Capital Markets: Observations and Insights
Focusing on Fundamentals Reframing Risk
• When it comes to areas of innovation, fundamentals prove more important than valuation metrics
Innovation Changes the Rules of Valuation—Higher P/Es Yield Higher Returns?
Source: FactSet for the three-year period ended 6/30/19, based on GICS industries of the S&P 1500 Index.
Made with FlippingBook Online newsletter