ENVA - Financials And Real Estate Valuations - 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, capital markets, mortgage REITs and consumer finance are undervalued regarding their historical averages. The first 2 industries are also above their historical baseline in profitability. Real estate management shows excellent valuation and profitability metrics, except a bad price/sales ratio. Combining the valuation metrics, equity REITs are moderately overpriced. Insurance is the only industry where all valuation ratios point to overpricing. It is