Reality Gap — Fundamental Coverage Indicator DE
Reality Gap<br>A Research-Based Indicator for Fundamental Coverage<br>Reality Gap (RG) measures the relationship between a company's market capitalisation and its estimated fundamental base — derived from smoothed earnings and tangible equity. It is a heuristic coverage indicator, not an intrinsic value model.<br>All data shown is illustrative. See the methodology for details.
M(S&P 500)RG10<br>3.94++<br>CAPE 39.4 · 2026-04<br>M(DAX 40)RG10<br>1.80<br>Trailing P/E 18.0 · 2026-04<br>Macro Approximation
M(Index)RG10 = CAPE ÷ 10 (S&P) or trailing P/E ÷ 10 (DAX).<br>Values above 2.0 indicate above-average stretch; above 3.5 is historically rare.
Methodology<br>How RG8, RG10, and RG12 are constructed and what they measure.<br>Explore →<br>Working Paper<br>The full methodological foundation and theoretical context.<br>Explore →<br>Rankings<br>A comparative view of companies sorted by their RG10 value.<br>Explore →<br>Companies<br>Individual RG profiles for each company in the dataset.<br>Explore →<br>Research<br>Fragility analysis: Core RG vs. Narrative RG, spread, and market structure.<br>Explore →<br>Macro RG<br>Market-level RG approximation via Shiller CAPE (S&P 500) and trailing P/E (DAX 40).<br>Explore →