Mind the gap!

Van Lanschot Kempen’s Dividend Team analyzes persistent valuation gaps between U.S. equities and global markets, revealing structural drivers and hidden opportunities.

Key Insights:  

• Structural U.S. Premium: U.S. equities trade well above historic valuation ranges, not solely due to tech dominance but also expensive non-tech sectors.  
• Europe More Attractive: European equities trade closer to or below historic medians, offering potential for positive surprises.  
• Sector Discrepancies: Comparable sectors (e.g., consumer staples, financials) show large valuation differences without clear justification.  
   

Explore the full analysis to uncover where global valuation gaps offer the best long-term opportunities.