KIM - 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
Consumer finance and mortgage REITs look underpriced by 15% to 20% relative to historical averages. Capital markets is close to fair price. Real estate management has mixed metrics: it looks good in price/earnings, price/free cash flow and profitability, but the price/sales is bad. Regarding the price to earnings ratio alone, all financial industries except insurance are underpriced relative to historical averages. However, commercial banks and thrifts/mortgage