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Market insights today: cheap or expensive?

Fresh daily · as of Oct 26, 2026

Every trading day we run 35,000+ stocks through our fair-value models and summarise where markets, sectors and single stocks sit above or below fair value. See the full market valuation on the market valuation page.

How expensive are markets right now?

How expensive are markets right now?

How expensive is the market really? 🧐

We run every index holding through our 26 fair-value models and compare the index price to the combined fair value of what is inside. Right now the DAX trades 30% ABOVE the fair value of its own holdings.

Which index surprised you most? 👇

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Expensive utilities, cheap communication services

Expensive utilities, cheap communication services

Sector check 📊

Utilities trades 31% above our aggregate fair value, while Communication Services sits 15% below it. The gap between hype and value has rarely been this wide.

Which sector do you own most? 👇

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Canon

Canon

In the news: Canon Inc. reports quarterly earnings today.

Canon: quality score 66/100, and it trades 43% below our fair value estimate.

This is a valuation snapshot from our models, not a recommendation. What is your take on it? 👇

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Our models just raised these fair values

Our models just raised these fair values

Fair value upgrades of the week 📈

New fundamentals in, and our 26 models raised the fair value on these names, led by Hangzhou Great Star Industrial (+11%).

A rising fair value means the business got more valuable, whatever the price did. Which one surprises you? 👇

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Spotify Technology

Spotify Technology

In the news: Formalizing sales of internal tools as enterprise solutions via a new site.

Spotify Technology: bear, base and bull. 🎯

Our models see a fair-value range from $375 to $842, base case $616. Today it trades at $584.

Where do you land? 👇

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Shopify

Shopify

In the news: Blocking autonomous AI agents plus same-day delivery expansion.

Shopify in plain numbers. 📊

How profitable the business is, how fast it grows, and our 0-100 quality score, in one glance. No jargon needed.

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Welltower

Welltower

In the news: Welltower Inc reports quarterly earnings today.

Welltower: worth its price? 🧐

Our 26 fair-value models put Welltower above fair value, which sits 68% below the price (price $237, fair value $74.97). In plain money: at $237 you are paying about $162 per share above our fair value. Our full model range runs $42.21 to $150, so the number above is the midpoint, not a promise. A valuation snapshot, not a recommendation.

Agree or disagree? 👇

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Welltower

Welltower

In the news: Welltower Inc reports quarterly earnings today.

Welltower in plain numbers. 📊

How profitable the business is, how fast it grows, and our 0-100 quality score, in one glance. No jargon needed.

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Moat

Moat

Moat, explained simply. 📚

A durable competitive advantage that protects a company profits from rivals.

Why it matters: Wide moats keep a business profitable for decades. We score every stock on it.

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How we value 35,000 stocks

How we value 35,000 stocks

No opinions, no price targets from analysts. 🛠

26 models on the actual financials give one fair value, and a 0-100 score for the quality of the business itself.

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Valuation snapshots. They do not account for your personal situation, risk tolerance or investment horizon. As of Oct 26, 2026.