Notes: The chart above tracks the median enterprise value-to-revenues ratio of the top ten components of the Real Estate Sector.
January 02, 2019
Update (12/31/18): The Real Estate Sector currently trades at a level on par with its peak from the real estate bubble. This is largely due to the fact that interest rates have remained so low for so long. To the extent that interest rates rise in the future this valuation looks vulnerable.