# Professor Aswath Damodaran's blog post on the price-earnings (CAPE) ratio for evaluating stock prices is featured

1 Faculty News October 5, 2016 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://www.wsj.com/articles/powerful-market-indicator-flashes-sell-heres-why-it-can-be-ignored-1475687806) -- "In the end, he doesn’t think it represents an improvement over using conventional PEs to value stocks. 'This is one of the most oversold, overhyped metrics I’ve ever seen,' says Mr. [Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran)."

[Read more](http://www.wsj.com/articles/powerful-market-indicator-flashes-sell-heres-why-it-can-be-ignored-1475687806)