valuation

Below is a summary of the topics we covered on Nucleus Investment Insights this month. See the links for more information.

Market commentary has a bias towards buying. We apply a disciplined valuation approach, and that includes a strong selling strategy.

Xero is a quality company, but is it able to compete with Intuit? We take a closer look at Intuit to see what Xero is up against in the US.

CCI has constructed measures of the value of bank equities relative to bank bonds.

Aoris Investment Management CIO, Stephen Arnold, shares his views on markets and the Aoris process in his Annual Letter to investors.

China A-Share Valuations: While much of the rest of the world is increasingly entrenched into bear market mode, Chinese equities are looking more and more...

The Weekly S&P500 ChartStorm is a selection of 10 charts that I handpicked from around the web and from Twitter posts. The purpose of this wire is to add extra...

Global vs US PE10 Valuations: One of the most interesting aspects of the past decade has been the divergence in valuations between the USA and the rest of the...

The Weekly S&P500 ChartStorm is a selection of 10 charts which I hand pick from around the web and post on Twitter. The purpose of this post is to add extra color...

Valuation Cohorts — The Upper Reaches of Expensiveness: This chart presents the price to book ratio picture across the industries/sub-industries that comprise the...

Since the beginning of the pandemic, the rat race between Growth and Value has heated up, with both of these factors, at various points, winning over the market. But...

2022 looks like it could be a challenging year for equity investors. The after-effects of the pandemic driven monetary support which overwhelmed financial markets in...

Fear, panic, despair, relief, hope, and euphoria. These are some of the emotions driving investor sentiment. Love it or hate it, investor sentiment plays a large role...

Last week I dealt with the less controversial changes to the Shiller P/E. You probably want to read that first. In this post, I derive a more advanced version: CAPE...

For many value investors, the Shiller Price/Earnings ratio is the holy grail. The ratio has several problems, which make it look way more expensive than it is. If we...

We recently compiled a fairly detailed note for investors and subscribers that addresses an evergreen question: how much can an investor safely pay up to own a...

This reporting season was one of the most positive we’ve seen in years, with Australian companies across many sectors delivering strong growth, despite the challenges...

Investment markets are in the eye of the storm. The initial storm danger came as COVID-19 hit, decimating jobs and smashing demand. Governments and central banks ably...

How do people get richer during a recession? Free money! During past recessions, people become poorer as personal income falls when unemployment rises, which...

This is a message for those who aspire to be investment bankers. One dirty secret (of many) in investment banking is valuations are an advertising tool. If you can’t...