S&P 500 Consumer Discretionary Sector: current P/E Ratio

24.60
Last update: 24 May 2024

The estimated P/E Ratio for S&P 500 Consumer Discretionary Sector is 24.60, calculated on 24 May 2024.

Considering the last 5 years, an average P/E interval is [23.09 , 30.77]. For this reason, the current P/E can be considered Fair

P/E Ratio is calculated on the XLY Etf, whose benchmark is the S&P 500 Consumer Discretionary 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 Consumer Discretionary 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: 24.60
24 May 2024 · P/E Ratio: 24.60 · 1Y Average: 26.70 · 1 Std Dev range: [25.83 , 27.58] · 2 Std Dev range: [24.95 , 28.45]
24 May 2024 · P/E Ratio: 24.60 · 5Y Average: 26.93 · 1 Std Dev range: [23.09 , 30.77] · 2 Std Dev range: [19.25 , 34.61]
24 May 2024 · P/E Ratio: 24.60 · 10Y Average: 22.28 · 1 Std Dev range: [18.31 , 26.25] · 2 Std Dev range: [14.35 , 30.21]
24 May 2024 · P/E Ratio: 24.60 · 20Y Average: 18.79 · 1 Std Dev range: [15.67 , 21.91] · 2 Std Dev range: [12.55 , 25.03]
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: 24.60 · 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
( 24.60 )
Deviation
vs μ
Valuation
Last 1Y 26.70 0.88 [24.95 · 25.83 , 27.58 · 28.45]
-2.41 σ
Cheap
Last 2Y 24.89 1.83 [21.23 · 23.06 , 26.73 · 28.56]
-0.16 σ
Fair
Last 3Y 26.03 2.18 [21.68 · 23.86 , 28.21 · 30.39]
-0.66 σ
Fair
Last 4Y 27.87 3.24 [21.38 · 24.62 , 31.11 · 34.35]
-1.01 σ
Undervalued
Last 5Y 26.93 3.84 [19.25 · 23.09 , 30.77 · 34.61]
-0.61 σ
Fair
Last 6Y 25.53 3.92 [17.68 · 21.61 , 29.45 · 33.37]
-0.24 σ
Fair
Last 7Y 24.53 3.98 [16.57 · 20.55 , 28.50 · 32.48]
+0.02 σ
Fair
Last 8Y 23.54 3.87 [15.79 · 19.66 , 27.41 · 31.28]
+0.27 σ
Fair
Last 9Y 22.77 3.90 [14.98 · 18.87 , 26.67 · 30.57]
+0.47 σ
Fair
Last 10Y 22.28 3.97 [14.35 · 18.31 , 26.25 · 30.21]
+0.58 σ
Fair
Last 11Y 21.61 3.82 [13.97 · 17.79 , 25.43 · 29.25]
+0.78 σ
Fair
Last 12Y 21.07 3.80 [13.48 · 17.27 , 24.87 · 28.67]
+0.93 σ
Fair
Last 13Y 20.42 3.76 [12.90 · 16.66 , 24.19 · 27.95]
+1.11 σ
Overvalued
Last 14Y 19.88 3.86 [12.15 · 16.01 , 23.74 · 27.61]
+1.22 σ
Overvalued
Last 15Y 19.66 3.81 [12.03 · 15.84 , 23.47 · 27.28]
+1.30 σ
Overvalued
Last 16Y 19.45 3.68 [12.09 · 15.77 , 23.12 · 26.80]
+1.40 σ
Overvalued
Last 17Y 19.18 3.58 [12.03 · 15.60 , 22.76 · 26.34]
+1.51 σ
Overvalued
Last 18Y 18.97 3.36 [12.25 · 15.61 , 22.33 · 25.69]
+1.68 σ
Overvalued
Last 19Y 18.81 3.22 [12.38 · 15.59 , 22.03 · 25.25]
+1.80 σ
Overvalued
Last 20Y 18.79 3.12 [12.55 · 15.67 , 21.91 · 25.03]
+1.86 σ
Overvalued

S&P 500 Consumer Discretionary Sector Trend

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

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Trend Indicator Valuation Margin
Long Term Price vs SMA200 +2.11% 24 May
Short Term Price vs SMA50 -1.35% 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.