## Figure 1.7. Valuations of Global Equities

## Source details

**Canonical URL:** [Figure 1.7. Valuations of Global Equities](https://www.imf.org/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-7.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-7.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-7.csv.json)

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### Dataset scope and structure
- Worksheet name: csv
- Row count: 351
- Column count: 27
- Primary heading in file: "Figure 1.7. Valuations of Global Equities"
- Regional columns (sample): "United States", "Europe", "Other advanced", "China", "EM excluding China"
- Valuation and decomposition headings (present in sheet): "2. Gross Equity Isuance", "4. Valuation Metrics", "5. Decomposition of Equity Market Performance", "6. Equity Risk Premium under Different Assumptions"
- Metric categories (as they appear): "Risk-free rate", "Earnings (current and projected)", "Equity risk premiums", "Price return", "ERP", "PE", "CAPE", "IBES EPS growth forecast", "Long-term average of realized EPS growth", "WEO nominal GDP growth forecast", "IBES: with term premium +50 bps", "IBES: with term premium +150 bps"
- Units indicated for section "2. Gross Equity Isuance": "(Billions of US dollars, quarterly)"
- Units indicated for "4. Valuation Metrics" and "6. Equity Risk Premium under Different Assumptions": "(Z-scores)"

### Sample data points and timestamps (preserved exactly as in source)
- Date labels included in sample rows:
  - "9/30/2013"
  - "1/31/1990"
  - "3/31/2005"
  - "10/31/2013"
  - "2/28/1990"
  - "1/31/1990" (appears more than once in sample)
- Sample regional valuation snapshot (row labeled "3/31/2005"):
  - United States: "37.34"
  - Europe: "45.1"
  - Other advanced: "30.83"
  - China: "4.07"
  - EM excluding China: "15.76"
- Sample valuation-related numeric entries associated with dates:
  - For "9/30/2013": "Risk-free rate" group shows "2.11", "0.75", "0.67", "3.54" (these appear under the headings listed but are presented in the sheet as sequential numeric cells)
  - For "1/31/1990": numeric entries include "-0.76", "1.84", "1.46"
  - For "10/31/2013": numeric entries include "3.13", "1.05", "3.68", "7.85"
  - For "2/28/1990": numeric entries include "-0.67", "2.14", "1.74"
  - For another "1/31/1990" row in the sample: numeric entries include "-0.77", "-1.31", "-1.3"
- Metrics labeled under "5. Decomposition of Equity Market Performance": "(Percent contributions to cumulative returns)"

### Key measurable fields present (verbatim)
- ERP
- PE
- CAPE
- Risk-free rate
- Earnings (current and projected)
- Equity risk premiums
- Price return
- IBES EPS growth forecast
- Long-term average of realized EPS growth
- WEO nominal GDP growth forecast
- IBES: with term premium +50 bps
- IBES: with term premium +150 bps

### Observations about dataset layout and content (from sample rows)
- The sheet interleaves textual headings and numerical series; headings such as "2. Gross Equity Isuance" and "4. Valuation Metrics" appear in the same row-band as numeric columns.
- Z-score normalization is explicitly indicated for valuation and ERP comparison panels: "(Z-scores)".
- Time series dates in sample rows range at least from "1/31/1990" through "10/31/2013" and include "3/31/2005" and "9/30/2013".
- At least one panel reports gross equity issuance in "(Billions of US dollars, quarterly)".

*Source: figure1-7 (dataset overview) from the provided CSV worksheet sample*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/ch1/csv/figure1-7.csv_