Academy Menu
Market conditions
Wealth Roadmap
Cost Minimisation
Tax Minimisation
Asset Categories
Structuring Strategy
Investment Strategies
SM Guides

Market Valuation Indicators

Stock market valuations, P/E ratios, and market sentiment indicators

ASX 200 P/E

23.3000

Trailing P/E Ratio
+15% vs avg
S&P 500 P/E

27.5445

Trailing P/E Ratio
+23% vs avg
Shiller CAPE

32.1

Cyclically Adjusted PE
+91% vs avg
VIX Index

18.5

Volatility Index
Low volatility
S&P 500 Valuation Percentiles

Current market valuations relative to historical data across multiple metrics.

Valuation Metrics - Historical Percentile Ranking
Metric Current Value Percentile Assessment
EV/Sales 3.2x 98th Very Expensive
Shiller CAPE 32.1 97th Very Expensive
Price/Book 4.8x 96th Very Expensive
Price/Sales 2.9x 95th Very Expensive
TTM P/E 22.8 94th Very Expensive
EV/EBITDA 18.5 93rd Very Expensive
NTM P/E 20.1 89th Expensive
P/Free Cash Flow 28.4 85th Expensive
Market Valuation Warning

Current market valuations are in the 85th-98th percentile across most metrics, indicating historically expensive market conditions. This suggests lower expected returns over the next 7-10 years.

Market Sentiment
Fear & Greed Index
Current Level 75 (Greed)
VIX Volatility
Current VIX 18.5
Put/Call Ratio
Current Ratio 0.85
Interpretation: High greed levels and low volatility suggest complacency in the market, which historically precedes corrections.
International Comparisons
P/E Ratios by Market
  • US (S&P 500): 22.8 (Expensive)
  • Australia (ASX 200): 18.2 (Moderate)
  • Europe (STOXX 600): 15.8 (Reasonable)
  • Japan (Nikkei): 16.4 (Reasonable)
  • Emerging Markets: 12.3 (Cheap)
Currency Impact
  • AUD/USD: 0.658 (Weak)
  • EUR/USD: 1.085 (Stable)
  • USD/JPY: 149.2 (Strong USD)
Historical Valuation Analysis

Long-term valuation trends and expected returns based on current levels.

Valuation Percentile Chart

Interactive chart showing historical valuation percentiles

Expected Returns (10-Year)
  • Current CAPE (32.1): 2.1% annually
  • Historical Average (16.8): 6.8% annually
  • CAPE < 15: 10%+ annually
  • CAPE > 30: < 3% annually
Market Cycles
  • Current Phase: Late cycle
  • Last Peak: 2021-2022
  • Average Cycle: 7-10 years
  • Time Since Peak: 2-3 years
Risk Factors
  • High valuations
  • Rising interest rates
  • Geopolitical tensions
  • Market complacency
Economic Indicators
Overview Interest Rates Property Data Inflation Market Valuations Analysis Tools