European Capital Partners - Catch-Up Discover this fund | European Capital Partners
Asset management and fund structuring boutique


Jan 19, 2023

We want to make the point again that the valuation opportunities in equities currently lie outside of the US. While we showed Price/Earnings and cyclically adjusted Price/Earnings in the past to demonstrate this, today we show Price/Book. On this measure, Rest-of-the-World equities ( including mainly Europe and Japan ) are at their biggest discount to US peers since the dotcom crisis. European stocks strongly rebounded y-t-d as the energy crisis eased, we tend to believe however this is just the early phase of the catch-up.

Return to overview