> For the complete documentation index, see [llms.txt](https://docs.countercyclical.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.countercyclical.io/fundamentals/valuations-legacy/assumptions.md).

# Assumptions

<figure><picture><source srcset="/files/fmJ7WwbILA2DRapccXdK" media="(prefers-color-scheme: dark)"><img src="/files/nd5mZkIbPUaZ5NNkM1Ut" alt=""></picture><figcaption><p>Assumptions</p></figcaption></figure>