Fundamental Factor Indicators:  2/26/2024

Below is a summary of key external factors that have been known to drive stock prices on a long-term basis.

Additional Valuation Metrics:

  • GAAP P/E Ratio (Monthly Data) as of 12/31/23: 24.61 (last month: 24.79 two months ago: 22.12, three months ago: 22.91, four months ago: 24.8, five months ago: 25.73, six months ago: 24.72)
      • 25-year Average: 26.5
      • 50-year Average: 20.5
      Average from 3/31/1926: 17.7
  • NDR Valuation Model (Monthly Data) as of 12/31/23:
      • Overvalued Level (+1 standard deviation from median): 4264 (-10.6%)
      • Fair value Level (50 year median): 3224 (-32.4%)
      Undervalued Level (-1 standard deviation from median): 2180 (-54.3%)