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Current P/E
Average P/E over the past 15 years
P/E over the past twelve months
EuroStoxx50
S&P 500
MSCI EM
DAX
MSCI Japan
0
5
10
15
20
US equities comparatively expensive
Sources: FactSet Research Systems Inc., Bloomberg Finance L.P., DWS Investment GmbH, as at: 28/02/2019
Price-earnings ration (P/E)