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

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.
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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.

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