{
  "docId": "019dd923-5e88-73ef-bd5a-e586162e7de3",
  "docSlug": "ac50130fbe3a3c40",
  "documentTitle": "guide to the markets au",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 37,
  "pageCount": 81,
  "prevPage": 36,
  "nextPage": 38,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The chart displays a shaded area representing the spread between the 20th and 80th percentile of forward P/E ratios, with a green line representing the median P/E.",
  "elementsJson": [
    "headline_text",
    "area_chart",
    "kpi_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-e586162e7de3/37",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-e586162e7de3#slide-37",
  "components": [
    {
      "bbox": {
        "h": 0.55,
        "w": 0.85,
        "x": 0.08,
        "y": 0.23
      },
      "kind": "chart",
      "text": "MSCI World valuation dispersion chart",
      "attrs": null,
      "subkind": "area",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "43b6995c-f3ba-4d66-9f68-ad4c4952c489",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Valuation spread: 13.7",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28aa-738e-a35a-4d85e0a8cd35",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.42,
        "x": 0.08,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Source: FactSet, MSCI, Standard & Poor's, J.P. Morgan Asset Management. Guide to the Markets – Australia. Data as of 31 March 2026.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7f7d23b-35fe-45e1-9d70-a46390dfe10d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.14,
        "y": 0.25
      },
      "kind": "table",
      "text": "Median P/E and Valuation spread table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9b406bb4-e04e-4a69-8232-f6ebfabbd724",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.48,
        "x": 0.08,
        "y": 0.09
      },
      "kind": "title",
      "text": "Global equities: Valuation dispersion",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cd311214-01cf-4e21-b827-2d5eeff0a4bf",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Data Story Arc",
      "slug": "data-story-arc",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "84022ebe-5430-454a-afa6-8dd7707af5a9",
      "evidence": "MSCI World valuation dispersion chart",
      "confidence": 0.6
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 80,
      "from": 5,
      "beatId": "5a54f17d-02a1-4b4b-b11d-ba1f67b4a5c0",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "The extensive use of data tables, KPI dashboards, and industry trends to support the analysis and insights provided.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}