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>> Could you, in a nutshell, explain this PE10 thing? <<

P/E10 looks back at the average earnings over the previous 10 years, adjusted for inflation, instead of just the previous year. This tends to smooth out the anomalies caused by recessionary periods where using P/E (which can also be called "P/E1" in this context) to measure valuation is useless or worse, and commonly captures the current valuation relative to earnings in all phases of typical market cycles.


So what is that number NOW?
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