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The Shiller P/E or CAPE Ratio, also known as the Cyclically Adjusted Price Earnings Ratio, is a valuation metric proposed by economist Robert Shiller. It measures the stock market's valuation by dividing the current price of the S&P 500 by its average inflation-adjusted earnings over the past 10 years. The CAPE Ratio aims to provide a more comprehensive view of a company's profitability over an economic cycle, allowing investors to assess long-term returns.

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