S&P 500 Energy Sector: current P/E Ratio

13.09
Last update: 24 May 2024

The estimated P/E Ratio for S&P 500 Energy Sector is 13.09, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [7.81 , 21.39]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the XLE Etf, whose benchmark is the S&P 500 Energy Sector.

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 Energy Sector P/E Ratio has changed over time. Furthermore, for some trailing timeframes, you can view the average P/E and standard deviation.

24 May 2024 · P/E Ratio: 13.09
24 May 2024 · P/E Ratio: 13.09 · 1Y Average: 9.27 · 1 Std Dev range: [8.21 , 10.33] · 2 Std Dev range: [7.15 , 11.39]
24 May 2024 · P/E Ratio: 13.09 · 5Y Average: 14.60 · 1 Std Dev range: [7.81 , 21.39] · 2 Std Dev range: [1.02 , 28.17]
24 May 2024 · P/E Ratio: 13.09 · 10Y Average: 19.50 · 1 Std Dev range: [11.84 , 27.16] · 2 Std Dev range: [4.19 , 34.82]
24 May 2024 · P/E Ratio: 13.09 · 20Y Average: 14.23 · 1 Std Dev range: [9.20 , 19.27] · 2 Std Dev range: [4.17 , 24.30]
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".
24 May 2024 · P/E Ratio: 13.09 · Last Periods metrics
Show all periods
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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
( 13.09 )
Deviation
vs μ
Valuation
Last 1Y 9.27 1.06 [7.15 · 8.21 , 10.33 · 11.39]
+3.61 σ
Expensive
Last 2Y 9.07 1.04 [7.00 · 8.03 , 10.10 · 11.14]
+3.88 σ
Expensive
Last 3Y 9.94 1.37 [7.20 · 8.57 , 11.30 · 12.67]
+2.31 σ
Expensive
Last 4Y 13.13 6.35 [0.42 · 6.78 , 19.48 · 25.84]
-0.01 σ
Fair
Last 5Y 14.60 6.79 [1.02 · 7.81 , 21.39 · 28.17]
-0.22 σ
Fair
Last 6Y 14.34 5.19 [3.96 · 9.15 , 19.53 · 24.72]
-0.24 σ
Fair
Last 7Y 15.88 5.79 [4.30 · 10.09 , 21.67 · 27.46]
-0.48 σ
Fair
Last 8Y 17.89 7.30 [3.30 · 10.59 , 25.19 · 32.48]
-0.66 σ
Fair
Last 9Y 19.40 7.93 [3.55 · 11.47 , 27.33 · 35.25]
-0.80 σ
Fair
Last 10Y 19.50 7.66 [4.19 · 11.84 , 27.16 · 34.82]
-0.84 σ
Fair
Last 11Y 18.48 7.22 [4.03 · 11.25 , 25.70 · 32.92]
-0.75 σ
Fair
Last 12Y 17.62 7.04 [3.54 · 10.58 , 24.66 · 31.70]
-0.64 σ
Fair
Last 13Y 16.70 6.76 [3.18 · 9.94 , 23.46 · 30.22]
-0.53 σ
Fair
Last 14Y 16.16 6.49 [3.17 · 9.67 , 22.66 · 29.15]
-0.47 σ
Fair
Last 15Y 15.99 6.29 [3.42 · 9.71 , 22.28 · 28.57]
-0.46 σ
Fair
Last 16Y 15.38 5.95 [3.48 · 9.43 , 21.34 · 27.29]
-0.39 σ
Fair
Last 17Y 15.03 5.70 [3.62 · 9.33 , 20.73 · 26.43]
-0.34 σ
Fair
Last 18Y 14.53 5.38 [3.76 · 9.15 , 19.91 · 25.30]
-0.27 σ
Fair
Last 19Y 14.22 5.19 [3.84 · 9.03 , 19.41 · 24.60]
-0.22 σ
Fair
Last 20Y 14.23 5.03 [4.17 · 9.20 , 19.27 · 24.30]
-0.23 σ
Fair

S&P 500 Energy Sector Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +3.51% 24 May
Short Term Price vs SMA50 -3.13% 24 May
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.