overvaluation

It has become almost conventional wisdom today that the 2000 peak of 11700 on the Dow was a record level of overvaluation, based on the twin measures of the 10-year rolling inflation-adjusted price-earnings ratio and the "Q" ratio of price to book value.

按照通胀调整后的10年滚动的市盈率和市净率（q比率）这两大标准衡量，2000年时道指的11700点，是创纪录的估值过高水平，这几乎已经成为当今的传统看法。

Figure 9. Asian Technology Stocks-India, Korea Doing Just Fine, YTD, Taiwan Overvaluation, Policy Mistakes penalized

图9：亚洲科技股&印度、韩国表现良好、年度累积额、台湾过高估价、政策错误的惩罚

But there were to be orderly ways to unpeg parities that represented clear undervaluation or overvaluation.

不过,要以有条不紊的方法来解冻存在的明显低估或高估的比值.

These problems were aggravated by the overvaluation of the pound.

英镑估价过高使这些问题愈发严峻。

He said the overvaluation of sterling was throttling industry.

他认为英镑价值过高阻碍了工业发展。