It’s time for me, once again, to compile a list of stats for the market, using what I hope is a reliable data source. Here are the results:
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DATE --------------PBV------------- --------------PER---------------
P20 P40 P50 P60 P80 P20 P40 P50 P60 P80
14-Nov-2018 0.97 1.69 2.17 2.80 5.14 8.31 11.82 13.63 15.93 23.01
14-Nov-2017 1.11 2.04 2.63 3.52 6.55 9.07 13.87 15.91 18.32 25.50
14-Nov-2016 1.09 1.82 2.33 3.03 5.40 8.42 12.97 14.73 16.61 23.01
04-Nov-2015 1.16 1.92 2.54 3.12 5.30 10.30 13.83 15.62 17.40 23.09
08-Nov-2014 1.12 1.75 2.20 2.77 4.65 10.30 13.58 14.96 16.58 21.83
05-May-2014 1.23 1.93 2.39 3.10 5.06 11.66 14.73 16.37 18.11 22.77
06-May-2013 0.85 1.34 1.71 2.19 4.12 -1.27 10.87 12.77 14.51 20.09
21-Nov-2010 1.13 1.88 2.76 4.93
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As you can see, the median PE is 13.63, slightly less than the long-term average. I am therefore happy that the UK market is not over-valued.
Mark Carter's blog 