Home News Tech

Big Tech’s valuations are cheapest in three years after slump

Bloomberg
Bloomberg10/6/2021 8:4 PM GMT+08  • 2 min read
Big Tech’s valuations are cheapest in three years after slump
The megacap tech stocks may get cheaper still.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

After a monthlong selloff, an elite group of technology stocks is now cheaper than it’s been versus the broad market in almost three years.

The NYSE FANG+ Index is priced at about 27.6 times estimated earnings for the coming year versus 20.2 times for the S&P 500 Index. That’s the narrowest spread since December 2018, when markets slumped because of a US-China trade war, a hawkish Federal Reserve and falling earnings expectations.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.