这些新兴股市开始时可能就是估值过高了。

They may have been more overvalued to startwith.

youdao

好消息是，市场不像10年(或两年)前那样估值过高了。

The good news is that markets are no longer anywhere near as overvalued as they were 10 (or two) years ago.

youdao

至少，欧元区估值过高的市场中，房价仍在走低，如法国、西班牙和爱尔兰。

At least house prices are still falling in the euro area's overvalued markets, such as France, Spain and Ireland.

youdao