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Ben Graham Centre · Dr. George Athanassakos

"A modified CAPE ratio is more reliable, and investors should be spooked by it"

Mar 11, 2026

Published Article - New

Dr. George Athanassakos discusses evidence in support of a modified CAPE ratio that has superior forecasting ability of stock returns than the traditional CAPE ratio in his latest article titled "A modified CAPE ratio is more reliable, and investors should be spooked by it", published in the Globe and Mail (Report on Business), p. B11. The article also appeared in the Globe Investor Magazine Online, under the same title, on March 5, 2026. View PDF.