115 days ago • Posted by Martin Boujol
US trailing P/E is near dot-com highs
This is a similar peak to the one markets witnessed in 1999. The average P/E multiple stands at 25.5x, and popular indexes like the S&P 500 and the Nasdaq are reaching the 40x P/E multiple. Is a new peak in US equity valuation brewing for 2021?
Source: BofA US Equity Strategy, FactSet, Bloomberg