The cheapest stock markets and sectors – October 2021

5 min Read Published: 30 Sep 2021

It's been almost two years since I last looked at which global stock markets offer good value based on historical data. Since then we've endured the fastest bear market on record, as a result of the COVID-19 pandemic, followed by the fastest bull markets in history and now many stock markets sit near all-time or multi-year highs. So how have these moves affected stock market 'value' around the globe? In this article, I answer that question before going on to determine the value of individual equity sectors. But first, let me recap on what value investing is.

What is 'value investing'

A value investor buys shares in companies that he/she believes are undervalued by the market on the assumption that when reality catches up with the company fundamentals the share price will be revalued and they will make a profit.

Finding value involves scrutinising company balance sheets and accounts looking for the value that others can’t see, the earning potential that your peers are overlooking.

Full article available exclusively to 80-20 Investor members.

To read the complete article, sign up for a free trial or log in below.