## Figure 1.4. Assessments of U.S. Equity Valuations

## Source details

**Canonical URL:** [Figure 1.4. Assessments of U.S. Equity Valuations](https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-4d.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-4d.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-4d.csv.json)

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### Scope and labels
- Title row: "4. Valuation of U.S. Equities Exposed to Policy Shifts"
- Context label: "(Percent change since U.S. election)"
- Policy scenarios / series headings: "Deregulation", "Infrastructure spending", "Adverse trade policies", "Repatriation", "Corporate tax cuts", "S&P 500"
- Valuation metrics (rows): "12-month forward P/E", "12-month forward EPS", "Price"

### Valuation outcomes by policy scenario (percent change since U.S. election)
- 12-month forward P/E:
  - Deregulation: 18.39
  - Infrastructure spending: 21.51
  - Adverse trade policies: 14.45
  - Repatriation: 9.46
  - Corporate tax cuts: 10.11
  - S&P 500: 9.42
- 12-month forward EPS:
  - Deregulation: 9.29
  - Infrastructure spending: 4.05
  - Adverse trade policies: 7.42
  - Repatriation: 4.02
  - Corporate tax cuts: 2.93
  - S&P 500: 3.55
- Price:
  - Deregulation: 27.68
  - Infrastructure spending: 25.57
  - Adverse trade policies: 21.87
  - Repatriation: 13.48
  - Corporate tax cuts: 13.04
  - S&P 500: 12.97

*Source: figure1-4d dataset (csv worksheet).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-4d.csv_