Charts of the Day: How Expensive Are the Markets?
Doug Kass
on
May 20, 2026
How expensive is the S&P 500 right now? Four ways to count.
— Thierry from arvy 🇨🇭 (@ThierryBorgeat) May 19, 2026
– Price/Sales: 3.5x (all-time high, higher than 2000)
– Price/Book: 5.5x (all-time high)
– Forward P/E: 26x (at the 2000 dotcom peak)
– Dividend Yield: 1% (near a record low)
Three of these are at levels last seen at… pic.twitter.com/NMRvIwQD6h
Position: None
- Category: Daily Diary
Posted by Doug Kass
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.