's Chief Asia and Emerging Market Equity StratEquity Strategist.

JPMorgan points out that US equities are 2 standard deviations rich to their average valuation and are in fact the most expensive in the developed world...

Full valuations — Canadian and U.S. equity markets are trading at above - average valuations, while strong performance has also lifted overseas valuations.

European equities are not that cheap anymore by a number of valuation metrics; they are trading at an average of about 17 times earnings, which is not a wide undervaluation.1 In my view, the main reason to invest in European equities is the potential for, or the expectation of, a rise in corporate earnings that would be driven by the improving economic environment.

The rout that erased $ 2.9 trillion from U.S. equities has pushed valuations in the Standard & Poor's 500 Index 25 percent below the average level from the last nine recessions, even as profit estimates fall.

Long - Short Equity, or LSE, takes the EMN strategy (though they're not exact clones if we're to judge by their holdings and position sizes) and overlays a tactical equity strategy that targets an average 50 % exposure to the MSCI World Index, with the ability to adjust its exposure by + / - 20 % based largely on valuation and momEquity, or LSE, takes the EMN strategy (though they're not exact clones if we're to judge by their holdings and position sizes) and overlays a tactical equity strategy that targets an average 50 % exposure to the MSCI World Index, with the ability to adjust its exposure by + / - 20 % based largely on valuation and momequity strategy that targets an average 50 % exposure to the MSCI World Index, with the ability to adjust its exposure by + / - 20 % based largely on valuation and momentum.

European equities continue to trade below their historical average valuation versus the United States, which we believe to be fully valued.

This would be the average equity target for my portfolio when market valuations are average (or fair value).

Individual issues in the Fund typically sell at reasonable valuation levels and are supported by above - average corporate profitability, accelerating earnings growth and low debt / equity ratios.

Brian Peery: Looking at U.S. equities, many valuation metrics are, on average, currently above historical norms.

Butler Philbrick Gordillo and Associates» argue in Valuation Based Equity Market Forecasts — Q1 2013 Update that «there is substantial value in applying simple statistical models to discover average estimates of what the future may hold over meaningful investment horizons (10 + years), while acknowledging the wide range of possibilities that exist around these averages.»

Looking at listed companies in the US now, following the rise in equity valuations and borrowing for buybacks, it would be hard to characterize the average stock as undervalued, or cash rich.

Also given the low growth, low inflation and low interest rate environment and the somewhat above average valuation numbers, one has to expect lower nominal returns from equities as compared to the past.

I find that if I haircut my (relatively debt - free) equity valuation by the value of excess debt, on average it tends to capture an appropriate value for the company.

Valuations have come down somewhat with the losses of recent weeks, but even given the volatility, equities are still relatively highly valued compared with historic averages.»

Audited the quarterly private equity investment valuations prepared by investment professionals, on average, audited thirty valuations every quarter.

A giant national number like that may make your eyes glaze over and be difficult to relate to personally, but calculations from analytics and valuation technology firm CoreLogic bring it down to earth: Owners on average had a $ 12,500 gain in equity during that period.