Van Lanschot Kempen’s Dividend Team analyzes persistent valuation gaps between U.S. equities and global markets, revealing structural drivers and hidden opportunities.
Key Insights:
- Structural U.S. Premium: U.S. equities trade well above historic valuation ranges, not solely due to tech dominance but also expensive non-tech sectors.
- Europe More Attractive: European equities trade closer to or below historic medians, offering potential for positive surprises.
- Sector Discrepancies: Comparable sectors (e.g., consumer staples, financials) show large valuation differences without clear justification.
Explore the full analysis to uncover where global valuation gaps offer the best long-term opportunities.
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