Market Valuation of a Market?

It would be interesting to see what the average valuation of an exchange's stocks, or a country or continent's stocks would be, a la Graham. - Could it point out a bubble?

Dear Tranquility,

Thank you for your forum post!

For such an analysis, Graham's framework would need to be customized for currencies, Interest Rates and Inflation.

The Check Exchanges feature should give an idea of how each Exchange / Region fares against Graham's framework.

Graham Resources