Stocks Haven't Been This Expensive Since 1999. The Last Time It Happened, They Fell 50%.
- Posted on August 24, 2026
- By International Business Times
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- 1 min read
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Stocks Haven't Been This Expensive Since 1999. The Last Time It Happened, They Fell 50%.
The S&P 500's Shiller price-to-earnings ratio recently reached 42.2, the highest level in more than 26 years, putting the closely watched valuation measure within striking distance of its November 1999 record of 44.2.
