Japan has long been one of the value investors’ markets of choice. The country’s long-term bear market, stagnating economy and number of cash rich companies has created a wealth of deep value opportunities. But over the past two-and-a-half decades, the performance of a deep value strategy in Japan’s equity markets has deteriorated. The white paper Performance of Value Investing Strategies in Japan’s Stock Market examined the performance of equal-weight and market capitalization weighted quintile portfolios of five price ratios; price-to-book value, dividend yield, earning-to-price, cash flow-to-price, and leverage-to-price–excluding the smallest 33% of stocks by market capitalization over a period of…
Abe’s Third Arrow Will Work In Favor Of Japan’s Value Investors
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk