Global Equities Up On Investor Confidence, Still Below Median

Global equities have been rerated this year, climbing from a recent low of 12x in 2011 to 16x now. While this is still under the long-term median of 17x, it’s another sign of investor confidence in the recovering global economy.

“Japan is highest rated on a trailing PE of 19x. Next most expensive on this crude measure is Australia on 18x, followed by the US on 17x and Europe ex-UK on 17x,” according to a report from Citi. Emerging markets and the UK have the lowest . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers