NVO - Value Hunting: ADRs Earning Top Quality Scores
Source: CNN.
Background
As the Warren Buffett Indicator keeps flirting with the all-time high (see below), long-term value/quality-focused investors in the U.S. may want to reduce their home-country bias a bit by looking overseas in order to expand the investable universe.
Source: GuruFocus; data as of 6/9/2019.
According to GuruFocus, the current Warren Buffett Indicator for the U.S. market stands at almost 140%, translating into an expected total return of -1.7% for the next few years. The calculation of expected returns also takes dividend yield and economic growth rate into consideration. The chart below compares