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cyclically adjusted ADJ MKT COMPET

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He argues for using a long history of inflation-adjusted earnings as the denominator in a cyclically adjusted price-earnings ratio.
www.frbsf.org
Therefore, for purposes of the above definitions, government spending and tax revenue are normally replaced by cyclically adjusted government spending and cyclically adjusted tax revenue.
en.wikipedia.org
Take long-term measures of equity valuations like cyclically adjusted price-to-earnings, it's at a very high level.
www.afr.com
The situation looks even worse on a cyclically adjusted basis.
blogs.telegraph.co.uk
The cyclically adjusted price-to-earnings ratio has only reached its current level prior to the three largest equity market declines in the last century.
www.nbr.co.nz

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