Time for European Value Stocks
Sep 15, 2022
European Value Stocks are trading below 8 times forward earnings currently. This has happened only 3 times before over the last 2 decades and was signalling each time a substantial rebound in value stocks. With a lot of bad news currently in the stock prices of value companies, there are some positives that could start to move the needle: think competitive EUR for exporters, rising interest rates for financials, high commodity prices and chronic underweight of the asset class by foreign investors. Time for the long term investors to position themselves again.