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ATTENTION Investors and Finance Professionals: If you are reading this you should sign up for ValuEngine's award-winning stock valuation and forecast service at the low price of $19.95/month! NO OBLIGATION, 30 Day FREE TRIAL!
VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks now make up 65% of our universe and almost 28% of the universe is calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued.
more categories, we issue a valuation warning. As of Friday's close, we now calculate that 65.16% of stocks are overvalued and 27.42% of stocks are overvalued by 20% or more. Subscribers Get FULL ACCESS to our Market and Sector Overviews The chart below tracks the valuation metrics from January 2012 until today.
This chart shows overall universe valuation vs the S&P 500 from June 2012 to the present.
In addition to the overall valuation metrics, we see that on a sector basis 15 of 16 sectors are calculated to be overvalued. In the past, our Chief Market Strategist Richard Suttmeier has used the sector valuation figures to buttress his macro market calls. This is another indicator that stocks are no longer the bargain they were a few months ago and that investors should consider implementing additional risk management tools and/or booking some profits.
Market Overview
Summary of VE Stock Universe
Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 34.52% 65.48% 14.22% 27.97%
Sector Overview
Sector
Aerospace Auto-Tires-Trucks Basic Materials Business Services Computer and Technology Construction Consumer Discretionary Consumer Staples Finance Industrial Products Medical Multi-Sector Conglomerates Oils-Energy Retail-Wholesale Transportation Utilities
Change
2.37% 1.46% 0.69% 1.13% 0.59% 0.78% 0.40% 0.29% 0.37% 1.15% 0.45% 0.03% 0.75% 0.59% 0.85% 0.60%
MTD
3.07% 2.33% 3.33% 3.31% 2.09% 2.64% 3.23% 3.58% 2.33% 3.35% 2.77% 0.91% 1.78% 2.67% 2.87% 2.09%
YTD
9.31% 8.18% 5.29% 11.03% 10.58% 11.28% 11.98% 8.83% 11.29% 12.19% 11.12% 5.02% 8.52% 13.30% 17.09% 6.37%
Valuation
9.60% overvalued 16.19% overvalued 4.01% undervalued 16.04% overvalued 16.92% overvalued 23.68% overvalued 13.37% overvalued 23.50% overvalued 18.56% overvalued 17.05% overvalued 10.38% overvalued 10.37% overvalued 6.19% overvalued 16.93% overvalued 20.50% overvalued 11.70% overvalued
Last 12MReturn
5.26% 5.46% -28.51% 10.93% 2.06% 25.44% 8.16% 9.42% 13.80% 6.74% 9.69% 13.42% -13.68% 14.52% 4.71% 2.59%
P/E Ratio
14.14 16.15 18.97 21.58 26.12 25.89 22.99 19.22 17.58 18.82 23.9 15.64 24.17 19.94 20.31 17.76