Ive got IJH, with a 14.2 pe ratio, and a 2.27 pb ratio. These seem historically average, and not in huge excess, yet something like the schiller pe ratio is showing at 34. Surely this diverse midcap index must capture some of that excess?
Is everything overvalued, or are some things still just average now? Is iShares just not including overvalued stocks?
Any insight is appreciated.
https://www.blackrock.com/au/individual/products/273425/ishares-s-p-mid-cap-etf
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