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。

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.

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

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。