At the start of February 2025, the S&P 500 is collectively priced to earn approximately 8.4% annually based on expected dividends and buybacks relative to current market levels.

factualpending

Speaker

Aswath Damodaran

Evidence Quote

Collectively, US stocks are priced to earn about 8.4%.

Source

Aswath Damodaran: I Am More Cautious Than EverThe Master Investor Podcast with Wilfred Frost
Created: 8/12/2026, 6:41:25 PM

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