u/Salaryinspain ·
Reddit — r/investing
· August 09, 2026 at 17:55
· ⬆ 20 pts
· 💬 39 comments
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[Shiller PE RATIO](https://imgur.com/a/kRDmizj)
Saw this chart and the number surprised me.
CAPE is at 42.4. Peak in Dec 1999 was 44.2.
Not saying that means a crash. CAPE has been pretty awful for calling tops and people have been saying stocks are too expensive for years.
Still, 42 is 42.
I know the arguments. Margins are higher now, the index looks very different, mega caps actually make a ton of money. So maybe comparing this directly to 1999 isn’t that useful.
But it’s also basically the all-time high.
Does anyone here actually use CAPE when deciding how much to have in stocks? Or do you just look at this stuff and move on?