Mark Roussin: Market bubble claims questioned given current earnings multiples

Mark Roussin: Market bubble claims questioned given current earnings multiples
Earnings multiples do not suggest bubble

Mark Roussin, founder and senior portfolio manager at Roussin Capital Management, questions the notion of a market bubble by highlighting the current earnings multiples of major technology companies.

Roussin points out that Micron trades at roughly 6x, Nvidia and Meta at around 16x, Broadcom and TSMC at about 19x, ServiceNow at 20x, and Alphabet at 22x, suggesting these levels are not consistent with a typical market bubble.

Roussin has recently commented on notable price movements in individual stocks, citing QCOM’s rise from $179 in April to $260 in May, followed by a drop to $175 in July. He has also observed broader premarket declines alongside a 5 percent jump in oil prices after U.S. President Donald Trump stated the Iran ceasefire deal was over. These observations come as market participants assess current valuation levels.

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