World Equity Index Valuations Tables
Here is the monthly list of 99 global indices ranked in descending order by dividend yield , then in ascending order by P/E, Price / Book and Price / Cash Flow
Small cap shares have returned to positions of outperformance in a number of markets but the UK's AIM Index is notable in this month's report. The Index has an historic P/E of 3 which can probably be expected to rise and it yields 1.22%. The Index has been ranging with a mild upward bias since June 2012 and broke out to new 12-month highs this week. While somewhat overextended in the short-term a sustained move below 725 would be required to question medium-term potential for additional higher to lateral ranging.
(Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove those indices which were most problematic. We continue to publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)