Plain-English explainers on valuation metrics and how to interpret them.
Where global stock-market valuations stand in August 2026: the cheapest and most expensive major markets ranked by an overall value score blending CAPE, P/E, P/B, P/S and dividend yield. China screens cheapest; the United States the most expensive.
Where global stock-market valuations stand in July 2026: the cheapest and most expensive major markets ranked by an overall value score blending CAPE, P/E, P/B, P/S and dividend yield. China screens cheapest; the United States the most expensive.
Yes — on P/E, price-to-book and CAPE, China is the cheapest major stock market in 2026. Here's how cheap, why it trades at such a discount, and the risks behind it.
By nearly every long-run gauge the S&P 500 is historically expensive. Here's where it sits versus its own history, why, and what that has meant for returns.
A data-driven answer — what 'overvalued' really means, the gauges that measure it, where markets stand now, and what high valuations have meant for future returns.
Yes — by P/E, dividend yield and CAPE the UK trades well below the US and below its own recent history. Here's why it's cheap, and what that has meant for returns.
There's no single 'good' CAPE ratio — it depends on the market and the era. Here are the rough guideposts, why they shift, and the better way to judge any reading.
Where global stock-market valuations stand in June 2026: the cheapest and most expensive major markets ranked by an overall value score blending CAPE, P/E, P/B, P/S and dividend yield. China screens cheapest; the United States the most expensive.
Why the US, UK and global CAPE ratios can sit at very different levels — and what that divergence does and does not tell investors.
A percentile rank turns a raw valuation number into context. Here is how to interpret where today's reading sits within decades of history.
The Cyclically Adjusted Price-to-Earnings ratio, explained simply: how it works, why it smooths earnings over ten years, and what it can and cannot tell you.