Subject: Brazil the cheapest?
Here are the global valuations as of March 31, 2026.

Quarterly CAPE Ratio Updates

Median CAPE Ratio: 19
25% cheapest: 14
25% most expensive: 28

Average of Foreign Developed: 22
Average of Foreign Emerging: 18

https://theideafarm.com/quarte...

Brazil is the second cheapest in the world, and India is the second most expensive. Brazil is going to do well if oil prices stay high and India is going to suffer. Japan, which is often touted as being very cheap, is among the pricier ones. The rap against Brazil is that the largest companies are all mining, energy or finance related, very cyclicaland deserving of low valuations.