Mr&强 Analyzes Changes in Nasdaq Valuation

According to Twitter user Mr&强, after the interest rate hike, the latest TTM price-to-earnings ratio of the Nasdaq 100 is 28.38 times, with a valuation percentile of only 3.7% over the past year. This means that for more than 96% of the time in the past year, the Nasdaq's valuation has been above the current level. At the end of August, the price-to-earnings ratio was 30.31 times, which was at a historical percentile of 64.93% since 2011. In less than a month, the valuation has dropped from a high level to a near one-year low. Although a low valuation does not mean that the market will immediately rise, the same amount of capital can now buy more profit-generating assets.

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