Overvalued US Market

As at 13th April 2017, the market PE according to Wall Street Journal as per below. And it is above the average PE value, which means the market is not cheap at the moment.

Source: http://www.wsj.com/mdc/public/page/2_3021-peyield.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If we further drills down to PE for each components of the indexes, about 3/4 of the components with PE above 15.

Indexes % of companies with PE above 15
DOW 76.67%
S&P 500 73.43%
Nasdaq 77.78%

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