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How valuable is this metric considering that the biggest companies now draw a significant % of revenue from outside the U.S.? I'm sure there are other factors
by rybosworld 11mo ago
How valuable is this metric considering that the biggest companies now draw a significant % of revenue from outside the U.S.?
I'm sure there are other factors that make this metric not great for comparisons with other time periods, e.g.:
- rates
- accounting differences
- rhubarbtree 11mo agoI estimate you’re talking 25% from overseas. If that bothers you, just multiply valuations by .75 Doesn’t make much difference even without doing the same adjust for previous eras. Buffett indicator survives this argument. He’s a smart guy.