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Valuation Check Up

Valuation Check Up

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Published by ValuEngine.com
Recent market declines have seen a slight pull back in our overvaluation levels. Is the market running out of steam? We take a look at our Valuation Model calculations and discuss recent market history.
Recent market declines have seen a slight pull back in our overvaluation levels. Is the market running out of steam? We take a look at our Valuation Model calculations and discuss recent market history.

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Categories:Types, Business/Law
Published by: ValuEngine.com on Dec 05, 2013
Copyright:Attribution Non-commercial

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07/14/2014

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December 5, 2013
Click HERE to Download a FREE Sample of the ValuEngine View Newsletter VALA!"#N $A!CH% #ur models find that o&er&aluation is at le&els t'picall' seen when market pull(acks occur) #&er&alued stocks assigned a &aluation now make up almost *+, of our uni&erse and -., of the stocks assigned a &aluation are calculated to (e o&er&alued (' /0, or more) 1- of 12 sectors are calculated to (e o&er&alued331- of them (' dou(le digits)
Pressure Relief?
33Valuations 4ull 5ack65arel'
The ValuEngine Valuation Model tracks more than 8000 US equities, ADRs, and foreign stock hich trade on US e!changes" #hen E$S estimates are a%aila&le for a gi%en equit', our model calculates a le%el of mis(ricing or %aluation (ercentage for that equit' &ased on earnings estimates and hat the stock should &e orth if the market ere totall' rational and efficient))an academic e!ercise to &e sure, &ut one hich allos for useful com(arisons &eteen equities, sectors, and industries" Using our Valuation Model, e can currentl' assign a VE %aluation calculation to more than *+00 stocks"#e com&ine all of the equities ith a %aluation calculation to track market %aluation figures and use them as a metric for making calls a&out the o%erall state of the market" To factors can loer these figures)) a market (ull&ack, or a significant
 
rise in E$S estimates" #hene%er e see o%er%aluation le%els in e!cess of  +-. for the o%erall uni%erse and/or 1. for the o%er%alued &' 0. or more categories, e issue a %aluation arning" #e issued our latest %aluation arning on Ma' 8th" At that time, the S2$ as at 3+-" As of 'esterda'4s close, e no calculate that 85. of stocks are o%er%alued and -. stocks are o%er%alued &' 0. or more" These are 6ust &elo the high of 8+"-. from a fe da's ago" 7ifteen of si!teen sectors are no calculated to &e o%er%alued))3- of them &' dou&le)digit margins" Since our last u(date asic Materials has sli((ed &ack into under%alued territor'))al&eit 6ust &arel'" 9ere is our latest data: The chart &elo tracks the %aluation metrics from ;anuar' 03*"
 
This chart shos o%erall uni%erse under and o%er %aluation in e!cess of -0. %s the S2$ -00 from ;une 03This chart shos o%erall uni%erse under and o%er %aluation in e!cess of -0. %s the S2$ -00 from March 001

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