BFS - Financials And Real Estate Dashboard - Update
This article series provides a monthly dashboard of industries in each sector of the GICS classification. It compares valuation and quality factors relative to their historical averages.
Executive summary
Combining 3 valuation ratios, consumer finance and mortgage REITs look slightly undervalued relative to historical averages. Capital markets look close to fair price. Commercial banks look good in price/earnings, but moderately overpriced taking into account other valuation ratios. Metrics are mixed for real estate management and thrifts/mortgage: some ratios are very good and other ones very bad. All industries in these 2 sectors are above their