File:Price-Earnings Ratios as a Predictor of Twenty-Year Returns (Shiller Data).png

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Description Price-Earnings Ratios as a Predictor of Twenty-Year Returns: A twenty-year modification of the plot by Robert Shiller (Figure 10.1 from Shiller, Robert (2005) Irrational Exuberance (2d ed.), Princeton University Press ISBN 0-691-12335-7) using data from irrationalexuberance.com/shiller_downloads/ie_data.xls. The horizontal axis shows the real price-earnings ratio of the S&P Composite Stock Price Index as computed in Irrational Exuberance (inflation adjusted price divided by the prior ten-year mean of inflation-adjusted earnings). The vertical axis shows the geometric average real annual return on investing in the S&P Composite Stock Price Index, reinvesting dividends, and selling twenty years later. Data from different twenty year periods is color-coded as shown in the key. See also Image:Price-Earnings Ratios as a Predictor of Ten-Year Returns (Shiller Data).png.
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16 February 2008

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current22:04, 16 February 2008Thumbnail for version as of 22:04, 16 February 2008948 × 758 (29 KB)Stsmith~commonswiki{{Information |Description=Price-Earnings Ratios as a Predictor of Twenty-Year Returns: A twenty-year modification of the plot by w:Robert Shiller (Figure 10.1 from {{cite book |last=Shiller |first=Robert |title=[[Irrational Exuberance (book)|Irration

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