On the basisofhistoricalresearch, interviews with experts, questionnaires and probability method, the thesis investigatesandanalyzes thecurrentPEteaching of 18universities in Hebei Province.
The orange line plots earnings, the dark blue line shows the historical normal PE ratio applied by the market, and the light blue shaded area reflect dividends paid out of earnings.
But to get the trade-off between 10-year government bond, not in America, but on a global basis, and the inverse of the PE or the earnings yield back to historical norms, long-term interest rates would have to fully double from here globally.