Price/Cash Flow

Price/Cash Flow

  • Estimating the Downside

    Estimating The Downside - March 2014

    March 06, 2014 BY Michelle Garofalo and Jun Zhu

    BACK TO THE MEDIANS (1957 To Date): S&P 500 13% Downside

    The S&P 500 gained 4.3% (price only) in February. Based on the 1957-to-date valuation metrics presented below, the S&P 500 has 13% downside to its historical average. The S&P Industrials (which excludes Utilities and Financials) now has 26% downside to reach mean valuation.  

    continue reading

  • Stock Market

    Valuing The “Typical” Stock

    December 06, 2013 BY Doug Ramsey

    Current median valuations are almost identical to those seen at the bull market highs of March 2000 and October 2007.

    continue reading

  • Stock Market

    Comparing Common Stock Cash Flow Yields to Bond Yields: The Ratio

    November 01, 1988 BY Steve Leuthold

    Comparing cash flow yields with bond yields we find that stocks are not significantly overvalued compared to bonds. Stocks are not yet comparatively cheap, but they come out much better in this stock/bond comparison than in the dividend yield/bond yield comparisons or in the earnings yield/bond yield comparisons.

    continue reading

  • Stock Market

    Comparing Common Stock Cash Flow Yields to Bond Yields

    October 01, 1988 BY Steve Leuthold

    We thought last month might be the end of this bond/stock comparative series. However, a recent note from a client has prompted us to undertake an additional study comparing common stock cash flow yields with bond yields.

    continue reading

  • Equity Strategies

    Scanning The Markets

    February 07, 1988 BY The Leuthold Research Team

    The following table is a performance run down for our sectors, including experimental sectors like The Texas Sector. The Water Thesis, which was activated this month, was another experimental sector. All screen based Quantitative Themes are included, both active and experimental. The table contains a number of stock market averages for comparative purposes as well as bond sectors and gold. The whole list is ranked by January performance (excluding income) with three month and twelve month performance also included.

    continue reading

  • COTW

    Valuation "Gut Check"

    June 09, 2017 BY Doug Ramsey

    While our most reliable valuation work is based on the S&P 500 (and closely-related S&P Industrials Index), we monitor several other measures for substantiation and reinforcement.

    continue reading

Sign-in to your Account