3 Comments
Mar 6Liked by Callum Thomas

Great work. But I don't get how can you make a valuation gauge (PPT) from using non-valuation metrics?! You are using all price signals in there. But the whole point of asking what is the correct valuation is to challenge the price signal that one gets. Other than that, nice job.

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Very useful list of indicators. I like to use a combination of Mstsar FMV, EV/Gross Profits, (EV/GP)/Fwd gr rate, TTM PE, NTM PE. I look at these collectively and monitor trends across time. Eg. NVDA was “cheap” in late 2023…not anymore. Cheers, Callum.

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Great post. The charts show the market is richly priced. The question is whether this is a truly a 2000 or 2021 peak - or a 1995 or 2018 runway to remarkable earnings growth ahead.

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