Businessman trading online stock market on teblet screen, digital investment concept
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The trailing (PEBV) ratio for the NC 2000 rose from 1.2 as of 6/30/22 to 1.4 as of 8/12/22. The NC 2000 consists of the largest 2000 U.S. companies by market cap in my firm’s coverage. Constituents are updated on an end-of-quarter basis. I exclude companies that report under IFRS and non-U.S. ADR companies.
This report is an abridged version of All Cap Index & Sectors: Price to Economic Book Value Rose Through 8/12/22, one of my quarterly reports on fundamental market and sector trends. I calculate these metrics based on S&P Global’s (SPGI) methodology, which sums individual NC 2000 constituent values for market cap and economic book value before using them to calculate the metrics. I call this the “Aggregate” methodology.
Based on latest available audited financial data, which is the 2Q22 10-Q in most cases. Price data is as of…
