Fracturing 'Magnificent Seven' Trade Puts Spotlight on Megacap Valuations
Monday, 18 March 2024, 00:35
Megacap Valuations in Focus
Fracturing the 'Magnificent Seven' Trade
The so-called 'Magnificent Seven' are collectively trading at an average of 33 times their expected earnings for the next 12 months, up from 26 at the end of 2022, according to LSEG Datastream.
That compares with a price-to-earnings ratio of about 21 for the benchmark S&P 500 index, which has risen over 7% this year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.