Our latest Country Rankings are out. See below for some general comments and click the link to see more details.
- The United States continues to fall in our rankings. The United States
Price/Book ratio is 2.8x vs a country avg. of 1.8x, and has
deteriorating short‐term momentum. It is now ranked 12th in our
model and we maintain a slight overweight.
- Germany climbed in our rankings and is now ranked 6th overall,
exhibiting better than average Risk and Valuation scores. It has a
7.8x Price to Cash Earnings vs. a country avg. of 11x, and has the
lowest CDS spread levels of any country.