JPMorgan’s Guide to the Market breaks down what’s cheap and what’s expensive now that we’re well into 2015
US equities are down slightly since the beginning of the year, and according to JPMorgan’s first quarter Guide to the Markets that came out this week stocks are fully valued compared to historical averages but not exactly high by most measures.
Large-cap blend stocks cheapest valuations versus history
If you compare PE multiple to the 20-year average, large-cap blend stocks (ie a mix of value and growth) are fairly valued at 16.3x compared to an average 16.1x while large value stocks have the lowest PE multiple at 15.9x. Mid-cap value stocks are the most expensive relative to history, 17.1x versus 14.3x, but small-cap Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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