RT Journal Article SR Electronic T1 Stock Market Assessment: Invest Now or Later JF The Journal of Investing FD Institutional Investor Journals SP joi.2023.1.261 DO 10.3905/joi.2023.1.261 A1 Samveg Patel YR 2023 UL https://pm-research.com/content/early/2023/03/15/joi.2023.1.261.abstract AB Investors face a million-dollar question on a daily basis, is it a right time to invest in stock market, or is the stock market under, over or fairly valued? This article answers this much-awaited question by proposing the stock market assessment indicator. It uses market level fundamental ratios like Price to Earnings (PE), Price to Book (PB), and Dividend Yield (DY) ratios to derive PE, PB, and DY scores based on their historical mean and standard deviation values. This article also derives Market Assessment Score (MAS) as an equal-weighted average of PE, PB, and DY scores. The values of all scores ranges from 0 to 100, based on that, the article classifies the current market as under-, over- or fairly-valued. The findings of this article have implications for the fund manager, portfolio manager and, at large, all investors while making a new investment or rebalancing an existing portfolio.