ETF Investors Love North America, Europe Not so Much
November 11, 2014 at 06:00 AM EST
The SPDR S&P 500 Trust (SPY) trades at a P/E (trailing 12 months) of 18.64 and a P/B of 2.7. The average P/E ratio since the 1870’s is roughly 15, while the current P/B is higher than 82% of the bull market tops since the mid-1920s. Although several may try to describe the U.S. stock […]
