Gavekal Capital: Percent of companies trading near their 5 year maximum valuation level continues to grow

Thursday, October 10, 2013

Percent of companies trading near their 5 year maximum valuation level continues to grow

A similar chart to one we posted last week that showed the percent of stocks trading above their 5 year average valuation, the one below shows the percent of stocks that are trading within 25% of their highest valuation level over the last 5 years. The chart indicates that valuations are getting stretched relative to the last few years.
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