Updated Global CAPE Shows US Expensive, Greece Incredibly Cheap
Even before the Greek stock market started tanking this week (it’s down another 7.35% today), it was one of the cheapest markets on the planet by nearly every fundamental measure, according to StarCapital’s global stock valuations (/H/T Meb Faber) updated at the end of November. Hungary was slightly cheaper by price-to-sales, but Greece had a lower CAPE, PE, PB, and price-to-cash flow than any other . . .
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