Posts filed under “Valuation”

The Most Expensive Real Estate Markets in the World

San Francisco should be in here, depending upon how its defined: The greater Bay Area is about $1,000 a square foot, but if you take the city proper, its on par with NY/London/Paris.

 

also


Source: Jackson Rowe

Category: Digital Media, Real Estate, Valuation

How Cheap Are the Gold Miners?

  “A gold mine is a hole in the ground with a liar standing on top of it.” – unverified quote attributed to Mark Twain   A few weeks ago, we discussed how gold can’t seem to catch a break. Despite a parade of potential market-roiling news, the reaction of the shiny yellow metal has been one of benign indifference. After Federal…Read More

Category: Data Analysis, Gold & Precious Metals, Valuation

S&P 500 Performance and Valuation

Source: JP Morgan

Category: Markets, Valuation

Long Term Drivers of Economic Growth & Profits

My favorite quarterly chart book is out. These few charts caught my eye:

 

click for much larger charts

 

 
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Category: Earnings, Economy, Markets, Valuation

Andreessen Horowitz: U.S. Technology Funding

What’s going on in the public markets? What are all these so-called “unicorns”? What’s going on in venture capital? “This time is different.” It is different. Because it’s always different… U.S. Technology Funding — What's Going On? from a16z

Category: Technology, Valuation, Venture Capital

The Sharing Economy

Bloomberg Briefs: Nowadays, it’s hard to find more exuberant sharing-economy enthusiasts than investors. Uber, the ride-hailing company, is raising $1.5 billion at a valuation of $50 billion — theoretically making the six-year-old business the equal of Target and Kraft Foods. Airbnb, for home sharing, is valued at $20 billion. Uber competitor Lyft is valued Uber…Read More

Category: Digital Media, Technology, Valuation, Venture Capital, Web/Tech

Are US Stocks Overvalued?

This is just such an information rich chart, even if you are not a CAPE fan:   click for ginormous graphic Source: Bloomberg  

Category: Investing, Markets, Valuation

Inflation vs. P/E Model (1965 to Present)

  Relative to this morning’s column, consider this discussion about inflation and valuation: From Savita Subramanian: Inflation: The level of inflation also matters, and historically has had a strong relationship with PE multiples. Chart 2 below indicates that the relationship may not be linear, but many have simplified this relationship to the “Rule of 21”…Read More

Category: Inflation, Investing, Valuation

Embedded Predictions and the Valuation Debate

      Traders returning to their desks after the long holiday weekend will be greeted by the continuing Greek saga, a guessing game about when the Federal Reserve will raise rates and a megamerger in the cable industry. But the debate I am much more interested in is the one taking place about U.S. stock valuations. It is…Read More

Category: Investing, Valuation

Stovall: Inflation/Rate Adjusted Stocks Don’t Look Expensive

  “When an inflation overlay is included, P/Es don’t look as expensive” -Sam Stovall   The U.S. equity strategist at S&P Capital IQ suggests that one must include low yields and low inflation rates when determining if stocks are expensive. The chart above shows average price-earnings ratios for the Standard & Poor’s 500 Index since…Read More

Category: Inflation, Valuation