The Market's Cheaper Than It Was A Year Ago

by: GroovyStocks

Although it may not be cheap by long-term historical standards, the market does appear cheaper than it was a year ago. Here are some ratios for the S&P 500 index that compare last Friday’s close to the comparable year ago close:

* P/E ratio is down to 20.90 from 23.34, a decrease of 10.5%

* Market to Book is down to 3.55 from 3.76, a decrease of 5.6%

* Earnings yield is up to 4.78% from 4.28%, an increase of 11.7%

* Dividend yield is up to 1.60% from 1.48%, an increase of 8.1%