Sentences with phrase «measure of valuation»

This is the best measure of valuation that I have found so far.

This does not, for even a moment, change the fact that the most reliable measures of valuation are now an average of 3.0 times their historical norms.

In his mind, multiple measures of valuation have been hovering in a danger zone for far too long.

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation.

The problem is that we often see investors dismissing various measures of valuation, or proposing alternative measures, without any examination of the logic or historical validity of those measures whatsoever.

Current, objective measures of valuation are already enough to support that conclusion.

By introducing a suitable measure of valuation, we can narrow down the range of likely outcomes.

That is what six well - known measures of valuation show.

Although very few people can make such distinctions in the short - term, there are many measures of valuations that work well in the intermediate - term.

OAS is a common measure of valuation for corporate bonds.

Based on Professor Robert Shiller's measure of valuation P / E10, today's valuations are almost identical to those just before the Great Depression and higher than those of the worst time financially for starting retirement, the late 1960s.

The most common measure of valuation is the forward price - to - earnings multiple, which compares a stock's price to the earnings analysts expect over the next year.

Professor Robert Shiller's P / E10 is an excellent measure of valuation for this purpose.

Since traditional measures of valuation are broadly overvalued, analysts who are recommending additional equity exposure tend to use P / E ratios based on future estimates for operating earnings.

[I have found Professor Robert Shiller's P / E10 to be the best single measure of valuation so far.

I have found Professor Robert Shiller's P / E10 to be the best single measure of valuation so far.

Satisfactory measures of valuation include P / E10, P / D10 and Tobin's q. NOTE: You can use the Stock Return Predictor to convert P / E10 into current S&P 500 prices.

Satisfactory measures of valuation include P / E10, P / D10 and Tobin's q.

By one closely watched measure of valuation, Alan Greenspan's irrational exuberance warning should be keeping investors near the sell button.

Although Wall Street continues to assert that valuations are «reasonable given the level of interest rates,» keep in mind that the most reliable measures of valuation imply negative 10 - 12 year total returns for the S&P 500.

In my view, the necessary objective is to accept market risk when the likely return / risk profile is attractive, based on observable measures of valuation and market action, and to avoid, hedge, or diversify away those risks that don't carry attractive return / risk profiles on average.

Stock Strategies The Importance of Book Value Why the price - to - book ratio is the most effective measure of valuation.

Nobel Laureate James Tobin's q ratio is one such measure of valuation.

It has been our most successful measure of valuations for calculating Safe Withdrawal Rates so far.

When you bring measures of valuation into the model, you find that the true 30 - year Safe Withdrawal Rate has varied between 2 % and 9 % +.

The manager's response is unambiguous: «As the rise in small cap prices accelerates and measures of valuation approach or exceed past bubble peaks, we believe it is now fair to characterize the current small cap market as a bubble.»

4) Because SWR Research focuses on cause - and - effect, we know why P / E10 is an excellent measure of valuation.

If you are to make really big money in the stock market, resign yourself to the fact that just about everything you buy, if you are buying stocks correctly, will seem too high priced by just about any traditional measure of valuation.

One simple measure of valuation is the ratio of gold prices divided by the Philadelphia Gold and Silver Index (the XAU).

Book value is considered a better measure of valuation than earnings by many investors including legendary investor Martin Whitman.

Price to Book has been the most common measure of valuation.

Second, our own admitted difficulty in the advancing period since 2009 did not reflect a shortfall in either our measures of valuation or our measures of market internals.

As Graham and Dodd wrote in Security Analysis (1934), referring to the final advance that led to the 1929 market peak, the reason investors shifted their attention away from historically - reliable measures of valuation was «first, that the records of the past were proving an undependable guide to investment; and, second, that the rewards offered by the future had become irresistibly alluring.»

Nearly every measure of valuation, trend analysis, sentiment and economic performance is discussed.

For instance, across our nine measures of valuation (none of which include bonds) the US appears to be 54 % overvalued.

The measures of valuation and market action that define each «Market Climate» are factors that can be tested in decades of historical data, are objective, observable, and have strongly affected the average profile of return and risk in the markets over time.

The most reliable measures of valuation we identify are now between 2.6 and 3.0 times their pre-bubble historical norms.

3) SWR Research showed us that P / E10 is an excellent measure of valuation.

The relative dividend yield is a measure of valuation.

His measure of valuation P / E10, which is the best that I have found so far, is still at 1929 levels, around 27.

There are several good choices for the measure of valuation.

[The percentage earnings yield is 100E10 / P or 100 % / [P / E10], where P / E10 is Professor Robert Shiller's measure of valuation.

Dividend yield defines one measure of valuation.

I used Professor Robert Shiller's P / E10 as the measure of valuation.