All Cap Analysis: Price To Economic Book Value Rises In 2020

All Cap Analysis: Price To Economic Book Value Rises In 2020

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This report analyzes[1] market cap, economic book value, and the price-to-economic book value (PEBV) ratio for the NC 2000 and each of its sectors. The PEBV ratio for the NC 2000 and its sectors equals aggregate market cap divided by aggregate economic book value. See Appendix I and II for more details.

The NC 2000 consists of the largest 2000 U.S. companies by market cap in my firm's coverage. Constituents are updated on a quarterly basis (March 31, June 30, September 30, and December 31). I exclude companies that report under IFRS and non-U.S. ADR companies.

I analyze other fundamental and valuation metrics for the NC 2000 and its sectors in these reports:









These reports leverage cutting-edge technology to provide clients with a cleaner and more comprehensive view of every measure of profits[2].



NC 2000 PEBV Ratio Jumps in 3Q20

The PEBV ratio for the NC 2000 rose from 1.2 at the end of 2019 to 1.8 through 11/17/2020 (the earliest date updated 10-Qs for the NC 2000 constituents were available). The NC 2000 PEBV ratio last reached this level