Topic

Forward earnings multiples

Valuation measure dividing share price by projected earnings for the coming twelve months. Because the estimate window advances with the calendar, the multiple falls over time even when estimates are untouched.

Current clusters

invest1 publisher

Global tech's forward multiple fell from 29x to under 18x even as shares gained 34%

Koyfin data cited by a Seeking Alpha contributor has the iShares Global Tech ETF de-rating by more than a third in a year. Most of that move is the forward earnings window rolling on a 28.5% growth rate.

Publishers:seekingalpha.com

Reality

Evidence35
Adoption: Insufficient
Hype gap+40
Incentives40
Confidence55