A considerably more encompassing #valuation tool, and the metric currently making history, is the S&P 500's Shiller P/E ratio, also referred to as the cyclically adjusted P/E ratio or #CAPERatio. The #Shiller P/E accounts for average inflation-adjusted EPS from the previous 10 years, which smooths out the impact of shock events and allows for apples-to-apples valuation comparisons looking back more than 150 years.
https://finance.yahoo.com/news/stock-market-doing-something-witnessed-100600029.html
#Invsting
#Premarket