It's no secret that we're looking at a pretty overvalued market. I say it, other contributors say it, the financial papers say it, and looking at overall historical index valuations relative to the current one paints a clear picture - things, overall, are relatively expensive.
In few geographies is this truer than in Sweden, it seems. Qualitative companies are valued closer to 22-28 times earnings, or just twice their normal valuations, as opposed to only 2 years ago. This has had a few possible outcomes for investors locally:
- They continue investing in the same companies