Looking Back to 1880, Stocks Are Pricey. How They Keep Climbing.

Yahoo Finance Published Updated Stocks
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Affected assets and topics

S&P EARNINGS

Why it matters

The S&P 500's current Shiller CAPE ratio is at 40 times, indicating that stocks may be overvalued compared to historical averages, with the metric suggesting a more sustainable assessment of earnings power than the traditional price-to-earnings ratio.

Expected market reaction

Bearish Confidence 70% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on bearish sentiment with 70% confidence.

Evidence trail

Evidence
Source Yahoo Finance
Claim Looking Back to 1880, Stocks Are Pricey. How They Keep Climbing.
AI inference Bearish · 70%
Generated 2026-01-16 18:57

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
33720

Original source

The Shiller cyclically adjusted price-to-earnings (CAPE) ratio is a valuation measure that divides a stock’s current price by the average of the last 10 years’ inflation-adjusted earnings. This tactic is a better way to assess sustainable earnings power than the typical price-to-earnings ratio, since that only takes one year into account, he wrote in a Friday note. The S&P 500’s current Shiller CAPE ratio is at roughly 40 times.

Read the full article on Yahoo Finance

Original article published by Yahoo Finance on January 16, 2026. Analysis and insights provided by AnalystMarkets AI.

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