Jim Paulsen (@jimwpaulsen) 's Twitter Profile
Jim Paulsen

@jimwpaulsen

PhD economist by training. 40 years as a Chief Investment Strategist still following the economy & financial markets at paulsenperspectives.Substack.com

ID: 1761074515541409796

calendar_today23-02-2024 17:05:22

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After trending in the same range from 1870 to 1990, the average US PE multiple (red line) has drifted 40% higher since 1990 from 14 to 19.5. That means the current PE of 23.5 is only 16.7 (23.5/1.4) if adjusted for PE drift since 1990. Reasonable. PaulsenPerspectives.Substack.com

After trending in the same range from 1870 to 1990, the average US PE multiple (red line) has drifted 40% higher since 1990 from 14 to 19.5.  That means the current PE of 23.5 is only 16.7 (23.5/1.4) if adjusted for PE drift since 1990.  Reasonable.  PaulsenPerspectives.Substack.com