Sentences with phrase «prior peak earnings»

Prior peak earnings were, indeed, an artifact of unrealistically high profit margins and return on equity, driven by large amounts of debt - financed leverage.

The favorable market performance associated with many historical economic expansions is fully accounted for by 1) favorable post-recession valuations, with the S&P 500 averaging less than 9 times prior peak earnings at the recession low, expanding to just over 11 times peak earnings in the first year of the bull market, and 2) favorable trend uniformity, which typically emerges almost immediately in the form of a powerful breadth thrust off of a bear market low, and is confirmed within a few weeks by much broader trend uniformity.

While it's true that the market established even deeper valuation troughs in 1974 and 1982 (near 7 times prior peak earnings, compared with the current multiple of about 11), it is important to remember that long - term Treasury yields were 8 % in 1974, and 14 % in 1982, compared with about 4 % at present.

Not exact matches

The US market is looking the most expensive to us at a time when US corporate earnings are already well past their prior peaks.

Eurozone forward earnings estimates are trading well below their prior peak, providing ample room for further recovery.

The most extreme readings prior to the current cycle occurred at the 1929, 1972 and 1987 peaks, all at 20 times record earnings.

The seven prior decades had only one month where the price to peak earnings rose above 20 - August of 1929.

Eurozone forward earnings estimates are trading well below their prior peak, providing ample room for further recovery.

It appears to be significantly undervalued based (mostly) on current metrics, and could potentially offer exponential upside based on its prior share price history and a possible return to peak revenues / earnings.

The seven prior decades had only one month where the price to peak earnings rose above 20 - August of 1929.

Earnings growth has been highly variable from year to year, but measured peak - to - peak or trough - to - trough, earnings have demonstrated remarkable long - term consistency at 5.7 % annual growth since 1950 (slightly slower prior tEarnings growth has been highly variable from year to year, but measured peak - to - peak or trough - to - trough, earnings have demonstrated remarkable long - term consistency at 5.7 % annual growth since 1950 (slightly slower prior tearnings have demonstrated remarkable long - term consistency at 5.7 % annual growth since 1950 (slightly slower prior to WWII).

It would be natural to have some kind of price appreciation as earnings accelerate, but since 2008 (or even the peak prior) the acceleration in price far exceeds the acceleration in earnings power.

Also, with fast improving sentiment & even some economic momentum, there's an opportunity to selectively look back & incorporate prior peak operating margins / earnings as a component of some valuations.

Ultimately, I still believe Saga Furs is a cyclical growth company — in due course, I'd hope to see auction sales double again (and earnings triple) to reach / surpass the prior peak we saw in FY - 2013 (& in FY - 2006 before that).