S&P 500 Index: current P/E Ratio (2024)

28.09

Last update: 30 August 2024

The estimated P/E Ratio for S&P 500 Index is 28.09, calculated on 30 August 2024.

Considering the last 5 years, an average P/E interval is [18.24 , 22.36]. For this reason, the current P/E can be considered Expensive

P/E Ratio is calculated on the SPY Etf, whose benchmark is the S&P 500 Index.

Historical P/E Ratio

When evaluating the P/E Ratio, it's important to not only look at its absolute value but also compare it to the average of previous periods. This allows for a more comprehensive understanding of the index/market valuation.

The following chart shows how the S&P 500 Index P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

30 August 2024 · P/E Ratio: 28.09

30 August 2024 · P/E Ratio: 28.09 · 1Y Average: 23.76 · 1 Std Dev range: [22.20 , 25.31] · 2 Std Dev range: [20.65 , 26.86]

30 August 2024 · P/E Ratio: 28.09 · 5Y Average: 20.30 · 1 Std Dev range: [18.24 , 22.36] · 2 Std Dev range: [16.17 , 24.42]

30 August 2024 · P/E Ratio: 28.09 · 10Y Average: 18.10 · 1 Std Dev range: [16.06 , 20.14] · 2 Std Dev range: [14.02 , 22.18]

30 August 2024 · P/E Ratio: 28.09 · 20Y Average: 15.71 · 1 Std Dev range: [13.62 , 17.81] · 2 Std Dev range: [11.53 , 19.90]

Methodology

The Average P/E (μ) and the Standard Deviation (σ) are calculated excluding 20% outliers (i.e. over a range of values excluding 10% of observations from the top and 10% from the bottom of the dataset).

A P/E between (μ - σ) and (μ + σ) is considered "Fair", over a specific timeframe.
A P/E greater than (μ + σ) is defined "Overvalued", greater than (μ + 2σ) is defined "Expensive".
A P/E less than (μ - σ) is defined "Undervalued", less than (μ - 2σ) is defined "Cheap".

30 August 2024 · P/E Ratio: 28.09 · Last Periods metrics

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			Range		Analysis
Period	Average P/E (μ)	Std Dev (σ)	Std Dev Range [ μ-2σ · μ-σ , μ+σ · μ+2σ ]	vs Current P/E ( 28.09 )	Deviation vs μ	Valuation
Last 1Y	23.76	1.55	[20.65 · 22.20 , 25.31 · 26.86]		+2.79 σ	Expensive
Last 2Y	21.15	2.90	[15.36 · 18.26 , 24.05 · 26.95]		+2.39 σ	Expensive
Last 3Y	20.25	2.37	[15.51 · 17.88 , 22.62 · 24.99]		+3.31 σ	Expensive
Last 4Y	20.66	1.95	[16.76 · 18.71 , 22.61 · 24.56]		+3.81 σ	Expensive
Last 5Y	20.30	2.06	[16.17 · 18.24 , 22.36 · 24.42]		+3.78 σ	Expensive
Last 6Y	19.41	2.31	[14.79 · 17.10 , 21.72 · 24.04]		+3.75 σ	Expensive
Last 7Y	19.01	2.22	[14.58 · 16.80 , 21.23 · 23.44]		+4.10 σ	Expensive
Last 8Y	18.65	2.06	[14.54 · 16.59 , 20.71 · 22.77]		+4.59 σ	Expensive
Last 9Y	18.31	2.05	[14.21 · 16.26 , 20.36 · 22.41]		+4.77 σ	Expensive
Last 10Y	18.10	2.04	[14.02 · 16.06 , 20.14 · 22.18]		+4.89 σ	Expensive
Last 11Y	17.73	2.05	[13.64 · 15.68 , 19.78 · 21.82]		+5.06 σ	Expensive
Last 12Y	17.40	2.11	[13.18 · 15.29 , 19.51 · 21.62]		+5.06 σ	Expensive
Last 13Y	16.98	2.24	[12.51 · 14.74 , 19.22 · 21.45]		+4.97 σ	Expensive
Last 14Y	16.59	2.41	[11.78 · 14.18 , 19.00 · 21.41]		+4.77 σ	Expensive
Last 15Y	16.41	2.43	[11.55 · 13.98 , 18.83 · 21.26]		+4.81 σ	Expensive
Last 16Y	16.07	2.46	[11.16 · 13.62 , 18.53 · 20.99]		+4.88 σ	Expensive
Last 17Y	15.89	2.41	[11.08 · 13.49 , 18.30 · 20.71]		+5.06 σ	Expensive
Last 18Y	15.77	2.27	[11.23 · 13.50 , 18.04 · 20.31]		+5.43 σ	Expensive
Last 19Y	15.68	2.18	[11.32 · 13.50 , 17.86 · 20.03]		+5.70 σ	Expensive
Last 20Y	15.71	2.09	[11.53 · 13.62 , 17.81 · 19.90]		+5.91 σ	Expensive

S&P 500 Index Trend

Trend is evaluated considering the price of the SPY Etf and its 200/50-day moving averages (SMA).

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Trend	Indicator	Valuation	Margin
Long Term	Price vs SMA200		+10.20%	30 Aug
Short Term	Price vs SMA50		+2.72%	30 Aug

The 200-day moving average is a long-term indicator that takes into account the average price of a stock over the past 200 trading days. It is considered a significant level of support or resistance, meaning that when the stock price is above the 200-day moving average (i.e. margin vs moving average is positive), it is generally viewed as bullish, while when it is below, it is viewed as bearish.The 50-day moving average, on the other hand, is a shorter-term indicator that measures the average price of a stock over the past 50 trading days. It is also viewed as a significant level of support or resistance and can be used to identify shorter-term trends.

COUNTRIES

	Trend		P/E
	India		27.36
	United States		25.94
	Australia		22.69
	France		19.41
	Canada		19.05
	Japan		18.30
	United Kingdom		17.22
	Germany		15.91
	Italy		11.89
	China		9.34
	Brazil		7.87

S&P 500 SECTORS

	Trend		P/E
	Information Technology		40.85
	Real Estate		38.50
	Health Care		35.28
	Consumer Discretionary		28.03
	Industrials		27.37
	Materials		26.68
	Consumer Staples		24.80
	Utilities		21.49
	Communication Services		21.33
	Financials		18.41
	Energy		13.81