Are the markets expensive
With Nifty rising by nearly 23% from the low registered in late August, the question on top of the mind is whether markets are way over-valued compared to historical values.
One way to measure valuation is by PE and here I have plotted the CNX Nifty PE since 2000 with Standard Deviations (1,2) on either side. As on date, we are still at average valuations suggesting that while markets are not expensive, they aren’t cheap either.
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