You are looking at one of the most expensive stock markets in decades — and it may not end well
Key takeaways
- We all know the multiples on most companies are well above their historical norms and prior market peaks.
- If you are looking for another indicator that the stock market is smack in the middle of a bubble, Yahoo Finance is here to help by way of a new chart.
- Goldman Sachs strategist Ben Snider did a deep dive into the enterprise value-to-sales (EV/sales) ratios being afforded to companies right now and compared them with historical norms.
You are looking at one of the most expensive stock markets in decades — and it may not end well Brian Sozzi · Executive Editor Wed, June 10, 2026 at 6:43 PM GMT+7 2 min read Studying price-to-earnings multiples on companies amid the Great Stock Price Boom of 2026 is so yesterday. We all know the multiples on most companies are well above their historical norms and prior market peaks.
If you are looking for another indicator that the stock market is smack in the middle of a bubble, Yahoo Finance is here to help by way of a new chart.
Goldman Sachs strategist Ben Snider did a deep dive into the enterprise value-to-sales (EV/sales) ratios being afforded to companies right now and compared them with historical norms. At the basic level, the EV/sales ratio measures how much an investor is willing to pay to own a piece of a company s future sales.