Henderson released a presentation with actual Shiller PE values for various geographic regions. Shiller PE for MSCI Europe is 15.0 per 30 September 2013.
Every now and then this site needs recent data points for Shiller PE for the MSCI Europe index. In the past these could be taken from research and market reports.
However, in past months no recent values for the ShillerPE for MSCI Europe have been found, which causes extrapolation errors to become larger. Also, the maintainer of the index (MSCI Barra) does not publish information to derive this value ourselves. Neither do we have a Bloomberg terminal 😉
Therefore, if you have access to some recent ShillerPE (a.k.a. CAPE) for MSCI Europe data points then please share those. Contact us at info @ the-domain-name-of-this-website.
The backend code has been updated to deal with Euronext website changes. Charts are updated again.
Good news. After receiving new MSCI Europe Shiller data points and fixing the data link to Euronext our automated valuation model has been updated. On a weekly basis a new Shiller valuation for the MSCI Europe is calculated:
Disclaimer: valuation is determined based on uncertain data points and extrapolation based on uncertain external data
After quite some time with no new (reliable) ShillerPE data points for the European equity market Morgan Stanley released a new market report:
Morgan Stanley presented an interesting perspective on US vs European Shiller P/E ratios in their February 2010 “In the Flow” report. American stocks are valued 1.2x higher than European stocks:
The same report also provides an update per (end of) February 2010 for the ShillerPE for US stocks:
Note that the value of 17.0x deviates significantly from the data from Robert Shiller, which is at a CAPE value of around 20x for Feb/Mar 2010.
Key consideration for investing is value vs. price as investing is about buying cheap. The figure gives an estimate of the current inflation adjusted 10 year price/earnings ratio for the MSCI Europe index.
Disclaimer: above figures are an approximation based on historic published values for ShillerPE values and the respective index trackers.