The Oberweis Report universe P/E, which measures valuations of small-cap companies growing faster than 30% per year, is presently 22, compared with 21.7 at the end of March.
Such a system would focus on standard valuation measures, such as price-to-earnings ratios for stocks and price-to-rent ratios for housing.
On the basis of standard valuation measures, American share prices look significantly overvalued, just as the euro now looks well below its fair value.
One standard way investors measure valuation is to use the Price/Earnings (P/E) ratio.
The yardstick method with two anchoring points - utility of use of work and leisure activity forgone in favor of exercise - can only measure valuations between these two points.
What matters, he said, are fundamental measures of valuation.
The ratings are based on on 'carefully selected, fact-based measures' including valuation, momentum and risk.
To assess the risks of a further slump, we track two measures of valuation.
Money managers who pay attention to the traditional measures of valuation post horrible results and see customers flee.
The comptroller, Howard S. Weitzman, said he found that the company had "relied on individual appraisers' undocumented professional judgment, rather than consistent and documented measures of valuation".
