Value Invest Much?

Two charts I made to capture the EV/EBITDA (Enterprise value to Earnings ratio) of the US stock market and US economy, as closely as possible.

First: The stock market

A = Nonfinancial Corporate Equities
B = Nonfinancial Corporate Debt
C = Nonfinancial Corporate Savings
D = Corporate Profits

(A + B - C) / (D)
-or-
[(Nonfinancial Corporate Equities) + (Nonfinancial Corporate Debt) - (Nonfinancial Corporate Savings)] / [(Corporate Profits)]

Graph 1

Second: The whole US economy

A = Nonfinancial Corporate Equities
B = Homeowner's Equity
C = Total Credit Market Debt
D = Total Saving
E = GDP
F = Federal Taxes
G = State and Local Taxes

(A + B + C - D ) / (E - F - G)
-or-
[(Nonfinancial Corporate Equities) + (Homeowner's Equity) + (Total Credit Market Debt) - (Total Saving)] / [(GDP)-(Federal Taxes)-(State and Local Taxes)]

Graph 2

Now, it would be nice if the data extended further back, and obviously we need some comparisons to their peers.  However, that will have to wait.