Price-to-Sales (P/S) Ratio for S&P 500 and TSX

Published December 12, 2025

Analysis: This was published in the The Globe and Mail. One of the metrics that shows the relative overvaluation of the two indexes.

Price to sales ratio for the S&P 500 and the TSX indexes

This was the year when everyone, everywhere, made money. In fact, if you had celebrated New Year’s Day 2025 by downing a few cocktails, throwing darts at a map of the world and then buying stocks wherever they landed, chances are you would have done magnificently.

This year was easy for investors. Don’t expect a replay in 2026 – The Globe and Mail