Market Barometer- April,2024
If an index’s current P/E is higher than its median P/E, the index might be dangerously overvalued.
If an index’s current P/B is more than its median P/B, then it might be overvalued.
If an index’s current dividend yield is less than its median dividend yield, then the index might be overvalued.
If the market cap of all listed companies is higher than GDP, then the index maybe be overvalued.
If the difference between the 10-year government bond yield & the index's earnings yield is more than the median value, the index might be overvalued.