This report analyzes market cap, economic book value, and price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.
I analyze other fundamental and valuation metrics for the S&P 500 and its sectors in these reports:
These reports leverage cutting-edge technology to provide clients with a cleaner and more comprehensive view of every measure of profits. Investors armed with my firm’s research enjoy a differentiated and more informed view of the fundamentals and valuations of companies and sectors.
S&P 500 PEBV Ratio Jumps to Highest Level Since September 2018
The PEBV ratio for the S&P 500 rose from 1.1 at the end of 2019 to 1.7 through 2Q20, or its highest level since mid-2018, and one of the highest levels since 2004. See Figure 1. This ratio measures the level of expectations for future profits compared to