Market Valuation Charts
How expensive is the market? Buffett indicator, Shiller PE, dividend yield, and debt.
Valuation charts put today's market price in historical context. The Buffett indicator compares total market capitalization to the size of the economy, while the Shiller PE smooths earnings over a decade to gauge how much investors are paying for profits.
High readings do not predict a crash — valuations can stay stretched for years — but they describe the starting point from which long-run returns are earned. Pairing them with the dividend yield and debt-to-GDP rounds out the picture.