Despite Higher Growth, Most International P/E Ratios Still Lower Than U.S.

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Includes: IVV, QQQ, SPY
by: Bespoke Investment Group

Hickey and Walters (Bespoke) submit: Even though the US equity market has underperformed its global peers over the last several quarters, valuations in most major foreign countries are still cheaper than the S&P 500 and Nasdaq. In fact, the only global equity market with a higher valuation than the Nasdaq is the Nikkei, and in Japan stocks have little competition as interest rates are near zero.


major market P/E ratios