Using the 1YR or 10YR P/E ratio as a measure of value, stocks...

  1. 516 Posts.
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    Using the 1YR or 10YR P/E ratio as a measure of value, stocks have not been 'cheap' since ~1980.

    Funnily, when ratios did briefly drop below the mean, to 'fair' value in 2009, they called it a 'crisis'.

    Not even close. People have become so accustomed to 'expensive' that anything else feels wrong.

    https://hotcopper.com.au/data/attachments/7135/7135938-ad83e22499760dd05e3af069c64a3070.jpg
    https://hotcopper.com.au/data/attachments/7135/7135934-1fe1f713460ebe7adee026857288d0d2.jpg

 
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